-The Hindu Financial burden has to be assessed before scheme is extended to higher income groups: Chandy Consequent on the Congress party’s core committee recommendation to raise the number of subsidised LPG cylinders from six to nine a year, the Kerala government on Wednesday announced that the additional three subsidised cylinders would be targeted at the BPL (below the poverty line) category on the basis of the consumption pattern in 2011-12. Addressing a...
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Absence of proper mechanism may hit gas cylinder delivery, say distributors -Richa Mishra
-The Hindu Business Line Threaten to stop deliveries if system not in place by month-end The Government may have to take some quick decisions if it wants smooth delivery of domestic LPG cylinders. The All India LPG Distributors’ Federation today said that if the Government and the oil marketing companies fail to come up with a proper enforcement mechanism by the month-end, then effective October 1, the distributors would be left with no...
More »Government likely to raise LPG cap from six to 10 cylinders: sources
-CNN-IBN The Centre is considering a partial rollback of the cap on subsidised LPG. It is considering raising the limit on the number of subsidised LPG cylinders from six to ten cylinders per household per year, say sources. A section of the Congress and its allies - the Trinamool Congress, NCP and DMK have been demanding a rollback of the cap on LPG cylinders. Sources say Finance Minister P Chidambaram and Petroleum Minister...
More »Subsidy bill may touch 2.4% of GDP: FM
-The Indian Express The subsidy bill in the current financial year is expected to rise to 2.4 per cent of the GDP from 1.9 per cent estimated in the Budget, Finance Minister P Chidambaram said today. "The estimated major subsidies in 2012-13 would be around 2.4 per cent of GDP," he said while intervening in a discussion at the meeting of the Full Planning Commission to approve the 12th Plan draft document. The...
More »Powered by diesel, utility vehicles sedans in sales -Ketan Thakkar
-The Times of India For the first time in the history of Indian automobiles, cumulative sales of utility vehicles (UVs) have overtaken those of sedans - all three-box cars, from the entry-level to the super-luxury segment - in the first five months of the fiscal year 2012-13. New launches such as the Mahindra XUV500, Maruti's Ertiga and Renault's Duster pulled in buyers still looking to benefit from the huge price differential...
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