TUESDAY, JANUARY 17, 2017 (PAGE 14) DAILY EXCELSIOR,...

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NEW DELHI, Jan 16: The Government today ruled out reverting to the system of sub- sidising auto fuel but said it may resort to cut in excise duties if rate hike "pinches hard" even as there has been Rs 5.21 per litre hike in petrol price and Rs 4.45 in diesel rates since December. "There will be no subsidy regime in petrol and diesel," Oil Minister Dharmendra Pradhan said. "Petrol price was deregulated in June 2010 and diesel in October 2014 and the same will continue." The surge in international oil prices has led to petrol prices being hiked for the fourth time since December and thrice in case of diesel. Petrol price was hiked by 42 paisa and diesel by Rs 1.03 a litre (excluding local levies), effective last midnight. Petrol in Delhi now costs Rs 71.14 a litre as against Rs 65.93 in end November. Similarly, diesel rates have gone up from Rs 54.57 a litre to Rs 59.02. "There will be no going back to subsidisation. Subsidies are anti-poor. Subsidy should be given only to needy persons and not to people who can afford," he said, indicating that auto fuels are being mostly consumed by people who can afford them. Asked if the Government will look at cutting excise duty, he said no developed country had passed on the entire slump in global oil prices that began in second half of 2014 to take crude to more than a decade low, to consumers. Even oil producing nations like Saudi Arabia and UAE used it as an opportunity to cut subsi- dies, he said, adding that India raised excise duty to take away part of the gain arising from slump in global oil prices then. "We passed on 50 per cent of the benefit of oil prices slump to consumers and the rest 50 per cent we recouped by way of raising excise duty. This addi- tional revenue was used to fund infrastructure and social proj- ects," he said. When oil prices slumped in the second half of 2014 and early 2015, the Government hiked excise duty on petrol and diesel nine times to mop up additional revenues that helped it meet its revenue and fiscal deficit targets. In all, it raised excise duty on petrol by Rs 11.77 a litre and that on diesel by Rs 13.47. But global oil prices have been moving up since oil cartel OPEC last month agreed to cut output for the first time in eight years. India, which depends on imports to meet 80 per cent of its oil needs, will have to spend Rs 9,126 crore (USD 1.36 bil- lion) more every year for one dollar per barrel increase in crude oil. Besides, the rising crude oil trajectory impacts inflation and growth. India spent USD 63.96 bil- lion on crude oil import in 2015- 16, about half of USD 112.7 bil- lion outgo in the previous fiscal and USD 143 billion in 2013- 14. For the current fiscal, the import bill has been pegged at USD 66 billion at an average import price of USD 48 per bar- rel.(PTI) NEW DELHI, Jan 16: Unhappy over BSF's interim report on a jawan's allegation about poor quality food being served to security personnel, the force has been given two more days by the Union Home Ministry to submit a detailed factual report on the controversy. BSF Director General K K Sharma met Union Home Secretary Rajiv Mehrishi today and discussed with him various issues concerning the force. "A few days ago, the BSF has given its interim report. They sought two more days to give a final report on the complaint of poor quality food," a senior Home Ministry official said. Official sources said the Home Ministry seems to be unhappy with the interim report given by the BSF on its jawan Tej Bahadur Yadav's complaint that poor quality food was being served to the jawans posted along the border with Pakistan. BSF has maintained that there was no shortage of rations at any post and security personnel deployed along the border had never complained about food. They said the Home Ministry is looking at the issue of overall welfare policy for constabulary and how to improve their conditions as well as quality of food and directed the BSF to give a detailed report along with suggestions to improve conditions of jawans. At the same time, the Ministry is of the opinion that no indiscipline would be tolerat- ed among the jawans and any- one having complaint must utilise the existing grievance redressal mechanism rather than going public or using social media to highlight the problems. (PTI) TUESDAY, JANUARY 17, 2017 (PAGE 14) DAILY EXCELSIOR, JAMMU SINCERE THANKS to Sh. Nazir Ahmed Gurezi, Hon'ble Deputy Speaker, Hon'ble Ministers : Choudhary Zulfiqar Ali, and Sh. Chering Dorjay, Hon'ble MLAs : Sh. Nawang Rigzin Johra, Sh. Javed Ahmed Rana, Sh. Ajaz Ahmed Khan, Sh. Asgar Karbalai, Sh. Mumtaz Ahmed Khan, Choudhary Mohd Akram, Sh. Syed Mohammad Baqir Rizvi, Sh. Qammer Hussain Choudhary, Sh. Raja Manzoor Ali, Sh. Deldan Namgail, Sh. Jeevan Lal, Sh. Dina Nath, Dr. Krishan Lal, Sh. Kuldeep Raj and Sh. Neelam Langeh. FOR TAKING UP THE ISSUE OF RESERVATION IN PROMOTIONS WTH MS. MEHBOOBA MUFTI, HON'BLE CHIEF MINISTER Dr. Zabeer Ahmed Dr. Sanjay Bhasin General Secretary President JAMMU KASHMIR RESERVE CATEGORIES EMPOWERMENT ALLIANCE (JKRCEA) Government of India Ministry of Health & Family Welfare (Nursing Section) Advertisement Event: National Florence Nightingale Awards - 2017 Ministry of Health & Family Welfare announces the National Florence Nightingale Nurses Awards for the year 2017. Nursing Personnel working in the State, Central, Autonomous Institution, Private, Missionary and Voluntary Organization are eligible to apply for the Award. The Award Ceremony will be held on 12th May 2017. The application form and guidelines in this regard can be downloaded from www .mohfw .nic.in , www .indianursingcouncil.org, www .tnaionline.org and www .nursingandmidwifery .gov .in davp 17111/11/0007/1617 JAMMU CLUB, JAMMU M.A.M, Sports Complex, Jammu - 180001 NOTICE INVITING TENDERS The sealed tenders are invited for Civil Works in respect of the renovation and refurbishment of Jammu Club Auditorium. The bidders having sound financial back- ground and rich experience may submit their bid in two cover system, addressed to Hony. Secretary, Jammu Club, Jammu, latest by 31.01.17 along with the EMD amounting to Rs. 75,000/- pledged to Hony. Secretary, Jammu Club, Jammu. The detailed tender documents can be purchased from the Club Office on any working day against payment of Rs. 500/- by cash/demand draft. The last date for purchase of ten- der documents is 28.01.17. The approximate cost of work is Rs. 35 Lacs. Sd/- JCJ-005926 (Er. Raman Samnotra) Dated : 16.01.17 Hony. Secretary Jawan’s video: BSF gets two more days to submit report No returning to subsidies on petrol, diesel: Govt

