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 crore Aadhaar cards have been issued by UIDAI, only 80 lakh bank accounts have linked to the unique identity numbers so far.
While the exact procedure to transfer the subsidy is being worked out, sources said subscribers will have to buy the LPG bottle at prevailing market price and subsequently the subsidy amount will be transferred to the bank account....
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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
Three more persons today 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 here. ...
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
In a relief to the citizens of Andhra Pradesh capital, the deadline for linkage of LPG cylinders on subsidy with Aadhaar has been extended till March 15. With the oil companies earlier deciding to make Aadhaar linkage compulsory for availing LPG cylinder on subsidy, a mad rush was witnessed for Aadhar enrolment. ...
03:40 AM, Feb 15, 2013
The Sheila Dikshit government has decided to raise the cap on subsidised cooking gas cylinders from 9 to 12 barrells per annum. The move, however, will benefit only the BPL (below poverty line) card holders. ...
12:50 PM, Jan 21, 2013
How is the diesel price rise likely to affect the daily life of a common Indian? CNBC-TV18's economic policy editor & Delhi bureau chief Siddharth Zarabi joined IBNLive readers for an interaction on the issue. ...
05:46 PM, Jan 18, 2013
