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Give Up LPG Subsidy is a campaign that was launched in March 2015 by the Indian government led by Prime Minister Narendra Modi. It is aimed at motivating LPG users who are able to afford to pay the market price for LPG to voluntarily surrender their LPG subsidy. [1] As of 23 April 2016, 10 million people had voluntarily given up the subsidy. [2]
The Cabinet approved a subsidy of Rs.200 per 14.2 kg LPG cylinder for up to 12 refills per year.The total expenditurewill be Rs.6,100 crore for financial year 2022-23 and Rs.7,680 crore for 2023–24. Average LPG consumption of PMUY consumers has increased by 20 percent from 3.01 refills in 2019–20 to 3.68 in 2021–22.
A modified Direct Benefit Transfer of LPG (DBTL) scheme in 54 districts in 11 states was started 15 November 2014 whereby LPG consumers who have not yet availed the benefit will be able to get cash subsidy amount transferred into their accounts to buy liquefied petroleum gas (LPG) cylinders at market price. [34]
Existing petrol engines can be converted at low cost into 100% LPG or dual fuel with LPG for achieving enhanced fuel efficiency and economy with drastically reduced emissions. [ 187 ] [ 186 ] Non-subsidy LPG prices are below the diesel or petrol prices in India in terms of heat content (heat content-wise one kg of LPG is equal to 1.85 liters of ...
Total non-merit subsidy for the Central and State governments taken together amount to Rs. 1021452.4 million in 1994–95, which is 10.71% of GDP at market prices. The share of Central government in this is 35.37%, i.e. roughly half of corresponding State government subsidies.
LPG is composed mainly of propane and butane, while natural gas is composed of the lighter methane and ethane. LPG, vaporised and at atmospheric pressure, has a higher calorific value (46 MJ/m 3 equivalent to 12.8 kWh/m 3) than natural gas (methane) (38 MJ/m 3 equivalent to 10.6 kWh/m 3), which means that LPG cannot simply be substituted for ...
The subsidy does not apply to business vehicles or vehicles with a gross vehicle mass of over 3,500 kilograms. In addition to the subsidy provided by the Australian federal government, the Western Australian government also provides a A$1,000 subsidy under the long-running LPG subsidy scheme.
Urea subsidy CS MoCF: 1977 Subsidy The first urea subsidy scheme was in 1977 in the form of Retention Price cum Subsidy scheme (RPS). From ₹ 4,389 crore (US$2.51 billion) in 1990 to ₹ 75,849 crore (US$17.43 billion) in 2008. As %ofGDP this is an increase from 0.8% to 1.5%.