-PTI The Competition Commission of India (CCI) today imposed a penalty of Rs 165.58 crore on 48 LPG cylinder makers for forming a cartel while bidding during the tenders floated by Indian Oil in 2010-11. The competition watchdog imposed the penalty after finding them guilty of manipulating the bids and quoting "identical rates in groups through an understanding and collusion action". The ruling was based on the findings of the CCI's Director General...
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Politicians I funded are after me now: Sarkhel
-The Times of India Bapi Sarkhel, in the eye of a storm since the December 14 violence near Poscoproject site in Jagatsinghpur, said on Thursday certain politicians seeking his arrest had benefited from him in the past, but turned against him as they saw him as a threat. Police has booked him on charges of fomenting trouble in the proposed Posco steel plant site and attacking anti-land acquisition villagers in the...
More »Posco clash: Orissa shifts officer, Oppn demands inquiry by Debabrata Mohanty
Two days after a clash at the proposed Posco site that left one person dead, the Orissa government on Friday shifted senior IAS officer Priyabrata Patnaik from the post of chairman-cum-managing director of Industrial Infrastructure Development Corporation (IDCO) even as the opposition continued to demand a CBI or a judicial probe into the incident. With just about a year to retire, Patnaik, a 1976 batch officer, has been posted as additional...
More »What goes down will surely go up by Raghuvir Srinivasan
Singapore spot market, not production costs, driving Indian petrol price Have you ever wondered why when petrol prices go up or down they do so uniformly across the retail outlets of the three oil marketing companies — Indian Oil, Hindustan Petroleum and Bharat Petroleum? If they are three different companies with their own refineries and distribution systems, then surely their costs and selling prices must be different? Welcome to the strange world...
More »Reviving Universal PDS: A Step Towards Food Security by Suranjita Ray
An unprecedented economic growth during the last decade has also seen increasing malnutrition, hunger and starvation amongst certain sections of society. India ranks 66 in the Food and Agriculture Organisation’s (FAO’s) World Hunger Index of 88 countries (Inter-national Food Policy Research Institute). More than 200 million people in this country are denied the right to food. One-third of all underweight children (57 million) in the world due to lack of...
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