Govt considering raising cap on LPG cylinders
NEW DELHI (Reuters) - The government is considering raising the cap on the number of subsidised LPG cylinders available to households to nine per year, Oil Minister Veerappa Moily said on Tuesday.
"We are considering raising it shortly. We need to take it to the Cabinet," Moily said, responding to a query on whether a cap on subsidised sale of LPG cylinders would be removed.
In September, India imposed a cap for the sale of subsidised LPG cylinders to six for each household in a year.
(Reporting by Mayank Bhardwaj; Editing by Jo Winterbottom)
- Tweet this
- Share this
- Digg this
- U.S. nurse quarantined over Ebola calls treatment "frenzy of disorganization"
- Wall Street finally turning on Amazon as Bezos magic fades
- Former Cream frontman Jack Bruce dies aged 71
- São Paulo running out of water as rain-making Amazon vanishes
- Iraqi security forces and Kurds gain ground against Islamic State
The Nifty will stay in a broad band of 7,800-8,200 with an immediate resistance at around 8,050 levels. One should look to selectively accumulate in sectors such as infrastructure, capital goods, cement, power and metals. The outperforming sectors such as pharma, IT and auto ancillaries could take a breather due to international headwinds, writes Ambareesh Baliga. Full Article
Euro zone risks "relapse into recession" without structural reforms - Draghi. Full Article