Government-owned oil marketing companies (OMCs) may witness a 52% jump in losses on account of selling fuel below cost at state-mandated prices to Rs.2 trillion in the next financial year, said R.S. Butola, chairman, Indian Oil Corp. Ltd (IOC), the nation’s largest fuel retailer. Such an increase will impact the financials of government-owned OMCs such as IOC, Hindustan Petroleum Corp. Ltd (HPCL) and Bharat Petroleum Corp. Ltd (BPCL), which currently register...

Census sheds new light on changing nation Though half of all Indians do not have a toilet at home, well over half own a telephone, new census data released on Tuesday show. These and many other contrasting facts of life have come out in Census 2011. The data on housing, household amenities and assets cast new light on a country in the throes of a complex transition, where millions have access to...

-AFP Water problems in many parts of the world are chronic and without a crackdown on waste will worsen as demand for food rises and climate change intensifies, the UN warned on Sunday.  Issued on the eve of a six-day gathering on world water issues, the United Nations, in a massive report, said many daunting challenges lie ahead.  They include providing clean water and sanitation to the poor, feeding a world population set...

Nature serves well even when rivers run dry. Students of Government Polytechnic-Nirsa who recently unearthed four artesian wells in a rocky stretch of Dhanbad, will surely vouch for the natural source of water that promises succour as another arid summer looms. The NINe final-year civil engineering (diploma) students, under the guidance of senior lecturer of the institute Suresh Prasad Yadav, spotted the four wells in Baliapur block of the district — one...

Three non-government members of a central body tasked with the Ganga’s clean-up have quit after accusing the government of “gross negligence” towards the river’s worseNINg condition. Magsaysay winner Rajendra Singh, Ravi Chopra and Rashid Hyatt Siddiqui have written to Prime Minister Manmohan Singh, who chairs the National Ganga River Basin Authority (NGRBA), saying the body has been reduced to a “toothless tiger”. The committee has around 20 members, including senior officials and...