Skip to main content

12 subsidised cylinders will break FinMin spending cap

Expenditure Secretary’s letter accessed by The Hindu

Congress vice-president Rahul Gandhi’s appeal to raise the cap on subsidised LPG cylinders could force Finance Minister P. Chidambaram to relax the expenditure ceiling his ministry had imposed on the Oil Ministry.
Expenditure Secretary Ratan P. Watal, in a letter to Additional Secretary & Financial Advisor S.C. Kuntia in the Oil Ministry on December 13 accessed by The Hindu , requested it to “strictly adhere” to the Revised Expenditure ceilings for the current financial year.
To emphasise the letter’s import, the sentence — “Under no circumstances should the ceiling be breached” — is written in bold and underlined.
The letter also states that the Department of Economic Affairs had issued instructions that expenditure during January-March 2014 must not exceed 33 per cent of the RE. The ceiling for the month of March has been set at 15 per cent.
If the government raises the annual cap from nine to 12, the higher subsidy outgo will force the Oil Ministry to breach the ceiling, sources said. The Ministry estimates the additional burden at nearly Rs. 7,000 crore.
Asked for its reaction, Finance Ministry sources said they would take a call on relaxing the expenditure ceiling on receiving the Oil Ministry’s proposal.
At the AICC session here on January 17, Mr. Gandhi had appealed to Prime Minister Manmohan Singh to hike the quota of subsidised LPG cylinders from nine to 12. Within hours of this, Petroleum and Natural Gas Minister M. Veerappa Moily had announced that the Cabinet was likely to consider it.
Under the current LPG cylinder regime, 89.2 per cent of the 15 crore LPG consumers are covered. The remaining 10 per cent buy the additional requirement at the market price. If the quota is raised to 12, about 97 per cent of the consumers will be covered.
Increasing the limit to 12 cylinders is likely to result in an additional fuel subsidy burden of Rs. 3,500 -5,800 crore.
The government already incurs an expenditure of Rs. 46,000 crore per annum as subsidy on LPG.
Labels:

Comments

  1. Integrated Gas Technologies18 February 2021 at 15:12

    Informative post, thank you for sharing this news. It is important as well to learn about gas regulator and other gas safety devices to ensure safe usage. Great post.

    ReplyDelete
  2. Akaa Plumbing and Heating23 October 2021 at 01:10

    Great job for publishing such a nice article. Your article isn’t only useful but it is additionally really informative. Thank you because you have been willing to share information with us. Gas safety certificate harrowd

    ReplyDelete

Post a Comment

Popular posts from this blog

NGT terminates chairmen of pollution control boards in 10 states (downtoearth,)

Cracking the whip on 10 State Pollution Control Boards (SPCBs) for ad-hoc appointments, the National Green Tribunal has ordered the termination of Chairpersons of these regulatory authorities. The concerned states are Himachal Pradesh, Sikkim, Tamil Nadu, Uttarakhand, Kerala, Rajasthan, Telangana, Haryana, Maharashtra and Manipur. The order was given last week by the principal bench of the NGT, chaired by Justice Swatanter Kumar. The recent order of June 8, 2017, comes as a follow-up to an NGT judgment given in August 2016. In that judgment, the NGT had issued directions on appointments of Chairmen and Member Secretaries of the SPCBs, emphasising on crucial roles they have in pollution control and abatement. It then specified required qualifications as well as tenure of the authorities. States were required to act on the orders within three months and frame Rules for appointment [See Box: Highlights of the NGT judgment of 2016 on criteria for SPCB chairperson appointment]. Having
Post a Comment
Click Here To Read more »

High dose of Vitamin C and B3 can kill colon cancer cells: study (downtoearth)

In a first, a team of researchers has found that high doses of Vitamin C and niacin or Vitamin B3 can kill cancer stem cells. A study published in Cell Biology International showed the opposing effects of low and high dose of vitamin C and vitamin B3 on colon cancer stem cells. Led by Bipasha Bose and Sudheer Shenoy, the team found that while low doses (5-25 micromolar) of Vitamin C and B3 proliferate colon cancer stem cells, high doses (100 to 1,000 micromolar) killed cancer stem cells. Such high doses of vitamins can only be achieved through intravenous injections in colon cancer patients. The third leading cause of cancer deaths worldwide, colon cancer can be prevented by an intake of dietary fibre and lifestyle changes. While the next step of the researchers is to delineate the mechanisms involved in such opposing effects, they also hope to establish a therapeutic dose of Vitamin C and B3 for colon cancer stem cell therapy. “If the therapeutic dose gets validated under in vivo
1 comment
Click Here To Read more »

SC asks Centre to strike a balance on Rohingya issue (.hindu)

Supreme Court orally indicates that the government should not deport Rohingya “now” as the Centre prevails over it to not record any such views in its formal order, citing “international ramifications”. The Supreme Court on Friday came close to ordering the government not to deport the Rohingya. It finally settled on merely observing that a balance should be struck between humanitarian concern for the community and the country's national security and economic interests. The court was hearing a bunch of petitions, one filed by persons within the Rohingya community, against a proposed move to deport over 40,000 Rohingya refugees. A three-judge Bench, led by Chief Justice of India Dipak Misra, began by orally indicating that the government should not deport Rohingya “now”, but the government prevailed on the court to not pass any formal order, citing “international ramifications”. With this, the status quo continues even though the court gave the community liberty to approach i
1 comment
Click Here To Read more »