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Home > News > Govt buries panel’s income cap plan for LPG subsidy > Govt buries panel’s income cap plan for LPG subsidy

Govt buries panel’s income cap plan for LPG subsidy [1]

Close on the heels of the government rejecting the standing committee on finance's decision to keep 26% FDI cap in the insurance sector, fresh tension is brewing between the parliamentary panel on petroleum and natural gas and the Centre over a proposal to limit the sale of subsidised cooking gas to individuals with an annual income of less than R6 lakh.

While the panel has favoured this formula to make the government's subsidy scheme more targeted, the Centre has quietly buried the proposal. If the House panel's proposal is implemented, households with any one individual earning more than R 6 lakh a year would not eligible for subsidised cooking gas and would have to buy the fuel at market prices.

Publication Date: 
15/12/2012
Financial Express (New Delhi) [2]
Tags:
LPG [3], Fuel Pricing [4], Subsidies [5], Foreign Direct Investment (FDI) [6], Ministry of Petroleum and Natural Gas [7], Petrochemical Industry [8], Energy [9]
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Source URL: http://admin.indiaenvironmentportal.org.in/news/govt-buries-panel%E2%80%99s-income-cap-plan-lpg-subsidy

Links:
[1] http://admin.indiaenvironmentportal.org.in/news/govt-buries-panel%E2%80%99s-income-cap-plan-lpg-subsidy
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/financial-express-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/lpg
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fuel-pricing
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/subsidies
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/foreign-direct-investment-fdi
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ministry-petroleum-and-natural-gas
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/petrochemical-industry
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy