New Delhi, June 8 (IANS) The government on Monday announced that it has reduced the number of subsidised LPG cylinder refills under the Pradhan Mantri Ujjwala Yojana (PMUY) from nine per year to four, in a move aimed at containing rising subsidy costs amid higher global fuel prices and widening under-recoveries for oil marketing companies.The decision comes at a time when the cost of supplying domestic liquefied petroleum gas (LPG) has climbed sharply, with the per-cylinder cost rising to over R…
Latest Subsidy News & Updates
New Delhi, April 8 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved a proposal of the Department of Fertilisers for fixing the Nutrient Based Subsidy (NBS) rates for this year’s kharif season (from April 1 to September 30) on Phosphatic and Potassic (P&K) fertilisers.The tentative budgetary requirement for the kharif season this year will be approximately Rs 41,533.81 crore. This is approximately Rs 4,317 crore more than the budgetary requirement for…