New Delhi: Differences have surfaced in Congress over diesel price hike and restricting supply of cooking gas with a senior leader demanding a rollback of the decisions, saying it is a "great setback" to the party. "The government's decision to increase the price of diesel by Rs 5 per litre and restricting supply of subsidised LPG gas to six cylinders per household in a year will prove disastrous for common...
03:57 PM, Sep 15, 2012
Lucknow: Terming as "anti-people" the Centre's decision to hike diesel price and allowing FDI in retail sector, BSP on Saturday said it will take a final decision on continuing support to UPA on October 9 after a rally to commemorate party founder Kanshiram's sixth death anniversary. "In the last two-three days the government has taken several anti-people decisions," BSP chief Mayawati told reporters. She said BSP will hold a 'Maha...
02:47 PM, Sep 15, 2012
New Delhi: Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee has upped the ante against the UPA government once again. She has warned the UPA with her deadline demanding a rollback in the diesel price hike and FDI in retail. "My 72-hour deadline stands after which we will take a hard decision," Mamata told CNN-IBN. If Mamata decides to withdraw from the UPA, the government will be in...
01:33 PM, Sep 15, 2012
New Delhi: Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee is sticking to her deadline to the government demanding a rollback in the diesel price hike and FDI in retail. "My 72-hour deadline stands after which we will take a hard decision," Mamata told CNN-IBN. The Trinamool Congress had on Friday issued a 72-hour deadline for the government to roll back decisions on diesel, LPG and FDI. The...
12:12 PM, Sep 15, 2012
Unveiling the 12th Five Year Plan on Saturday, Prime Minister Manmohan Singh defended the diesel price hike. ...
11:50 AM, Sep 15, 2012
New Delhi: Prime Minister Manmohan Singh on Saturday indicated that the government was looking at growth-oriented reforms and defended the diesel price hike saying it wasn't wrong. "The recent increase in diesel prices is a move in the right direction," Manmohan Singh said at the Planning Commission meet unveiling the 12th Five Year Plan. The Prime Minister also said it was important to take risks for growth. "Courage and some...
11:07 AM, Sep 15, 2012
CII President Adi Godrej says diesel price hike was needed to bring down fiscal deficit. ...
10:19 AM, Sep 15, 2012
Thiruvananthapuram: The dawn-to-dusk strike called by the LDF and the BJP to protest hike in diesel prices and curtail LPG subsidy hit normal life across Kerala. Reports from different districts said the strike crippled mobility of people as public modes of transport kept off the roads and shops and hotels remained closed. There was no disruption of rail traffic. However, passengers who came by long-distance trains were caught unawares in...
10:10 AM, Sep 15, 2012
Rajya Sabha MP Kunal Ghosh says the Trinamool Congress (TMC) supremo wants the UPA government to rollback 'anti-people policies'. ...
09:36 AM, Sep 15, 2012
New Delhi: West Bengal Chief Minister Mamata Banerjee will be holding a rally in Kolkata on Saturday evening demanding a rollback on the hike on diesel prices and the limit on just 6 LPG cylinders per year for a family. Mamata will also be demanding a rollback of subsidy cuts in cooking gas. Five central trade unions on Friday announced agitations from Saturday to demand rollback in the diesel price...
08:10 AM, Sep 15, 2012
Jamshedpur: Not hiking diesel prices could have led to suppressed inflation, State Bank of India Chairman Pratip Chaudhuri said on Friday. Diesel prices were raised by Rs 5 a litre on Thursday night. The government had no choice but to increase the price of diesel because of the increasing loss incurred by the oil companies, Chaudhuri, who was in the steel city to take part in a function, said. While...
05:43 PM, Sep 14, 2012
New Delhi: Government's decision to hike diesel price will change the perception of the global rating agencies which had threatened to downgrade India's sovereign rating, said Planning Commission Deputy Chairman Montek Singh Ahluwalia. "The perception of the rating agencies that India cannot raise diesel prices will change. Rating agencies should take a good look at it. The fiscal space which has been created is quite substantial", he told reporters. The...
05:09 PM, Sep 14, 2012
New Delhi: Railways have no plans as yet to increase freight charges despite the steep hike in diesel prices which have put an additional burden of over Rs 1200 crores on it. "There is no move as yet to increase freight charges even if it (diesel price hike) hits us hard," said a senior Railway Ministry official. Railways consume about 250 crore litres of diesel per annum to run its...
03:49 PM, Sep 14, 2012
Price hike is having cascading effect on a middle class budget. Consumers in Bangalore react to the diesel price hike. ...
03:06 PM, Sep 14, 2012
New Delhi: The All India Motor Transport Congress (AIMTC) on Friday said it has increased freight charges across the country by 15 per cent following the hike in diesel prices. "We have decided to pass on the burden of increase in diesel price hike to customers. The freight charges will be increased with immediate effect by 15 per cent across India," AIMTC spokesperson GP Singh told PTI. He further said...
03:04 PM, Sep 14, 2012
The Delhi Chief Minister added, "As it is today, the cheapest diesel is in Delhi. If we can do something, we will do." ...
02:59 PM, Sep 14, 2012
New Delhi: The politically tough decision of hiking diesel price and limiting the usage of LPG to just six cylinders in a year on subsidised rate has led to nation-wide protests with the UPA constituents as well as the Opposition parties taking to the streets, demanding an immediate rollback. Massive protests are taking place in Delhi, Mumbai, Chandigarh, Karnal, Kanpur, Allahabad, Agra, Ludhiana and several other cities over the government's...
01:30 PM, Sep 14, 2012
The government has increased the price of diesel by Rs 5 and has also restricted the number of rationed LPG cylinders to 6 cylinders per household per year. Do you think this is justified. Post your reactions and questions and experts will answer them on CNN-IBN at 6:30 this evening.
01:18 PM, Sep 14, 2012
New Delhi: Even as the diesel price hike has sparked a nationwide protest, BPCL has defended the decision saying the rise was long overdue. BPCL CMD RK Singh has also said that the diesel price should have been increased by Rs 17, but has been increased only by Rs 5. "In my opinion this hike was long overdue. A little dose of increase is a welcome sign. There will be...
12:50 PM, Sep 14, 2012
New Delhi: There anger is rising among the aam aadmi, political parties and traders over the decision to hike diesel prices by Rs 5 per litre, which came into effect on Friday. Protests are on in Mumbai, Chandigarh, Karnal and Kanpur over the government's decision to not just diesel price hike but also limiting the usage of LPG to 6 cylinders per household. There are hard times in store for...
10:23 AM, Sep 14, 2012
