Tough measures: cheap LPG set for Rs. 10 monthly hike

Discussion in 'Economy & Infrastructure' started by Ray, Jun 21, 2014.

  1. Ray

    Ray The Chairman Defence Professionals Moderator

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    Tough measures: Rail fare hiked by 14.2%, cheap LPG set for Rs. 10 monthly hike

    The government’s first budget is likely to signal the new administration’s intention of reforming India’s fuel pricing regime with monthly hikes of Rs. 10 per cylinder of cooking gas (LPG).

    Each household will, however, continue to be entitled to 12 subsidised cylinders a year. Currently, a subsidised LPG cylinder costs Rs. 414 in Delhi while the market price — which consumers pay for any demand beyond the quota — is Rs. 905.

    If implemented, the Rs. 10 monthly hike will slash Rs. 7,000 crore from India’s mounting fuel subsidy bill.

    The government on Friday also pushed through a steep hike in railway passenger and freight fares in possibly the first instalment of the “tough measures” Prime Minister Narendra Modi had hinted at as necessary to revive the Indian economy.

    The hike — 14.2% in all classes of passenger fares and 6.5% in freight charges — is effective June 25 and will also apply to tickets purchased in advance for journeys commencing on or after that date. The difference in fare for such advance tickets will be collected by ticket examiners during the journey.

    Coming ahead of the full railway budget next month, the announcement was greeted with loud protests by leaders across the political spectrum, with some warning it would fuel inflation.

    Fuel subsidies could exceed 1.40 lakh crore this year, following soaring crude oil prices due to the current crisis in Iraq.

    The move is modeled on the 50 paise a litre monthly hike in diesel prices introduced in January 2013 and will incrementally move cooking gas prices towards market rates while sparing the consumer large shocks.


    “With global crude oil prices touching a nine-month high of $115 a barrel, the government may be forced take some tough decisions ahead,” a senior official in the Prime Minister’s Office (PMO) told HT when asked about the LPG price hike proposal.

    The proposal is based on recommendations made by the Petroleum Planning and Analysis Cell (PPAC)—the petroleum ministry’s technical and advisory wing—to the Union petroleum minister Dharmendra Pradhan recently.

    In January this year, the UPA government had increased the number of subsidised LPG cylinders from nine to 12 a year per family, giving in to the growing demand of an inflation-hit public and political parties alike.

    It had first capped the quota of subsidised cylinders to six a year for each family in September 2012 and raised it to nine a year later in January 2013.


    Tough measures: Rail fare hiked by 14.2%, cheap LPG set for Rs 10 monthly hike - Hindustan Times
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    I find the Induction cooker/plate or whatever it is called, cooks food faster and one can control the amount of heat (and hence electricity consumption) to suit the type of cooking being done admirably.

    It has cut down the consumption of gas.

    I am not too sure as to which is cheaper in the long run ie gas stove or induction cooker.

    However, chappatis cannot be cooked on the induction plate.
     
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  3. abhi_the _gr8_maratha

    abhi_the _gr8_maratha Senior Member Senior Member

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    The quota of subsidised gases should come down to 7 cylinders a year. And 10% hike is acceptable looking at the chaos in iraq and indian economy
     
  4. Singh

    Singh Phat Cat Administrator

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    Please use relevant arguments, facts and figures to defend your claims.
     
  5. hitesh

    hitesh New Member

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    Don't worry guys , Achhe Din Ane wale hai (good days to come ) ... may be :confused:
     
  6. fallenwarrior

    fallenwarrior Regular Member

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    Sir there should be graded pricing
    something like:
    6 cylinders at 450 rs in near future and next 3 cylinders at 750 and the rest at market price.
    This will ease out a lot of pressure from lower middle class and bpl families basically who would find it not much hard to use 1 cylinders every 2 months.
    the middle class can afford a hike of 300 rs for the next cylinder.

    But sir I would like these free-ed up subsidies to be allotted to projects that may subsidize people who may switch over to solar power.
    Government must take up responsibility to motivate people to switch over as fast as they can.
    Indian economy would not revive itself on strong base if these measures are not taken up right now.Freeing up money for investment cannot be the sole aim.
     
    Ray likes this.
  7. Ray

    Ray The Chairman Defence Professionals Moderator

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    Solar power as of today is expensive.

    I have always wanted to do so for my house, but it was too expensive.

    I have a solar cooker and the food cooked is quite nice.

    I have to get hold of genuine matt finish black non toxic paint since the containers have cracks and have lost their matt finish and the aluminium can be seen.
     

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