-One World South Asia South Asia’s households fall into poverty as the result of higher food prices as food prices increase. According to the latest Food Price Watch, global food prices increased 10% between June and July 2012 with staples such as wheat increasing 25% in the period. The crisis continued affecting food and nutrition security throughout South Asia. Bad weather, trade curbs, Oil prices and bio-fuel diversions have all led to...
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Did govt jump gun on cash transfers?-Sidhartha
-The Economic Times The government's ambitious plan for direct cash transfer of subsidies is facing implementation hurdles even as Prime Minister Manmohan Singh on Monday set a January 1 deadline to roll out the scheme in 51 districts. While the PM's announcement was a formality, the petroleum ministry has pointed out that once the Cabinet approves the new mechanism on Oil and LPG subsidies, it will take 11 months for a rollout. This...
More »136 government officials under CVC scanner for alleged graft
-PTI The Central Vigilance Commission has recommended action against 136 officials working in various government departments for their alleged involvement in corruption. Of the total, a highest of 32 are working in Department of Telecommunications, 17 in State Bank of India, 11 in Ministry of Railways and nine in Bank of India among others. Besides, seven officials working in Central Board of Excise and Customs and four officials each in Bharat Sanchar Nigam...
More »Six-cylinder annual LPG cap under review: Veerappa MOily
-The Times of India The government is looking into demands for raising the six-cylinder annual cap on supply of subsidized cooking gas refills to each family, Oil minister M Veerappa MOily told the Lok Sabha in a written reply on Friday. Separately, minister of state for petroleum Panabaaka Lakshmi told the House that state-run fuel retailers have issued more than 10 lakh new cooking gas connections since the government capped the supply...
More »5% Ethanol To Be Mixed in Petrol From December
-Outlook Mandatory mixing of five per cent ethanol in petrol will be implemented across the country from next month, Cabinet Committee on Economic Affairs decided today, a step which will help the country save around 100 crore litres of fuel every year. In 2009, the CCEA had decided to mix five per cent ethanol in petrol but it could not be implemented due to opposition by some sections in the chemical and...
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