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It is welcome the Centre has asked oil companies to raise domestic LPG (cooking gas) prices by Rs4 per cylinder every month until the entire subsidy of about Rs87 per cylinder is (1) out.
Following the (2) of direct benefits transfer for LPG to below poverty line (BPL) households, it makes no sense to provide such consumption subsidies for the non-poor.
We do need to better allocate resources, for much-needed social and physical infrastructure. Note that the amount involved in providing subsidies on household fuels is huge and rising, about Rs30,000 crore per annum.
Subsidised kerosene, a sooty pre-modern fuel and a poor source of light, needs to be (3) replaced with aids like solar lanterns. It should (4) improve public health. We also need to (5) market design for domestic LPG, complete with norms for sharing (6) infrastructure for supply and storage.
What’s required is proactive policy to have parallel marketing of LPG, instead of simply mandating the trio of public sector oil companies to monopolise and corner the market. The efficiency gains from a more competitive LPG market would be very significant (7) . It would boost entrepreneurship, step up supply and is actually likely to reduce costs and prices going forward, transparently.
Piped supply of gas in towns would be cheaper than distribution via cylinders. Composite cylinders would lower costs, as compared to steel ones.
The government had earlier asked the LPG retailers to revise prices by Rs2 per month, to gradually remove the subsidy involved. The move now is to fast-track the price (8) , so as to better allocate (9) resources. The upfront subsidy (10) the market, breeds corruption and comes in the way of efficiency improvement.
- 1) adorn
2) bedeck
3) activated4) wipedAnswer & Explanation
Answer – 4)
Explanation: wiped – clean or dry (something) by rubbing with a cloth, a piece of paper, or one’s hand. - 1) inadvertent
2) implementation
3) spirited
4) vivacious
Answer & Explanation
Answer – 2)
Explanation: implementation – the process of putting a decision or plan into effect; execution. - 1) dynamic
2) abandoning
3) promptly
4) prettify
Answer & Explanation
Answer – 3)
Explanation: promptly – with little or no delay; immediately. - 1) hugely
2) ignorance
3) behindhand
4) heedless
Answer & Explanation
Answer – 1)
Explanation: hugely – very much; to a very great extent. - 1) disregard
2) revamp
3) derelict
4) distinct
Answer & Explanation
Answer – 2)
Explanation: revamp – give new and improved form, structure, or appearance to. - 1) delinquent
2) cursory
3) bulky
4) questionably
Answer & Explanation
Answer – 3)
Explanation: bulky – taking up much space; large and unwieldy. - 1) redoubtably
2) nonchalant
3) offhand
4) indeed
Answer & Explanation
Answer – 4)
Explanation: indeed – used to emphasize a statement or response confirming something already suggested. - 1) plentiful
2) slack
3) revision
4) slapdash
Answer & Explanation
Answer – 3)
Explanation: revision – the action of revising. - 1) slipshod
2) frequent
3) abundant
4) scarce
Answer & Explanation
Answer – 4)
Explanation: scarce – (especially of food, money, or some other resource) insufficient for the demand. - 1) slovenly
2) sloppy
3) distorts
4) incurious
Answer & Explanation
Answer – 3)
Explanation: distorts – pull or twist out of shape.
