-PTI/ The Telegraph The levy on crude down to Rs 1,700 per tonne from Rs 4,900, as per order coming into effect Friday New Delhi: The government has slashed the windfall profit tax levied on domestically-produced crude oil as well as on export of diesel and ATF following a drop in global oil prices, according to an official order. The levy on crude oil produced by companies such as Oil and Natural...
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One year and counting: anti-ONGC stir continues at Kadiramangalam -L Renganathan
-The Hindu Villagers resolve to continue fight against oil major; fringe groups criticise Centre KUMBAKONAM (Tamil Nadu): Residents of Kadiramangalam village in Thanjavur district, where a sit-in protest entered its 365th day on Saturday, have renewed their resolve to oust the Oil and Natural Gas Corporation (ONGC) from the village to protect the environment and their livelihood. A section of the villagers has been holding a relay sit-in protest at the Ayyanar temple...
More »A claim to shame -Sitaram Yechury
-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...
More »'Rickshaw Bank' concept changes lives of thousands of pullers-Amit Shanbaug
-The Economic Times It was just a ride in a cycle rickshaw that moved an Assam based veterinary surgeon, Dr Pradip Kumar Sarmah and got him thinking into setting up the concept of 'Rickshaw Bank'. The concept today has changed the lives of more than 10000 rickshaw pullers in six states in India. Dr Pradip Kumar Sarmah (47), the innovator of this concept, explained that majority of the rickshaw pullers drive rented...
More »How India's oil sector is mired in controversies by Ruchika Chitravanshi & Jyoti Mukul
The CBI search at V K Sibal's residence on Friday is likely to bring into the open a number of controversies that have surrounded the office of the directorate general of hydrocarbons (DGH) and the ministry of petroleum and natural gas in the two tenures of the UPA government. The searches were a tipping point in allegations against Sibal, a former director general of hydrocarbons whose tenure started in 2004 under...
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