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The subsidy on LPG cylinders would be credited directly to consumers' Aadhaar-linked bank accounts. All Aadhaar-linked domestic LPG consumers will get an advance in their bank account as soon as they book the first subsidized cylinder before delivery.
[20] [21] Gross gas cylinder consumption increased to 3.71 in 2022-23 and 3.8 in 2023-24. [22] The government has increased the subsidy for poor women under the Ujjwala scheme to Rs. 300 per cylinder for the next financial year. The subsidy of Rs. 300 per cylinder was applicable for the current financial year, ending on March 31.
The subsidy aims to cover the security fee and fitting charges of the gas cylinder. [9] The beneficiary of the subsidy must then purchase their cooking stove. Potential financial burdens are alleviated as the scheme allows beneficiaries to pay for the cost of the first stove and the first refill in monthly installments.
The consensus among economists is that the rich get most absolute benefit from fossil fuel subsidies, [20] for example the poorest people do not usually own cars. But removing the subsidies may hit poor people via indirect price increases such as food prices, so they get a lot of benefit relative to their total income. [20]
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Energy subsidies are measures that keep prices for customers below market levels, or for suppliers above market levels, or reduce costs for customers and suppliers. [4] [5] Energy subsidies may be direct cash transfers to suppliers, customers, or related bodies, as well as indirect support mechanisms, such as tax exemptions and rebates, price controls, trade restrictions, and limits on market ...
In case of food subsidy, PDS suffers from considerable leakage and apart from a low coverage of poor; the magnitude of benefit derived by the poor is very small. In case of electricity, the subsidy rates have been rising for both agriculture and domestic sectors because the unit cost has been rising faster than the relevant tariff-rate.
The subsidy, which will be unveiled by Commerce Department Secretary Gina Raimondo, will go toward construction of four facilities in Taylor: one $17 billion chipmaking plant that Samsung ...