-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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Oil subsidy expected to balloon-Shine Jacob
-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...
More »When expedience trumps expertise-Ramachandra Guha
-The Hindu Uttarakhand reiterates that our rulers have contemptuous disregard for the advice of the best scientists and would rather listen to contractors and builders to whom they are beholden for funds In the early 1980s, while doing research on the environmental history of Uttarakhand, I sometimes visited the library of the Wadia Institute of Himalayan Geology in Dehradun. Most of the journals in the library dealt with geology and earth sciences,...
More »Natural gas price doubled, may trigger price rise -Anupama Airy
-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...
More »Direct benefit transfer for LPG crosses 1-million mark-Shine Jacob
-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...
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