-The Economic Times The government's decision to cap supply of subsidised cooking gas cylinders to six a year would be difficult to implement and encourage black marketing, oil industry officials said.   There could be an opportunity to divert cheaper cylinders from customers whose yearly consumption is less than six refills, industry officials said. According to the oil ministry 44% of consumers take six cylinders or less in a year. All India LPG Distributors...

-The Hindustan Times In the face of public outrage over a series of unpopular fiscal steps such as hike in Diesel prices and cap on LPG, the government plans to come out with two feel-good initiatives — the food security bill and health cover for all. The UPA’s flagship National Food Security Bill would give 67% of the population (nearly 800 million people) a legal right to foodgrains at less than half the...

-The Economic Times The government is pushing ahead with long-awaited reforms to boost finances of cash-strapped power utilities and to reduce food subsidy by raising the price of sugar in ration shops, but the cabinet meeting to consider these moves has been deferred to next week. Sources said the government was also considering a proposal to increase the dearness allowance for central government employees by about 7%. This should come as a...

-PTI In a marginal relief to consumers, the government on Friday abolished import and excise duties on LPG cylinders they buy beyond the 6 per annum quota of subsidised cooking gas, and asked state governments to subsidise the requirements of households at their level. The government had last week restricted supply of subsidised cooking gas to 6 per household in a year. Any requirement beyond this was to be purchased at market...

-The Times of India The opposition-sponsored Bharat bandh demanding a rollback of the government's decision to hike Diesel prices, cap subsidised cooking gas cylinders and allow foreign direct investment in multi-brand retail has evoked mixed response across the nation. Besides the NDA and the Left, the Thursday shutdown has the support of parties like the Samajwadi Party, the TDP, the BJD and many others. In Tamil Nadu, the DMK, which is an ally...