The growth rate of petrol consumption is set to fall below 5% in the current fiscal, the first time in five years. Meanwhile, the consumption of diesel continues to grow at 7%, adding to the losses of the oil marketing companies on account of subsidies. In India, diesel is subsidized while petrol is not, and the price difference has led to more buyers opting for vehicles driven by the cheaper fuel. According...
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Manmohan turns down Waterman's resignation from Ganga Authority
-The Hindu PMO holds talks with Magsaysay Award winner Rajendra Singh The Prime Minister's Office has asked Magsaysay Award winner Rajendra Singh – better known as Waterman -- to re-consider his resignation from the National Ganga River Basin Authority. Mr. Singh and his Authority colleagues Ravi Chopra and R. H. Siddiqi had quit two days ago in protest against alleged indifference of the Central Government towards protection of the Ganga river. Mr. Singh has...
More »Gujarat 2002 and Modi’s Misdeeds by Anand Teltumbde
Ten years after the killings in Gujarat, Narendra Modi has neither expressed regret nor has he been held accountable for those mass deaths. Where do we go from here? Anand Teltumbde (tanandraj@gmail.com) is a writer and civil rights activist with the Committee for the Protection of Democratic Rights, Mumbai. Just thinking of it, a shiver runs down my spine. I had my own brush with how the Hindutva gangs carried out the...
More »Need regulation to make sure that financial inclusion becomes cost-effective by Ashok Khemka
One of the key factors to inclusive growth is financial inclusion for all. Financial inclusion refers to universal access to a wide range of banking solutions and financial services in a fair, predictable and transparent manner at affordable costs. The poor tend to be ignored because the transaction costs in serving them are high. Initiatives that reduce these costs will allow service providers to begin thinking of financial services for...
More »White paper on black money likely in Budget Session: Govt
-PTI The Government today said it is likely to table a White Paper on black money during the ongoing Budget Session of Parliament, but maintained that there is no authentic estimate of the quantum of illicit wealth. "The white paper is likely to be brought during the Budget Session," Minister of State for Finance S S Palanimanickam informed the Rajya Sabha in a written reply. The White Paper is expected to contain information...
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