If this work is not done within 7 days, LPG subsidy will be stopped, government tightened the rules

New Delhi: If you are also availing the benefit of subsidy on LPG, then this news is very important for you. In view of the rising prices of crude oil across the world and the increasing burden on the government exchequer, the Central Government has taken a major decision. Now government oil companies like Indian Oil (IOC), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) are directly using the data of Income Tax Department. The objective is clear – to exclude from the list of subsidies those who are not entitled to it.

Companies have started identifying such consumers and will soon cut their subsidies. However, the government has also given an opportunity for clarification. If you feel you are entitled to a subsidy, you will get only 7 days to apply. Let us know what is the whole matter.

Those earning more than ₹10 lakh will be punished

According to a report in ‘Mint’, the government is going to stop subsidies for those whose annual income is ₹ 10 lakh or more. The government argues that instead of giving subsidies to rich families, that money should be used for the well-being of the poor and the energy security of the country. Oil companies have also started action in this direction at the ground level.

Getting warning and 7 day ultimatum through SMS

Oil companies have started sending messages (SMS) to those customers whose tax records show that their gross taxable income or that of any member of their family is more than the prescribed limit. This message clearly warns that if the customer feels that the tax department’s data is incorrect, he can lodge his objection within 7 days.

If no response is given in these 7 days, the gas subsidy will be stopped forever. To make a complaint, consumers can express their views by visiting the toll-free helpline of the companies or their official website.

After all, why was the government so strict?

Crude oil prices in the international market are at record levels, due to which there is huge pressure on India’s foreign exchange reserves. The government has a big challenge to reduce the fiscal deficit. For this reason, oil companies have taken many other steps to reduce subsidy expenditure.

At present the pace of giving new gas connections has been slowed down. Apart from this, the time between two cylinder booking (refill gap) has also been increased so that the gas consumption can be controlled.

‘Emergency’ like environment to save dollars

If sources are to be believed, high-level meetings are going on between officials of the Prime Minister’s Office (PMO), Finance Ministry and RBI. The government is preparing to tighten not only the prices of fuel but also the import of ‘non-essential’ goods like gold and electronics. At present, the entire emphasis of the government is on saving dollars and keeping the country’s economy stable.