-The Hindu India should take its cue from Brazil and invest in ethanol as a viable commercial substitute for costly petrol The public and media were outraged recently after a suggestion that petrol stations could be closed from 8 p.m. to 8 a.m. to curb consumption. Oil import is the heaviest burden on India's foreign exchange, at $144 billion last year. The situation could get worse, given the potential for an increase...
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Ripple effect of rising fuel prices: Get used to high food prices, RBI can do little to counter them -Avinash Celestine
-The Economic Times Like his predecessor, RBI governor Raghuram Rajan too remains worried about inflation. And despite repeated attempts, the RBI has had mixed success in taming prices. Reserve Bank of India governor Raghuram Rajan has clearly decided to play spoilsport to the markets. By making it clear that he, like his predecessor, remains worried about inflation, he has also effectively signalled that with consumer prices at 9.5%, markets shouldn't expect those...
More »Diesel, LPG hike decision in a few weeks: oil secretary
-Reuters Govt is considering Rs3-5 hike in diesel prices The government will decide on raising the retail prices of diesel and cooking gas (LPG) in a few weeks, the oil secretary said on Thursday, in a bid to cut the biggest item in its import bill and support the local currency. India, the world's fourth-biggest oil consumer, is considering a Rs 3 to Rs 5 hike in the price of diesel, which...
More »New land bill puts people first, govt’s message is clear 'India won't be China' -Zia Haq
-The Hindustan Times Investors say the new land acquisition bill approved by Parliament this week has made things more difficult. Pro-farm civil-society advocates say it hasn't gone far enough to protect farmer interests. If both sides are unhappy, an inside joke goes, it must be a pretty good legislation that has struck the right balance. The debate over land acquisition, however, is no laughing matter. In a country where half the people live...
More »Pedal pathways -A Srivathsan
-The Hindu Absence of safe cycle tracks and lack of pavement networks have pushed people to motorised transport Across the world, in the wake of the fuel crisis and environmental challenges, cities are increasingly paying attention to bicycling and walking - non-motorised modes of transport (NMT). As studies show, if 5 per cent of the trips made in cities across the world shift from car to NMT, the savings in terms of...
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