Maharashtra govt launches a massive crackdown on mafia. Two days after Additional Collector Yashwant Sonawane was killed after he intercepted the Adulteration of petroleum products, the Maharashtra government launched a massive crackdown on suspected adulterators in the state. Raids were carried out at over 200 locations across Maharashtra and the police have arrested some 180 people. At the Centre, the government announced measures to prevent the Adulteration of auto fuels with cheaper...
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A Rs 10,000cr kerosene black market killed Yeshwant Sonawane by Sanjay Dutta
A thriving black market in kerosene, estimated to be worth Rs 10,000 crore every year, killed additional collector Yeshwant Sonawane. A litre of kerosene sold at ration shops is often costlier than a bottle of packaged water. Most of this "poor man's fuel" is pilfered and sold in the black market for a price that's two or three times higher. It's really money for jam. Sonawane tried to meddle with this...
More »Oil gang burns collector alive by Satish Nandgaonkar
In the middle of a debate about corruption in high places, the curse struck in a macabre manner from the base of the pyramid on the eve of the celebration of the republic. An additional collector was burnt alive in daylight by a gang that sprinkled kerosene on him after the 44-year-old officer caught their aides pilfering fuel from a tanker in Maharashtra’s Nashik today. The prime suspect, who has a history...
More »Revamping foodgrain policy by CSC Sekhar
THE issue of foodgrain management policy has assumed renewed importance with several reports in the media of large-scale wastage and diversion from the public distribution system (PDS). In a cogently-argued paper recently, Prof Kaushik Basu, a well-known economist and the chief economic adviser in the ministry of finance, has argued for foodgrain to be released in lots of much smaller size into the market, than is presently done by the...
More »RBI's policy dilemma
This week’s good news on food price inflation was evened out by the bad news on fuel prices hike. But, both were along expected lines. Thanks to the so-called “base effect” — the fact that last year this time food prices were rising sharply and since last year’s prices become the denominator in this year’s price ratio, the rate of inflation would be expected to moderate — and to an...
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