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SC notice to RIL over Surat land acquisition case

After seeking reply from Mukesh Ambani-led Reliance Gas Transportation Infrastructure Ltd (RGTIL) and others on Monday, the Supreme Court on Thursday again issued notice to the firm, the ministry of petroleum and others on another batch of petitions filed by land owners from Surat seeking adequate compensation from the company for using their land for laying gas pipelines to Transport natural gas from Krishna-Godavari basin to Gujarat. A Bench headed by...

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Indians spend 25% of income on food, 1.5% on health, 1.4% on EMIs

Of Indian households’ total annual income, 0.22 per cent is spent on buying newspapers — that is, if total national household annual income was Rs 100, 22 paise would be set aside for newspapers. Paying off bank loans (expenditure under equated monthly instalments) takes up 1.4 per cent of total household annual income. The share of health expenditure is 1.5 per cent, and that of education expenditure, 3.21 per cent....

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Cost-push element behind rise in food prices, says Pranab

“States should ensure effective public distribution system”  Fiscal deficit at 6.8 per cent of GDP a challenge Dip in exports due to low demand following economic downturn in foreign markets Union Finance Minister Pranab Mukherjee on Thursday said increasing food grains productivity, ensuring effective distribution of subsidised essentials to vulnerable groups and allowing duty-free import were some of the steps taken to control the spiralling prices of essential commodities. Speaking at the 109th...

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Why did Copenhagen fail to deliver a climate deal? by Richard Black

After Copenhagen, there is no “developing world” — there are several.  About 45,000 travelled to the U.N. climate summit in Copenhagen — the vast majority convinced of the need for a new global agreement on climate change. So why did the summit end without one? Key governments do not want a global deal: Until the end of this summit, it appeared that all governments wanted to keep the keys to...

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