Govt targets 1 cr consumers to give up LPG subsidy

Last Updated: Sunday, March 29, 2015, 12:02

Modi in his address to a global energy conference last week said that as many as 2.8 lakh people have surrendered LPG subsidy which has led to savings of Rs 100 crore.

Govt may exempt ONGC, OIL from payment of fuel subsidy in Q4

Last Updated: Friday, March 27, 2015, 15:04

The government regulates price of cooking fuels -- LPG and kerosene -- to shield the poor.

India may exempt ONGC, Oil India from paying subsidy in March-quarter

Last Updated: Friday, March 27, 2015, 12:19

India regulates retail prices of liquefied petroleum gas and kerosene to keep prices under check.

WTO members ask India to remove export sops to textiles, apparel

Last Updated: Friday, March 20, 2015, 17:33

WTO member countries including the US, Turkey and Japan, have asked India to phase out export subsidies on textiles and the apparel sectors, Parliament was informed on Friday.

Rs 7,024 crore transferred under LPG cash subsidy scheme

Last Updated: Friday, March 20, 2015, 17:24

Government on Friday said that it has transferred Rs 7,024 crore as cash subsidies to LPG consumers since mid-November 2014 under the PAHAL scheme.

No plans to withdraw LPG subsidy to well off people: Jayant Sinha

Last Updated: Tuesday, March 10, 2015, 16:16

"As on February 23, 2015, approximately 1.46 lakh consumers have voluntarily given up LPG subsidy on their domestic LPG connections," Minister of State for Finance Jayant Sinha said in a written reply in Rajya Sabha.

Oil Ministry to protect ONGC on subsidy payout: Pradhan

Last Updated: Monday, March 9, 2015, 18:39

Oil Ministry is keen to protect state-owned ONGC from subsidy burden in the March quarter as volatility in crude oil prices have taken a hit on its finances, Petroleum Minister Dharmendra Pradhan said today.

Govt seeks Parliament nod for additional Rs 36,953 cr spending

Last Updated: Monday, March 9, 2015, 15:11

The government today sought an approval from Parliament for an additional Rs 36,952.86 crore as the final batch of supplementary demands as part of grants for 2014-15 to meet the expenditure, mainly towards CST compensation to states and higher outgo for food subsidy.

Govt should engage more pvt banks in subsidy schemes:Assocham

Last Updated: Monday, March 9, 2015, 14:28

More private sector banks should be engaged in the agency business of the central and state governments for speedy implementation of various subsidy schemes, according to industry body Assocham.

Govt notifies export subsidy of Rs 4,000/tonne for raw sugar

Last Updated: Thursday, March 5, 2015, 15:40

The government today notified fixed subsidy of Rs 4,000 a tonne for export of up to 1.4 million tonnes of raw sugar in the ongoing 2014-15 marketing year (October-September).

PDS kerosene, LPG subsidy scheme extended till March 2015

Last Updated: Wednesday, March 4, 2015, 22:24

The Cabinet Committee on Economic Affairs (CCEA) Wednesday approved extension of the PDS Kerosene and Domestic LPG Subsidy Scheme and Freight Subsidy (for far-flung areas) Scheme for a further period of one year.

Over 81% of LPG consumers join PaHaL scheme

Last Updated: Wednesday, March 4, 2015, 21:34

More than 81 percent of the 14.5 crore LPG consumers have joined a scheme to get cash subsidy in their bank accounts, the oil ministry said Wednesday.