-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...
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Building euphoria-Himanshu Upadhyaya
-Frontline But in Modi's Gujarat the difference between development and darkness is all too visible to those who care to see. NARENDRA MODI may have won three consecutive elections and ruled Gujarat for more than a decade after he was posted there almost as a night watchman, to borrow a cricketing expression. He may have mobilised a massive fan following that is shouting to catapult him into the Prime Minister's post,...
More »LPG subsidy in your bank accounts from Oct 1
-PTI The government plans to provide subsidy to 14 crore LPG subscribers directly in their bank accounts from October 1, using the Aadhaar payment platform. The government, official sources said, has decided to launch "Direct Benefit Transfer (DBT) for LPG throughout the country tentatively from October 1". "This (transfer of LPG subsidy) would require a much larger number of beneficiaries to be covered for opening of bank accounts and linked to Aadhaar and...
More »Consumers face fresh power tariff hikes -Utpal Bhaskar and Aman Malik
-Live Mint Government rejects coal price pooling, moves closer to allowing projects assured fuel linkages by CIL to import coal The government rejected a proposal to pool coal prices and instead moved a step closer to allowing power projects that had been awarded through competitive bidding and assured fuel linkages by state-owned miner Coal India Ltd (CIL) to import the fuel and pass on the incremental costs as higher electricity tariffs. Price pooling...
More »LPG direct cash transfer scheme likely from July 1
-The Hindu The government is gearing up for the next big leap under the Direct Cash Transfer (DCT) scheme to bring a huge number of nearly 14 crore LPG consumers under its ambit. The scheme, which is likely to be launched from July 1, is aimed at directly putting the subsidy component of the domestic cylinder into the bank account of the consumers to eliminate the leakages in the system and address...
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