Clear understanding that fossil fuel subsidies must go: Mayaram

India cannot afford fossil fuel subsidies in perpetuity and there is clear understanding that these must go, a top Finance Ministry official has said Wednesday.

LPG cap hiked from 9 to 12; Aadhar-linked subsidy scheme suspended

Oil Minister M Veerappa Moily said raising the quota of subsidised LPG to 12 cylinders from nine at present, will cost Rs 5,000 crore in additional subsidy annually.

Subsidised LPG cylinder cap hiked from 9 to 12 per yr; effective from April

Bowing to party pressure, the government Thursday raised the quota of subsidised LPG to 12 cylinders per household in a year from nine at present and also put on hold paying users the subsidy into bank accounts using Aadhaar platform.