Move LPG reforms to the front-burner The Centre’s reported decision to cap the subsidy on cooking gas makes perfect sense. Open-ended — and, in effect, unlimited — consumption subsidies on petroleum products simply misallocate resources, stymie investment and jack up the cost of funds across the board. The subsidy on domestic LPG cylinders is also overwhelmingly appropriated by the non-poor and needs to be phased out for the greater good. lensonnews/newdetailpage/2/13/47941/1/move-lpg-reforms-to-the-front-burner.html
Posted on: Fri, 24 Oct 2014 12:20:33 +0000
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