-Livemint.com New system to settle dues to fertilizer firms within a week, record detailed transaction data at time of sale New Delhi: The direct benefits transfer (DBT) scheme for fertilizers that will go on trial in eight districts this month will not entail what its name suggests— the transfer of cash to farmers’ bank accounts. Under the direct transfer of liquefied petroleum gas (LPG) subsidy, customers pay the entire amount for cooking...
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CAG differs with Oil Ministry on calculation of estimated LPG subsidy savings -Tito Das
-The Hindu Business Line New Delhi: The Comptroller and Auditor General of India has found the estimated savings on account of Direct Benefit Transfer of LPG in 2015-16 to be lower than that of the Ministry of Petroleum and Natural Gas, primarily because of the differences in assumption of key variables. In a report titled ‘Implementation of PAHAL (DBTL) Scheme’ tabled in the Lok Sabha on Friday, the CAG found that the...
More »What’s cooking? -Richa Mishra and Debabrata Das
-The Hindu Business Line The PMUY scheme, under which the poor get subsidised LPG connection, addresses an urgent need. At the same time, it can turn out to be a political masterstroke for the BJP, write Richa Mishra and Debabrata Das The kitchen has always played an important role in Indian politics. Leaders across political parties have cooked their electoral fortunes with the kitchen as the integral ingredient. While some distributed highly...
More »Soon, submit income tax return copy to get LPG subsidy -Amitav Ranjan
-The Indian Express The IT Act forbids the income tax department from sharing income details of an assessee unless the Central government specifies an officer, authority or body to receive the data to perform his or its functions under a law. Soon you will have to submit a copy of your income tax return (ITR) every year to the LPG dealer to claim subsidy on cooking gas cylinders. With the voluntary GiveItUp...
More »Clearing the air on LPG -Siddharth George & Arvind Subramanian
-The Indian Express Several questions have been raised about our estimates of the savings from the DBT scheme for cooking gas. But all parties accept that the programme reduced subsidised sales by 24 per cent. Direct cash transfers have the potential to improve the economic lives of the poor by transferring benefits to households quickly and directly. Achieving these benefits requires thoughtful design of schemes, and careful, rigorous analysis of ongoing...
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