SUBSIDIES

  • PDS kerosene, LPG subsidy scheme extended till March 2015 March 5, 2015

    New Delhi: The Cabinet Committee on Economic Affairs (CCEA) on 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. Under the scheme, Government provides a subsidy of Rs 22.58...
  • Cash subsidy to LPG consumers has stopped leakages: PM Modi March 1, 2015

    New Delhi: Prime Minister Narendra Modi on Sunday said the landmark scheme to give LPG consumers cash subsidy instead of selling to them below market priced cooking gas has stopped leakages, saving thousands of crores of rupees. The use of technology has helped transfer of cash subsidy to the actual users...
  • Government may back off fertiliser subsidy reform in Budget 2015 February 28, 2015

    New Delhi: Investors looking for India's budget on Saturday to tackle fertiliser subsidies are likely to be disappointed, because sources say the government plans to largely maintain the current regime. The government was widely expected to deregulate urea prices after freeing up diesel following a fall in crude prices, but two...
  • Food subsidies need overhaul to curb losses: Economic Survey February 27, 2015

    New Delhi: India's food subsidy regime needs to be overhauled with direct cash transfers to rein in losses in the public distribution of dietary staples to the poor, the Economic Survey said on Friday. The Economic Survey, the basis for Finance Minister Arun Jaitley's 2015/16 budget on Saturday, said reform of...
  • Union Budget 2015 may back off fertiliser subsidy reform February 27, 2015

    New Delhi: Investors looking for India's budget on Saturday to tackle fertiliser subsidies are likely to be disappointed, because sources say the government plans to largely maintain the current regime. The government was widely expected to deregulate urea prices after freeing up diesel following a fall in crude prices, but two...
  • Food subsidy of Rs 8,228 crore released to 5 states under NFSA February 24, 2015

    New Delhi: Under the National Food Security Act, the Centre has released Rs 8,228.01 crore so far this fiscal, to five states where procurement of grains is decentralised. In a written reply to the Lok Sabha, Minister of State for Food Raosaheb Patil Danve informed that five states -- Bihar,...
  • Direct Benefit Transfer for LPG world's largest direct benefit transfer scheme February 5, 2015

    New Delhi: As many as 10 crore LPG consumers have joined the ambitious scheme of getting cash subsidy in bank accounts to buy market priced cooking fuel, making it the world's largest direct benefit transfer and helping end black marketing. Congratulating the beneficiaries and officials for the task achieved in just...
  • Budget 2015: Finance Minister keen to stop LPG subsidy to the 'non-deserving'; to decide on eligibility criteria February 2, 2015

    New Delhi: The upcoming Budget by BJP-led NDA government may have roadmap for Liquified Petroleum Gas (LPG) subsidy rationalisation. According to sources Union Finance Minister Arun Jaitley is keen to stop LPG subsidy to the 'non-deserving'. The minister will be deciding the eligibility criteria for availing the LPG subsidy. The sources...
  • Centre urges MPs, CMs to give up subsidised LPG cylinders to cut government's subsidy bill January 13, 2015

    New Delhi: In a move to cut the government's subsidy bill, Petroleum Minister Dharmendra Pradhan has called on VIPs to give up their subsidy on LPG gas cylinders. Pradhan is expected to write to Members of Parliament across party lines. According to sources, he has already spoken to three chief...
  • Aadhaar not mandatory for LPG subsidy; bank account sufficient: Government December 15, 2014

    New Delhi: Government on Monday made it clear that Aadhaar number was not mandatory for transfer of subsidy amount of LPG cylinder and the option of providing a bank account is also available under the Direct Benefit Transfer of LPG (DBTL). Petroleum Minister Dharmendra Pradhan informed Lok Sabha that under the...
  • Government may do away with LPG subsidy for rich: Finance Minister Arun Jaitley November 21, 2014

    New Delhi: Government is considering doing away with the LPG subsidy for the well-off, Finance Minister Arun Jaitley said on Friday. "The next important decision India will have to take is whether people like me...(are) entitled to get our LPG subsidy," he said at the HT Leadership Summit in New Delhi. "I...
  • Give full subsidy, halt tariff hike: Karunanidhi to Jayalalithaa September 25, 2014

    Chennai: Opposing the proposed power tariff hike, DMK President Karunanidhi on Thursday asked Tamil Nadu Chief Minister Jayalalithaa to bridge the revenue deficit of Rs 6,854 crore of state-run power utility TANGEDCO by giving it the whole amount as subsidy. He said that Jayalalithaa's assurance of additional subsidy to protect the...
  • 'India's farm subsidy well below WTO cap of 10 pc' September 11, 2014

    New Delhi: India's farm subsidies are well below the WTO's cap of 10 per cent and the developed world should move ahead with finding a permanent solution for stock piling of grains for food security purposes, an official said. According to a WTO filing, India has given a total farm subsidy...
  • Food security: South Africa backs India's stance at WTO September 7, 2014

    New Delhi: South Africa supports India's stance at WTO on public food stock holding issue as developing nations have responsibility to ensure that "those who are not able to feed themselves" are brought under the food security net, said South African High Commissioner to India FK Morule. "The developing countries which...
  • Government has no plans to rationalise LPG, kerosene subsidy: Dharmendra Pradhan September 4, 2014

