Government-owned oil marketing companies (OMCs) may witness a 52% jump in losses on account of selling fuel below cost at state-mandated prices to Rs.2 trillion in the next financial year, said R.S. Butola, chairman, Indian Oil Corp. Ltd (IOC), the nation’s largest fuel retailer. Such an increase will impact the financials of government-owned OMCs such as IOC, Hindustan Petroleum Corp. Ltd (HPCL) and Bharat Petroleum Corp. Ltd (BPCL), which currently register...
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Anil Bairwal, National Convenor of Association for Democratic Reforms (ADR) and National Election Watch (NEW) interviewed by rediff.com's Vicky Nanjappa
A recent report put out by the Association for Democratic Reforms and National Election Watch revealed that 47 per cent of the newly-elected Uttar Pradesh assembly has candidates with criminal cases pending against them. Barring Manipur, none of the other four states that went to polls is free of a tainted MLA. In Uttar Pradesh, the number of criminal MLAs has gone up from 37 per cent in 2007 to 47...
More »Mayawati's wealth doubled to Rs 111.64 crore during her term as chief minister by Ashish Tripathi
Bahujan Samaj Party (BSP) president Mayawati's assets doubled to Rs. 111.64 crores (approx. $22 million) during her term as chief minister of Uttar Pradesh. In her affidavit filed along with the nomination for the Rajya Sabha (upper house of Parliament) elections on Tuesday, Mayawati has declared total assets of Rs 111.64 crore, which is more than double of Rs. 52 crore she declared in May 2007 when she contested for the...
More »States want to be effective stakeholders in counter-terrorism domain by Vinay Kumar
While agreeing in principle on the need to have an effective anti-terrorism mechanism on the lines of the proposed National Counter Terrorism Centre (NCTC), almost all States on Monday emphasised the need to make them an “effective stakeholder'' in all aspects of counter-terrorism domain. At a day-long meeting of the State police chiefs, Chief Secretaries and Home Secretaries, presided over by Union Home Secretary R. K. Singh, top officials wanted more...
More »Government may be forced to keep its reform bills in cold storage
-The Economic Times The government may be forced to trim its legislative agenda - including pushing through long-pending bills on pensions, insurance and banking - following Congress' debacle in Uttar Pradesh and Punjab assembly elections. Pension, insurance and banking sector reforms are part of the legislative agenda of the UPA government but BJP leaders told finance minister Pranab Mukherjee at an outreach session that the government should first set its House in...
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