-The Hindustan Times Following a steep fall in global crude Oil prices, the Oil marketing companies have slashed petrol prices by Rs. 2.46 to Rs. 3.22 a litre — the second reduction this month — from Thursday midnight. Now, petrol in Delhi will cost Rs. 67.78 a litre — down by Rs. 2.46 — from Rs. 70.24 a litre. In Mumbai, the price will come down by Rs. 3.10 to Rs. 73.35...
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Petrol prices set for a Rs. 4 slash on July 1-Anupama Airy
The Oil marketing companies are likely to slash the petrol prices by up to Rs. 4 a litre from July 1. The trigger: The steep fall in global prices of crude Oil as well as petrol on which the companies base the domestic prices every fortnight. The price cut will come as a big respite for the consumer after the recent increase of Rs. 7.54 a litre on May 23...
More »What killed our boom-Ashok V Desai
-The Telegraph Ashok V. Desai,consulting editor of The Telegraph and chief consultant to the finance minister when Manmohan Singh launched the economic reforms, takes a deep dive into statistics to figure out what is wrong with the economy as Pranab Mukherjee leaves the finance ministry and Singh takes charge The growth rate of gross domestic product is reported to have come down. What does that mean? Before the question can be answered,...
More »Despite Drop from 2009 Peak, Agricultural Land Grabs Still Remain Above Pre-2005 Levels
-World Watch Institute An estimated 70.2 million hectares of agricultural land worldwide have been sold or leased to private and public investors since 2000, according to new research conducted by the Worldwatch Institute (www.worldwatch.org) for its Vital Signs Online service. The bulk of these acquisitions, which are called “land grabs” by some observers, took place between 2008 and 2010, peaking in 2009. Although data for 2010 indicate that the amount of...
More »Govt targets cheap cooking gas-R Suryamurthy
Plans are afoot to cap the number of subsidised LPG cylinders at six to eight per annum to reduce the losses of state-run Oil firms and bring down the burgeoning subsidy bill. Oil ministry officials said consumers might have to pay more for every additional cylinder, and the amount would be gradually linked to market rates. Sources said the finance ministry had asked the Oil ministry to revisit its proposal made last...
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