of India's 163.5 million LPG customers avail of subsidies. 147.8 million get these subsidies directly in their bank accounts.
Rs. 10 lakh
income per year or more will be the basis for the oil ministry to deny LPG subsidy. The oil ministry is now working on identifying the financially well-off among all its LPG customers. The income tax department however, has refused to share data on those earning over Rs.10 lakh a year since the IT Act prohibits disclosure of individual taxpayer information.
a year could be saved by the government by limiting LPG subsidy only to those earning less than Rs.10 lakh a year, according to some estimates.
Rs. 21,140 crore
was earmarked for LPG subsidy in the budget for fiscal 2016.