New Delhi: Six days into the launch of Direct Benefit Transfer (DBT) on LPG, government has disbursed subsidy to the tune of Rs 4.95 crore on transactions of around 1 lakh. Rs 40 crore are expected to be disbursed with the coverage of one million transactions by the month-end, a PMO statement said on Thursday.
Under the scheme, all LPG consumers with Aadhaar numbers and whose bank accounts are seeded with Aadhaar numbers are given an advance amount of Rs 435 per cylinder booked, immediately on booking. The amount is credited automatically in their accounts.
The beneficiaries are be supplied LPG cylinders at the market price and the net effect on them is nil as their net cash outflow is equal to the subsidised price of an LPG cylinder, it said.
The Direct Transfer of LPG subsidy to the bank accounts of LPG consumers began on June one in 18 districts. "In the first three working days of June, over one lakh LPG consumers who have booked cylinders have received the advance. Till the evening of June four, 1.145 lakh DBT transactions amounting to Rs 4.95 crore were transacted....
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07:58 PM, Jun 06, 2013
New Delhi: Direct transfer scheme for LPG cylinder subsidy has come into force from June 1. Under the scheme, the government will transfer Rs 435 directly in the bank accounts of LPG consumers in 18 districts of the country. Consumers will get the money each time they book for an LPG refill. These consumers then will have to buy cooking gas at market price. The government hopes to save Rs...
09:20 AM, Jun 01, 2013
New Delhi: Petrol price was on Monday was hiked by 75 paisa per litre and diesel by 50 paisa a litre as rupee hit 11-month low making oil imports costlier. The increase in rates, which are excluding local sales tax or VAT, will be effective from midnight tonight, Indian Oil Corp, the nation's largest oil firm, said. Petrol price in Delhi was hiked by 90 paisa to Rs 63.99 a...
08:36 PM, May 31, 2013
New Delhi: The Cabinet on Thursday cleared direct benefit transfer on LPG subsidy. The scheme was to be introduced on January 1, but was postponed two times, most recently because only 13 per cent of Aadhaar numbers among the beneficiaries chosen for the launch areas had bank accounts. Under a pilot project for LPG subsidy transfer, 20 districts in the country will be covered by May 15. While about 32...
09:49 PM, May 09, 2013
New Delhi: The price of non-subsidised LPG cylinders was cut by Rs 54 per bottle on Tuesday. The move came just hours after petrol price was slashed by Rs 3 per litre, effective from midnight. On April 1, the price of non-subsidised cooking gas was reduced by Rs 3 per cylinder in line with fall in international rates. The government had in September 2012 fixed a quota of six subsidised...
11:35 PM, Apr 30, 2013
New Delhi: The government plans to provide subsidy to 14 crore LPG subscribers directly in their bank accounts from October 1, using the Aadhaar payment platform. The government, official sources said, has decided to launch "Direct Benefit Transfer (DBT) for LPG throughout the country tentatively from October 1". "This (transfer of LPG subsidy) would require a much larger number of beneficiaries to be covered for opening of bank accounts and...
12:41 PM, Apr 28, 2013
Bangalore: The bomb blast near the state BJP city office that left at least 16 people injured indicated the hand of terrorists and state police has set up a special team to investigate the attack, Karnataka Chief Minister Jagadish Shettar said on Wednesday. "By tomorrow or day after, details will be known about the incident and appropriate action will be taken in this regard," he told reporters after visiting the...
01:21 AM, Apr 18, 2013
A blast near the BJP office in Malleshwaram in Bangalore on Wednesday left 16 people injured including eight policemen. The explosion reportedly took place near a temple just metres away from the BJP headquarters. ...
11:54 PM, Apr 17, 2013
3:40 pm: The Home Ministry confirms that the Bangalore blast was a terror attack. 2:39 pm: 11 policemen have been injured in the Bangalore blast, say sources. 2:30 pm: Home Minister Sushil Kumar Shinde says, "Have constituted an enquiry into the Bangalore blast under the Special Secretary of Home department. I will have interaction with the Karnataka government and the police." 2:16 pm: Mumbai put on high alert after Bangalore...
