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Wednesday, August 3, 2011

No subsidised gas for people with annual income exceeding Rs. 6 lakh: Panel!


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PTI, The Hindu / NEW DELHI, August 3, 2011.

The government is considering a proposal to limit supply of subsidised domestic LPG cylinders to four per household in a year. File photo
The government is considering a proposal to limit supply of subsidised domestic LPG cylinders to four per household in a year. File photo - The Hindu.

The government should end subsidised domestic cooking gas (LPG) for people with income of more than Rs. 6 lakh per annum, a Parliamentary panel has suggested.
A 14.2-kg LPG cylinder in Delhi currently costs Rs. 395.35, which is Rs. 247 short of its market price. If the panel recommendation is accepted, people with more than Rs. 6 lakh per annum household income will have to pay Rs. 642.35 per bottle.
“...to offset the huge losses made on account of subsidised domestic LPG cylinders, the government may consider to do away with providing subsidised LPG to rich and affluent people having an income of more than Rs. 6 lakh per annum”, it said.
“This should include those holding constitutional posts, public representatives like MPs, MLAs/MLCs,” the Standing Committee on Petroleum and Natural Gas said in its latest report.
The suggestion was made in view of the huge subsidy bill the government has to foot while selling fuel at below market price.
Yes, at last our law makers have seen some reason in my contention that subsidies should be confined to people of lower income groups and not everyone in the Soceity!

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