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CCEA gave nod to extend PDS Kerosene, Domestic LPG Subsidy Scheme

Mar 5, 2015 16:12 IST

The Cabinet Committee on Economic Affairs (CCEA) on 4 March 2015 gave its nod to extend the PDS Kerosene and Domestic LPG Subsidy Scheme 2002 for a period of one year that is up to 31 March 2015.

It also approved extension of the Freight Subsidy Scheme 2002 for far-flung areas till 31 March 2015. The Freight Subsidy Scheme 2002 provides for freight subsidy to PDS Kerosene and Domestic LPG consumers in far-flung areas.

These approvals will help in reducing the under-recovery of the Oil Marketing Companies (OMCs). Till date government was providing a subsidy of 22 rupees 58 paise per 14.2 kg on LPG cylinder and 82 paise per litre on PDS Kerosene and Domestic LPG Subsidy Scheme.

Is this article important for exams ? Yes27 People Agreed
Read more Current Affairs on: CCEA , Prime Minister , Narendra Modi , Subsidy Scheme , Freight Subsidy Scheme

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