-The Indian Express While the BJP disrupted the functioning of Parliament for the second consecutive day on Wednesday demanding Prime Minister Manmohan Singh’s resignation for alleged failure to go for auctioning of coal blocks, at least four states that were ruled by the Opposition at the time had raised the red flag when the Centre proposed the competitive bidding route in 2005. The Centre had cited the lack of “transparency and objectivity”...
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Government ready to take up bill to amend Coal Mine Nationalisation Act: Coal Minister Sri Prakash Jaiswal-Rohini Singh & Soma Banerjee
-The Economic Times The government is ready to give up its monopoly over coal mining to meet the requirements of the economy, if BJP supports a long-pending legislation to amend the Coal Mine Nationalisation Act (CMNA). "We are ready to take up the bill and open up the coal sector to increase production. This is the only way forward and there is a consensus within the government on this. Once BJP comes...
More »Poor response from states on FDI in multi-brand retail
-The Times of India With the UPA government's efforts to build a consensus on allowing foreign retailers in the multi-brand retail sector going nowhere, Prime Minister Manmohan Singh on Wednesday urged the UPA allies to help evolve a consensus on the reforms measure. Participating in the first meeting of the newly set-up UPA co-ordination committee, PM said that it was necessary to build support for the move to let in foreign retailers. The...
More »Protest against petrol price hike: Nation-wide bandh evokes mixed response
-The Economic Times The Left and the Right came together on Thursday to protest against the steepest petrol price hike, even as the government accused the opposition of unnecessarily politicising the issue. The nation-wide bandh evoked a mixed response, with incidents of violence being reported from Maharashtra, Karnataka and West Bengal. BJP and Left leaders courted arrest in several states. Activists targeted commercial establishments that refused to down shutters. In Delhi, the bandh...
More »Most states now tax petrol consumption more than Centre-Ajay Modi
Most states now levy greater tax on petrol than the central government, without having to share the subsidy burden. After last week’s increase in prices, state sales tax/VAT on petrol is more than central excise in most cases. The central government levies a fixed excise duty of Rs 14.78 on every litre of petrol. But, states levy an ad valorem tax which, in absolute terms, increases with every price increase of...
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