An across-the-board increase in petrol, diesel and cooking gas prices is likely by mid-May, immediately after the Budget is passed in Parliament.  "There is a lot of pressure on the government from oil companies to increase Fuel Prices but they been informally told to hold on till the Budget is passed in Parliament," a senior government official told HT. "There may be one small increase in petrol price that is likely to...

I have never been to Brazil's "beautiful horizon", Belo Horizonte, the country's third-largest metropolitan area and an information and bio-technology hub, but I have followed the city's progress against what was once its enduring shame: hunger. In 1993, when 11% of its 2.5 million people lived in absolute poverty and a fifth of Belo's children went hungry, a newly-elected government declared that food was a fundamental right of every citizen,...

So what if it was the largest-ever FDI in India? The law finally caught up with it on 30 March 2012, when the National Green Tribunal suspended POSCO’s environmental clearance and ordered a fresh review. We can celebrate the outcome in this day and cynical age: It is still possible, though not easy, to get environmental justice in this country. Since June 2005, when the agreement between the Government of Orissa...

-The Times of India   The Supreme Court on Monday said pricing of petrol and diesel determined by a complex mechanism fell exclusively within executive's policy domain and refused to entertain a public interest litigation demanding rollback of repeated sharp hikes in motor Fuel Prices.  Ex-MP P C Thomas had filed the appeal in the apex court challenging a Kerala high court's decision to dismiss his PIL questioning "irrational and hypothetical fixation of...

-The Economic Times Repressed, unrevised retail prices by fiat have led to rising diesel consumption nationwide, thoroughly misallocating resources and recklessly fretting away scarce budgetary funds in the bargain. The government needs to promptly decontrol diesel prices and put paid to open-ended oil consumption subsidies, as it has rightly proposed to in the Union Budget.  Further dither and non-decision would wreak havoc in government finances and hook the fiscal deficit figure over...