    New Delhi: Minister of State for Petroleum and Natural Gas Dharmendra Pradhan said that the Narendra Modi government has no plans of rationalising LPG and kerosene subsidy, but has hinted at linking the Prime Minister's Jan Dhan Yojana to provide direct subsidies to consumers. Speaking exclusively to CNNIBN, Pradhan said...
  • Delhi: LG Jung approves electricity subsidy; to benefit 84 lakh consumers September 3, 2014

    New Delhi: Lt Governor Najeeb Jung on Wednesday approved the power subsidy of up to Rs 1.20 per unit which will benefit around 84 per cent or 28 lakh of the total electricity consumers in the city. Delhi's Power Secretary Arun Goel said the subsidy will be effective from August...
  • Modi must adopt painful reforms to push growth: Chinese daily August 18, 2014

    Beijing: To maintain high growth rate in India in a sustainable way, Prime Minister Narendra Modi must adopt some painful reforms, such as the removal of wasteful subsidies to free up resources, a public policy expert said. Kishore Mahbubani said in an article in the Global Times Monday that Mahatma Gandhi...
  • Oil India June quarter net up 40 per cent at Rs 851.87 crore August 12, 2014

    New Delhi: Stateowned Oil India Ltd (OIL) on Tuesday reported a 40 per cent jump in its June quarter net profit as its net price realisation soared after cut in subsidy. Net profit in AprilJune rose to Rs 851.87 crore, or Rs 14.17 per share, from Rs 609.08 crore, or...
  • Government announces diesel, seed subsidy in droughthit areas August 7, 2014

    New Delhi: With rainfall deficit still prevalent in most parts of the country, government on Thursday announced a diesel subsidy for irrigation in states where rainfall shortage is more than 50 per cent to protect the standing kharif crops. Besides diesel subsidy, the government has raised the...
  • Andhra Pradesh to offer investment subsidy to set up infotech projects August 1, 2014

    Hyderabad: The Andhra Pradesh government announced its new information technology policy on Friday, offering an investment subsidy of 10 per cent (of capital expenditure) for mega projects which employ 5,000 people or more. Entrepreneurs who are women, scheduled castes or scheduled tribe setting up infotech units would get 25 per cent...
  • India will not back WTO protocol unless concerns addressed: Sources July 24, 2014

    New Delhi: India will not support a trade protocol ahead of a July 31 deadline unless concerns about its food subsidies are met, two senior government officials said on Wednesday, a position that threatens to derail a landmark global trade deal. The determination to link its food subsidy programme, aimed at...
  • Tackling subsidy burden with innovative ways tops Oil Ministry's agenda July 6, 2014

    New Delhi: Accusing the previous UPA regime of leaving the coffers dry, Oil Minister Dharmendra Pradhan said that he wanted to tackle subsidy burden on the department in innovative ways. In an exclusive interview to Network18, Pradhan on Sunday said that the roll out of Direct Benefit Transfer (DBT) is one...
  • 'If I were FM, would increase subsidies for poor people' June 29, 2014

    If I were the finance minister, then I would increase the subsidies for the poor people while reducing the subsidies for the richer section of the population. ...
  • Manjhi government approves Rs 769 crore for diesel subsidy June 24, 2014

    The Bihar government on Tuesday approved Rs 769.06 crore as diesel subsidy for irrigation to meet the challenge of erratic monsoon in the current financial year. A decision to this effect was taken at a meeting of state Cabinet presided over by Chief Minister Jitan Ram Manjhi in Patna. The meeting also...
  • 'Government can cut subsidy bill by 1 pc without causing pain' June 10, 2014

    New Delhi: The government can cut down its subsidy bill by up to 1 per cent of the GDP without causing much pain to people, Principal Economic Adviser, Ministry of Finance, Ila Patnaik said on Tuesday. "I don't think it is (fiscal consolidation) that hard, because when you look at...
  • Ousted Thailand PM indicted over rice subsidy programme May 8, 2014

    Bangkok: Thailand's antigraft commission indicted ousted Prime Minister Yingluck Shinawatra on Thursday on charges of dereliction of duty in overseeing a widely criticized rice subsidy program, a day after a court forced her from office. Yingluck was accused of allowing the rice program, a flagship policy of her administration, to proceed...
  • Delhi: 'AAP government did not set aside fund for its Rs 6 crore power subsidy' March 18, 2014

    New Delhi: The Arvind Kejriwal regime, which ruled Delhi for 49 days, did not allocate any funds to finance the subsidy on electricity for the people of the national capital, the Delhi government told the High Court on Tuesday. The Delhi government submitted an affidavit in court stating that the AAP...
  • BJP moves EC against LIC scheme aimed at 'helping' Nilekani March 15, 2014

    BJP on Friday filed a complaint with the Election Commission against the LIC seeking a ban on its new scheme in Bangalore, alleging it is aimed at propagating the Aadhar card and helping Nandan Nilekani who is contesting Lok Sabha elections from there. In a complaint to the EC, the BJP...
  • Delhi BJP passes resolution against over Rs 300 crore subsidy to BSES February 16, 2014

    New Delhi: After a series of attacks by the Aam Aadmi Party, the Bharatiya Janata Party unit in Delhi hit back on Sunday by moving a resolution against the Rs 323 crore subsidy provided to BSES by the Arvind Kejriwal government. BJP claims that Rs 323 crore was actually allotted for...
  • Ideas 2014: One should have a sense of value, says Kofi Annan on subsidies in India February 6, 2014

    Former UN Secretary General Kofi Annan has warned India against too many populist subsidies. In conversation with CNN IBN's Deputy Editor Sagarika Ghose on Ideas 2014, Annan said that subsidised water and power take away their value. ...