-PTI The oil ministry has proposed a Rs 3-4.50 per litre hike in diesel price and Rs 100 in LPG rates along with raising the number of subsidised cooking gas cylinders for households to nine a year from the current cap of six. The ministry has moved a note for consideration of the Cabinet proposing options for meeting a record Rs 160,000 crore deficit arising from selling auto and cooking fuels below...

-The Times of India National Advisory Council (NAC) member and MKSS leader Aruna Roy on Friday shot off a scathing letter to the finance ministry objecting to "talk" of subsidy cuts for the poor while funding programmes like Aadhar that have no legislative backing. She also suggested that pre-budget consultations for business and social sector should be held jointly in a more democratic fashion. Expressing "shock" at subsidy cuts Roy, who did...

-The Times of India Brace for higher fuel bills as the government has formally started the consultation process for raising diesel and cooking gas prices - the latter with an increased annual cap of nine subsidized refills - in line with the recommendations of a finance ministry panel. The committee under former bureaucrat Vijay Kelkar, tasked to suggest a roadmap for cutting fiscal deficit, has suggested raising diesel price periodically to align...

-The Business Standard Since cities have little money to cover operational costs of running buses, they do not invest in new buses or modern infra Liquor baron Ponty Chadha and his brother – both died recently in a fratricide – had another business that is not widely known. They had acquired the concession to run public transport buses in Delhi — three clusters with a combined fleet of 600-odd vehicles. Even before...

-The Economic Times The oil ministry may raise prices of diesel by Re 1 a litre or that of cooking gas by Rs 100 to neutralise the impact of its plan to increase the supply of subsidised cylinders to households, government officials said. "A Re 1 hike in diesel prices would generate about Rs 8,000 crore a year, which is sufficient for three additional cylinders in a year. About Rs 100 hike...