Lpg Subsidy

Govt to spend more on food, fertiliser subsidies, MGNREGA in run up to elections: Source

Despite the additional spending on account of subsidies, the Centre is confident of meeting the fiscal deficit target of 5.9 percent of GDP.

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Centre mulls additional LPG subsidy of up to Rs 30,000 crore: Sources

The additional subsidy amount will be "over and above" the budget earmarked for the Centre's landmark Ujjwala scheme, sources told CNBC TV-18.

BPCL creates separate platform for LPG subsidy: Report

The acquired government’s stake in BPCL will run a direct benefit scheme namely Pratyaksha Hastaantarit Laabh (PAHAL) and provide government’s subsidy in beneficiaries’ bank accounts. For this purpose, a separate platform has been developed by the company.

Are govt claims of savings on LPG fuel subsidy overstated?

The CAG in its observations has indicated that less than Rs 2,000 crore is the kind of savings made on account of the ambitious direct benefit transfer (DBT) or Prime Minister Modi‘s pet â€œgive it upâ€ campaign and that Rs 20,000 crore savings has come merely on account of the crash in crude prices, thereby reducing the import cost of LPG.

More steps on the anvil for expenditure efficiency: Lavasa

Government is looking at ways to improve expenditure management for judicious utilisation of resources while continuing with the pace of public spending to keep the economy moving, Finance Secretary Ashok Lavasa said

LPG subsidy in bank accounts has saved Rs 15,000 crore: PM

Prime Minister Narendra Modi said the Centre's policy of giving LPG subsidy directly in consumers' bank accounts has saved the country Rs 15,000 crore last year.

Top 10 policy reforms that rocked 2015

Crucial bills such as the Goods and Service Tax (GST) Bill and the Land Bill may not see the light of the day in 2015, but the government most definitely was not sitting idle

DBT scheme saves Rs 14,672 cr on LPG subsidy in a year:Govt

The duplicate/fake connections were blocked under the direct benefit transfer scheme, called PAHAL.

Amitabh Bachchan gives up LPG subsidy

Bachchan is the latest to join the #GiveItUpMovement where users who can afford to pay market price, opt out of scheme to get LPG cylinders at subsidised rates.

PM's 'Give It Up' on LPG subsidy saves Rs 140 cr for govt

According to the government, over 20,000 people are giving up their subsidy daily, and the estimated money saved by government is Rs 140 crore.

Govt to pay Rs 12/litre kerosene subsidy, full for LPG

The Finance Ministry will pay Rs 12 per litre in cash to state-owned fuel retailers and any unbridged gap between the retail selling price and the cost of production will be borne by upstream companies like ONGC, he said. Currently, oil companies sell kerosene at a loss of about Rs 18 per litre.

Jalan panel on expense management to submit report by Dec

The government had set up the Commission under the former RBI Governor in August last year to suggest steps to reduce subsidies on food, fertiliser and oil and narrow the fiscal deficit.

LPG subsidy not to be taxed: Finance Ministry

The clarification follows doubts being raised by tax experts over an amendment in Finance Bill, 2015 that expanded the definition of taxable income to include subsidies, grants, cash incentive and duty drawback.

PM appeals to well off people to give up subsidised LPG

As many as 2.80 lakh people has responded positively...and this will lead to a saving of at least Rs 100 crore. This Rs 100 crore can be utilised for the welfare of poor", Modi said while speaking at the 'Urja Sangam' here.

Full Text: President's joint address to Parliament

In this New Year full of aspirations and hope, I welcome you to the Joint Sitting of the Two Houses of the Parliament with the belief that your deliberations will be productive and useful.

Oil cos, govt may split LPG subsidy sharing 50:50

Sources say the PMO has already agreed to share the subsidy burden 50:50 and taking this forward, the oil ministry is now arguing that the same rationale should be applied for diesel and kerosene.

Move to hike LPG cylinder cap will hit working capital: IOC

Oil minister Veerappa Moily on Friday had said that the cap would be raised. This followed Congress leader Rahul Gandhi‘s speech at the AICC session in which he proposed that the government should raise the cap.

RIL Q3 above expectations; target at Rs 1,027/sh: IIFL

The house has a buy rating on the stock with a target price of Rs 1027 said Prayesh Jain in an interview to CNBC-TV18

Direct LPG subsidy transfer starts in Mandi; 1st phase over

The game-changer programme of transferring cooking gas (LPG) subsidy directly to consumers was today extended to Mandi district in Himachal Pradesh, completing the first phase of the scheme that has crossed 3 million transactions since its launch two months ago.