-The Hindu   Members of various trade unions in the private and public sectors, affiliated to 11 major central trade unions, will stage a countrywide strike on February 28, 2012 against the ‘anti-labour' policies of the UPA-II government. The Railways will be exempted from the protest. G. Sanjeeva Reddy, president of the Indian National Trade Union Congress (INTUC), affiliated to the Congress, told journalists here on Tuesday that despite various demonstrations by the...

Finance Minister Pranab Mukherjee may be right in pushing for FDI in retail because reports have been pouring in, indicating that the economic downturn in India and abroad will worsen in coming weeks. 'I want money,' an agitated Finance Minister Pranab Mukherjee reportedly told the Cabinet on Thursday, November 24, when coerced by colleagues from his Congress party for pushing 51 per cent Foreign Direct Investment in retail. The FDI issue is...

State oil firms are under the scanner of the Comptroller & Auditor General of India for supplying diesel at a discount to defense establishments and Indian Railways and claim compensation on the revenue loss from upstream companies and the government. Executives in state-run Indian Oil Corp, Hindustan Petroleum and Bharat Petroleum have accepted that they offer small discounts to these customers and denied recovering any part of the amount from the...

-IANS   After fabricating Jugnu, the country's tiniest satellite launched last month, Indian Institute of Technology-Kanpur graduates have now come up with a matchbox-sized device to monitor wear and tear of railway tracks and prevent derailment.  The new device is aimed at replacing a bulky, box-like contraption that is currently used by Indian Railways.  "Our device is a supplementary system for monitoring track health, making it simpler to integrate with the existing railway infrastructure,"...

Consider this. Every time petrol prices rise, oil companies end up losing more money. How? The price differential between petrol and diesel increases further; people start buying diesel-powered vehicles so oil firms bleed more. Even worse, we all bleed because dieselisation adds to toxic pollution in our cities. This, in turn, adds to the health burden and costs. This is all very well accepted. Yet, nobody has done anything to fix...