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Price spike inflates worry

-The Telegraph Costlier food items carried inflation up to 7.55 per cent in May, and the price situation could get aggravated further by the government’s decision to raise the minimum support price of paddy, oil seeds and pulses. However, the Cabinet Committee of Economic Affairs (CCEA) deferred a decision to raise urea prices because of opposition by some ministries. Inflation in May last year stood at 9.56 per cent. Overall food inflation rose to...

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Increase duty on diesel cars up to Rs 2.5 lakh: Jaipal Reddy-Sanjay Dutta

If the government accepts oil minister S Jaipal Reddy's proposal, the price of small diesel cars could soon rise by Rs 1.7 lakh while medium-to-large guzzlers could become costlier by Rs 2.55 lakh a piece. The proposal to impose additional excise duty on diesel cars is bound to trigger protests from automakers, who have seen sales growing at the slowest pace in seven months in May. Domestic car sales declined 24%...

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Govt to take up bill for rehabilitating 2 lakh scavengers

-The Economic Times The Union Cabinet is expected to take up for approval a bill that deals with manual scavenging and rehabilitation of scavengers.  For nearly two years now, the Sonia Gandhi-led National Advisory Council has been advocating for a new law to deal with the indignities of manual scavenging and for their rehabilitation. Gandhi had, in November 2010, written to Prime Minister Manmohan Singh asking the government to take steps to...

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FinMin shoots down DoT's mobile tower plan in Naxal-hit areas-Sandeep Joshi

‘BSNL chosen for project without tender process and it has quoted high price' The Department of Telecommunication's plans to go for extensive erection of mobile towers in the Left-Wing extremism-affected areas, to help people and the security forces stay connected, have been opposed by the Finance Ministry, which cited selection of the state-owned Bharat Sanchar Nigam Ltd for the project without following any tender process and its quoting high costs for...

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After outcry, Centre backs off on water pricing by Gargi Parsai

Revised draft water policy allows for subsidy to the poor and in non-commercial farming Public outcry against indiscriminate pricing of water and privatisation of water delivery services has forced the Centre to back off on both counts in its revised draft of the new national water policy, a copy of which is available with The Hindu . The revised draft, that incorporates suggestions from the public as well as state governments, allows...

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