-The Business Standard Central bank chief Raghuram Rajan likely to retain stance later this week, say economists Inflation in onions skyrocketed to 244.62% in August against already high 119.4% in the previous month, jacking up the the rate of wholesale price rise to a six-month high of 6.10% from 5.8% in July, official data showed today. Ironically, onion prices can't be brought down by interest rate policy, but it is all set to...
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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 »10 bills passed in monsoon session of Parliament
-The Times of India NEW DELHI: Unlike recent Parliament sessions when a large part of the sittings were complete washouts, the just-ended monsoon session saw passage of 10 legislations including UPA's flagship bills - food security and land acquisition. An official statement from parliamentary affairs minister Kamal Nath listed details of bills passed by both the Houses and legislations that were cleared separately by Lok Sabha and Rajya Sabha. Nath had said...
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 »Ready for peak oil?-Smriti Kak Ramachandran
-The Hindu As cities expand and markets keep Fuel Prices high, Indians are demanding better public transport. The States must deliver, but they are only inching ahead. In the chorus of angry voices against the horrific gang rape of a paramedic student on a moving bus in the national capital on December 16 last, one issue that quickly became apparent was the state of public transport in urban areas. The shocking incident...
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