Modi urges well-off Indians to give up gas subsidies

Published March 27, 2015
The Indian leader also said the country should cut oil, gas and petrol imports by 10 per cent over the next seven years as it seeks to reduce its energy bills and become more self-sufficient. - Reuters/File
The Indian leader also said the country should cut oil, gas and petrol imports by 10 per cent over the next seven years as it seeks to reduce its energy bills and become more self-sufficient. - Reuters/File

NEW DELHI: Prime Minister Narendra Modi on Friday urged affluent Indians to give up their cooking gas subsidies to help the energy-starved country's poor access clean fuel.

Fuel subsidies are a massive expense in India, contributing to an overall subsidy bill that ballooned to $43 billion, or two per cent of gross domestic product (GDP), under the previous government.

“I appeal to all those who can afford cooking gas at market rates to please give up your gas subsidies,” Modi said at an energy conference in New Delhi. “The money we save with your help, we will use for the poor so that they have access to clean energy too.“

He said 280,000 consumers had already voluntarily unsubscribed from a programme that offers subsidised cooking gas, helping the government save one billion rupees. Many poor Indian households cook their meals over smoky earthen stoves fired by wood, hay or cow dung, causing respiratory problems — particularly among children.

The Indian leader also said the country should cut oil, gas and petrol imports by 10 per cent over the next seven years as it seeks to reduce its energy bills and become more self-sufficient.

Since taking office last year, Modi has lifted diesel price controls to reduce the national energy bill and opened millions of bank accounts to enable subsidies to go directly to the poor and circumvent corruption.

Opinion

Editorial

By-election trends
Updated 23 Apr, 2024

By-election trends

Unless the culture of violence and rigging is rooted out, the credibility of the electoral process in Pakistan will continue to remain under a cloud.
Privatising PIA
23 Apr, 2024

Privatising PIA

FINANCE Minister Muhammad Aurangzeb’s reaffirmation that the process of disinvestment of the loss-making national...
Suffering in captivity
23 Apr, 2024

Suffering in captivity

YET another animal — a lioness — is critically ill at the Karachi Zoo. The feline, emaciated and barely able to...
Not without reform
Updated 22 Apr, 2024

Not without reform

The problem with us is that our ruling elite is still trying to find a way around the tough reforms that will hit their privileges.
Raisi’s visit
22 Apr, 2024

Raisi’s visit

IRANIAN President Ebrahim Raisi, who begins his three-day trip to Pakistan today, will be visiting the country ...
Janus-faced
22 Apr, 2024

Janus-faced

THE US has done it again. While officially insisting it is committed to a peaceful resolution to the...