decontrol

Government may reduce subsidised LPG cylinders to rich


July 18th, 2012 - 10:13 pm ICT by IANS
Bangalore, July 18 (IANS) The central government is mulling reducing the subsidy on cooking gas by limiting supply of LPG cylinders to those who do not belong to the economically ... Read more...

Posted in Business |

We will restore growth, investor confidence: PM


July 6th, 2012 - 2:54 pm ICT by IANS
New Delhi, July 6 (IANS) While the world economy was facing challenging times, India's growth story was still intact, Prime Minister Manmohan Singh has said while promising action ... Read more...

Posted in Business |

Susidies to be cut soon, says Rangarajan (Lead)


June 29th, 2012 - 6:49 pm ICT by IANS
Kolkata, June 29 (IANS) The government could cut the subsidies on fuel and fertilisers soon to contain the ballooning fiscal deficit, C. Rangarajan, who heads the Prime Minister's Economic ... Read more...

Posted in Business |

Finance ministry advisor suggests small diesel price decontrol


June 13th, 2012 - 12:06 am ICT by IANS
Bangalore, June 12 (IANS) The finance ministry's Chief Economic Advisor, Kaushik Basu Tuesday favoured decontrol of diesel price in a small and intelligent way to insulate the country from spiralling global ... Read more...

Posted in Business |

CII for reducing subsidies to two percent of GDP


June 5th, 2012 - 7:55 pm ICT by IANS
Hyderabad, June 5 (IANS) The Confederation of Indian Industry (CII) Tuesday backed the idea of containing subsidies to two percent of the Gross Domestic Product (GDP).The CII national council, which ... Read more...

Posted in Business |

Tripura demands roll back of oil price hike


May 24th, 2012 - 7:21 pm ICT by IANS
Agartala, May 24 (IANS) The ruling Left Front in Tripura Thursday demanded immediate withdrawal of the hike in petrol prices and organised demonstrations across the north eastern state to press ... Read more...

Posted in Politics |

Government subsidy burden at 10-year high


March 6th, 2012 - 6:15 pm ICT by IANS
New Delhi, March 6 (IANS) The Indian government's subsidy burden is expected to reach 2.5 percent of the country's gross domestic product (GDP) for the fiscal ending March 31, the ... Read more...

Posted in Business |

Bengal farmers to be paid by cheque to avoid fleecing: Mamata


December 2nd, 2011 - 8:59 pm ICT by IANS
Dankuni (West Bengal), Dec 2 (IANS) Farmers in West Bengal will henceforth be paid through cheque for the grain procured from them by the government, Chief Minister Mamata Banerjee ... Read more...

Posted in Politics |

PM will decide petrol price issue: Pranab


November 8th, 2011 - 3:53 pm ICT by IANS
Kolkata, Nov 8 (IANS) Prime Minister Manmohan Singh will decide on the issue of petrol prices after discussing the matter Tuesday with MPs of United Progressive Alliance (UPA) partner ... Read more...

Posted in Politics |

Mamata was in cabinet when petrol decontrolled: CPI-M


November 8th, 2011 - 12:04 am ICT by IANS
Kolkata, Nov 7 (IANS) Terming the Trinamool Congress protests against the petrol price hike as "doublespeak", West Bengal's Left Front major Communist Party of India-Marxist (CPI-M) Monday noted that ... Read more...

Posted in Uncategorized |

Friends, foes alike attack petrol hike, PM defends decontrol


November 5th, 2011 - 12:29 am ICT by IANS
New Delhi, Nov 4 (IANS) The UPA government came in for sharp criticism over the latest petrol price hike with ally Trinamool Congress joining the opposition in slamming ... Read more...

Posted in Politics |

Food inflation may be result of growing prosperity: Manmohan


November 4th, 2011 - 10:47 pm ICT by IANS
Cannes, Nov 4 (IANS) Prime Minister Manmohan Singh Friday said inflation in food articles in India was, indeed, a problem but said that grain prices have been relatively stable. ... Read more...

