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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...

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62% petrol used by two-wheelers, 27% by cars, survey shows -Sanjay Dutta

-The Times of India NEW DELHI: The government touted petrol as rich man's Fuel to stop subsidy. But a latest survey shows 62% of the Fuel flowing into the market is consumed by the aam aadmi's sawari - two-wheelers - while about 2% is being sold loose by people to earn their livelihood in remote villages and coastal areas. The survey, conducted by Nielsen for the oil ministry's think-tank - Petroleum...

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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...

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Global warming lull haunts authors of key climate report

-AP STOCKHOLM: Scientists working on a landmark UN report on climate change are struggling to explain why global warming appears to have slowed down in the past 15 years even though greenhouse gas emissions keep rising. Leaked documents obtained by Associated Press show there are deep concerns among governments over how to address the issue ahead of next week's meeting of the Intergovernmental Panel on Climate Change. Climate skeptics have used the lull...

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Onions drive inflation to six-month high at 6% in August-Somesh Jha

-The Business Standard Central bank chief Raghuram Rajan likely to retain stance later this week, say economists Inflation in onions skyrocketed to 244.62% in August against already high 119.4% in the previous month, jacking up the the rate of wholesale price rise to a six-month high of 6.10% from 5.8% in July, official data showed today. Ironically, onion prices can't be brought down by interest rate policy, but it is all set to...

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