The start of March will bring about several significant changes that will affect numerous aspects of daily life. Updates to the regulations about nominations, LPG cylinder prices, FD rates, UPI payments these are among the modifications that will take effect on March 1, 2025. Here's a breakdown of the key changes. Watch here
News Highlights: We have demanded that the process to start the formation of the Government should begin, says Champai Soren. Following Hemant Soren’s resignation, Champai Soren, the state’s transport minister, was designated as his successor.
Chotu and Munna are Indian Oil’s smaller LPG (liquefied petroleum gas) cylinders, with 5kg and 2 kg capacities, respectively. The company launched Chotu in the North East in 2020
The QR code will be pasted on the existing cylinders while it will be welded on the new ones.
Each of the commercial LPG cylinders will now cost Rs 2,219 in Delhi as against Rs 2,355.50 earlier.
Banerjee, following her arrival here from Kolkata on Saturday, told reporters that thousands of people, especially women, will assemble at Darjeeling More at 1 pm to join the protest march.
Kirana stores could soon be selling free-trade 5-kg LPG cylinders (FTL) if the Ministry of Petroleum and Natural Gas gives its consent to a request by state-owned oil companies in a bid to cut down on the illegal sale of cylinders, reports the Financial Express.
This will result in a saving of about 21,90,000 LPG cooking cylinders annually, besides providing bio-manure to reduce the use of chemical fertilisers. There would be a saving of about 10,000 tonnes of urea, the release said.
However, government has launched an initiative for such LPG consumers to voluntarily give up their subsidy, he said. In reply to a different question, the minister said that components of cash subsidies are transferred to individuals or institutions in their bank accounts electronically on DBT platform.
The questions we are asking today is does this stand worry corporate India, or is it reality that it is willing to live with. Before that, will this general election see the AAP become more than just a Delhi phenomenon and go national?
Moily, who last week said there was no proposal to increase the quota, today said he will consult Finance Minister P Chidambaram and move the Cabinet Committee on Political Affairs (CCPA) on the issue.
Finance Minister P Chidambaram had last week stated that there were demands from "several chief ministers" for raising the quota of subsidised cylinders and the government "will look into" them.
The Supreme Court on Tuesday refused to modify its interim order on the Aadhaar card not being mandatory for essential services. The government fears that it will impact the rollout of the direct benefit transfer scheme.
Tamil Nadu Chief Minister Jayalalithaa today blamed the Centre's "wrong" economic policies for the spiralling prices of essential commodities and said there is an immediate need for change in pricing of petro products.
BJP today criticised the government's decision to allow oil marketing companies to hike diesel rates and demanded its rollback, saying it will have a cascading effect on prices.
The oil ministry has made a proposal to cabinet to raise diesel prices and increase the number of subsidised cylinders available to households to nine a year from the current cap of six, two oil ministry sources said on Wednesday.
Amit Rustagi, analyst at Antique Stock Broking expects government to hike diesel prices by Rs 2-3 per litre, but rules out a staggering price hike over a long period. He also feels that government may subsidise prices of LPG cylinder in the near term.
RK Singh, CMD, BPCL explains on CNBC-TV18 that the staggered hike in diesel prices bodes well for the oil and gas industry. He adds that if the government plans to increase the cap on LPG cylinders it be supported by a corresponding increase in the price of LPG.
India Ratings believes industrial sectors such as cement, chemicals, paper, capital goods, steel and trading, which are the worst impacted by rupee depreciation, may have enjoyed a temporary reprieve from September to mid-October 2012 when the Indian rupee (INR) gained strength.
Amid the controversy over cap on subsidised LPG cylinders, Prime Minister Manmohan Singh today said the government recognises that some subsidy has to be given for rural poor for cooking gas and electricity as part of its endeavour to give access to energy to all.
In marginal relief to consumers, the government today abolished import and excise duties on LPG cylinders they buy beyond the six per annum quota of subsidised cooking gas, and asked state governments to subsidise the requirements of households at their level.
Trinamool Congress ministers have sought an appointment with Prime Minister Manmohan Singh for submitting their resignation tomorrow.
Nirmal Bang has come out with its report on LPG cylinders. The research firm retained hold rating on ONGC, Oil India and GAIL (India).
The Reserve Bank today termed the government decision to hike diesel prices a "significant achievement", but said the move will put pressure on inflation in the short term.
CRISIL Research has come out with its report on fuel price hike. According to the research firm, the reduction in underrecoveries will have a marginally positive impact on oil PSUs and the government.