-The Hindustan Times In response to the widespread protests and the nation-wide hartal last Thursday, Prime Minister Manmohan Singh addressed the nation on Friday and tried to explain why these decisions had become inevitable. The thrust of his argument was, “We need a revival in investor confidence, domestically and globally.” For this, the current high fiscal deficit must be contained and, hence, the hike in the prices of Diesel and cap on...
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Mamata to target Cong bastions in West Bengal panchayat polls -Arindam Sarkar
-The Hindustan Times West Bengal chief minister Mamata Banerjee will lead the campaign in the Congress strongholds during the ensuing panchayat elections in early 2013. She will lead the Trinamool Congress campaign in the green belt in North Bengal, which has always voted for the Congress. Mamata has earmarked Congress MP Adhir Chowdhury’s bastion, Murshidabad, MP Deepa Dasmunshi’s base, North Dinajpur, and the late ABA Ghani Khan Chowdhury’s home turf, Malda, now...
More »Oil PSUs: Decoding the math of loss or under-recovery and what it means-Avinash Celestine
-The Economic Times How right was the government when it stated that the under-recoveries posed a threat to 'our national economy'? Or when the government says that it gave more to the sector in the form of subsidies than it earned as fuel taxes? The government would also like you to believe that the under-recoveries, dependent as they are on the price of crude in the international market, and the exchange...
More »Don’t cut subsidy for PDS sugar, says Karunanidhi
-The Hindu Wants State to reduce VAT on Diesel DMK president M. Karunanidhi on Sunday advised the Centre against taking any decision, including divestment of public sector undertakings, in the name of generating revenue that would severely affect the poor and middle class. In a statement here, he said the Centre should not go ahead with its proposals to cut the subsidy for sugar meant for public distribution system. “There are reports the government...
More »India's supermarket move shows its tired government has run out of ideas-Jayati Ghosh
-The Guardian Allowing foreign chains such as Tesco to open in India will drive up unemployment and exploit small producers India's ruling coalition has been rocked after its second-largest partner withdrew this week. The latest round of political instability comes about because prime minister Manmohan Singh announced a number of economic measures without consulting his allies. The announcements – that Diesel prices were to be raised, and that India's retail and domestic...
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