It needs pensive reflection to understand how an organisation whose name is perhaps the most widely recognised public sector brand across the length and breadth of India could become the target of so much instant anger and contempt in the highest legislative forum of the republic. Krishna Kumar (anhsirk.kumar@gmail.com) teaches education at Delhi University. The cyclone that hit Parliament on 11 and 14 May over the so-called cartoon controversy indicates, among other...

This certainly won’t help swallow the  bitter petrol-hike pill. Petrol prices have tripled for the common man in the last 13 years but the country’s top civil servants haven’t had to deal with a fuel hike since 1999. Senior government officials pay a measly Rs. 700 every month to use their air-conditioned official cars for private purposes. This amount was last fixed in 1999, when petrol went for Rs. 23.80...

-The Economic Times The government has no immediate plans to raise the retail prices of diesel, kerosene and cooking gas, Oil Minister S. Jaipal Reddy said on Monday. "I am not touching (the prices of) diesel, LPG (liquefied petroleum gas) or kerosene," Reddy said, adding, no date has yet been fixed for a meeting of a ministerial panel to review the prices of the three subsidised fuels. State-owned oil fuel retailers announced an...

The dreaded El Niño weather phenomenon is set to appear during the second half of the southwest monsoon, which may cause less-than-expected rains in August and September. El Niño had earlier hit the Indian monsoon in 2009, when the country faced a severe drought. This time, its impact is not clear as of now, but if there are excessive breaks in the monsoon, crops of paddy, oilseeds and pulses could...

C Rangarajan, chairman of the PM's economic advisory council, on Friday hinted at price corrections in both diesel and cooking gas over the next few months to send a strong signal to foreign investors and to ensure adequate capital flows. "I think it is necessary to act on prices of other petroleum products also," he told TOI. Rangarajan, a former RBI governor, said there was a proposal on dual pricing...