-The Hindustan Times The Supreme Court will on Wednesday hear the government's plea in the sub-quota for minorities issue. Earlier on Monday, the apex court expressed its displeasure and pulled up the Centre for its casual handling of the "complex" and "sensitive" issue of 4.5% sub-quota for minorities within the 27% reservation for OBCs in central educational institutions like IITs. The Centre on Tuesday placed before the apex court the "relevant" material and...
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Part rollback of petrol hike likely by end-May
-The Times of India Minutes after the Congress demanded relief from the steep hike in petrol price, state-run oil marketers on Thursday indicated they could reduce the price by the month-end if the rupee and international oil prices held steady. "Current trend indicates that prices can come down," IndianOil chairman R S Butola said. He was speaking just after Congress publicly asked for a reduction in the hike. "We are genuinely sensitive to...
More »Let's dismantle the gallows forever-Rajindar Sachar
India has persisted in retaining the death penalty, notwithstanding the fact that 139 countries across the world have already abolished it while 150 others have put a moratorium on it. The United Nations passed a resolution on September 20, 2010, appealing to all nations to observe a moratorium on the death penalty if they are not agreeable to passing a legislation abolishing it. That formidable opposition to the death penalty seemed...
More »Oil firms’ losses on fuel sales may spike next fiscal-Utpal Bhaskar
Government-owned oil marketing companies (OMCs) may witness a 52% jump in losses on account of selling fuel below cost at state-mandated prices to Rs.2 trillion in the next financial year, said R.S. Butola, chairman, Indian Oil Corp. Ltd (IOC), the nation’s largest fuel retailer. Such an increase will impact the financials of government-owned OMCs such as IOC, Hindustan Petroleum Corp. Ltd (HPCL) and Bharat Petroleum Corp. Ltd (BPCL), which currently register...
More »Government may be forced to keep its reform bills in cold storage
-The Economic Times The government may be forced to trim its legislative agenda - including pushing through long-pending bills on pensions, insurance and banking - following Congress' debacle in Uttar Pradesh and Punjab Assembly elections. Pension, insurance and banking sector reforms are part of the legislative agenda of the UPA government but BJP leaders told finance minister Pranab Mukherjee at an outreach session that the government should first set its House in...
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