-The Business Standard A decision has been taken to gradually initiate Aadhaar and non-Aadhaar based LPG subsidy transfer through the OMCs Having capped subsidised LPG cylinder to six, the government plans to move to a single price for domestic LPG by directly transferring subsidy to consumers with or without Aadhaar number. A committee of officials from ministries of petroleum, banking, expenditure, finance and UIDAI will prepare a white paper on the modalities...
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IOC cuts petrol price by 56 paise
-The Times of India Market leader IndianOil on Monday reduced petrol price by 56 paise to pass on to consumers the benefit of the rupee's growing strength against the dollar in recent times. The fuel will cost Rs 67.90 a litre at IndianOil's pumps in Delhi against Rs 68.46 due to higher incidence of state tax while the price in Mumbai will come down by 71 paise to Rs 74.43 a litre....
More »LPG price up by Rs 11.42 after dealer commission is marked up; petrol, diesel rates may go up
-PTI The price of liquefied petroleum gas (LPG) used as cooking gas has been increased by Rs 11.42 per cylinder after the government decided to raise the commission paid to dealers. Petrol and diesel prices may also go up marginally as the oil ministry is thinking of raising the dealers’ commission by at least 23 paisa and 10 paisa a litre respectively. On Friday, the ministry issued orders raising the commission paid to...
More »Effort to save midday meals
-The Telegraph Union minister Kapil Sibal has promised measures to ensure that the Centre’s curbs on cooking-gas subsidy would not derail the midday meal scheme that serves eight crore children in 12 lakh elementary schools. The Telegraph had reported on Wednesday that self-help groups had stopped preparing midday meals in over 50 primary schools in North 24-Parganas since Monday saying they could not afford the cylinders’ new price. Chief minister Mamata Banerjee had...
More »Bigger, not better
-The Business Standard Flawed govt policy is forcing car makers to shift to SUVs Over the next few months, Maruti Suzuki, Tata Motors, Ford, General Motors and Mahindra & Mahindra will launch new sports utility vehicles (SUVs). That’s because the market for SUVs is booming. Sales have grown 57 per cent in the first five months of this financial year (to 207,000 units), while passenger car and van sales have fallen...
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