-The Hindu     Recommends six subsidised LPG cylinders per household in a year The Government-appointed Kirit Parikh Committee has recommended a price increase of Rs. 5 per litre in diesel, Rs. 4 per litre in kerosene, and Rs. 250 in LPG cylinder with immediate effect. It has also recommended that the subsidised LPG cylinders be reduced from the present nine to six cylinders per annum to each household. It has pitched for capping the...

-The Hindu "Only subsidy and not service has been made conditional on providing the Aadhaar number" The Supreme Court order on Aadhaar is expected to provide relief to more than 24 lakh people in 20 districts who would have got locked out of access to subsidised LPG gas cylinders, for not having valid UID cards that are linked to banks. The court in its interim order had said that no one should be...

-The Times of India MUMBAI: There is some good news for homemakers. Oil marketing companies have introduced a new 'star rating' system for cooking gas dealers, which will ensure that LPG cylinders are refilled within a stipulated period of time. A dealer failing to provide refills on time risks losing his rating and even his licence if the delivery is not made in eight days. In the most-privileged category are the dealers...

The declining trend in food price inflation globally may not hold true for inflationary trends faced domestically due to a weakening Indian Rupee vis-a-vis the US Dollar. The recently released FAO Food Price Index (nominal) has shown a declining trend in July for the third consecutive month owing to lower international prices for grains, soy & palm oil, meat, dairy and sugar. (See links below) Based on FAO Food Price...

-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...