From India bracing for an LPG crisis to Sitharaman commenting on liquidity issue, here are the top 10 business headlines on Friday
India, the world's second-largest LPG importer, gets about half of its requirements from foreign suppliers
Concerns over placement of the high-priced US gas contracts remain, even though GAIL has consistently met with success in placing them and reporting good numbers
How has the programme PMUY fared on this count?
City Gas Distribution now complements the massive utilities delivery networking infrastructure sweeping across India
After the success of PMUY, LPG coverage in India increased from 56% in 2014 to 94.3% by April 2019
The new committee, set up on May 30, will look into issues related to definition or quality standards of LPG being marketed
Goti Bai's LPG cylinder sat behind bales of cattle fodder. 'We don't have the money to buy a refill,' Got Bai explained
The move is likely to deal a huge blow to over 200 small players and importers, who run their business through e-commerce platforms and local shops
The price of a non-subsidised cylinder rose 8% from Rs 747 a cylinder in December 2017 to Rs 809.5 in December 2018
This is the sixth straight monthly increase in rates since June
The LPG cylinder penetration in the Northeast region is likely to touch 80 per cent by the end of 2018-19, much ahead of its initial plan to reach this target by 2030. The rigorous push to achieve the target ahead of its time was received during implementation of the Pradhan Mantri Ujjwala Yojana (PMUY) in the region from last year, state level coordinator for Assam (Petroleum Products) Uttiya Bhattacharyya told PTI here. "We hope to touch the figure of 80 per cent in the LPG penetration in Northeast by the end of 2018-19 fiscal. Initially, we had planned to reach this figure in NE by 2030," he added. Bhattacharyya, who is also the Indian Oil Corporation Chief General Manager (IndianOil-AOD), informed that the penetration level in the region has gone up to over 76 per cent at present from around 44 per cent in 2015-16. "So, we are already much ahead of our planned target. However, we are still much below than the national average, which stands at 88.5 per cent compared to 62.2 per
How do we ensure the good intentions of giving affordable clean fuels to poor women while managing subsidy burden? Jyoti Parikh asks
Under the scheme, the government provides a subsidy of Rs 1,600 to state-owned fuel retailers for every free LPG gas connection that they install in poor rural households
Industry sources say because of higher demand, there is increasing pressure on these plants to work overtime
LPG connections increased by over 16%, while LPG consumption increased only by 9% because there is no direct co-relation between the two
First-time online selection process in December; likely investment of Rs 2,000 cr
The number includes 20 mn under PMUY scheme while 12.5 million connections released outside PMUY
The push is, however, likely to make India a net importer of LPG during the current financial year
Increasing LPG coverage is part of the govt's plan to cut on the use of polluting firewood