-The Economic Times NEW DELHI: Big-ticket investment projects worth Rs 1.1 lakh crore, stuck for years for want of myriad government clearances, have finally got the green signal to start operations. The Centre has unravelled last-mile hurdles holding up 28 such projects at a time Prime Minister Manmohan Singh has identified the government's primary task as reinvigorating confidence in the Indian economy, with domestic players having virtually abandoned fresh investments. The clearances would...
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Direct benefit transfer scheme for LPG to be extended to 35 more districts-Sujay Mehdudia
-The Hindu Following good response to the LPG direct benefit transfer scheme, the Petroleum and Natural Gas Ministry on Monday decided to extend it to 35 more districts from September 1, taking the total coverage to 55 districts. The scheme had met with considerable success in the 20 districts it was launched. Under the scheme, consumers get their subsidy directly in their bank accounts. The decision to include 35 more districts would...
More »GET READY FOR HIGHER FOOD PRICES
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...
More »LPG distributors want government to delay Direct Cash Transfer scheme -Mitul Thakkar & Shreya Jai
-The Economic Times NEW DELHI: It is not only the opposition parties but cooking gas distributors also want the UPA government to delay the implementation of direct benefit transfer of liquefied Petroleum gas (LPG) scheme. They fear there would be problems and errors in meeting the stiff timelines as authorities rush to transfer cash directly to the bank accounts of 14 crore consumers before general election next year. "The government is in...
More »Despite concerns, government to roll out Aadhaar-based cash transfer from Jan 1 -Sidhartha & Surojit Gupta
-The Times of India NEW DELHI: The government is all set to announce a national rollout of direct benefit transfer (DBT) of cooking gas subsidy in Aadhaar-using states from January, despite oil marketing companies pointing out several shortcomings in the current system. The decision was taken at a meeting convened by Petroleum minister VeerappaMoily on Tuesday and a formal announcement is expected in the next few days, senior government officials told TOI....
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