-ToI The government patched together an intricate—and flawed—fertiliser system over the last 40 years. It now wants to dismantle that monster. The challenge before it is to preserve its pro-agriculture and pro-poor objective, while correcting the flaws that crept in, reports M Rajshekhar If it all goes to plan, buying or selling fertiliser will never be the same for the 120-odd companies that make up this Rs 1,00,000 crore industry or...
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Petrol price may be hiked by Rs 3
A hike in diesel and domestic LPG prices has been deferred for now, but an increase in petrol prices later this week looks imminent. An Empowered Group of Minister (EGoM) headed by Finance Minister Pranab Mukherjee was to meet on Wednesday to consider raising the diesel price by Rs 3-4 a litre and domestic LPG rates by Rs 20-25 per cylinder, but the meeting was deferred without assigning any reason. "No new...
More »Bid to restrict subsidised LPG use by R Suryamurthy
The government plans to restrict subsidised domestic LPG cylinders to six per household every year. For additional cylinders, consumers will have to pay the market price. Data show 65-70 per cent of households use 5-6 cylinders (14.2 kg) a year, while the remaining use more. In Calcutta, PSU oil marketing firms suffer a loss of Rs 329.73 by selling an LPG cylinder at Rs 365.10. A senior oil ministry official said the proposal...
More »5 million tonnes of additional foodgrains for BPL families
To make storage space available for the fresh rabi harvest, the Union government has decided to allocate an additional 5 million tonnes of wheat and rice to the Below Poverty Line (BPL) population under the public distribution system (PDS). The Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, cleared the Food Ministry's proposal at a meeting on Monday. The additional foodgrains will be made available from June 1 over...
More »Govt mulling Rs 3/litre diesel rate hike after assembly polls
The government plans to hike diesel prices by up to Rs 3 a litre soon after the assembly elections in five states are over next week, while an equivalent steep increase in petrol rates is also on card. "An Empowered Group of Ministers (EGoM) headed by finance minister Pranab Mukherjee is scheduled to meet on May 11 to mull on a hike in diesel prices," a top government official, refusing to...
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