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 linked to Aadhaar and banks have been asked to get ready for the launch," said one official.
A consumer will have to get his or her bank account seeded with Aadhaar number for getting the LPG subsidy. The annual subsidy per consumer is estimated at Rs 4,000. The supply of subsidised LPG cylinder has been capped at 9 cylinders per year for a consumer....
more
12:41 PM, Apr 28, 2013
New Delhi: The government may take a final decision on Monday on blending of prices of imported coal and domestically-produced fuel or price pooling of coal. "The Cabinet Committee on Economic Affairs (CCEA) may meet on April 22 to discuss coal price-pooling," a government official said. Price-pooling is the averaging of prices of domestic and imported coal to get a uniform feedstock price. Finance Minister P Chidambaram had earlier said...
01:25 PM, Apr 21, 2013
New Delhi: Even as he described the industrial growth figure for February as "very low", Planning Commission Deputy Chairman Montek Singh Ahluwalia took heart that it was not in the negative, and expressed confidence that India's economic growth would be higher in the current fiscal. "I think it (IIP growth in February) is consistent to what we have been saying that 2012-13 was not a good year and (the economic...
04:03 PM, Apr 12, 2013
New Delhi: Planning Commission Deputy Chairman Montek Singh Ahluwalia on Wednesday said the benchmark price for spectrum auction is "unrealistic" and favoured lowering of reserve price as the previous two attempts to sell airwaves were "unsuccessful". "Spectrum is a national resource. We had two unsuccessful attempts to auction it. It's quite clear that reserve price is too high. "What actually I suggested is that we have a choice, we can...
01:07 AM, Apr 11, 2013
New Delhi: West Bengal Chief Minister Mamata Banerjee on Tuesday cancelled her meeting with Prime Minister Manmohan Singh, citing ill health, highly placed sources said in Delhi. "She was supposed to meet the prime minister. But it was cancelled as she was not well," a highly placed source said. Sources said her blood pressure had gone down so she had to cancel the meet. The chief minister had earlier faced...
03:13 AM, Apr 10, 2013
New Delhi: The Planning Commission on Tuesday approved West Bengal's annual Plan of Rs 30,314 for the current fiscal, which is 17 per cent higher than the outlay for 2012-13, meeting the state's expectations. The annual plan size of Rs 30,314 crore was approved after a meeting between Planning Commission Deputy Chairman Montek Singh Ahluwalia and West Bengal Chief Minister Mamata Banerjee in the capital. The Rs 30,314-crore Plan size...
10:31 PM, Apr 09, 2013
West Bengal Finance Minister Amit Mitra was heckled by activists of Students Federation of India (SFI) in Delhi on Tuesday as he tried to enter the Yojna Bhawan. ...
06:24 PM, Apr 09, 2013
New Delhi: West Bengal Chief Minister Mamata Banerjee will be meeting Deputy Chairman of the Planning Commission Montek Singh Ahluwalia in Delhi on Tuesday to discuss the allocation of funds for her state for 2013. Mamata hopes to get a hike of 25 per cent in the plan size compared to 2012's 16 percent. Mamata is also scheduled to meet Prime Minister Manmohan Singh and the CPI(M) claimed the trip...
07:29 AM, Apr 09, 2013
The Cabinet Committee on Investments, which was set up in January for clearing major infrastructure projects, is expected to give its nod for a number of projects within the next three weeks, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said. "My hope is that the Cabinet Committee on Investment in the course of next two to three weeks, will demonstrate that a number of (infrastructure) projects can get cleared,"...
01:14 PM, Mar 30, 2013
Terming the current account deficit at 6.7 per cent of GDP in the December quarter as "far too high", Planning Commission Deputy Chairman Montek Singh Ahluwalia on Thursday said the country needs a strategy to deal with the problem. ...
03:46 AM, Mar 29, 2013
Bihar Chief Minister Nitish Kumar met Finance Minister P Chidambaram and Planning Commission Deputy Chairperson Montek Singh Ahluwalia on special status for Bihar on Monday. ...
01:22 PM, Mar 18, 2013
Arvind Kejriwal, Mohandas Pai, Wharton School, business schools, Wharton India Economic Forum, Narendra Modi, Montek Singh Ahluwalia, Aam Aadmi Party ...
12:43 PM, Mar 13, 2013
Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday expressed hope that inter-ministerial differences would be sorted out paving the way for Tatas to set up airline company in collaboration with Malaysian budget carrier AirAsia. ...
03:10 PM, Mar 11, 2013
India has all the requirements to return to a GDP growth rate of 8 per cent in the coming years, Deputy Chairman of the Planning Commission Montek Singh Ahluwalia said, while highlighting that current account deficit is a big problem right now. ...
11:38 AM, Mar 07, 2013
Deputy Chairman of the Planning Commission Montek Singh Ahluwalia lauded P Chidambaram's suggested measures during the Budget speech on Thursday and said the Finance Minister cleared up many doubts in the mind of foreign investors that could invite more investments and boost economy. He also said that Chidambaram's efforts will be able to achieve fiscal deficit of 4.8 per cent by 2014. ...
09:51 PM, Mar 03, 2013
Deputy chairman of the Planning Commission Montek Singh Ahluwalia said he is hopeful that the much delayed Goods and Services Tax (GST) will be implemented across the country no later than next year while speaking to Karan Thapar on Devil's Advocate. ...
10:27 AM, Mar 02, 2013
Gujarat Chief Minister Narendra Modi will be one of the keynote speakers at the prestigious Wharton India Economic Forum to be held in Philadelphia in March. The BJP leader would deliver key note address to the prestigious meet through video conference, the organisers announced. ...
01:50 PM, Mar 01, 2013
Indian economy would grow at a rate of between 5 and 5.5 per cent in current fiscal and could expand by 7 per cent in 2013-14, said Plan panel Deputy Chairman Montek Singh Ahluwalia. ...
11:27 AM, Feb 17, 2013
Planning Commission deputy chairman Montek Singh Ahluwalia on Monday said it was not possible to grant Bihar the status of a special category state but its special package can be improved. ...
02:20 AM, Feb 05, 2013
