The Budget is anticipated to be unveiled in the third week of July. The NDA 3.0 administration might strengthen specific welfare-oriented schemes, prioritising fiscal prudence
Commercial cooking gas (LPG) prices were on Friday cut by Rs 39.50 per 19-kg cylinder in line with softening international benchmarks. However, the price of domestic LPG -- used in household kitchens for cooking purposes -- remained unchanged at Rs 903 per 14.2-kg cylinder. Commercial LPG -- used in various establishments such as hotels and restaurants -- will now cost Rs 1,757 per 19-kg cylinder in the national capital as against Rs 1,796.50, oil firms said in a price notification. State-owned oil firms last hiked the price of commercial LPG by Rs 21 on December 1. Commercial LPG will now cost Rs 1,710 per 19-kg cylinder in Mumbai, Rs 1,868.50 in Kolkata, and Rs 1,929 in Chennai. Rates differ from state to state based on incidence of local taxation. Saudi contract price (CP), the benchmark used for pricing of LPG, has softened in the last few weeks' oversupply concerns. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum ...
The subsidy outgo for FY24 was planned at Rs 4.03 trillion, but it could rise up to Rs 4.53 trillion
Raising social security pension amounts, increasing financial assistance given under the 'Rythu Bandhu' investment support scheme for farmers and providing LPG cylinders at Rs 400 each are some of the promises made by the ruling BRS for the upcoming assembly elections in Telangana. Releasing the party manifesto for the November 30 assembly polls, BRS chief and Chief Minister K Chandrasekhar Rao said all 93 lakh families living below the poverty line (BPL) in the state would be provided life insurance cover of Rs five lakh and that the government would bear the cost of the premium. Rao, also known as KCR, said the social security pension, which currently stands at Rs 2,016, will be increased to Rs 5,000 per month gradually over the next five years. According to the manifesto, It will be increased to Rs 3,016 in the first year after the BRS returns to power, and then be raised incrementally up to Rs 5,000 in the next four years. Similarly, pension for Divyang people (persons with ...
The Ujjwala beneficiaries currently pay Rs 703 per 14.2-kg cylinder as against the market price of Rs 903
The move is also sentimentally negative for OMC stocks as investors fear that price cuts on petrol and diesel could be next in line ahead of the assembly and general elections
The reduction in the LPG cylinder price will come into effect from August 29. This will be the first change in the price of the LPG cylinder in six months
No change in domestic LPG cylinder prices
Company recorded highest ever turnover of Rs 59,899 Cr in FY23, up 39%
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