-The Hindustan Times The government’s go-ahead to FDI in multi-brand retail on Friday drove another wedge between the Congress and the Trinamool Congress, with West Bengal chief minister Mamata Banerjee threatening to take “hard decisions” if the decision wasn't reconsidered within 72 hours. Banerjee, who has also demanded a rollback of the Diesel price hike, said the decision was a “big jolt” and called an emergency meeting of her party in...
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Subsidy bill may touch 2.4% of GDP: FM
-The Indian Express The subsidy bill in the current financial year is expected to rise to 2.4 per cent of the GDP from 1.9 per cent estimated in the Budget, Finance Minister P Chidambaram said today. "The estimated major subsidies in 2012-13 would be around 2.4 per cent of GDP," he said while intervening in a discussion at the meeting of the Full Planning Commission to approve the 12th Plan draft document. The...
More »Powered by Diesel, utility vehicles sedans in sales -Ketan Thakkar
-The Times of India For the first time in the history of Indian automobiles, cumulative sales of utility vehicles (UVs) have overtaken those of sedans - all three-box cars, from the entry-level to the super-luxury segment - in the first five months of the fiscal year 2012-13. New launches such as the Mahindra XUV500, Maruti's Ertiga and Renault's Duster pulled in buyers still looking to benefit from the huge price differential...
More »Price of Diesel hiked by Rs 5, subsidized LPG restricted to 6 cylinders a year per family
-The Times of India The government on Thursday approved a steep hike on Diesel price in a politically risky move to rein in the fiscal deficit. The cabinet committee on political affairs approved the hike in a meeting at the Prime Minister's residence. The price of Diesel is hiked by Rs 5. However, the price of PDS kerosene and petrol were left unchanged. The panel also restricted the number of subsidized LPG...
More »Congress not in favour of a petrol price hike soon: Sources
-NDTV The Congress is not in favour of a petrol price hike anytime soon, sources have told NDTV. The party's core group met this evening and discussed the issue, sources said. Oil Minister Jaipal Reddy, who is not a part of the core group, was also present at the meeting. Just a few hours, before the meet, Mr Reddy had said the "painful duty" of a hike in fuel prices cannot be...
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