LPG subsidiary savings 15% of government claim: CAG
16/08/2016 00:01
Auditor CAG has said that savings in LPG subsidy paid directly to consumers was only Rs 1,764 crore, only about 15 per cent of what government has claimed. The Comptroller and Auditor General of India (CAG) said bulk of the savings in subsidy was due to sharp fall in global prices. Commenting on the issue, a CAG Official told the media, "The actual subsidy payout during the period from April 2015 to December 2015 was Rs 12,084.24 crore as against Rs 35,400.46 crore during April 2014 to December 2014." “Of the Rs 23,316.12 crore savings in subsidy, Rs 21,552.8 crore was on account of fall in crude oil price,” he added. Under DBT, subsidy is directly paid into bank accounts of users, thereby eliminating duplicate and fake connections and diversions for non-domestic use. As per reports, the oil ministry has claimed the savings from the elimination of fake/duplicate/ghost cooking gas LPG connection as a result of implementation of DBT in 2014-15 was Rs 14,818.4 crore.
16/08/2016 00:01
