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No LPG subsidy for over Rs10 lakh income group: Venkaiah Naidu

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Hyderabad: The NDA government is mulling to lift the subsidy on LPG cylinder for consumers whose annual income is above Rs10 lakh, Union minister M Venkaiah Naidu said in Hyderabad on Saturday.

“Dharmendra Pradhan (minister for petroleum and natural gas) told me that the government has found many of illegal gas connections and is saving thousands of crore of rupees by stopping supply to those consumers,” the Union minister for urban development and parliamentary affairs said.

“They (the government) are also planning that the consumers whose income is above Rs10 lakh, gas subsidy will not be given. Why do they need subsidy? Why ministers need subsidy? So far, 30 lakh people have given up LPG subsidy. That subsidy will be given to poor people,” he said.

Naidu was speaking at an awards function organised by Federation of Andhra Pradesh and Telangana Chambers of Commerce. He said the government has so far brought out about 35 changes in the Foreign Direct Investment (FDI) policy across 15 sectors.

Seeking support from the opposition parties for passing some crucial Bills such as GST Bill, the Union minister said the government is willing to talk to them on pursuing its agenda.

“Our government agenda is development, good governance, elimination of poverty and empowerment of youth and women. The opposition should also cooperate with the government in pursuing these reforms. People want politics of development. We seek the support of all political parties in pursuing developmental agenda in the larger interest of the country,” he said.

Taking a dig at those criticising Prime Minister Narendra Modi, Naidu said they should respect the mandate of the people with tolerance. “Knowingly or unknowingly, some incidents took place in the country and one should not magnify them and show the country in poor light,” he said. He said India is moving on the path of development and attracting investments from outside.

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The major Challenge is to make the Youth of the Country Entrepreneurial and not Job Seekers : Venkaiah Naidu

"The challenge for us is to make the youth entrepreneurial, and not become job seekers," Venkaiah Naidu said pointing to the NDA government's various initiatives.

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Venkaiah Naidu
Venkaiah Naidu. Wikimedia Commons
  • At a time of tepid job growth and continuing income disparities, the major challenge is to make the youth of the country entrepreneurial and not job seekers, Vice President  Venkaiah Naidu said on Thursday.

“Disparities continue to remain in India and so there is a need for inclusive growth… there is the need to take care of the suppressed, oppressed and depressed,” Venkaiah Naidu said at the Bharatiya Yuva Shakti Trust’s (BYST) silver jubilee celebrations here with Britain’s Prince Charles as the chief guest.

“The challenge for us is to make the youth entrepreneurial, and not become job seekers,” Venkaiah Naidu said pointing to the NDA government’s various initiatives to encourage youth enterprises like Startup India, Standup India and the Mudra financing scheme for underprivileged sections.

Modelled on Prince Charles’ Trust for business startups, BYST, founded by Lakshmi Venkatesan, daughter of former President R. Venkatraman, is engaged in building rural entrepreneurship — “grampreneurs” — as also enterprise among under-privileged sections, which includes business mentoring. The current BYST chairman is Bajaj Group chief, Rahul Bajaj.

“Without mentoring, it would be very difficult to set up startups, with all the business, marketing and other vital issues involved in the first two-three years,” Prince Charles said in his address at the International Mentoring Summit organized by BYST to mark its 25 years.

“What amazes me are the sheer number of jobs these young entrepreneurs had created. The aim of such a project should be to create a virtual cycle of creating entrepreneurs who can then invest in the future of business,” Charles said referring to his trust.

BYST was officially launched in 1992 by Prince Charles and expanded its operations to six major regions of India.

Out of these six regions, four — Delhi, Chennai, Pune and Hyderabad — run the urban programme while two regions — Haryana and Maharashtra — run the rural programme.(IANS)

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