Posted in World |

Bhattacharjee flays food inflation, fuel price hike


September 23rd, 2011 - 12:23 am ICT by IANS
Berhampore, Sep 22 (IANS) Taking potshots at the Congress-led central government for soaring food and petrol prices, former West Bengal chief minister Buddhadeb Bhattacharjee Thursday said the government should ... Read more...

Posted in Politics |

Tripura’s Left government protests petrol price hike


September 16th, 2011 - 3:13 pm ICT by IANS
Agartala, Sep 16 (IANS) Tripura's Left Front government Friday demanded immediate withdrawal of the hike in petrol prices while the ruling Communist Party of India-Marxist (CPI-M) organised vociferous demonstrations.State-owned oil ... Read more...

Posted in Politics |

Government reluctant to decontrol diesel prices: Parikh


August 26th, 2011 - 5:29 pm ICT by IANS
Kolkata, Aug 26 (IANS) Economist Kirit S. Parikh, who heads the panel constituted by Prime Minister Manmohan Singh for oil pricing reforms, Friday said the government was reluctant to ... Read more...

Posted in Business |

Government compelled to hike fuel price: Reddy


August 4th, 2011 - 8:30 pm ICT by IANS
New Delhi, Aug 4 (IANS) The United Progressive Alliance government Thursday defended its recent decision to hike prices of diesel, cooking gas and kerosene, saying it was compelled to ... Read more...

Posted in Politics |

CII’s action plan to decontrol sugar industry


July 6th, 2011 - 9:57 pm ICT by IANS
New Delhi, July 6 (IANS) Welcoming the government's decision to discuss decontrol of sugar industry, the Confederation of Indian Industry (CII) Wednesday suggested a six-point action plan including linking of ... Read more...

Posted in Business |

No government role in petrol price hike, says Pranab


May 15th, 2011 - 6:13 pm ICT by IANS
Kolkata, May 15 (IANS) Union Finance Minister Pranab Mukherjee Sunday said the government had no role to play in the latest petrol price hike as the prices had been ... Read more...

Posted in Business |

Previous petrol hikes (To go with petrol price hike story)


May 14th, 2011 - 9:21 pm ICT by IANS
New Delhi, May 14 (IANS) Since June 2010, following the decontrol of petrol prices, the oil companies have revised prices several times.A look at the past price revisions:Delhi:Jan 16, 2011 ... Read more...

Posted in Business |

Deregulate diesel prices: Chief economic advisor


April 8th, 2011 - 3:02 pm ICT by IANS
Kolkata, April 8 (IANS) Chief Economic Advisor Kaushik Basu has advocated the deregulation of diesel prices as this would bring down inflation in the long run."I personally believe that ... Read more...

Posted in Business |

Inflation, fiscal deficit to remain big concern in 2011: FICCI


January 24th, 2011 - 7:09 pm ICT by IANS
New Delhi, Jan 24 (IANS) Relief from soaring prices of essential commodities in 2011 is unlikely, an industry survey said Monday. The government would also struggle to contain fiscal deficit to the ... Read more...

Posted in Business |

Diesel price to be decontrolled in due course: Deora


November 1st, 2010 - 8:26 pm ICT by IANS
New Delhi, Nov 1 (IANS) Petroleum Minister Murli Deora Monday said the government is considering decontrolling diesel prices and asserted that freeing of petrol prices and raising of diesel prices have not ... Read more...

Posted in Business |

Talks for sugar decontrol in a month: Pawar


September 17th, 2010 - 5:46 pm ICT by IANS
New Delhi, Sep 17 (IANS) The central government hopes to start the consultative process with all stakeholders within a month on the issue of de-controlling the sugar industry, Agriculture Minister Sharad Pawar ... Read more...

