Vedanta Group asks employees to give up subsidised LPG

New Delhi: Metals and mining major, Vedanta Group asked its employees to give up use of subsidised  LPG and join Prime Minister Narendra Modi's initiative of  re-deploying the subsidy towards national development. The move comes close on heels of Tata Group requesting its  employees to voluntarily consider giving up use of subsidised  LPG. 

"The 'opt out of LPG subsidy' scheme has our whole-hearted support, and we have encouraged members of the Vedanta family to help achieve the target of 1 crore people giving up LPG  subsidies by the end of the financial year," said Anil Agarwal, Vedanta Group Chairman,. 

"We have always aligned with the national cause  that will enable the much needed funds to reach more  households of the needy,"added more.  The government's subsidy burden was more than Rs 40,000 crore during 2013-14, the statement said, adding that the surrendered subsidy will not only reduce the government's  subsidy bill but also help finances reach more households of  the poor. The Prime Minister had recently said that Rs 100 crore in  subsidy have been saved by 2.8 lakh people giving up the use  of subsidised LPG. 

"This money could be used for schools and providing medical facilities. I appeal to those who can buy LPG at market price to please do not take subsidised LPG," said Narendra Modi.