Bhopal: The ruling BJP in Madhya Pradesh on Wednesday claimed that Congress workers under the garb of saffron activists may create "disturbance" during the day-long nationwide bandh on Thursday on the issue of steep hike in petrol prices. "We have received credible information that some Congressmen under the garb of VHP, Shiv Sena and Bajrang Dal workers may create disturbance in major cities of the state to defame the ruling...
11:58 PM, May 30, 2012
Catch the day's top stories on India at 9 with Veeraraghav and Suhasini Haidar. ...
11:38 PM, May 30, 2012
Viswanathan Anand retained his title with a 2.5-1.5 scoreline against Israel's Boris Gelfand in a tense rapid chess tie-breaker at Moscow. ...
10:58 PM, May 30, 2012
New Delhi: With the hike in petrol prices turning to be a major political issue, the Congress on Wednesday steered clear of senior leader AK Antony's remarks that it was "not a correct step" and the oil companies should have shown some "propriety" before taking the decision. Party spokesperson Rashid Alvi refused to come out with a categorical response on Antony's remarks despite repeated questions with his refrain being, "Petroleum...
08:37 PM, May 30, 2012
New Delhi: India may come to a standstill on Thursday with the BJP-led NDA and the Left giving a call for a nation-wide bandh to demand a rollback of the steepest-ever petrol price hike. Terming it as an "anti-people" decision and a "savage attack" on the people, the NDA called for a 'Bharat bandh', while Left parties will observe the day as 'All India Protest Day' that will include strikes,...
07:03 PM, May 30, 2012
New Delhi: Defence Minister AK Antony on Tuesday slammed the UPA government for the steepest ever petrol price hike, saying it was not a correct step and that the oil companies should have shown some "propriety" before hiking the prices. "The hike in petrol price was not a correct step," Antony said, adding, "The oil companies should have shown some propriety." The UPA government is under intense pressure from even...
07:50 PM, May 29, 2012
Petroleum Minister Jaipal Reddy on Friday defended the hike in oil prices, ruling out a partial rollback anytime soon. ...
10:12 PM, May 25, 2012
New Delhi: Strange but true, the subsidy on kerosene, LPG and diesel is twice the total budget of the ministries of rural development, drinking water and sanitation and, more than the budget of the Defence Ministry, Minister for Rural Development and Drinking Water Jairam Ramesh said on Friday. In his own words: "The total subsidy on diesel, kerosene and LPG comes to Rs 1,90,000 crore. Whereas, the total budget for...
07:17 PM, May 25, 2012
New Delhi: Petroleum Minister Jaipal Reddy on Friday defended the hike in oil prices and said that the government will watch the international situation for a few days before taking a decision on the issue. The minister added that a partial rollback of the prices was not likely soon. Reddy said, "India is facing the twin crisis of rupee devaluation against US dollar and a substantial increase in the international...
05:57 PM, May 25, 2012
Amid speculation that a partial rollback of petrol prices is likely due to political pressure, Chief Economic Advisor Kaushik Basu has said that a rollback of any kind will adversely affect the fiscal deficit target leading to price increase in general. In an interview with Karan Thapar on 'Devil's Advocate', the Chief Economic Advisor said that oil price regulations had to be made in such a way, that in the...
04:28 PM, May 25, 2012
How guilty is the government of mishandling the situation on petrol prices? ...
09:23 PM, May 24, 2012
New Delhi: Amid rising global crude oil prices, Finance Minister Pranab Mukherjee on Wednesday warned of "disastrous consequences" if corrective steps are not taken to deal with the problem as India cannot afford import of large quantities at high prices. "Petroleum prices are increasing by leaps and bounds. We cannot keep them under any carpet. If we do not take corrective measures, we will have to face disastrous consequences," he...
09:34 PM, May 16, 2012
New Delhi: Union Finance Minister Pranab Mukherjee on Tuesday replied to the Finance Bill in Lok Sabha, pointing that oil prices were mounting everyday. Asserting that the government had the capacity to respond to any challenge, he said that subsidies constituted a major part of it. Addressing the House, the Finance Minister said that there was a need for all the stake holders to get going together to improve the...
04:53 PM, May 08, 2012
New Delhi: State-run oil companies have served an ultimatum to the government that they will raise petrol prices by Rs 9.6 a litre if excise duty is not cut or they are not provided compensation for Rs 49-crore per day loss on fuel sale. "We have been very patient, not raising prices since December despite our cost of production spiralling. But there is a limit to which we can borrow...
06:30 PM, Apr 17, 2012
New Delhi: State-owned oil companies' losses on petrol sales have climbed to Rs 7.65 per litre but they may not raise fuel prices on Saturday pending a clarification from the government on duty reduction and subsidy compensation. "We are losing about Rs 7.65 per litre on petrol and after adding 20 per cent sales tax, the desired increase in rates in Delhi is Rs 9.18 per litre," a top oil...
06:23 PM, Mar 31, 2012
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