LPG Subsidy

The total cost outlay for the Centre as a result will stand at Rs 13,780 crore, including Rs 6,100 crore in 2022-23 and Rs 7,680 crore in 2023-24

The Puducherry government on Monday announced a Rs 300 monthly LPG subsidy for the people of the union territory, earmarking Rs 126 crore for the scheme. Chief Minister N Rangasamy made the announcement in the UT budget presented for the year 2023-24. Rangasamy, who detailed the achievements of various departments said the government had earmarked Rs 126 crore for implementing the scheme to provide the subsidy of Rs 300 for all families for one cylinder a month. He presented a Rs 11,600 crore tax free budget. The LPG subsidy initiative would benefit all families possessing family ration cards. The CM said the government would also hold a "World Tamil Conference" here with the participation of Tamil scholars from various countries. A national conference would also be conducted as a highlight of celebration of the 150th birth anniversary of Sri Aurobindo "to propagate his thoughts, philosophy, research on yoga and literature." Further, the government would deposit Rs 50,000 under

The main motive of the extension is to improve the penetration in north-east India, a government official said

The PAHAL scheme, launched in 2013, is aimed at reduce diversion and eliminate duplicate or bogus LPG connections

In an internal note, the FinMin's Dept of Expenditure has warned that extension of the free food scheme beyond September or any more tax cuts will have consequences for the Centre's fiscal situation

According to the current chart structures, shares of OMCs needs to hold their relevant support levels to stay afloat.

The govt will give Rs 200 per cylinder subsidy to Ujjwala Yojana beneficiaries for 12 cylinders in a year to help ease some of the burden arising from cooking gas rates rising to record levels

The fees Jawaharlal Nehru University (JNU) earned per student per annum, at Rs 7,375, was 99 times lower than the spending on academic, administrative, and other costs per student per annum in 2019-20

Lower subsidy allocation for disbursing new connections to poor indicates saturation of new PMUY beneficiaries

The Centre continues to subsidise freight for domestic LPG deliveries in far-flung areas

The subsidy will remain within budgeted levels even though the average international price of LPG from April to October 2021 is 52.49% higher than the full-year average of FY21

Reliance Gas, GoGas, and Aegis Gas could step up

While there was no need for subsidy in the low-oil-price phase of 2020, LPG prices have zoomed in 2021. But the Centre has not transferred subsidy at any point this year

Sector watchers say budgetary allocations for LPG subsidy may soon vanish, going the way of kerosene subsidy in the Budget 2021

The subsidy on LPG was done away with and what remained was some freight subsidy, which comes to Rs 20-30 a cylinder

The steep fall in crude oil prices coupled with a gradual rise in the price of subsidised domestic LPG cylinders had brought relief to the Centre this year

This is a third straight monthly reduction in the price of LPG cylinders and comes on the back of falling international rates

Modi knows who he needs to speak to, who he should toss, and who he can address in kind. So, poke fun at taali, thaali, diya and mombatti. He couldn't care less

Analysts say the subsidy burden on both LPG and kerosene is likely to be around Rs 35,000 crore

This is among a slew of measures to be introduced by oil marketing companies to boost the number of refills under the Pradhan Mantri Ujjwala Yojana (PMUY)