Transcript of TUESDAY, JANUARY 17, 2017 (PAGE 14) DAILY EXCELSIOR,...

Page 1: TUESDAY, JANUARY 17, 2017 (PAGE 14) DAILY EXCELSIOR, …epaper.dailyexcelsior.com/epaperpdf/2017/jan/17jan17/page14.pdf · look at cutting excise duty, he said no developed country

NEW DELHI, Jan 16:

The Government today ruledout reverting to the system of sub-sidising auto fuel but said it mayresort to cut in excise duties if ratehike "pinches hard" even as therehas been Rs 5.21 per litre hike inpetrol price and Rs 4.45 in dieselrates since December.

"There will be no subsidyregime in petrol and diesel," OilMinister Dharmendra Pradhansaid. "Petrol price was deregulatedin June 2010 and diesel in October2014 and the same will continue."

The surge in international oilprices has led to petrol pricesbeing hiked for the fourth timesince December and thrice incase of diesel. Petrol price washiked by 42 paisa and diesel byRs 1.03 a litre (excluding locallevies), effective last midnight.

Petrol in Delhi now costs Rs71.14 a litre as against Rs 65.93in end November. Similarly,diesel rates have gone up fromRs 54.57 a litre to Rs 59.02.

"There will be no going backto subsidisation. Subsidies areanti-poor. Subsidy should begiven only to needy persons andnot to people who can afford," hesaid, indicating that auto fuels arebeing mostly consumed by peoplewho can afford them.

Asked if the Government willlook at cutting excise duty, he saidno developed country had passedon the entire slump in global oilprices that began in second half of2014 to take crude to more than adecade low, to consumers.

Even oil producing nationslike Saudi Arabia and UAE usedit as an opportunity to cut subsi-dies, he said, adding that Indiaraised excise duty to take awaypart of the gain arising fromslump in global oil prices then.

"We passed on 50 per cent ofthe benefit of oil prices slump toconsumers and the rest 50 percent we recouped by way ofraising excise duty. This addi-tional revenue was used to fundinfrastructure and social proj-ects," he said.

When oil prices slumped in

the second half of 2014 and early2015, the Government hikedexcise duty on petrol and dieselnine times to mop up additionalrevenues that helped it meet itsrevenue and fiscal deficit targets.In all, it raised excise duty onpetrol by Rs 11.77 a litre and thaton diesel by Rs 13.47.

But global oil prices havebeen moving up since oil cartelOPEC last month agreed to cutoutput for the first time in eightyears.

India, which depends onimports to meet 80 per cent ofits oil needs, will have to spendRs 9,126 crore (USD 1.36 bil-lion) more every year for onedollar per barrel increase incrude oil. Besides, the risingcrude oil trajectory impactsinflation and growth.

