The Election Commission has objected to the Centre's decision to raise the cap on subsidised LPG cylinders from 6 to 9 in view of the Gujarat assembly elections kicking off on Thursday, according to reports.
Earlier Petroleum minister M Veerappa Moily has said that the cap on subsidised LPG cylinders would be raised to nine from six per household
The Election Commission wrote to Moily asking him to give his explanation by 11 am Wednesday, report says.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.