-The Times of India Taking a cue from the RBI governor D Subbarao, market leader Indian Oil Corporation indulged in grand standing on Tuesday by saying state-run retailers would raise petrol price by almost Rs 10 per litre, if the government did not reduce excise duty or did not compensate their Rs 49-crore daily loss on the fuel. "We have been very patient, not raising prices since December despite our cost of...

-Express News Service A team of Central Bureau of Investigation (CBI) conducted searches at the house of an eyewitness in the murder of RTI activist Satish Shetty. The team conducted seaches the house of Vandana Murhe in Talegaon Dabhade and seized some documents on Monday. Shetty was murdered near a newspaper stall operated by Murhe on January 13, 2010. “Our teams spoke to Murhe and seized some documents from her residence today for...

Entrepreneurs and investors , who had only recently found innovative ways to invest in education as a business , are concerned about the financial impact of the Supreme Court ruling last week upholding the Right to Education Act. All schools, except minority unaided ones , will now have to set aside 25% of seats for poor students .  While most investors welcome the move , they also worry about funding the...

A fourth of school students will need to be from less-privileged sections of society following an SC ruling on the RTE Act. While this can bring in social transformation, there are implementation challenges. Educationists share some solutions with Labonita Ghosh  Problem 1: WHO WILL FOOT THE BILL?  The government has offered to pay for the 25% of less-privileged students who will now have to be admitted into private schools, but it's not...

-The Business Standard Petrol decontrol has become a farce It will soon be two years since petrol was decontrolled, but few will happily celebrate this second birthday. The government-controlled oil companies that dominate the fuel market continue to sell petrol way below the market-determined price, exactly as was the case in the pre-decontrol era. The promise made then to decontrol diesel prices and allow periodic adjustment in prices of kerosene and liquefied...