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Oil Cos Resume Issuing Subsidised LPG Connections

-Outlook After a few weeks of hiatus, state-owned oil companies have resumed issuing new subsidised cooking gas (LPG) connections, beginning with North Eastern states. In September, issue of new LPG connections had been put on hold pending a massive nationwide exercise to eliminate users having multiple connections at the same address. The three oil PSUs have now started releasing new LPG connections in Meghalaya, Sikkim, Nagaland and Andaman & Nicobar Islands, said Indian...

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Odisha Opposes Direct Cash Transfers to Backward Areas

-Outlook An Odisha minister today dubbed as impractical direct electronic cash transfer of subsidies to beneficiaries in backward regions. "How can it be possible when a large number of people in Odisha do not have bank accounts?" Odisha's Food minister P K Deb questioned. "The basic objective of the public distribution system to arrest hunger among the poor will be defeated if the beneficiaries are provided cash instead of cheap food," the minister...

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Hint of LPG cap review

-The Telegraph An outcry against the LPG policy at the day-long Surajkund Congress conclave today forced Veerappa Moily to assure the party of some relaxation on the cap of six subsidised cylinders. As most speakers disagreed with the cap and stressed that it could impact the party’s poll fortunes, the Petroleum minister said: “We are already examining the matter. I will consult the Prime Minister and the finance minister and see how...

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Cap on subsidized LPG may go after persistent demands

-The Times of India The government may raise the annual cap of six cylinders on subsidized cooking gas after the Petroleum minister faced persistent demands from Congress leaders at the party conclave in Surajkund on Friday. The limit on subsidized LPG cylinders could go up to nine cylinders, and to 12 closer to elections. While Congress had in September expressed discomfiture with the decision to put a limit on subsidized cylinders, it...

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Sebi asked for details on RIL-RPL deal in insider trading case-Anirudh Laskar, Aman Malik and Khushboo Narayan

-Live Mint Information commission asks Sebi to disclose details of consent order proceedings, identities of entities involved  Mumbai/New Delhi: The Central Information Commission (CIC) has directed India’s stock market regulator to disclose all details related to the insider trading case involving Reliance Petroleum Ltd (RPL) in 2007, in a move that could have a bearing on not just the functioning of the Securities and Exchange Board of India (Sebi), but also the...

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