-The Business Standard Under-recovery estimated to touch Rs 1.5 lakh cr in FY14 due to rising crude oil prices & falling rupee The fall in the rupee to a new low this week has made the government jittery, as the under-recovery on petroleum products is threatening to touch Rs 150,000 crore in 2013-14, despite phased diesel decontrol and capping of subsidised cooking gas cylinders. According to the petroleum ministry's estimates, for every rupee...

-The Hindustan Times Biting the bullet on a tough reform measure, the government on Thursday took a politically sensitive decision to double natural gas prices to $8.4 (about Rs. 510.13) per unit from April 1 next year. This move will push up the price you pay for everything from food items to public transport. On the positive side, the decision is expected to attract foreign investors in the energy sector as the...

-The Business Standard Till now, govt has transferred Rs 41 crore to bank accounts of LPG consumers in 'select' districts With the direct benefit transfer (DBT) for liquefied petroleum gas (LPG) almost completing a month, the scheme has so far roped in more than one million consumers getting direct cash transfers to their bank accounts in 18 districts across the country. Till now, the government has transferred Rs 41 crore to the accounts...

-The Times of India CHENNAI: A tight vigil against diversion of subsidized fuel meant for domestic use seems to be paying off. The consumption of liquefied petroleum gas (LPG), commonly called cooking gas, has started to dip since government capped sale of subsidized cylinders to every household and for the first time ever, sales have fallen for two successive months in comparison to the corresponding period of the previous year. Consumption...

-The Hindu Switching to renewable energy sources in the country's midday meal programme will save millions of rupees. But only a few kitchens are doing anything about it, says the author. This is a story of facts and figures and sheer size. Of an auditorium-sized room dense with hot steam from cooking. Of seven tonnes of cooked rice and four tanker-loads of steaming sambar that needed 70 pairs of hands for cutting...