New Delhi: Union Finance Minister Pranab Mukherjee on Monday dismissed the possibility that India's economic situation is anywhere near as dire as in 1991. "Attempts have been made to link the current situation with that in 1991. I think this comparison is not correct. There is no reason to believe that we are going back to the situation of 1991 because our fundamentals are very strong," said Mukherjee. "Our foreign...
06:10 PM, Jun 04, 2012
A day before Foreign Minister SM Krishna's trip, Beijing issued an advisory against travel to India citing protests over the fuel price hike, after New Delhi warned traders against business in Yiwu. ...
02:26 PM, Jun 04, 2012
Beijing: In what is being seen as a tit-for-tat move, China has cautioned its citizens against travelling to India following protests over the increase in petroleum prices, after New Delhi issued advisories warning its traders against doing business in the Chinese commodity hub of Yiwu. An advisory has been posted on the Chinese Foreign Ministry website as well as Chinese Embassy in New Delhi dated June 1 which warned about...
12:31 PM, Jun 04, 2012
New Delhi: Three state-owned oil companies have issued a statement denying that they are making huge profits and stated that the petrol price hike was necessary. The statement came in response to a letter by Overseas Indian Affairs Minister Vayalar Ravi to Oil Minister S Jaipal Reddy saying the claim made by oil companies that they are running in loss seems to be untrue in view of the profits they...
07:08 AM, Jun 04, 2012
New Delhi: Dismissing "false impression" of having made huge profits, Chief Executives of the three state-owned oil firms on Sunday said a combined bailout package totalling a whopping Rs 1,38,500 crore had helped them report nominal profits in 2011-12 fiscal. In an unusual joint statement, Indian Oil Chairman RS Butola, Bharat Petroleum Chief RK Singh and Hindustan Petroleum CMD Subir Roy Chowdhry said contrary to the false impression of oil...
01:39 AM, Jun 04, 2012
The Prime Minister's Chief Economic Advisor Dr C Rangarajan has admitted that a hike in diesel and LPG prices is imminent despite a steep hike in petrol prices last week. While speaking to Karan Thapar on 'Devil's Advocate', Dr Rangarajan said the government can soften the blow but fuel price hike is the need of the hour to contain the fiscal deficit. Karan Thapar: Hello and welcome to the Devil's...
12:01 PM, Jun 03, 2012
Chennai: Tamil Nadu Chief Minister Jayalalithaa on Saturday termed the partial rollback of petrol prices by Rs two per litre, as an "eyewash" that would not soothe people's anger and demanded a complete rollback. "Reducing Rs two from the earlier hike of Rs 7.50 will not benefit the poor.This small reduction will not soothe people's anger.It will continue to be a burden on poor and middle class," the AIADMK supremo...
04:28 AM, Jun 03, 2012
New Delhi: The Congress on Saturday expressed hope that the cut of Rs 2.02 per litre in petrol price will provide relief to common man even as UPA ally Trinamool Congress and Opposition BJP rejected the partial rollback of the steep hike in fuel price. However, speaking on the condition of anonymity, the Congress leaders indicated continued sense of unease in sections of the party over the petrol price hike....
12:52 AM, Jun 03, 2012
Chennai: Tamil Nadu Chief Minister Jayalalithaa on Saturday termed the partial rollback of petrol prices by Rs two per litre as an "eyewash" that would not soothe people's anger and demanded a complete rollback. "Reducing Rs two from the earlier hike of Rs 7.50 will not benefit the poor. This small reduction will not soothe people's anger. It will continue to be a burden on poor and middle class," the...
08:24 PM, Jun 02, 2012
People feel that a Rs 2 cut in the petrol price will not be of any help and it should have been at least Rs 5 per litre. ...
07:39 PM, Jun 02, 2012
The opposition parties as well as UPA ally Trinamool Congress have said that the Rs 2 cut in the petrol price is not enough. ...
07:36 PM, Jun 02, 2012
New Delhi: In what comes as a relief to the common man, petrol prices will be cut by Rs 2 per litre with effect from Saturday midnight. Speaking to CNN-IBN, Minister of State for petroleum, RPN Singh, said that the oil companies were giving back their gain to the people by slashing the price. "Oil companies are giving back their gain to the people by slashing prices by Rs 2....
05:46 PM, Jun 02, 2012
New Delhi: The Prime Minister's Chief Economic Advisor Dr C Rangarajan has admitted that a hike in diesel and LPG prices is imminent despite a steep hike in petrol prices last week. While speaking to Karan Thapar on Devil's Advocate, Dr Rangarajan said the government can soften the blow but fuel price hike is the need of the hour to contain the fiscal deficit. Here's an excerpt of the interview:...
07:17 AM, Jun 02, 2012
Chandigarh: The Haryana government on Friday said it will not reduce tax on petrol as the price of fuel is already less in the state in comparison to rates prevailing in neighbouring states. Chief Minister Bhupinder Singh Hooda on Friday said price of petrol in Haryana was already less as compared to neighbouring states. Hooda was replying to questions after presiding over a meeting of the state cabinet here today....
02:26 AM, Jun 02, 2012
New Delhi: The Bharatiya Janata Party (BJP) on Friday announced it would hold a fortnight-long agitation across the country from June 7 which would culminate in a court arrest programme on June 22 to protest steep hike in petrol prices, alleged attack on the country's federal structure by the Centre and price rise. In a statement, BJP general secretary Ananth Kumar said the decision to launch a 'Jan Sangharsh Abhiyan'...
10:00 PM, Jun 01, 2012
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