A day after the steepest ever petrol price hike of Rs. 7.54 sparked protests by UPA allies and Opposition parties in several parts of the country on Thursday, there were strong indications that the government would cushion the blow for the common man. Petrol prices may come down by Rs. 3-4 a litre in the next few days as state governments readied plans to slash local taxes and oil companies...
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Govt to provide direct subsidy on kerosene
-PTI Government today said it planned to provide direct subsidy to beneficiaries of kerosene oil and a pilot project in this regard in Alwar district of Rajasthan was yielding good results. "Direct subsidy on kerosene is planned in future ... We have to move towards it. It will be done using UID cards... We are benefiting from the pilot project," minister of state for Petroleum and natural gas RPN Singh said in...
More »Cooking gas and kerosene subsidies call for urgent reform
-The Economic Times Open-ended consumption subsidies on Petroleum products have wrought havoc on government finances. Reportedly, the trio of public sector oil marketing companies have of late blocked some 3.8 million parallel household connections of liquefied Petroleum gas (LPG), in a bid to rationalise the subsidy outgo. The move to weed out multiple LPG connections does make sense. But we need to keep the big picture in mind and overhaul the pricing and...
More »Odisha to submit 12th Plan document to Centre
-The Business Standard The Odisha government expects to send the comprehensive document for the 12th Plan (2012-17) to the Centre by the end of June this year. Ahead of submission of the document to the Centre, the department of planning & coordination has urged all administrative departments to submit their respective reports for compilation of the 12th Plan, listing their priorities and thrust areas, by May 31. “We will be submitting the 12th...
More »Petrol may rise Rs 5/litre, diesel Rs 3
-The Times of India Get ready to pay more for fuels shortly. The hike is likely to kick in soon after Parliament's budget session ends on May 22. In a clear indication of the inevitable, finance minister Pranab Mukherjee on Wednesday warned of "disastrous consequences" if "corrective steps" were not taken to deal with the problem of high oil prices and seemingly endless subsidy. "Petroleum prices are increasing by leaps and bounds....
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