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India saved $2 bn by reforming fuel subsidiary delivery, says Pradhan

Jul 02, 2015

India saved $2 bn by reforming fuel subsidiary delivery, says Pradhan

Noting that $8 billion was spent on LPG subsidy previous year, Pradhan claimed the steps taken by thegovernment has reduced LPG subsidy to $6 billion. #Economy #TheySaidIt #LPG #Aadhar #Dharmendra Pradhan #Jan Dhan Yojana
Subsidised LPG sales under DBT down by 25%, says Arvind Subramanian

Jul 02, 2015

Subsidised LPG sales under DBT down by 25%, says Arvind Subramanian

Under Pahal, earlier known as DBT, LPG cylinders are sold at market rates and consumers get the subsidy directly in their bank accounts. This is done either through an Aadhaar or a bank account linkage. #Economy #NewsTracker #Aadhaar #Arvind Subramanian #Direct Benefit Transfer #Jan Dhan #PAHAL #LPG subsidised cylinders
ATF price raised by 7.5%; non-subsidised LPG to cost Rs 10.50 more

Jun 01, 2015

ATF price raised by 7.5%; non-subsidised LPG to cost Rs 10.50 more

While the market priced or non-subsidised 14.2-kg cylinder will cost Rs 626.50 from today, the in 5-kg pack will cost Rs 318.50. #Economy #NewsTracker #Indian Oil #LPG #Hindustan Petroleum #Bharat Petroleum #ATF #Aviation Turbine Fuel
ONGC, OIL free from subsidy if average oil price is $60/barrel

May 22, 2015

ONGC, OIL free from subsidy if average oil price is $60/barrel

The difference between the cost and the retail selling price is borne by the government by way of cash subsidy and upstream producers like ONGC and Oil India. #Economy #NewsTracker #ONGC #GAIL #LPG #Kerosene #Oil India #Fuel Subsidy #Dinesh K Sarraf #Ratan Watal
Finance ministry sanctions Rs 5,223 cr fuel subsidy for IOC, BPCL

May 22, 2015

Finance ministry sanctions Rs 5,223 cr fuel subsidy for IOC, BPCL

The fuel retailers had lost a total of Rs 72,314 crore on selling diesel (up to 17 October), LPG and kerosene at government rates, which were way below cost in 2014-15. #finance ministry #NewsTracker #ONGC #Indian Oil #LPG #Diesel #Kerosene #Hindustan Petroleum #Bharat Petroleum #Oil India #Fuel Subsidy
Non-subsidised LPG rate cut by Rs 5, jet fuel rates marginally raised

May 01, 2015

Non-subsidised LPG rate cut by Rs 5, jet fuel rates marginally raised

Price of non-subsidised LPG was on Friday cut by Rs 5 per cylinder even as jet fuel (ATF) rates were marginally raised in step with global trend. #NewsTracker #Jet fuel #ATF #non-subsidised LPG #domestic cooking gas
Modi is ending UPA's oil mess, but cannot remain a fair weather deregulator

Apr 22, 2015

Modi is ending UPA's oil mess, but cannot remain a fair weather deregulator

The government's decision to free ONGC from having to subsidise LPG this year is good, but this decision cannot depend on the vagaries of global oil prices. Deregulation cannot be brought in or abandoned based on convenience #ONGC #LPG Subsidies #Dharmendra Pradhan #Oil Price Deregulation #Windfall Profits Tax
Centre mulls auction of ONGC, Oil India oil fields to private firms

Apr 14, 2015

Centre mulls auction of ONGC, Oil India oil fields to private firms

The ministry is reasoning the auctioning of the marginal fields to they being uneconomic for a large firm with huge overheads to develop or bring to production. Smaller firms with a fraction of operating cost can develop them at a much faster and economic rate. #CAG #NewsTracker #ONGC #LPG #Kerosene #Oil India #CCEA #New Exploration Licensing Policy
Dear PM Narendra Modi, here's why I will not be giving up my LPG subsidy

Apr 10, 2015

Dear PM Narendra Modi, here's why I will not be giving up my LPG subsidy

A political party and its followers who threw a fit when the UPA government decreased the number of subsidized LPG cylinders now want everybody to renounce subsidy. #Narendra Modi #ConnectTheDots #LPG #LPG cylinders #NDA Government #LPG subsidy
PM asks better-offs to forgo LPG subsidy, help the poor get gas connections

Apr 03, 2015

PM asks better-offs to forgo LPG subsidy, help the poor get gas connections

"Give it up" campaign should be taken up on the lines of "Swacch Bharat" and "Beti Bachao, Beti Padhao initiatives, Modi said. #Economy #UPA #BJP #Narendra Modi #NewsTracker #LPG subsidy