EGoM to discuss cap on subsidised LPG cylinder on July 12
Concerned over the impact of the consumption of subsidised LPG cylinder, Finance Ministry today said that the Empowered Group of Ministers (EGoM) will meet on July 12 to discuss whether there should be a cap on subsidised LPG cylinders, reports CNBC-TV18 quoting sources
July 11, 2011 / 19:31 IST
Concerned over the impact of the consumption of subsidised LPG cylinder, Finance Ministry today said that the Empowered Group of Ministers (EGoM) will meet on July 12 to discuss whether there should be a cap on subsidised LPG cylinders, reports CNBC-TV18 quoting sources.
The panel and the Expenditure Department have already proposed capping of subsidised cylinders. In fact, sources say the department had proposed 6-8 subsidised cylinders per year.The EGoM meeting is slated for tomorrow to consider recommendation of the Task Force on Direct Transfer of Subsidies on Kerosene, LPG and Fertiliser. Sources said if approved, every household will get only 4-6 LPG cylinders at subsidised price of Rs 395.35 in Delhi and they will have to pay market price of about Rs 710 per bottle for any requirement beyond that.The limited supply of subsidised LPG would be for those who own a car, two-wheeler, house or figure in the income-tax list.Sources said the EGoM may approve launch of pilot projects to test direct transfer of cash subsidy to the targeted populations in few states.Seven states- Tamil Nadu, Assam, Maharashtra, Haryana, Delhi, Rajasthan and Orissa have been identified for launch of the pilot projects from October, according to the road map suggested by the Unique Identification Authority of India (UIDAI).(With inputs from PTI)Also read: Diesel, kerosene and LPG price likely to be hiked by July
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