The oil marketing companies are likely to slash the petrol prices by up to Rs. 4 a litre from July 1. The trigger: The steep fall in global prices of crude oil as well as petrol on which the companies base the domestic prices every fortnight. The price cut will come as a big respite for the consumer after the recent increase of Rs. 7.54 a litre on May 23...
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Petrol price may be cut by up to Rs 2 a litre soon-Piyush Pandey
-The Times of India Petrol car owners may soon heave a sigh of relief as oil marketing firms are expected to cut petrol prices by up to Rs 2 per litre on Friday due to falling international crude prices. Crude prices, which fell to $96.5 per barrel on Wednesday, the lowest level in the last one year, have provided enough legroom for the oil firms to reduce petrol prices. State-owned oil marketing...
More »Congress OBC lobby blocks govt move to raise bar for 'creamy layer' reservations-Subodh Ghildiyal
The OBC lobby within Congress blocked the government proposal to enhance 'creamy layer' for reservations to Rs 6 lakh, protesting it was on the lower side. The resistance prompted Prime Minister Manmohan Singh to refer the issue for consultations. The fresh look may be handed over to a group of ministers (GoM) or be done by social justice ministry that had moved the Cabinet note. Revised every four years, the 'creamy...
More »NRHM financial wrongdoings reflect systemic irregularities-Vidya Krishnan
-Live Mint It turns out that some state officials were using NRHM to enrich themselves The National Rural Health Mission (NRHM) was launched seven years ago with the goal of improving healthcare delivery to people in villages, especially the poor, through a generous infusion of federal funds. Local authorities were given a relatively free hand in deciding how to spend the money, with the Centre promising funds with no strings attached for...
More »With slowing growth, people are now questioning the long-term Indian story
-The New York Times India's coalition government just celebrated the third anniversary of its tenure with a self-congratulatory banquet that could not have been more poorly timed: India's Currency, the rupee, is falling; investment is down; inflation is rising; and deficits are eating away at government coffers. While short-term growth has slowed but not ground to a halt, India's problems have dampened hopes that it, along with China and other non-Western economies,...
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