-PTI NEW DELHI: To protect BPL families from price shocks due to supply constraints, Cabinet Committee on Economic Affairs (CCEA) is likely to consider tomorrow a proposal to relaunch a scheme to supply imported pulses at a highly subsidised rate for next six months. The CCEA may also take up a proposal to extend a scheme for distribution of imported edible oils at subsided rate to BPL families for one more year...
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Govt clears air on new cooking gas connections
-The Telegraph The government today said there was no ban on issuing fresh cooking gas connections but there was a three-week break, pending elimination of duplicate connections and update of software to take into account the six-a-year subsidy cap. State-owned oil firms are carrying out a nationwide exercise to eliminate multiple connections at the same address. Only one LPG connection is allowed at one address while the rest are being disconnected. “When a...
More »Cooking gas cap may fuel black marketing-Rajeev Jayaswal
-The Economic Times The government's decision to cap supply of subsidised cooking gas cylinders to six a year would be difficult to implement and encourage black marketing, oil industry officials said. There could be an opportunity to divert cheaper cylinders from customers whose yearly consumption is less than six refills, industry officials said. According to the oil ministry 44% of consumers take six cylinders or less in a year. All India LPG Distributors...
More »Accounts of PSU oil companies under scrutiny -Siddharth
-The Times of India The finance ministry has ordered a scrutiny of the books of oil marketing companies to see if the under-recoveries stated by them are in order or not. The move was initiated at the behest of finance minister P Chidamabram, who asked his officers to look into the issue even before diesel prices were raised and a cap on subsidized cooking gas cylinders was announced last week. The exercise...
More »Reform by transparency
-The Business Standard Gas cylinder cap has lessons for the future Of all the decisions that the United Progressive Alliance government took last week to end a long period of policy paralysis, the one that has caused the least provocation to opposition political parties is the annual capping of the supply of subsidised cooking gas cylinders. This is surprising, as its net effect on a householder’s annual budget will likely be substantial....
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