-The Times of India NEW DELHI/MUMBAI: Prime Minister Narendra Modi's magic appears to be working well among cooking gas consumers. With a little assistance from state-run fuel retailers. Between 30,000 and 40,000 households are giving up LPG subsidy daily in response to a countrywide door-to-door campaign launched by the oil marketers to capitalize on the prime minister's call to 'Give It Up'. The result is nothing but magical in a country used to...
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NSSO: 73% of rural Bihar use kerosene for lighting -Mahendra K Singh
-The Times of India NEW DELHI: For all the subsidy flowing towards selling kerosene through the public distribution system, it now emerges that the fuel is hardly being used in kitchens across India - in towns as well as villages - but remains a key source for lighting lamps and lanterns in rural areas, which either lack power connections or don't get adequate supply. The latest survey released by the National Sample...
More »Only 0.35% domestic LPG users gave up subsidy
-PTI Three months after Prime Minister Narendra Modi launched the ‘Give It Up’ campaign, only 0.35 per cent of the domestic LPG consumers have so far given up using subsidised cooking gas. At a review meeting chaired by Oil Minister Dharmendra Pradhan last week, it was informed that just over 5.5 lakh out of the 15.3 crore LPG consumers have so far voluntarily surrendered subsidised LPG and started buying the cooking fuel...
More »Highlights of Economic Survey 2014-15
-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...
More »Government eliminates regulatory control over non-PDS kerosene
-Business Standard The move will reduce demand for diverted PDS kerosene by improving availability of non-PDS kerosene in the open market The petroleum ministry on Tuesday announced that the government has freed regulatory control over storage, transportation and sale of kerosene sold outside of the public distribution system (PDS). To facilitate the move, aimed at increasing availability of white or market-priced kerosene, the government has amended the kerosene (restriction on use and fixation...
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