1. Power play: PM Narendra Modi, FM Arun Jaitley appeal the wealthy to give up subsidised LPG

Power play: PM Narendra Modi, FM Arun Jaitley appeal the wealthy to give up subsidised LPG

The central government may initiate steps to persuade affluent sections of the society...

By: | New Delhi | Updated: March 28, 2015 1:25 AM

The central government may initiate steps to persuade affluent sections of the society to give up cooking gas subsidy meant for the poor, finance minister Arun Jaitley said on Friday.

Addressing Urja Sangam on Friday, Prime Minister Narendra Modi also appealed to the well-to-do sections of the society to give up cooking gas subsidy. About 2.8 lakh people have already given up the subsidy after petroleum minister Dharmendra Pradhan launched a drive recently to persuade the rich to give up the benefit.

“I am with my fingers crossed, hoping that he (Pradhan) succeeds. Waiting for his logical and moral appeal to succeed, perhaps at some time India has to take a decision as to distinguish between those who can afford to pay and those who cannot afford to pay,” he said. Those, who cannot afford to pay must continue to get the benefit of state support, he added.

Fuel subsidy had been the largest contributor to the increase in quantum of the overall subsidies in recent years. From a high of R96,880 crore in FY13, fuel subsidy (borne by the government) will likely decline to R60,270 crore in FY15. It is projected to fall sharply to R30,000 crore in FY16 due to the end of diesel subsidy, sharp decline in crude prices and direct cash subsidy to LPG consumers, plugging leakages.

The government has already covered 80% of about 14 crore LPG consumers in the country, which is expected to result in substantial saving for the government.

“I do hope these pressures on exchequers (come down)…,” he said.

  1. G
    gopal
    Mar 28, 2015 at 12:51 am
    Please publish PM'Appeal widely along with the process of how to communicate and whom to communicate CA GOPAL
    Reply
    1. M
      mm
      Mar 28, 2015 at 6:43 pm
      All the MPs must not avail highly subsidies food in partliament canteen and pay mkt rate .
      Reply
      1. M
        mm
        Mar 28, 2015 at 6:40 pm
        let first MPs.MLAs and all the top bearucrats give up this and Govt to publish list of all such people. Then probably rich will take a step.
        Reply
        1. R
          rajiv
          Mar 28, 2015 at 10:56 am
          Public Sector employees getting heavy ries should be first
          Reply
          1. T
            t p
            Mar 28, 2015 at 7:00 pm
            Reduce subsidy to 10 % . i.e. market price & subsidised cylinder cost difference should be reduced to 10 % . Already DBT a Good initiatives taken by revered Modi ji . Thanks
            Reply
            1. Load More Comments

            Go to Top