12:48 PM, Apr 17, 2013
Bangalore: A blast near the BJP office in Malleshwaram in Bangalore on Wednesday left 16 people injured including eight policemen. The explosion reportedly took place near a temple just metres away from the BJP headquarters. Bangalore Police said that several cars have been damaged in the low intensity blast including a police vehicle. The police added that the cause of the blast in not known yet. The blast comes weeks...
11:08 AM, Apr 17, 2013
New Delhi: Finance Minister P Chidambaram on Friday asked banks to gear up for the rollout of direct cash subsidy scheme to cooking gas (LPG) consumers throughout the country. "I have asked them (bankers) to get ready for the rollout of LPG for the whole country," Chidambaram told reporters after a meeting with senior PSU bankers in New Delhi. As a pilot project, the government has decided to give cash...
07:43 PM, Apr 12, 2013
New Delhi: The government is planning to start transferring the subsidy for cooking gas in cash under the direct benefit transfer scheme, Finance Minister P Chidambaram said on Saturday. Addressing a media conference in Delhi, Chidambaram said he would soon meet Petroleum Minister Veerappa Moily and sort out the issues related to the direct cash transfer for liquified petroleum gas (LPG). "We want to quickly move the LPG subsidy to...
03:52 AM, Apr 07, 2013
New Delhi: Indian Oil Corporation (IOC) on Thursday cut price of retail diesel in Delhi by 4 paise per litre with effect from Monday, while subsidised LPG rate was hiked by Rs 11.50 per cylinder in the city. Earlier on March 22, diesel price was hiked nationwide by 45 paise per litre, excluding VAT. It was the third increase in the rate of nation's most consumed fuel since January, 2013....
01:44 PM, Apr 04, 2013
The price of non-subsidised cooking gas (LPG) was on Monday reduced by Rs 3 per cylinder in line with fall in international rates. A 14.2-kg LPG cylinder that consumers will have to buy after they exhaust their enhanced quota of 9 subsidised bottles in a year, will cost Rs 901.50 from Monday, according to Indian Oil Corp (IOC). ...
04:39 PM, Apr 01, 2013
Hyderabad: Three more persons on Sunday succumbed to their injuries taking the toll in Friday's explosion at a house in Ranga Reddy district's Vikarabad town to six today. One woman succumbed to burn injuries at a government hospital. Aged around 35 years, Taslima Begum, undergoing treatment at Gandhi Hospital died on Sunday, police said. Two others, identified as Iliyas (9) and Amina Begum (aged around 21), were also among those...
01:00 AM, Mar 25, 2013
The price of the non-subsidised LPG cylinders were on Saturday slashed by Rs 37.5 per barrel, even as the price of diesel for bulk consumers was hiked by almost Re one per litre. The bulk consumers of diesel include the railways, transport undertakings, defence and industries like cement, mines and others. ...
06:09 PM, Mar 02, 2013
When Finance Minister P Chidambaram stands up to present his government's annual Budget on February 28, the biggest quandary he will face is: "What can I say in the next two hours that will boost both the demand for credit and its supply?" ...
06:10 AM, Feb 28, 2013
Finance Minister P Chidambaram will present one of the most highly anticipated budgets of recent years on Thursday, a blueprint for austerity that forms the centrepiece of India's efforts to stave off a damaging credit ratings downgrade. ...
04:54 AM, Feb 28, 2013
Finance Minister P Chidambaram is planning to cut the public spending target for fiscal 2013/14 by up to 10 per cent from this year's original target, in what would be the most austere budget unveiled in recent history as he tries to avert a sovereign credit downgrade. ...
04:34 AM, Feb 28, 2013
The Indian economy is likely to grow between 6.1 per cent and 6.7 per cent while the revival is expected to be slow in the near future, according to the Economic Survey tabled by the government in Parliament on Wednesday, a day before Finance Minister P Chidambaram presents Union Budget 2013-14. ...
12:23 PM, Feb 27, 2013
