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...

Mismatch between potential and experience confounds many a job-seeker, say managers   Mun Ching Yap had gone as a journalist to an airline company to interview its executive official, but her excitement, passion and ability to learn earned her a job as the head of the company's strategic planning department. Ms. Mun, now a columnist and entrepreneur from Malaysia, was 28 years old then. “In Malaysia, the median age of the population is 27,...

The winds of democracy are making it harder for India to negotiate the construction of mega hydel projects in Bhutan. Fixing terms and conditions for bringing power from Bhutan was a cakewalk with the first three hydel projects five years ago. With newspapers other than the Kuensel , a tiny but vocal Opposition in Bhutanese Parliament and exiled leaders raising issues relating to sovereignty, Indian officials are now having to work...

The union cabinet is expected to decide on India's stance at the UN climate conference in Durban with environment minister Jayanthi Natarajan suggesting to adopt a hardline approach and shun flexi-approach of her predecessor Jairam Ramesh. In a cabinet note circulated, the environment ministry has sought reiteration of India's stance in 2010 that says no to a legally-binding climate treaty, demands a second commitment period of Kyoto Protocol, ensures climate...

-The Indian Express   Pitching for changes in laws to deal with corruption, the Prime Minister's Chief Economic Advisor Kaushik Basu has said bribe-givers should not be penalised in case he has to pay money for getting the work done. In his revised paper to deal with corruption, Basu argued bribe giver could be penalised only if he or she benefits from government contracts. But in that case too, the penalty for bribe...