A Parliamentary Panel has "deplored" the government for capping the supply of subsidized LPG to 6 cylinders per households, saying that such restrictions should not be placed on people having income below a threshold.
Looking into the current situation on the China boarder, IOC has stocked up enough winter-grade fuel for the region. With army movements increasing, the demand for this fuel is expected to increase multifold from the 350 metric tonnes last winter.
Indian growth in the rest of this fiscal year and next will be propelled by robust domestic consumption as consumer confidence improves, and by investment, including large increases in government capital expenditure, according to the Asian Development Outlook September 2023. "As slowing exports could foment headwinds for the economy, and erratic rainfall patterns are likely to undermine agricultural output, the growth forecast for FY2023 is revised down marginally to 6.3 per cent," ADB said.
Amit Shah wants to increase the party's nationwide vote share by at least 10 per cent from the 37.7 per cent it secured five years ago and ensure above 50 per cent vote share in the states where it came close to that benchmark, but couldn't cross it.
The BJP had reacted strongly to their letter, accusing the former officials of trying to spread misinformation and create an atmosphere of distrust in the country.
Aviation Turbine Fuel, or ATF, price at Delhi was cut by Rs 3,025.34 per kilolitre, or 4 per cent, to Rs 71,800.21 per kl, according to Indian Oil Corp, the nation's largest fuel retailer.
Congress, Samajwadi Party, Trinamool Congress, Bahujan Samaj Party and Left MPs stormed into the Well of the House, saying the people were being cheated.
The saving in 2015-16 was about Rs 7,000 crore.
Petrol and diesel prices were on Tuesday hiked by 80 paise a litre while domestic cooking gas prices were increased by Rs 50 per cylinder, ending an over four-and-half month election-related hiatus in rate revision, sources said. Petrol in Delhi will now cost Rs 96.21 per litre as against Rs 95.41 previously while diesel has gone up from Rs 86.67 per litre to Rs 87.47. Simultaneously, the price of a non-subsidised LPG cylinder has been increased to Rs 949.50 for each 14.2-kg bottle in the national capital.
This is the second postponement of the DBT launch in LPG. It was initially planned to be introduced from January 1.
IOC has asked consumers to book LPG refill through IVRS or SMSes so that refills reach genuine users.
At present, around 12 per cent of around 190 million rural households today use LPG to meet their cooking energy needs.
The cap on cylinders would burden the Centre, which will need to compensate the states for the increased cooking fuel cost.
The government on Tuesday ruled out any further increase in diesel and cooking fuel prices even though the current retail rates are lower than their cost of production.
'The wife will not only abuse her husband for giving her less money, but also abuse the government.' 'Look at the price of a cooking gas cylinder, it is Rs 1,200.'
The Congresshas announced a three-phased campaign, "Mehngai-mukt Bharat Abhiyaan".
The government on Monday constituted an inter-ministerial task force under UIDAI chairman Nandan Nilekani for evolving mechanisms to provide direct subsidies on kerosene, cooking gas and fertilisers to intended beneficiaries.
Taking suo moto cognisance of reports of the Centre's move -- ahead of Gujarat assembly polls -- to increase the cap on subsidised LPG cylinders, the Election Commission has directed it to stop the same forthwith. The Commission held an emergency meeting soon after the Minister of Petroleum and Natural Gas M Veerappa Moily said the government will raise the cap on the supply of subsidised cooking gas to nine cylinders per household a year from six at present.
From all indications, Sunil Kanugolu is here to stay, though whether his magic will help the Congress in the northern states in the Lok Sabha elections remains to be seen, wonders Aditi Phadnis.
Before the monsoon begins, let your system stock up on enough panna.
The Oil Ministry has proposed a Rs 3-4.50 per litre hike in diesel price and Rs 100 in LPG rates along with raising the number of subsidised cooking gas cylinders for households to nine a year from the current cap of six.
Oil companies begin pilot testing work on direct LPG subsidy.
The relaxation would be available only to those beneficiaries who have been credited with the advance for buying the cylinder but have not been able to purchase the refill.
CNG prices in Mumbai may have to be hiked by about Rs 16 per kg and piped cooking gas by Rs 10 after government decided to divert some of its cheaper domestic gas to Gujarat.
Underrecovery from sensitive petroleum products seen at Rs 1,55,000 cr in current fiscal.
Petroleum ministry expects that this would encourage the rich and affluent also to voluntarily give up the subsidised LPG.
Govt looks to take cooking gas to tiger reserves, Naxal-hit areas
The price of non-subsidised cooking gas (LPG) was on cut by Rs 21 per cylinder and that of jet fuel (ATF) by a steep 3 per cent on the back of falling international oil rates.
The price of liquefied petroleum gas cylinders across all categories, including subsidised LPG, was on Wednesday hiked by Rs 25 per cylinder -- the third straight increase in rates in less than two months.
Petroleum Minister Mani Shankar Aiyar on Thursday denied having presented to the Cabinet a proposal for raising LPG and kerosene prices.
Oil PSUs, which at the beginning of the fiscal were losing Rs 670 crore (Rs 6.7 billion) per day on selling diesel, domestic cooking gas LPG and kerosene at government controlled rates, are now losing Rs 372 crore (Rs 3.72 billion) a day, industry sources said.
Rajnath Singh outlined the major measures and initiatives taken by the Modi government to provide basic needs to people of India, including providing homes, building toilets to end open defecation, electricity, cooking gas and focusing on infrastructure development.
In a move that could potentially irk New Delhi, China has offered to supply liquified petroleum gas to Nepal after gifting fuel to ease the crisis in the country, hit by acute fuel shortage due to a blockade at key border trade points with India.
ATF or jet fuel price has been cut marginally while rate of non-subsidised cooking gas LPG has been hiked by Rs 27.50 a cylinder.
Though Modi did not name any person or organisation, the ruling BJP has been critical of a section of human rights groups, including those with a global presence, for allegedly highlighting cases of HR violations selectively and in a one-sided manner to target the government.
"There is no immediate plan to decontrol diesel or LPG as they have cascading effect (on general prices)," Minister of State for Petroleum and Natural Gas R P N Singh told reporters in New Delhi.
President Gotabaya Rajapaksa on Monday fired Basil Rajapaksa from his post and invited the Opposition parties to join a unity Cabinet to tackle the raging public anger against the hardships caused by the economic crisis.
A 14.2-kg subsidised LPG cylinder will cost Rs 494.99 in Delhi, while non-subsidised LPG rates have been cut by a steep Rs 120.50 per cylinder
Perhaps the change brought about in the cooking gas economy will not lose its momentum if the next government proves forward-thinking enough to improve on one of the UPA's solid achievements.
In a race to woo voters with freebies ahead of the upcoming state assembly elections, Punjab Congress chief Navjot Singh Sidhu on Monday promised Rs 2,000 per month for women homemakers if his party returns to power.
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