-The Economic Times   Reacting strongly to the hike in the prices of diesel , kerosene and LPG, farmers across the country have contended it would have adverse affects on the agriculture sector and even prompt them to end their occupation. Petroleum Minister S Jaipal Reddy announced of a hike in the price of LPG (liquefied petroleum gas) cylinders by 50 rupees on Friday. Apart from the price of LPG, the federal government's...

Every family below poverty line may get over Rs 400 per month from the government from April next year in lieu of fuel subsidy for kerosene and liquefied petroleum gas cylinders as part of India's first direct cash transfer scheme.   The move, which is expected to be considered by Empowered Group of Ministers (EGoM) on June 9, is aimed at checking use of kerosene for fuel adulteration and reduce financial...

The government plans to restrict subsidised domestic LPG cylinders to six per household every year. For additional cylinders, consumers will have to pay the market price. Data show 65-70 per cent of households use 5-6 cylinders (14.2 kg) a year, while the remaining use more. In Calcutta, PSU oil marketing firms suffer a loss of Rs 329.73 by selling an LPG cylinder at Rs 365.10. A senior oil ministry official said the proposal...

The government is considering several options to rationalise the subsidy on cooking gas such as excluding income tax payers from getting subsidised cylinders, limiting availability per household and higher prices for urban customers to provide this clean fuel in rural areas. “Those who can afford must pay the full price, while subsidised LPG should be made available to the poor,” an oil ministry official said adding that the ministry has...

KEY TRENDS  • The new Cohort-based Migration Metric (CMM) shows that inter-state labor mobility averaged 5-6.5 million people between 2001 and 2011, yielding an inter-state migrant population of about 60 million and an inter-district migration as high as 80 million @* • The first-ever estimates of internal work-related migration using railways data for the period 2011-2016 indicate an annual average flow of close to 9 million migrant people between the states. Both these estimates are significantly greater than the...