More than 10.5 million household in India gave up LPG subsidy after PM Narendra Modi’s appeal: Dharmendra Pradhan

By: |
New Delhi | Updated: March 04, 2017 11:00 PM

Union Petroleum Minister Dharmendra Pradhan has today said that more than 10.5 million household in India have given up their subsidy in LPG

After the success of the Direct Benefit Transfer in LPG, the Centre is planning to use same methodology in Kerosene, he says. (PTI)

Union Petroleum Minister Dharmendra Pradhan has today said that more than 10.5 million household in India have given up their subsidy in LPG. Speaking at the Harvard Kennedy School in the United States, the minister said that people left subsidy after an appeal by Prime Minister Narendra Modi who had asked those who could afford cooking oil from their pockets, to leave subsidy in their gas cylinders.

He also added that after the success of the Direct Benefit Transfer in LPG, the Centre is planning to use same methodology in Kerosene.

Earlier in the day, speaking at the 2017 Massachusetts Institute of Technology (MIT) Energy Conference , he said that the contry’s economy will continue its growth even after the demonetisation step and achieve an eight per cent growth in 2017.

While pointing out that even after the demonetised step last November in which currency notes of Rs 500 and Rs 1,000 were banned, he said that even after that country’s economy continue to grow and as per the recent data, growth for the September- December quarter stood at 7 per cent.

Dharmendra Pradhan also said that the Cntre wants to create a new energy story in the country. The NDA government’s approach has been holistic and covers alternate sources of energy with an aim to promote Prime Minister Modi’s vision of energy justice to all connected with climate justice.

You may also like to watch this video

He further said coal provides around 60 percent energy to the country and dependence on coal will continue to remain.

(With inputs from PTI)

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1PM Modi spoke like statesman, made country proud: BJP chief JP Nadda
2COVID-19: Extension granted on limitation period for filing court cases to end on October 2, says Supreme Court
3Maharashtra: DGP sends proposal to suspend Param Bir Singh; Home Department seeks more details