Implementation of LPG cylinder cap fuels chaos, confusion over KYC

December 7, 2012

Cylindr

New Delhi, December 7: Shoddy implementation of the government's new quota system for subsidized cooking gas has resulted in chaos. There's utter confusion about how many subsidized cylinders a consumer is entitled to in the remaining six months of 2012-13 since the new scheme was announced on September 13, 2012.

That day's government release was unambiguous. It said: "The number of subsidized LPG cylinders available to each consumer in the remaining part of the current financial year will be three."

But some dealers believe that consumers have already run out of their quota, while some others insist that unless consumers fill up the KYC form, cylinders can't be given to them.

Similarly, there's confusion over what it takes to fill up the KYC ( know-your-customer) form. Ask Ananya Gupta of Mumbai's Matunga. She was suddenly asked to produce her marriage certificate, PAN card, bank account details and the original registration book by her dealer for her KYC form or face discontinuation of gas supply.

Original registration book? Is that the blue book that most consumers have misplaced? Questions such as these are redundant because the KYC form makes no such demand. It requires two things: ID proof and address proof. And for this driving licence, passport, ration card, phone or electricity bill, Adhaar card and several other ordinary things will suffice.

But dealers don't know or pretend not to know. P N Seth, vice-president of All-India LPG Dealers' Association, for instance, doesn't know about the three-cylinder quota in the six remaining months of the year since September. He said, "Most consumers have completed their quota and are now buying non-subsidized gas."

All-India Indane Distributors' Association president A Ramachandran said consumers were "not cooperating".

He said, "If they don't submit the KYC form by year end (the new deadline), the connections would be blocked."

An Indane dealer in Anna Salai helpfully added: "Once a connection is blocked, it can only be unlocked after government permission."

In this confusion over gas supplies, a black market in cylinders is flourishing. Some consumers said they were buying cylinders well above the non-subsidized price range of Rs 885-950 band (depending on VAT) per cylinder.

A consumer in Delhi's Alaknanda area, Mitashi Saxena, was unsure about whether she was required to fill a KYC form or not, and wondered whether she would get subsidized cylinders next year.

"We're a family of eight and have two kitchens. But we still don't know whether we need to fill the form. And our distributor doesn't seem to know either,'' she said. Another resident complains of delayed service.

For people in hill states like J&K, Himachal Pradesh and Uttarakhand, where families need more fuel to keep warm, it's going to be a winter of discontent. "We've not been contacted by our dealer and run out of out quota. We're planning to spend some time with relatives in the plains," said Shivani Joshi of Nainital.

In Chandigarh, too, large families that don't have separate kitchens on different floors, have been jolted by the new condition. Federation of Chandigarh sector welfare association chairman P C Sanghi said the decision is against Indian tradition of large joint families. Consumer rights activist Arvind Thakur said, "A bigger issue is that building byelaws are so stringent in Chandigarh that people can't even think of building a separate kitchen."

Lucknow housewife Rita Singh spent several tense days when the cylinder did not fetch up even eight days after booking — as against the normal period of 48 hours.

"When I asked, they said most of their staff was engaged in KYC verification," she said.


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News Network
July 23,2020

New Delhi, Jul 23: Riding high on foreign investors buying stakes in Jio Platforms, Reliance Industries Ltd Chairman Mukesh Ambani became the world’s fifth-richest person Wednesday, edging past American investor Warren Buffett on the real-time ranking of billionaires by Forbes. With an estimated wealth of $75 billion, Ambani is only next to Facebook co-founder and CEO Mark Zuckerberg, whose wealth is pegged at $89 billion.

Buffet had slipped down the rankings after donating more than $37 billion of Berkshire Hathaway Inc. stock since 2006 to charity. Berkshire Hathaway’s stock performance has also underwhelmed recently.

Amazon founder and CEO Jeff Bezos still sits at top in the richest list, with a net worth of $185.8 billion. He is followed by Microsoft co-founder Bill Gates with net worth of $113.1 billion and luxury group LVMH Moet Hennessy Louis Vuitton’s chief Bernard Arnault, with a net worth of $112 billion. Facebook CEO Mark Zuckerberg is at the fourth position in the Forbes list.

Shares of Ambani’s conglomerate have more than doubled since a low in March as its digital unit got more than $15 billion in investments from companies including Facebook Inc, Silver Lake, Intel, and most recently, Google. The US tech giant has committed a capital infusion of Rs 33,737 crore for a 7.7 per cent stake on Jio Platforms.

