Thursday 25th, July 2024
canara news

No More Subsidised Cooking Gas If Annual Income Is Above Rs 10 Lakh

Published On : 29 Dec 2015


New Delhi (NDTV): Subsidised LPG cylinders or cooking gas will no longer be available to taxpayers who earn more than Rs 10 lakh a year, the government announced today.

Consumers are currently entitled to 12 cylinders at cheaper rates in a year. For more, they have to pay the market price.

"Government has decided that consumers with taxable income above Rs 10 lakh per year will not get LPG subsidy from January 2016," Oil Minister Dharmendra Pradhan tweeted.

"This is as per policy of present Government that subsidy shall only be given to poor people who need it the most," he said in another tweet.

Of over 16 crore LPG consumers in the country, some 57 lakh have voluntarily given up their subsidy as part of the government's 'GiveitUp' campaign, official statistics say.

Earlier this year, Prime Minister Narendra Modi had urged "MPs, MLAs, ministers, IAS and IPS officers, professors and professionals" to give up subsidy on cooking gas to benefit the poor.

"Gas cylinders surrendered by you can be transferred to the poor who use wood for cooking. If one crore people give up their LPG subsidy, one crore poor people will benefit," he said in Bengaluru.

The subsidy saved from the 'GiveitUp' campaign went into giving connections to poor families who are still dependent on kerosene, coal, fuel wood or cow dung, officials said.

Due to a slump in global energy prices, the price difference between subsidised and non-subsidised LPG cylinders has narrowed down significantly in the past one year.

In Delhi, non-subsidised cooking gas costs Rs 606.50 a cylinder and subsidised LPG costs Rs 417.82 per 14.2-kg cylinder.

Photo credit: NDTV







More News

Sensex, Nifty fall 1% as crude oil prices surge
Sensex, Nifty fall 1% as crude oil prices surge
Aamir Khan calls 'Thugs of Hindostan' role one of his toughest
Aamir Khan calls 'Thugs of Hindostan' role one of his toughest
Fuel prices continue to fall as global crude rates ease
Fuel prices continue to fall as global crude rates ease

Write your Comments

Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. canaranews.com will not be responsible for any defamatory message posted under this article.

Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will canaranews.com be held responsible.