(PTI) Cooking gas (LPG) subsidy has jumped by over 60 per cent in last two months as the government maintains price line despite rising international rates, Indian Oil Corp (IOC) Chairman Sanjiv Singh said. All LPG consumers have to buy fuel at market price. The government, however, subsidises 12 cylinders of 14.2-kg each per households in a year by providing the subsidy amount directly in bank accounts of users. “Subsidy amount (transferred in bank accounts) was Rs. 159.29 per cylinder in May and it was raised to Rs. 204.95 in June and to Rs. 257.74 per cylinder this month,” he said.The higher subsidy was meant to keep…
Author: Aruna Sharma
(AU) 26 जनवरी 2019 गणतंत्र दिवस परेड में अमेरिकी राष्ट्रपति डॉनल्ड ट्रंप भारत के मुख्य अतिथि हो सकते हैं। टाइम्स ऑफ इंडिया ने सूत्रों के हवाले से खबर दी है कि भारत ने अगले साल 2019 गणतंत्र दिवस की परेड में मुख्य अतिथि के तौर पर अमेरिकी राष्ट्रपति डॉनल्ड ट्रंप को शिरकत करने का न्योता दिया है। हालांकि भारत अभी अपने इस न्योते पर अमेरिका की आधिकारिक प्रतिक्रिया का इंतजार कर रहा है। टाइम्स ऑफ इंडिया की रिपोर्ट के मुताबिक भारत ने अमेरिका को यह न्योता अप्रैल माह में भेजा है। बताया जा रहा है कि ट्रंप प्रशासन भारत के न्योते पर…
(PTI) With an aim to ensure that right quantity and quality of fuel is dispensed at petrol stations, oil marketing company HPCL would automate all its petrol outlets by December, a top company official said here today. The company has about 15,000 outlets across the country and currently 9,000 pump stations have been automated, Hindustan Petroleum Corporation Ltd, Executive Director, TR Sundararaman said. “Our plan to automate (all the pumping stations) before this December. (By then) all the 15,000 retail outlets of HPCL will be automated. Benefits for the customer is that he gets assurance on the quality and quantity of fuel dispensed,”…
(LiveMint) India’s factory output growth slowed to a seven-month low in May while retail inflation quickened to a five-month high in June, signalling a worsening macro-economic environment. Data released by the statistics department showed the index of industrial production (IIP) grew at 3.2% in May compared with a revised 4.8% growth a month ago while Consumer Price Index (CPI) based inflation accelerated by 5% in June against 4.87% in the preceding month. A surge in crude oil prices, weakening rupee and increase in minimum support price (MSP) of summer-sown crops by the government are further expected to put upward pressure on…
(LiveMint) The Enforcement Directorate (ED) has sought a special court’s permission to seize and sell assets of absconding jewellers Nirav Modi and his uncle Mehul Choksi under the Fugitive Economic Offenders Ordinance. The agency filed an application under Section 12 of the ordinance at the Prevention of Money Laundering court in Mumbai on Wednesday to confiscate their properties in India, the UK and the United Arab Emirates. ED has also asked the court to declare Modi and Choksi as fugitives. The uncle-nephew duo are being probed by various agencies after a ₹14,356 crore fraud at Punjab National Bank came to light in February. Modi, whose celebrity clients…
(FE) NTPC, currently high on solar energy plans, has shelved the plan to sell its Kayamkulam facility (Rajiv Gandhi Combined Cycle Power Station – RGCCPS) to the Kerala government. It was the Union power ministry that had first mooted sale of RGCCPS-Kayamkulam to the Kerala government. In fact, Union power minister Piyush Goyal and Kerala power minister MM Mani had even arrived at an in-principle understanding on the sale before price became a contentious issue. The plant faced poor demand arising out of high cost of production. Rise in prices of naphtha, the fuel used in the plant, has been…
(FE) Ruling out a single rate GST, Chief Economic Advisor Arvind Subramanian today pitched for a three rate structure going forward as revenues stabilise. He said Goods and Services Tax is a “work in progress” and there is a need for further simplification of rates with fewer exemptions and simpler policies. “In India, we can never have one rate. I had recommended a standard rate and one for demerit good, one for low rate. I think, in India, the debate should be about ‘why can’t we have three’, rather than ‘why not one’,” Subramanian said at an NCAER event here.Under the…
(TOI) A police investigation is on after a after a thatched shed of ONGC, where construction materials were kept, was set on fire by unidentified miscreants, near Muthupettai in Tiruvarur district on Wednesday. Police said the shed was set up to store materials like 1500 of cement, by a man contracted to work for ONGC. The authorities have reportedly begun the process of extracting natural oil and gas in Idumbavanam, Mangalanayagipuram villages near Muthupettai area in Tiruvarur district.
(AU) झारखंड में आदिवासियों का दर्द सहलाने के बाद भाजपा के राष्ट्रीय अध्यक्ष अमित शाह बृहस्पतिवार को पटना पहुंच रहे हैं। इस दौरान ज्ञान भवन में उनकी भाजपा कार्यकर्ताओं के साथ तीन-तीन बैठकें होंगी, जबकि सुबह नाश्ते व रात में खाने पर उनकी मुलाकात मुख्यमंत्री नीतीश से होनी तय है। इससे ये संभावना बन रही है कि बृहस्पतिवार को बिहार की चुनावी तस्वीर पूरी तरह स्पष्ट हो जाएगी। सूत्रों की माने तो जदयू कार्यकारिणी के बाद सीट बंटवारे पर हुई बयानबाजी के आधार पर शाह दोनों पार्टियों को साथ मिलकर काम करने की सहमति बनाने वाला फार्मूला लेकर आ रहे…
(FE) The NITI Aayog has suggested to the Ministry of Petroleum and Natural Gas that eligible beneficiaries receiving subsidy on liquefied petroleum gas (LPG) should rather be given a ‘cooking subsidy’ through direct benefit transfer (DBT). While 4.6 crore LPG connections released under the Pradhan Mantri Ujjwala Yojana (PMUY) have led to smoke-free kitchens in rural India, the NITI Aayog in a note to the ministry said the ‘subsidy’ attached to LPG is creating distortions in adopting cleaner forms of fuel. The note advocates that piped natural gas (PNG) is the most efficient form of fuel in urban areas and…