Food, Petroleum, Urea Subsidies: Union government's petroleum subsidy bill has seen the sharpest hike in the first four months of this fiscal, from Rs 12,013 crore last year to Rs 28,385 crore this year.
The IT Act forbids the income tax department from sharing income details of an assessee unless the Central government specifies an officer, authority or body to receive the data to perform his or its functions under a law.
To a question if the government will accept the Kirit Parikh Committee's recommendations on reducing subsidy burden, Pradhan said the Prime Minister has already urged the affluent class to give up their LPG subsidy.
Those looking for bold LPG reforms, of the sort the NDA did with diesel thanks to the UPA’s policies of chipping away at subsidies every month, have reason to be disappointed with the latest ‘reform’ announced on Monday
Oil Minister Dharmendra Pradhan today hinted of stopping supply of subsidised cooking gas (LPG) to the well-off as only 42.5 lakh out of nearly 15 crore cooking gas consumers have so far voluntarily give up subsidy.
The best solution to LPG subsidies, there can be no doubt, would be one where the government slowly reduced them as was done in the case of diesel by the UPA – over a period of time, as the fuel finally got deregulated, the
'Based on sales and subsidy levels for 2014-15, savings of Rs 12,700 crore are estimated from DBT in LPG,' said Arvind Subramanian, chief economic adviser to the finance ministry on Thursday at a UNDP conference.