-The Telegraph The Trinamul Congress was silent on the petrol price hike for the second day, its leaders only saying that Mamata Banerjee would speak on the issue. While Trinamul is still working on its response to the Rs 5 rise that the Left has pounced on to attack the UPA government, of which the party is a key member, finance minister Pranab Mukherjee today said the Centre could not be...
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Bid to restrict subsidised LPG use by R Suryamurthy
The government plans to restrict subsidised domestic LPG cylinders to six per household every year. For additional cylinders, consumers will have to pay the market price. Data show 65-70 per cent of households use 5-6 cylinders (14.2 kg) a year, while the remaining use more. In Calcutta, PSU oil marketing firms suffer a loss of Rs 329.73 by selling an LPG cylinder at Rs 365.10. A senior oil ministry official said the proposal...
More »Nuclear power must be expanded: Plan panel
Asserting that nuclear power will play a major role in meeting the energy needs of the country during the 12th Five-Year Plan, the Planning Commission on Thursday said the country needed an additional 1,00,000 MW of power during the 12th Plan period (2012-17) and therefore capacity expansion should be undertaken keeping the safety measures intact. Making a presentation to the Prime Minister at the full-fledged meeting of the Commission, Deputy Chairman...
More »Dr Arvind Virmani, Affiliate Professor (& Distinguished Senior Fellow), George Mason University (School of Public Policy-CEMP), and Executive Director, IMF interviewed by TCA Srinivasa-Raghavan
Given a positive regulatory environment, banks and other financial intermediaries will certainly be interested in using the smart card opportunity. Dr Arvind Virmani, with a Ph.D. from Harvard and 30 years of professional experience, is one of the most valued economists in the Government. Before he retired as Chief Economic Advisor in 2009, he had served in the Finance Ministry and the Planning Commission. A researcher par excellence, his research papers...
More »DMK's free lunches turn costly by N Madhavan
Eighty labourers, both men and women, are at work at Thiruvanduthurai village in Tiruvarur district of Tamil Nadu, about 325 km south of Chennai. They are digging a pond - about an acre wide and six feet deep - funded under the Mahatma Gandhi National Rural Employment Guarantee Scheme, or MGNREGS. Outside the work perimeter, two middle aged men look on, worried. P. Murugan and K. Govindaraj are farmers from the...
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