-The Times of India KOLKATA: Prices of air-conditioners and refrigerators will increase by between Rs 3,500 and Rs 5,500 as early as next week due to stricter energy rating norms that will push up production costs. The Bureau of Energy Efficiency (BEE), the statutory energy conservation body under the power ministry, has tightened energy norms for air-conditioners by one level and those for refrigerators by two levels. This means, an existing five-star...
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Why food prices stay up-Mayank Mishra & Sanjeeb Mukherjee
-The Business Standard The Agricultural Produce marketing Committee law allows mandis to remain in the grip of a middlemen cartel, with clear links to politicians who run the governments Congress Vice-President Rahul Gandhi has, in effect, told chief ministers of party-ruled states that if food inflation is to be controlled, as many items as possible must be got out of the purview of the Agricultural Produce marketing Committee (APMC) Act. For the time...
More »India Inc ready for business under Lokpal watch-Lubna Kably & Namrata Singh
-The Times of India MUMBAI: After Parliament's assent to the Lokpal Bill, India Inc has engaged legal eagles and consultants to examine its ramifications. At first glance, it appears that nothing much changes for the corporate sector, which is governed by anti-corruption legislations such as the Indian Penal Code or The Prevention of Corruption Act. Besides, as business is now global, anti-corruption laws of other countries also apply. Yet, with the bill...
More »Rs 2,000 Cr Sent to Accounts of 40 Mn Consumers of LPG
-Outlook In the last six months, the Government has transferred over Rs 2,000 crore in the accounts of 40 million consumers under the Direct Benefit Transfer for LPG (DBTL) scheme in 184 districts. "The scheme thus far has been a stupendous success with more than 40 million cash transfers to the consumer's bank accounts. A total sum of over 2,000 crore has been transferred in these high Aadhaar coverage districts providing direct...
More »1200 tons of apples and potatoes rot in Uttarkhand -Seema Sharma
-The Times of India DEHRADUN: Around 1200 tons of apples and potatoes have rotted in areas affected by the June flash floods in Uttarkhand as the Garhwal Mandal Vikas Nigam (GMVN) could not move them to the markets due to poor connectivity of roads. Many roads are still not in a passable state in the region. The GMVN has suffered huge losses. GMVN's general manager of marketing Pratap Shah said, "GMVN had no...
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