-IANS They added that the price hike would be an intolerable burden on the people The CPI-M Thursday denounced as "totally unjustified" the hike in prices of unsubsidized gas cylinders and asked the government not to link LPG supply with Aadhar cards. The Communist Party of India-Marxist said the price hike of Rs.220 on every unsubsidized liquefied petroleum gas cylinder by oil companies "will be an intolerable burden on people". "Since there is a...
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Rs 2,000 Cr Sent to Accounts of 40 Mn Consumers of LPG
-Outlook In the last six months, the Government has transferred over Rs 2,000 crore in the accounts of 40 million consumers under the Direct Benefit Transfer for LPG (DBTL) scheme in 184 districts. "The scheme thus far has been a stupendous success with more than 40 million cash transfers to the consumer's bank accounts. A total sum of over 2,000 crore has been transferred in these high Aadhaar coverage districts providing direct...
More »CBI to probe Vedanta head over PSU selloff
-The Times of India NEW DELHI: Launching a probe in a deal done during NDA regime, the Central Bureau of Investigation (CBI) has registered a preliminary enquiry against Vedanta Group chairman Anil Agarwal and unknown officials in connection with alleged irregularities in the disinvestment of Hindustan Zinc Ltd (HZL). Agency suspects that the loss caused to the exchequer due to the alleged irregularities runs into hundreds of crores of rupees due...
More »WPI inflation surges to 14-month high of 7.52% -Somesh Jha
-The Business Standard Food prices rise 19.93% year-on-year in November The wholesale price inflation continued to show an uptick in November as it casts a shadow over possibility of a rate cut by the Reserve Bank of India in its upcoming monetary policy review. The Wholesale Price Index (WPI), a measure of inflation at wholesaler's level, rose to 7.52% in November from 7% a month ago mainly due to continued rise in vegetable...
More »No rethink on subsidised LPG: Moily
-The Business Standard Oil minister says Parikh report sound but government has to take realities into account; to proceed with Direct Benefits Transfer in 291 districts from January despite SC order Union petroleum minister M Veerappa Moily said there'd be no raising of the present cap on the number of subsidised cooking gas (LPG) cylinders a household was entitled to in a year. In the wake of severe electoral reverses for the ruling...
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