Deora told Business Standard that a substantial volume of kerosene was also smuggled across the border, since the prices there were much higher. He added the government may have to rework various measures taken so far to curb the menace.
Rentals were already high due to strong manufacturing sector growth.
The committee members asked if SBI was waiting for private sector banks to announce their rates before it takes a call on the issue.
The committee members from the ruling and Opposition parties, in separate interactions with BSE and NSE, termed the volatility as 'clueless' and wanted both the exchanges to pull up their socks.
Ministry seeks more active role by state governments to address issues.
The spot gold was sold below the landed cost due to the weak demand for the metal.
With just a day to go for the biennial Maharashtra Legislative Council elections, Chief Minister and Congress leader Ashok Chavan is confident that the three candidates nominated by his party would win. There are 11 candidates in fray for 10 vacant seats, giving indications that the elections will be fought very hard.
The newly appointed president of Maharashtra Chamber of Housing Industry Sunil Mantri speaks on various issues in relty sector
NHAI expected to be debt-free by 2030-31 and added the authority, which raised about Rs 14 billion (Rs 1,400 crore) in 2009-10 through capital gains tax exemption bonds, planned to mobilise Rs 40 billion (Rs 4,000 crore) in the current financial year.
The Maharashtra unit of the Congress party is divided over the nomination of Commerce Minister Anand Sharma to the Rajya Sabha from the state.
Mumbai electricity consumers do not have to face powercuts for a while. The Maharashtra Cabinet subcommittee chaired by Chief Minister Ashok Chavan on Thursday intervened to resolve the ongoing dispute between Tata Power and Reliance Infrastructure over power purchase.
The Maharashtra government has decided to play the role of a heavy-handed mediator in the tussle between Tata Power and Reliance Infrastructure. The dispute is over the sale of electricity in this city at regulated rates.
Most economists say the impact on inflation could be substantial, considering that steel prices rose by over 9 per cent in the past year.
A Maharashtra government-appointed committee has asked Tata Power not to adopt differential pricing but supply excess power at the regulated price to Reliance Infrastructure.
As the IPL controversy has shown, he shuns the limelight but still makes his presence felt.
India retains its number one position in gold consumption in 2009, recording a total demand of 405.8 tonnes.
Initially, the industry thought jatropha could be grown on wasteland, without irrigation. They got it wrong, as good care is required for at least three years of the total plant life of 40-45 years, in which moderate irrigation is also required.
Civil Aviation Minister Praful Patel has often played the role of a crisis manager to sort out differences between the Congress and the Nationalist Congress Party, of which he is a prominent leader. The minister is now playing a similar role on the personal front, trying to defend himself amid reports of his alleged involvement in the controversial deals surrounding the Indian Premier League.
Exporters are increasingly becoming jittery of making huge losses and apprehend large-scale cancellation of orders and delay in payments.
Sule, who is being projected as Pawar's heir apparent, has clarified that neither Pawar nor any member of the Pawar family had any investments in IPL. She preferred sugarcane-rich Kolhapur in Maharashtra to issue the clarification.
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