Lpg Subsidy Savings

In face of a report by the Comptroller and Auditor General (CAG) drilling holes into subsidy savings made on LPG, the government on Wednesday asserted that over Rs 21,000 crore was indeed saved in two years by directly transferring subsidy to user bank accounts.

Auction of coal blocks being done will bring Rs 3.45 lakh crore to the country's kitty and Rs 36,500 crore would be saved on account of checking leakages through the direct benefit transfer (DBT) scheme for LPG subsidy, the government said on Sunday.

Government has saved over Rs 21,000 crore in cooking gas LPG subisdy in the last two financial years as paying the dole directly into bank accounts of actual users helped eliminate duplicate connections as well as diversions, Oil Minister Dharmendra Pradhan said today.

Government has saved over Rs 21,000 crore in cooking gas LPG subisdy in the last two financial years as paying the dole directly into bank accounts of actual users helped eliminate duplicate connections as well as diversions, Oil Minister Dharmendra Pradhan said on Wednesday.

Prime Minister Narendra Modi today said the Centre's policy of giving LPG subsidy directly in consumers' bank accounts has saved the country Rs 15,000 crore last year.

The move to stop LPG subsidies to high earning consumers with a taxable income of above Rs 10 lakh a year may result in a saving of up to Rs 500 crore for the government, Icra estimates.

Urging consumers to give up subsidy on LPG, he said from the time of implementation of Direct Benefit Transfer (DBT), the government has been able to save Rs 15,000 crore in the last fiscal.

A total of Rs 14,672 crore is saved in LPG subsidy in a year as a result of direct benefit transfer, the government said on Monday.

Underscoring the importance of people's participation to make the government's efforts successful, Prime Minister Narendra Modi today said at least 20 lakh people have surrendered their gas subsidy and Rs.15,000 crore had been saved due to introduction of direct benefit transfer in LPG subsidy.

Prime Minister Narendra Modi has urged those who can afford it to surrender subsidised cooking gas or LPG. The Prime Minister said that 2.8 lakh people had responded to an earlier appeal by him made last August through national advertisements issued by oil companies asking people to switch to full-price LPG. The 2.8 lakh people who had surrendered ...

Prime Minister Narendra Modi on Sunday said the landmark scheme to give LPG consumers cash subsidy instead of selling to them below market priced cooking gas has stopped leakages, saving thousands of crores of rupees.

The direct benefit transfer could help the government save as much as Rs 25,000 crore in food subsidy expenditure by eliminating costs associated with procuring, distributing and storing foodgrains, the research house says.

The central government will phase out LPG subsidy in two phases to save about Rs5,000 crore.

In face of a report by the Comptroller and Auditor General (CAG) drilling holes into subsidy savings made on LPG, the government on Wednesday asserted that over Rs 21,000 crore was indeed saved in two years by directly transferring subsidy to user bank accounts.

Auction of coal blocks being done will bring Rs 3.45 lakh crore to the country's kitty and Rs 36,500 crore would be saved on account of checking leakages through the direct benefit transfer (DBT) scheme for LPG subsidy, the government said on Sunday.

Government has saved over Rs 21,000 crore in cooking gas LPG subisdy in the last two financial years as paying the dole directly into bank accounts of actual users helped eliminate duplicate connections as well as diversions, Oil Minister Dharmendra Pradhan said today.

Government has saved over Rs 21,000 crore in cooking gas LPG subisdy in the last two financial years as paying the dole directly into bank accounts of actual users helped eliminate duplicate connections as well as diversions, Oil Minister Dharmendra Pradhan said on Wednesday.

Prime Minister Narendra Modi today said the Centre's policy of giving LPG subsidy directly in consumers' bank accounts has saved the country Rs 15,000 crore last year.

The move to stop LPG subsidies to high earning consumers with a taxable income of above Rs 10 lakh a year may result in a saving of up to Rs 500 crore for the government, Icra estimates.

Urging consumers to give up subsidy on LPG, he said from the time of implementation of Direct Benefit Transfer (DBT), the government has been able to save Rs 15,000 crore in the last fiscal.

A total of Rs 14,672 crore is saved in LPG subsidy in a year as a result of direct benefit transfer, the government said on Monday.

Underscoring the importance of people's participation to make the government's efforts successful, Prime Minister Narendra Modi today said at least 20 lakh people have surrendered their gas subsidy and Rs.15,000 crore had been saved due to introduction of direct benefit transfer in LPG subsidy.

Prime Minister Narendra Modi has urged those who can afford it to surrender subsidised cooking gas or LPG. The Prime Minister said that 2.8 lakh people had responded to an earlier appeal by him made last August through national advertisements issued by oil companies asking people to switch to full-price LPG. The 2.8 lakh people who had surrendered ...

Prime Minister Narendra Modi on Sunday said the landmark scheme to give LPG consumers cash subsidy instead of selling to them below market priced cooking gas has stopped leakages, saving thousands of crores of rupees.

The direct benefit transfer could help the government save as much as Rs 25,000 crore in food subsidy expenditure by eliminating costs associated with procuring, distributing and storing foodgrains, the research house says.

The central government will phase out LPG subsidy in two phases to save about Rs5,000 crore.