-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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Complaints mount over implementation of BPL rice scheme
-The Hindu Beneficiaries say fair price outlets are overcharging, not supplying stipulated amount Bangalore: Even as every Below Poverty Line (BPL) family is assured of rice at Re. 1 a kg for a maximum of 30 kg, charging more than the fixed price and distributing less than the stipulated quantity are common complaints across the State. When The Hindu visited a fair price shop at Salagame in Hassan district, about 9 km from...
More »Diesel, LPG hike decision in a few weeks: oil secretary
-Reuters Govt is considering Rs3-5 hike in diesel prices The government will decide on raising the retail prices of diesel and cooking gas (LPG) in a few weeks, the oil secretary said on Thursday, in a bid to cut the biggest item in its import bill and support the local currency. India, the world's fourth-biggest oil consumer, is considering a Rs 3 to Rs 5 hike in the price of diesel, which...
More »Steep fuel price hike likely as under-recoveries rise -Rajesh Chandramouli
-The Times of India CHENNAI: With the oil ministry looking to announce steps to curb fuel consumption on September 16, industry insiders and analysts expect a steep one-time increase in prices of diesel and domestic LPG. In several key cities, the under recovery in domestic LPG is more than double that of the selling price while in diesel, the gap has increased to Rs 12.12 a litre from Rs 9.03 per litre...
More »Direct benefit transfer scheme for LPG to be extended to 35 more districts-Sujay Mehdudia
-The Hindu Following good response to the LPG direct benefit transfer scheme, the Petroleum and Natural Gas Ministry on Monday decided to extend it to 35 more districts from September 1, taking the total coverage to 55 districts. The scheme had met with considerable success in the 20 districts it was launched. Under the scheme, consumers get their subsidy directly in their bank accounts. The decision to include 35 more districts would...
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