Govt plans to bring kerosene under direct benefit transfer
- P. Chidambaram moves Supreme Court for protection of his rights
- Fed resists upgrading long-run growth outlook after tax cuts
- Donald Trump names India, China to defend climate change policy
- GoAir flight with 112 on board grounded at Leh airport after technical glitch
- E-way bill set to roll out from 1 April, no consensus on simplification of GST returns
New Delhi: The government is working on a plan to bring kerosene under direct benefit transfer (DBT), petroleum minister Dharmendra Pradhan said on Friday.
Speaking at the Delhi Economics Conclave, Pradhan said: “We are looking at how to streamline kerosene. It is used by the poor. But a huge amount is diverted for industrial purposes. We have started discussions with states.”
“We are confident that soon we will be able to bring kerosene under DBT. There could a reduction in the subsidy bill by Rs.4,000-5,000 crore,” he added.
Highlighting the success of DBT for cooking gas, Pradhan said 14.6 crore people receive cooking gas subsidy directly under the Pahal scheme. “Every day Rs.70 crore subsidy is given to consumers,” he said.
The minister also made a pitch for targeted subsidies. “The government should consider not giving subsidy to a particular segment. Ultimately, subsidy is for the poor,” he said.