The Delhi Government had earlier withdrawn the subsidy of Rs.40 on LPG cylinders and levied a five percent VAT on CNG.
It means that the price of LPG gas cylinders will now increase by Rs. 25 and can be purchased at Rs 307.80 per unit by general public in Delhi.
On March 22, announcing the budget, Delhi Finance Minister A. K. Walia had said that the withdrawal of subsidy on LPG and enhancement in VAT rates were necessitated by the increased expenditure on infrastructural projects related to Commonwealth Games 2010.
The Delhi Government had removed the current subsidy of Rs. 40 on the LPG, which would have led to increase in prices up to Rs 322.80 per gas cylinder.
Walia had said that the withdrawal of subsidy would have relieved the State Government of a burden of Rs 160 to Rs 170 crore per annum.
FOR DETAILED NEWS, PLZ CLICK THE HEADLINE ABOVE.
With thanks : Source : Daily India
No comments:
Post a Comment