Thursday, March 10, 2016

Millions give up LPG subsidy, save government Rs 4,166 crore

                                                                       
     

                A year after Prime Minister Narendra Modi made a call to the well-heeled to give up their cooking gas subsidy, the campaign seems to have worked.

The number of consumers who have responded to the "Giveitup" campaign has touched a 8.22 million, helping the government save Rs 4,166 crore.

Each of these 8.2 million families has surrendered an annual LPG subsidy worth Rs 5,000. For the government, the savings are around Rs 4,166 crore - a tenth of the allocation for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS).

The initiative asking consumers to give up their LPG subsidy had been on since 2012, but the movement gathered pace in the past year due to a massive outreach programme run by the petroleum ministry.

For more read at:-
 http://www.business-standard.com/article/economy-policy/millions-give-up-lpg-subsidy-save-government-rs-4-166-crore-116031000034_1.html via NMApp