LPG subsidy not to be taxed: Finance Ministry

Last Updated: Tuesday, May 5, 2015, 20:58

Finance Ministry on Tuesday clarified that LPG subsidy received by individuals in their bank accounts will continue to be exempt from income tax.

Taxability of LPG subsidy unclear; experts seek clarification

Last Updated: Monday, May 4, 2015, 15:25

Taxability of LPG subsidy and other direct benefits paid directly into bank accounts of beneficiaries is unclear with tax experts divided on the issue and want an explicit clarification from the government.

Govt to pursue subsidy reforms to contain deficit: Sinha

Last Updated: Tuesday, April 28, 2015, 16:07

Reiterating commitment to stick to the fiscal consolidation road map, the government on Tuesday said it will continue with subsidy reforms and bring down the fiscal deficit to 3.5 percent of the GDP by March 2017.

Govt may extend DBT to some other schemes

Last Updated: Friday, April 24, 2015, 19:43

Government will consider extending Direct Benefit Transfer (DBT) of subsidies to some other central schemes and also include food distribution under the scheme, the Lok Sabha was told Friday.

Anil Ambani gives up LPG subsidy, urges 1L employees to follow

Last Updated: Wednesday, April 22, 2015, 13:01

Heeding to Prime Minister Narendra Modi's call, industrialist Anil Ambani has given up cooking gas subsidies and has urged his group's about one lakh employees to follow suit.

Govt exempts ONGC, OIL from LPG subsidy payments

Last Updated: Tuesday, April 21, 2015, 14:53

In a big boost to domestic oil and gas exploration, the government has decided to exempt state-owned ONGC and Oil India from paying for LPG subsidies in current fiscal, Oil Secretary Saurabh Chandra said Tuesday.

New interest subsidy scheme for farmers on anvil: RBI

Last Updated: Thursday, April 16, 2015, 18:52

A week after the Prime Minister announced higher compensation for damaged crops, the RBI Thursday said a new scheme for interest subvention for farmers is being worked out though it may take "some time".

Govt picks up the tab for ONGC, OIL Q4 fuel subsidy

Last Updated: Thursday, April 16, 2015, 18:31

The government has exempted oil producers ONGC and Oil India Ltd from payment of fuel subsidy in the fourth quarter after the finance ministry agreed to meet all of the revenue loss on fuel sales.

Vedanta Group asks employees to give up subsidised LPG

Last Updated: Wednesday, April 8, 2015, 14:54

The move comes close on heels of Tata Group requesting its employees to voluntarily consider giving up use of subsidised LPG.

"Give it up", PM Modi asks better-offs to forgo LPG subsidy

Last Updated: Friday, April 3, 2015, 21:33

Prime Minister Narendra Modi on Friday coined a new slogan - "give it up" - to exhort the better off sections of society to forego their LPG subsidy that can be utilised in providing subsidised LPG connections to the poor.

WCL reports growth after a gap of five years

Last Updated: Friday, April 3, 2015, 16:13

WCL dispatched 41.25 MT coal, registering a growth of 3.3 per cent over 39.95 MT in the corresponding period.

Nudge staff to give up LPG subsidy: PM to banks, corporates

Last Updated: Thursday, April 2, 2015, 13:46

Modi had recently launched 'Give It Up' campaign, asking well-off people to surrender their LPG subsidy.There are about 15.3 crore LPG consumers in the country.