Consider this. Every time petrol prices rise, oil companies end up losing more money. How? The price differential between petrol and diesel increases further; people start buying diesel-powered vehicles so oil firms bleed more. Even worse, we all bleed because dieselisation adds to toxic pollution in our cities. This, in turn, adds to the health burden and costs. This is all very well accepted. Yet, nobody has done anything to fix...
More »SEARCH RESULT
Total Matching Records found : 395
Fuel price hike a reality: PM by Archis Mohan
Prime Minister Manmohan Singh today said rising prices of fuel were a reality Indians needed to deal with as any more subsidies in the oil sector could destabilise the economy. The comment came days after Mamata Banerjee, his biggest ally at the Centre, warned that her Trinamul Congress would quit the ruling UPA if prices of kerosene, diesel and cooking gas were raised. Asked what he thought of the Bengal chief minister’s...
More »Fast-unto-death, Raju Shetty’s new threat by Pranav Kulkarni
The five-day farmers’ march led by him failing to get the desired result, Raju Shetty on Monday announced he will soon start a fast-unto-death for Rs 2,350 per tonne for sugarcane. The MP and Swabhimaan Shetkari Sanghatana chief made the announcement at the home turf of Union Agriculture Minister Sharad Pawar, Baramati, where the rally that started in Pandharpur on November culminated. When Shetty had set out from Pandharpur, he...
More »‘Diwali bonanza' to farmers, MSP up for rabi crops
-The Hindu The Union government on Tuesday announced an increase of Rs. 115 in the minimum support price (MSP) of wheat, which has been set at Rs. 1,285 a quintal for the 2012-13 rabi marketing season. The MSP for the previous year was Rs. 1,170 including a bonus of Rs. 50. Terming the increase a “Diwali bonanza to farmers,” Law Minister Salman Khursheed told journalists that the decision was taken at a...
More »PIL challenges petrol price de-regulation
-The Hindu “Allowing oil firms to control market will hurt economy” De-regulation by which the three public sector oil companies are empowered to set the price of petrol and other petroleum products has been challenged in a public interest litigation petition in the Supreme Court. The All India Youth Federation (AIYF), represented by its general secretary P. Sandoshkumar, said there was no rationale behind replacing the Administered Pricing Mechanism (APM) with the Import...
More »
