A clarification on delinking Aadhaar account from disbursal of subsidised LPG cylinders would be issued within a week, the minister told the Lok Sabha
Consumers across the country can buy subsidised LPG cylinders without an Aadhaar-linked bank account, the government informed the Lok Sabha on Friday.
A clarification on delinking Aadhaar account from disbursal of subsidised LPG cylinders would be issued within a week, Petroleum and Natural Gas Minister Veerappa Moily said during the Question Hour.
As far as direct benefit transfer (DBT) is concerned, Cabinet has decided to delink Aadhar account from disbursal of subsidised LPG cylinders. Now, subsidised cylinders can be purchased without Aadhaar account, the minister said.
He said there have been some problems in DBT programme, mainly related to banks, which have been given Rs435 per cylinder (for subsidy) which is not enough since the subsidised price of one cylinder has increased to Rs700.
He also emphasised that the government has not increased the price of subsidised cylinders for consumers.
Under DBT, about 4.86 crore accounts have been made and around 2.06 crore households have received subsidised cylinders.
Regarding know your customer (KYC) norms for LPG connections, the minister said the government has already issued clarifications regarding multiple connections and would liberally look into the matter if required.
“If there are two separate LPG connections in the same address, it would be allowed if there are separate kitchens or separate households... A declaration has to be made (by the consumer),” he added.
SEBI has asked Green Ray International and its directors to wind up their existing collective investment schemes-CIS and refund collected money to the investors along with offered returns
Market regulator Securities and Exchange Board of India (SEBI) in its order dated 3 February 2014, asked Green Ray International Ltd and its directors to wind up their collective investment schemes (CIS). SEBI also directed the company to refund all the money collected from investors under the CIS along with offered returns and dues of investors within three months.
Green Ray International raised Rs45.50 crore as on 31 March 2011, through illegal collection by running a CIS without obtaining a certificate of registration from SEBI.
During investigation, SEBI found that, Green Ray International has collected money under six investment plans namely; Real Gold Plan, Ever Green Plan, Marriage Plan, Tycoon Plan, Happy Nation Plan and Green Line Plan. The company was engaged in fund mobilising activity from the public, by floating, sponsoring and launching CIS.
SEBI barred Green Ray International, its managing director, Mir Shahiruddin and its directors, Mir Tahiruddin, Ayub Saha and Khalik Saha from collecting money from investors and launch any collective investment schemes under sections 11 and 11B of the Securities and Exchange Board of India Act, 1992 with regulation 65 of the Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999.
SEBI also restrained the company and its directors from accessing the securities market and prohibited them from buying, selling or dealing in securities market till all the collective investment schemes are wound up by the company and all the money mobilised through such schemes are refunded to its investors with returns which are due to them.