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Watershed in fight for survival-Vibhu Nayar

-The Hindu The United Nations Conference on Sustainable Development (Rio+20) is set to take place on June 20 at Rio de Janeiro, 20 years after the 1992 Earth Summit on Environment & Development. World leaders, experts, and U.N. agencies are expected to take stock and reaffirm global commitment to sustainable development. The summit is taking place against the backdrop of threats of catastrophic climate change, unprecedented environmental degradation and widespread market...

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Petrol price may be cut by up to Rs 2 a litre soon-Piyush Pandey

-The Times of India Petrol car owners may soon heave a sigh of relief as oil marketing firms are expected to cut petrol prices by up to Rs 2 per litre on Friday due to falling international crude prices. Crude prices, which fell to $96.5 per barrel on Wednesday, the lowest level in the last one year, have provided enough legroom for the oil firms to reduce petrol prices.  State-owned oil marketing...

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Problems in Orissa worsening, but the state's response is clueless-Niranjan Patnaik

Left Wing Extremism (LWE) is the foremost problem of Orissa and the most daunting challenge for CM Naveen Patnaik, whose 12-year tenure has witnessed a rapid rise in intensity and spread of Maoist insurgency in the state.  Twentyfour of the 30 districts are now affected. Orissa has become a refuge for Maoist cadres who freely migrate to neighbouring regions.  In many of the troubled territories, especially in south-western parts of the state,...

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The political economy of petroleum prices-Vikram S Mehta

Desired outcomes can be reached through a series of ‘imperfect’ small initiatives What is to be done? How can we untie the Gordian knot that has so entangled the political economy of petroleum product prices? This is the question that now exercises our most experienced politicians and our ablest economists. Most well informed people know that a country that imports 80 per cent of its oil requirements cannot de-link itself from the...

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Petrol price down Rs 2 a litre, another Re 0.92 cut next week

-The Times of India State-run fuel retailers on Saturday reduced petrol price by Rs 1.68 per litre, excluding state taxes. This means consumers in Delhi would pay Rs 2 less per litre at pumps from midnight and will see an additional 92 paise reduction next week after the local government notifies a reduction in the value added tax (VAT). In other states, the extent of decline would vary by a few paise...

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