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No ban on new LPG connections
However, it said that the oil companies are engaged in an exercise to ensure that subsidised cylinders are given to genuine customers and avoid de-duplication of the applicants. “To ensure that subsidised domestic cylinders are available to genuine customers, new connection requests will be accepted by all LPG distributors,” it said in a statement. The statement said, “Consequent to introduction of 6 cylinder cap on subsidised cylinders, a section of media has reported there is a ban on release of new LPG connections. It is clarified there is no ban on release of new LPG connections. The connections will be released on completion of KYC (Know Your Customer) formalities and de-duplication of the applicant across all three oil companies to ensure multiple connections are not released.” — TNS Eliminate diesel subsidy:
Panel
The country's fiscal deficit for 2012-13 is likely to hit 6.1 per cent of gross domestic product if corrective steps are not taken immediately, the Kelkar panel headed by Vijay Kelkar said on Friday. The panel said in its report that the Indian economy was poised on the edge of a 'fiscal precipice'. According to the panel, half of diesel subsidy should be eliminated by March 2013 and the rest by march 2014. — Agencies
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New Delhi, September 28