India Inc has lent its support and pledged to give up the subsidy on liquefied petroleum gas (LPG) cylinders following an appeal by Prime Minister Narendra Modi. These top corporate leaders include the Ambanis, Adani Group chief Gautam Adani, Mahindra chief Anand Mahindra and Phoenix Mills director Gayatri Ruia amongst others.
The TATA Group was one of the first big corporations to appeal to its employees to give up LPG subsidies. The PM said that the wealthy had to do their party to help the underprivileged.
"The idea came from PM Modi, I could have never thought of such an idea. I believe subsidy is not the right way to give away or distribute your wealth, this should be done by asset creation," JSW Steel Director Sajjan Jindal said.
India Inc comes out in support of Narendra Modi, pledges to give up LPG subsidy - IBNLive
The TATA Group was one of the first big corporations to appeal to its employees to give up LPG subsidies. The PM said that the wealthy had to do their party to help the underprivileged.
"The idea came from PM Modi, I could have never thought of such an idea. I believe subsidy is not the right way to give away or distribute your wealth, this should be done by asset creation," JSW Steel Director Sajjan Jindal said.
India Inc comes out in support of Narendra Modi, pledges to give up LPG subsidy - IBNLive