India spent USD 63.96 bil-lion on crude oil import in 2015-16, about half of USD 112.7 bil-lion outgo in the previous fiscaland USD 143 billion in 2013-14. For the current fiscal, theimport bill has been pegged atUSD 66 billion at an averageimport price of USD 48 per bar-rel.(PTI)

NEW DELHI, Jan 16:

Unhappy over BSF's interimreport on a jawan's allegationabout poor quality food beingserved to security personnel, theforce has been given two moredays by the Union Home Ministryto submit a detailed factual reporton the controversy.

BSF Director General K KSharma met Union HomeSecretary Rajiv Mehrishi todayand discussed with him variousissues concerning the force.

"A few days ago, the BSF hasgiven its interim report. Theysought two more days to give afinal report on the complaint ofpoor quality food," a senior HomeMinistry official said.

Official sources said theHome Ministry seems to beunhappy with the interim reportgiven by the BSF on its jawanTej Bahadur Yadav's complaintthat poor quality food was beingserved to the jawans postedalong the border with Pakistan.

BSF has maintained that therewas no shortage of rations at any

post and security personneldeployed along the border hadnever complained about food.

They said the HomeMinistry is looking at the issueof overall welfare policy forconstabulary and how toimprove their conditions as wellas quality of food and directedthe BSF to give a detailed reportalong with suggestions to

improve conditions of jawans.At the same time, the

Ministry is of the opinion thatno indiscipline would be tolerat-ed among the jawans and any-one having complaint mustutilise the existing grievanceredressal mechanism rather thangoing public or using socialmedia to highlight the problems.(PTI)

TUESDAY, JANUARY 17, 2017 (PAGE 14) DAILY EXCELSIOR, JAMMU

SINCERE THANKSto

Sh. Nazir Ahmed Gurezi, Hon'ble Deputy Speaker,Hon'ble Ministers : Choudhary Zulfiqar Ali, and Sh.Chering Dorjay, Hon'ble MLAs : Sh. Nawang RigzinJohra, Sh. Javed Ahmed Rana, Sh. Ajaz Ahmed Khan,Sh. Asgar Karbalai, Sh. Mumtaz Ahmed Khan,Choudhary Mohd Akram, Sh. Syed Mohammad BaqirRizvi, Sh. Qammer Hussain Choudhary, Sh. RajaManzoor Ali, Sh. Deldan Namgail, Sh. Jeevan Lal, Sh.Dina Nath, Dr. Krishan Lal, Sh. Kuldeep Raj and Sh.Neelam Langeh.

FOR TAKING UP THE ISSUE OF RESERVATION IN PROMOTIONS

WTH

MS. MEHBOOBA MUFTI, HON'BLE CHIEF MINISTER

Dr. Zabeer Ahmed Dr. Sanjay BhasinGeneral Secretary President

JAMMU KASHMIR RESERVECATEGORIES EMPOWERMENT

ALLIANCE (JKRCEA)

Government of IndiaMinistry of Health & Family Welfare

(Nursing Section)Advertisement

Event: National Florence Nightingale Awards - 2017Ministry of Health & Family Welfare announces the NationalFlorence Nightingale Nurses Awards for the year 2017.Nursing Personnel working in the State, Central, AutonomousInstitution, Private, Missionary and Voluntary Organization areeligible to apply for the Award. The Award Ceremony will beheld on 12th May 2017. The application form and guidelines inthis regard can be downloaded from www.mohfw.nic.in,www.indianursingcouncil.org, www.tnaionline.org andwww.nursingandmidwifery.gov.in

davp 17111/11/0007/1617

JAMMU CLUB, JAMMUM.A.M, Sports Complex, Jammu - 180001

NOTICE INVITING TENDERSThe sealed tenders are invited for Civil Works in respect of the renovation and

refurbishment of Jammu Club Auditorium. The bidders having sound financial back-ground and rich experience may submit their bid in two cover system, addressed toHony. Secretary, Jammu Club, Jammu, latest by 31.01.17 along with the EMDamounting to Rs. 75,000/- pledged to Hony. Secretary, Jammu Club, Jammu. Thedetailed tender documents can be purchased from the Club Office on any working dayagainst payment of Rs. 500/- by cash/demand draft. The last date for purchase of ten-der documents is 28.01.17. The approximate cost of work is Rs. 35 Lacs.

Sd/-JCJ-005926 (Er. Raman Samnotra)Dated : 16.01.17 Hony. Secretary

Jawan’s video: BSF gets two more days to submit reportNo returning to subsidies on petrol, diesel: Govt