Prime headlines: LPG value hiked; govt clarifies on discom loss ranges

Prime headlines: LPG value hiked; govt clarifies on discom loss ranges

Speculations of discom loss ranges at Rs 90,000 cr grossly inflated: Govt

The Ministry of Energy mentioned on Wednesday that reviews about energy distribution firms (discoms) reaching loss ranges of Rs 90,000 crore in FY2021 appear to be grossly inflated.

Media reviews counting on this deceptive projected figures of discom losses by ICRA don’t take into cognizance the truth that below the present regulatory system of electrical energy tariff dedication, a mechanism of true-up’s already exists that might enable recoveries of losses arising as a result of change in client category-wise consumption patterns coming with Covid induced lockdowns to be coated by way of tariffs within the subsequent 12 months. Learn extra

Home LPG value hiked by Rs 25 a cylinder, to value Rs 859 in Delhi NCR

The worth of a home (14.2 kilogram) Liquefied Petroleum Gasoline (LPG or cooking fuel) cylinder was hiked by Rs 25 apiece on Tuesday. After the hike, a home cylinder would now value Rs 859 apiece within the nationwide capital.

The worth has been hiked in related proportion throughout the nation. Learn extra

Union Cupboard okays Rs 11,040-cr Nationwide Mission on Edible oils-Oil Palm

The Cupboard on Wednesday accredited the Nationwide Mission on Edible Oils Oil Palm (NMEO-OP) with a monetary outlay of Rs 11,040 crore to advertise the home cultivation of oil palm within the subsequent 5 years, and cut back the nation’s dependence on edible oil imports.

The choice comes after Prime Minister Narendra Modi introduced the brand new central scheme on August 15 throughout his Independence Day speech at Pink Fort. Learn extra

Afghanistan low on {dollars} with forex reserves caught overseas

Afghanistan’s forex reserves are largely held in international accounts and are in all probability inaccessible to Taliban rulers, leaving the nation desperately low on {dollars}, Ajmal Ahmady, who led the central financial institution till the seize of Kabul, mentioned.

Da Afghanistan Financial institution (DAB) managed about $9 billion, some $7 billion of which was held as a combination of money, gold, bonds and different investments on the U.S. Federal Reserve, Ahmady, the appearing governor, who has now fled Afghanistan, mentioned on Twitter. Learn extra

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