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No more LPG subsidy for consumers with annual taxable income of more than Rs 10 lakh

No more LPG subsidy for consumers with annual taxable income of more than Rs 10 lakh

Tax payers with annual income of more than Rs 10 lakh will not get subsidised cooking gas (LPG) from next month as the Modi government has decided to limit supply of under-priced fuel to cut subsidies.

LPG cylinder quota hike a misdirected subsidy: Rajan

Terming the increase in quota of subsidised LPG as "misdirected subsidies", RBI Governor Raghuram Rajan on Thursday said the move will end up benefiting people who can afford to pay market rates.

Govt partially deregulates diesel prices, hikes LPG cap

In baby steps towards deregulation, the government Thursday allowed oil companies to make small hikes in the price of diesel from time to time and sought to soften the blow by raising the cap on subsidised LPG to nine cylinders per household from six.

LPG consumers can now fill up KYC forms till Dec 31

In a nationwide exercise to weed out multiple or ghost connections, the government had previously set November 15 as the deadline for customers to submit their duly filed KYC forms with their distributors.

LPG cap will check black marketing, says BPCL chief

Even as uproar over capping of subsidised cooking gas continues, second largest oil marketer Bharat Petroleum sees virtue in it, saying the move will help curb black marketing to a considerable extent.