Plans are afoot to cap the number of subsidised LPG cylinders at six to eight per annum to reduce the losses of state-run oil firms and bring down the burgeoning subsidy bill. Oil ministry officials said consumers might have to pay more for every additional cylinder, and the amount would be gradually linked to market rates. Sources said the finance ministry had asked the oil ministry to revisit its proposal made last...

-The United Nations World leaders, along with thousands of participants from governments, the private sector, non-governmental organizations (NGOs) and other groups will come together from 20-22 June in Rio de Janeiro, Brazil, to take part in the UN Sustainable Development Conference (Rio+20). In our Seven Issues, Seven Experts series UN officials tell us more about the key issues that will be discussed during the conference and how we can contribute to make...

-The Hindustan Times The Union Cabinet has deferred the decision to raise the income ceiling to avail of OBC quota benefits in jobs and education. The ministry of social justice and empowerment's proposal to increase the ceiling from present Rs. 4.5 lakh to Rs. 6 lakh could not be approved due to demand from a section of ministers to further raise the limit. According to sources, a few OBC ministers opined the...

-Reuters Inflation may have accelerated at its fastest pace this year in May, driven by higher food and fuel prices, impeding chances of a rate cut by the central bank at its review next week, a Reuters poll showed. The wholesale price index, India's main inflation gauge, is expected to rise 7.60 percent in May versus a year ago, compared with April's 7.23 percent, the poll of 31 analysts showed. Forecasts ranged from...

-The Hindu From identification of fewer than targeted families to not lifting adequate ration supplies from godowns to non-submission of utilisation certificates, the report of the Comptroller and Auditor General of India has found several anomalies in the Public Distribution System and functioning of the Department of Food Supplies and Consumer Affairs of the Delhi Government. In its report for the year ended March 31, 2011, the CAG has stated that a...