-The Times of India NEW DELHI: While ministers toy with all kinds of ideas to curb consumption of oil, including bizarre ones such as shutting down petrol pumps at night, it might help if they looked inwards. For, the biggest and most profligate oil consumer in the country is the government itself. Petrol flows like water in the government. Not just ministers and officials of the central and state governments, even PSUs...
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Infra no more a tearjerker: Govt clears big-ticket investment projects worth Rs 1.1 lakh cr -Vikas Dhoot
-The Economic Times NEW DELHI: Big-ticket investment projects worth Rs 1.1 lakh crore, stuck for years for want of myriad government clearances, have finally got the green signal to start operations. The Centre has unravelled last-mile hurdles holding up 28 such projects at a time Prime Minister Manmohan Singh has identified the government's primary task as reinvigorating confidence in the Indian economy, with domestic players having virtually abandoned fresh investments. The clearances would...
More »GET READY FOR HIGHER FOOD PRICES
The declining trend in food price inflation globally may not hold true for inflationary trends faced domestically due to a weakening Indian Rupee vis-a-vis the US Dollar. The recently released FAO Food Price Index (nominal) has shown a declining trend in July for the third consecutive month owing to lower international prices for grains, soy & palm oil, meat, dairy and sugar. (See links below) Based on FAO Food Price...
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...
More »Direct benefit transfer for LPG a big success, says Moily-Sujay Mehdudia
-The Hindu The scheme has crossed 2.28 million transactions, benefiting 1.25 million LPG households, says Petroleum and Natural Gas Minister Veerappa Moily The ambitious direct benefit transfer (DBT) scheme for domestic LPG cylinder, launched in 18 districts of the country on June 1, has crossed 2.28 million transactions. Indications are that the scheme will be rolled out throughout the country by the year-end. Terming it a big success, Petroleum and Natural Gas Minister...
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