Oil companies can decide on raising LPG subsidy cap: Moily

November 2, 2012

moily


New Delhi, November 2: A day after the government rolled back the hike in prices of non-subsidised LPG cylinders, Oil Minister M. Veerappa Moily said oil companies were free decide whether to raise the LPG subsidy cap.

Speaking to a television channel here Friday, the new oil minister said we should let oil marketing companies(OMCs) decide if they want to raise the LPG subsidy cap as this is not a ministry decision.

The minister's remark is being seen as a sign that the Congress party is worried about the impact of the cap on subsidised cylinders on the Nov 4 assembly elections in Himachal Pradesh, where Congress and the Bharatiya Janata Party (BJP) are perceived to be locked in a close race.

The crucial Gujarat elections are a little over a month away.

Last month, the government had notified a record hike in diesel prices and capped the subsidy on cooking gas for individual households to six cylinders a year.

The move was aimed to control the high oil subsidy bill, and cut losses of OMCs Indian Oil Corp, Hindustan Petroleum and Bharat Petroleum.

The measures were part of a slew of reforms implemented by the government. Any reversal would require the consent of the finance ministry and the Prime Minister's Office.

However, as indicated by the minister Friday about the freedom of OMCs, raising the subsidy limit on cooking gas could involve a streamlining of procedures rather than a wholesale rollback.

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News Network
May 28,2020

May 28: Congress President Sonia Gandhi on Thursday asked the central government to unlock its coffers and help the needy affected by the coronavirus-induced lockdown.

In a video message posted as part of the Congress' 'Speak Up India' campaign, she lamented that even though the country is passing through a serious economic crisis with loss of livelihood due to the pandemic and the lockdown, the central government has not heard the cries of pain and trauma of people.

"We again urge the Centre to unlock its coffers and help the needy. Put direct cash of Rs 7,500 per month in the account of every family for the next six months and provide Rs 10,000 immediately; ensure safe and free travel of labourers back home, employment opportunity and rations; and also increase the number of work days under MNREGA to 200 days to facilitate jobs in villages," Gandhi said.

"Instead of loans, provide financial relief to small and medium industry so that crores of jobs are saved and the country progresses," she said in her video message on the party's social media handles.

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News Network
May 28,2020

Bhopal, May 28: A Bhopal-based high net worth individual hired a 180-seater A320 plane of a private carrier to ferry four family members to New Delhi, in a bid to avoid crowd at the airport and in flight amid the COVID-19 outbreak, officials said on Thursday.

The person, who is a liquor baron, chartered the aircraft to send to Delhi his daughter, her two children and their maid, who were stuck in Bhopal since the last two months due to the coronavirus-induced lockdown, sources said.

The plane arrived here from Delhi on Monday with crew only and flew back with just four passengers for whom it was specially hired, they said.

"The A320 180-seater plane arrived here on May 25 to carry four members of a family, probably due to the coronavirus scare. It was chartered by someone and there was no medical emergency, an airline official said, refusing to divulge any further details.

Bhopals Rajabhoj Airport Director Anil Vikram could not be contacted for comments.

According to aviation experts, the cost of hiring an Airbus-320 is about Rs 20 lakh.

Domestic commercial flight services resumed from Monday, after a nearly two-month break due to the coronavirus-enforced lockdown.

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News Network
June 4,2020

New Delhi, Jun 4: India on Thursday witnessed a record single-day spike of 9,304 coronavirus cases taking the country's tally to 2,16,919, according to the Union Ministry of Health and Family Welfare.

The ministry informed that 260 more deaths due to coronavirus were reported in the last 24 hours.

The total number of cases in the country now stands at 2,16,919 including 1,06,737 active cases, 1,04,107 cured/discharged/migrated and 6,075 deaths.

Maharashtra has so far reported 74,860 cases, more than any other state in the country.

In Tamil Nadu, 25,872 cases have been detected so far while Delhi has reported 23,645 coronavirus cases.

According to the Indian Council of Medical Research (ICMR), 1,39,485 samples were tested in the last 24 hours whereas 42,42,718 samples have been tested till date.

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