-The Business Standard Oil minister says Parikh report sound but government has to take realities into account; to proceed with Direct Benefits Transfer in 291 districts from January despite SC order Union petroleum minister M Veerappa Moily said there'd be no raising of the present cap on the number of subsidised cooking gas (LPG) cylinders a household was entitled to in a year. In the wake of severe electoral reverses for the ruling...
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Parikh panel wants diesel price hiked by Rs. 5
-The Hindu Recommends six subsidised LPG cylinders per household in a year The Government-appointed Kirit Parikh Committee has recommended a price increase of Rs. 5 per litre in diesel, Rs. 4 per litre in kerosene, and Rs. 250 in LPG cylinder with immediate effect. It has also recommended that the subsidised LPG cylinders be reduced from the present nine to six cylinders per annum to each household. It has pitched for capping the...
More »Veerappa Moily proposes 'Bus Day' once a week
-IANS NEW DELHI: As part of its efforts to conserve fuel, the union government proposes to declare one day in a week as " Bus Day" when all employees will use public transport, petroleum minister M Veerappa Moily on Tuesday said. "One day in a week is to be declared as 'Bus Day' as part of the petroleum ministry's mega fuel conservation campaign," Moily told media persons here. "I have also urged all...
More »Ripple effect of rising fuel prices: Get used to high food prices, RBI can do little to counter them -Avinash Celestine
-The Economic Times Like his predecessor, RBI governor Raghuram Rajan too remains worried about inflation. And despite repeated attempts, the RBI has had mixed success in taming prices. Reserve Bank of India governor Raghuram Rajan has clearly decided to play spoilsport to the markets. By making it clear that he, like his predecessor, remains worried about inflation, he has also effectively signalled that with consumer prices at 9.5%, markets shouldn't expect those...
More »Diesel, LPG hike decision in a few weeks: oil secretary
-Reuters Govt is considering Rs3-5 hike in diesel prices The government will decide on raising the retail prices of diesel and cooking gas (LPG) in a few weeks, the oil secretary said on Thursday, in a bid to cut the biggest item in its import bill and support the local currency. India, the world's fourth-biggest oil consumer, is considering a Rs 3 to Rs 5 hike in the price of diesel, which...
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