'If the government starts playing favourites, if the government acts in a manner which is not transparent, then natural resources which belong to not just you and me, but future generations, they fritter away. The anger against corruption, the anger against India's natural resources being looted is a consequence of the fact that within society there is a huge amount of turmoil and discontentment. Why should an Empowered Group Of Ministers or the Cabinet Committee on Economic Affairs decide the administered price of gas?' asks Paranjoy Guha Thakurta in this exclusive interview with Rediff.com's Sheela Bhatt.
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The marginal improvement in the index of industrial production was mainly on account of higher power generation and mining sector output, while manufacturing declined.
In 2012-13, the Centre managed to cut fiscal deficit to 4.9% of GDP, lower than the Budget revised estimates of 5.2%
A round-up of Ranji matches played on Monday
The government on Friday said in Rajya Sabha that it is "not in favour" of abolishing the capital punishment considering the "prevailing circumstances" in the country.
In putting the country's economy back on the rails, it is best that Narendra Modi and Arun Jaitley draw on grass-roots feedback and their own practical sense and native wisdom without allowing themselves to be sucked into the quicksand of economic punditry, says B S Raghavan.
Could get $8.4 per mmBtu from April 2014 by furnishing bank guarantee that would be encashed if D1, D3 gas hoarding proved
Double centuries by in-form Baba Aparajith and Manish Pandey helped South Zone amass 553 for 7 against West Zone on the second day of their four-day Duleep Trophy quarter-final in Chennai on Friday.
RBI Governor Raghuram Rajan on Tuesday said the government will decide on extension of his tenure.
"I think the Governor has been doing a great job for the country and we would certainly see it as a very positive move if he were reappointed," Naushad Forbes, president, CII.
The commission asks for notification to be deferred; RIL's KG-D6 pricing issue may return to Cabinet
Going by its past experience of differences between the central bank and the finance ministry, the government might prefer a person who could bridge this gap.
Stoutly defending the hike in gas prices, Oil Minister M Veerappa Moily said the move would benefit the government in terms of revenue as many gas discoveries have been made by public sector companies rather than private sector.
Banerjee feels that as long as Sonia Gandhi is the leader of the Congress Parliamentary Party, she should be the undisputed leader of a united front of opposition parties, reports R Rajagopalan.
Parliament proceedings were washed out for the fifth straight day, as members from parties including the Telugu Desam Party and the All India Anna Dravida Munnetra Kazhagam, continued their protests on various issues.
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Raghuram Rajan, who took over as RBI Governor on September 4, is scheduled to unveil on Friday mid-quarter monetary policy review, an event keenly awaited by industry and banks.
Round-up of the Ranji Trophy matches being played in different parts of the country.
EC on Monday asked the government to defer notifying doubling of price of the fuel produced by companies such as Reliance Industries till general elections are completed.
The terms are the same as those suggested by a panel headed by Prime Minister's Economic Advisory Council Chairman C Rangarajan for awarding future oil and gas block contracts.
Ranji Trophy giants, Mumbai, pulled off a thrilling one-wicket win over Tamil Nadu despite visiting skipper Dinesh Karthik's brilliant 167 in the first innings of the Group 'B' league encounter, in Mumbai, on Sunday.
The demand was raised during a debate on the Constitution (123rd Amendment) Bill 2017 in the Upper House, which was passed by the Lok Sabha on August 2 superseding the amendments earlier carried out by the Rajya Sabha.
A round up of the second day's play from the Ranji Trophy games being played across the country.
This is the first meeting chaired by Gandhi after relinquishing the post of Congress president last year.
Narendra Modi's landslide victory gives him the mandate to deregulate diesel prices as well as raise natural gas rates with a clear road map towards free pricing to cut subsidies and shrink the budget deficit.
This has spelt trouble for the mills. Most of them are unable to pay the farmers.
Gas pricing guidelines stipulate that a new gas price will apply to all producers except RIL.
Last week, RIL and urea companies failed to settle the key terms of gas supply from April 1 upon expiry of the five-year contracts that priced gas from the eastern offshore KG-D6 fields at $4.205 per million British thermal units.
'There is no question of diverting funds. This government is pro-poor, pro-worker and pro-progressive.'
Punjab rode on a solid batting display to post a massive 560 for 6 declared before reducing Odisha to 110 for 2 in their second innings on Day 3, in their Group A Ranji Trophy match in Mohali on Tuesday.
The global rating agency expects the economy to pick up in the next two financial years.
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Business leaders met Manmohan Singh to discuss the problems facing the country.
The Trinamool Congress sought complete withdrawal of the NRC, alleging that Indian citizens have also been left out of the final draft.
Riding on unbeaten centuries from K L Rahul and Karun Nair, defending champions Karnataka took firm control by finishing day two on a comfortable 323 for five in the Ranji Trophy final in Mumbai.
Hike would have led to higher cost of fertiliser, electricity and even CNG.
The move is likely to force the government to take a faster decision.
Many stalled projects are about to get going again, providing potential relief to banks, says T N Ninan.
RBI is expected to cut policy rates by 50 basis points by 2016.
Subbarao's remarks come against the backdrop of Finance Minister P Chidambaram's assertions in recent weeks that RBI should not focus solely on containing inflation but also look at the larger mandate of growth and job creation.
The Committee of Administrators (COA) on Friday assured that all six north eastern states will be playing Ranji Trophy as individual units next season with Board of Control for Cricket in India GM (Game Development), Ratnakar Shetty, given charge of their smooth integration.
Leaders from across parties condemned BJP vice president Dayashankar Singh for comparing the BSP chief to a sex worker.
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