Posted in Business |

Highlights of report presented by PM’s economic panel


July 23rd, 2010 - 3:50 pm ICT by IANS
New Delhi, July 23 (IANS) Following are the highlights of the observations and forecasts on the performance of the Indian economy made by the Prime Minister's Economic Advisory Council, chaired by C. ... Read more...

Posted in Business |

Mayawati tells MPs to raise price rise issue in house


July 20th, 2010 - 10:07 pm ICT by IANS
Lucknow, July 20 (IANS) Bahujan Samaj Party (BSP) president and Uttar Pradesh Chief Minister Mayawati Tuesday urged party MPs to raise issues related to price rise and ill-treatment of Bhopal gas ... Read more...

Posted in Politics |

State oil companies to set uniform petrol price


July 15th, 2010 - 12:07 am ICT by IANS
New Delhi, July 14 (IANS) State-owned oil marketing companies have decided to set a uniform price for petrol and will only revise the retail prices on a monthly basis, a senior official ... Read more...

Posted in Business |

West Bengal given 10-day deadline for bus fare hike


June 29th, 2010 - 5:31 pm ICT by IANS
Kolkata, June 29 (IANS) Bus operators in West Bengal Tuesday met state Transport Minister Ranjit Kundu and demanded a fare-increase in view of the fuel price hike. "Today (Tuesday) we had a meeting ... Read more...

Posted in Business |

petrol decontrol positive for oil companies: Crisil


June 28th, 2010 - 8:59 pm ICT by IANS
New Delhi, June 28 (IANS) Credit rating agency Crisil said the decontrol of petrol price will positively impact the financial risk profiles of oil marketing companies. However, given the sizeable under-recoveries that still ... Read more...

Posted in Business |

West Bengal’s bus, taxi operators demand fare hike (Lead)


June 27th, 2010 - 11:00 pm ICT by IANS
Kolkata, June 27 (IANS) West Bengal's bus and taxi operators Sunday demanded a hike in fares to cope with the recent increase in fuel prices. "We will place our demand to increase the ... Read more...

Posted in Business |

Bengal bus operators to demand fare hike


June 27th, 2010 - 7:13 pm ICT by IANS
Kolkata, June 27 (IANS) West Bengal bus operators Sunday decided to demand a hike in fares to cope with the recent increase in fuel prices. "We will meet the state transport minister and ... Read more...

Posted in Business |

Govt ad justifies fuel price hike


June 27th, 2010 - 5:44 pm ICT by IANS
New Delhi, June 27 (IANS) The government Sunday released a large advertisement titled, "A small price to pay today... For a better tomorrow", justifying the recent increase in fuel prices. The hike ... Read more...

Posted in Politics |

Bangaloreans brace up for all round price hikes


June 26th, 2010 - 8:05 pm ICT by IANS
Bangalore, June 26 (IANS) From bachelors to families and traders to buyers, people across Karnataka are busy reworking their monthly budgets after Friday's fuel price hike announced by the central government. Thousands of ... Read more...

Posted in Business |

BJP announces protests against fuel hike


June 25th, 2010 - 11:48 pm ICT by IANS
New Delhi, June 25 (IANS) The Bharatiya Janata Party (BJP) Friday said it would hold protests against the "anti people" fuel hike for the next two days. A BJP party statement said ... Read more...

Posted in Politics |

Fuel price decision to make country efficient: Experts


June 25th, 2010 - 9:58 pm ICT by IANS
New Delhi, June 25 (IANS) Sound economic reason and political sense have dictated the government's decision Friday to decontrol petrol price and hike that of other fuels, say experts. In a long overdue ... Read more...

Posted in Business |

No option for government but to hike fuel prices: Congress


June 25th, 2010 - 7:51 pm ICT by IANS
New Delhi, June 25 (IANS) The ruling Congress party Friday supported the government's move to decontrol petrol prices and hike rates of other fuel products, asserting that it had no other ... Read more...

Posted in Politics |

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