-The Hindu In yet another move to curb wasteful expenditure after launching an austerity drive in Ministries, Central departments as also autonomous bodies, Finance Minister Pranab Mukherjee on Thursday pitched for streamlining the delivery mechanism for distributing subsidised commodities such as food ration, cooking gas and all other targeted government schemes for the ‘Aadhaar' platform. In a letter to Chief Ministers of 16 States and Union territories, Mr. Mukherjee said: “...given the...

Desired outcomes can be reached through a series of ‘imperfect’ small initiatives What is to be done? How can we untie the Gordian knot that has so entangled the political economy of petroleum product prices? This is the question that now exercises our most experienced politicians and our ablest economists. Most well informed people know that a country that imports 80 per cent of its oil requirements cannot de-link itself from the...

-The Business Standard Govt cannot delay increasing diesel, LPG prices Petroleum Minister Jaipal Reddy, speaking after a ministerial-level meeting on inflation on Monday, said that the government had no immediate plans to raise the administered prices of diesel, kerosene and domestic LPG (liquefied petroleum gas). This comes after oil marketing companies raised the price of petrol last week by Rs 7.50 per litre, an increase of 12 per cent. Mr Reddy’s...

-PTI Government today said it planned to provide direct subsidy to beneficiaries of kerosene oil and a pilot project in this regard in Alwar district of Rajasthan was yielding good results. "Direct subsidy on kerosene is planned in future ... We have to move towards it. It will be done using UID cards... We are benefiting from the pilot project," minister of state for petroleum and natural gas RPN Singh said in...

-The Economic Times Open-ended consumption subsidies on petroleum products have wrought havoc on government finances. Reportedly, the trio of public sector oil marketing companies have of late blocked some 3.8 million parallel household connections of liquefied petroleum gas (LPG), in a bid to rationalise the subsidy outgo. The move to weed out multiple LPG connections does make sense. But we need to keep the big picture in mind and overhaul the pricing and...