The total investment from financial and strategic investors into Jio Platforms stands at Rs 1,52,056 crore. RIL has raised a total of Rs 2,12,809 crore through a rights issue, the combined investments in Jio Platforms and investment by BP.

During the Reliance AGM last week, Ambani had said RIL has made its net-debt free ahead of a March 2021 target due to recent investments. Ambani said Jio has designed and developed a complete 5G solution that’s ready for launch as soon as spectrum is made available next year.

Jio and Google have also entered into a commercial agreement to jointly develop an entry-level affordable smartphone with optimisations to the Android operating system and the Play Store, Ambani said.

RILs market value jumped to Rs 12.7 lakh crore or $170 billion on Monday, making it the 51st most valued company in the world. Between April 1 and July 13, RIL has gained $81 billion in market capitalisation and has climbed 47 places from being the 98th most valued company on April 1 to 51st most value company now.

The share price of RIL has risen by 120 per cent over the last four months for Rs 883 per share on March 23, 2020 to Rs 1,939 on Monday. Since April 22, when Facebook Inc announced an investment of Rs 43,574 crore in Jio Platforms for 9.99 per cent equity stake, Jio Platforms has announced investments by 12 other investors. The total investment by these 13 investors over the last 12-weeks amounted to Rs 118,318 crore.

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News Network
August 3,2020

Aug 3: Iqbal Ansari, who was a litigant in the Ayodhya land dispute case, has decided to gift a 'Ram nami' stole and a copy of the Ramcharitmanas to Prime Minister Narendra Modi when he attends the bhoomi pujan ceremony for the Ram temple here on Wednesday.

"Yes, I have received the invitation from Shri Ram Janmabhoomi Teerth Kshetra Trust for the bhoomi pujan ceremony. I will certainly attend it. The dispute is over now after the court's verdict," Ansari, 69, told .

"Our Prime Minister is coming. I will meet him and give him a 'Ramnami' stole (with Ram's name written on it) and Ramcharitmanas as a present," Ansari said.

His father Hashim Ansari, the oldest litigant in the Babri Masjid-Ram Janmabhoomi land dispute case, died at the age of 95 in 2016 after which the son started pursuing the case in the court.

Talking about Wednesday's ground-breaking ceremony to mark the beginning of the construction of a grand Ram temple here, Ansari said, "I belong to Ayodhya. All this (temple's construction) will change the fate of Ayodhya. We all want our child to get better opportunities".

He further said, "I respect sadhus and saints. I am happy to have received the invitation for the ceremony. I think it is Lord Ram's will that I attend it".

When asked what he would have done had the court decided the case in his favour, Ansari said he had wanted the construction of a school and a hospital on the disputed land.

"I feel the city needs development. The future of our children should be safe and secure and they should get employment. Dispute in the name of religion should end now and we should let the city witness a new beginning," he said.

The Supreme Court had in November last year paved the way for the construction of a Ram temple by a Trust at the disputed site of the Babri Masjid's demolition in Ayodhya, and directed the Centre to allot an alternative 5-acre plot to the Sunni Waqf Board for building a new mosque at a "prominent" place in the holy town in Uttar Pradesh.

The state government has allotted a five-acre land in Dhannipur village in Sohaval Tehsil of Ayodhya for the mosque's construction.

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News Network
April 2,2020

New Delhi, Apr 2: With 437 new cases reported in the last 24 hours, the tally of COVID-19 positive cases in India shot up to 1,834 on Wednesday night.

The number of deaths in the country due to COVID-19 has risen to 41.

The total number of active cases in the country is 1,649. 143 persons have been cured and discharged from the hospitals. One person has migrated, according to the data provided by the Ministry of Health and Family Welfare.

Earlier on Wednesday, Union Home Secretary Ajay Bhalla urged all state governments and Union Territory administrations to ensure the lockdown measures issued by the Ministry of Home Affairs are strictly implemented.

"All the state governments/UT administrations are requested to strictly implement the lockdown measures issued by MHA in the exercise of the powers under Disaster Management Act, 2005 in letter and spirit," Bhalla said.

Prime Minister Modi had earlier announced a 21-day lockdown in the entire country to deal with the spread of coronavirus, saying that "social distancing" is the only option to deal with the disease, which spreads rapidly.

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