'The question often being asked is whether the demand for petrol and diesel is price inelastic?' asks Arun Balakrishnan, former chairman and managing director, Hindustan Petroleum.
Main opposition Bharatiya Janata Party on Monday once again targeted Prime Minister Manmohan Singh in Rajya Sabha on missing files pertaining to coal mines allocation saying the scam is "monumental" and demanded that he clarify on it.
In Lok Sabha, Deputy Leader V K Malhotra demanded the suspension of Question Hour as soon as the House met for the day.
The government planned to borrow 10-15 per cent of the total borrowing offshore. That works out to at least Rs 71,000 crore, or about $10.4 billion at Friday's exchange rate.
Taking a leaf from the US, Canada and the UK, where students and research scholars get to work with Parliamentary panels, Lok Sabha Speaker Sumitra Mahajan is pushing for induction of interns in the Parliamentary standing committees.
A first information report has been lodged in connection with the theft of about 500 files of Bihar's animal husbandry directorate which are supposedly related to the multi-crore fodder scam.
The plea also sought a directive for the constitution of a committee of experts who would find the details of bad debt cases in the country.
The Telugu Desam Party, the All India Anna Dravida Munnetra Kazhagam and Dravida Munnetra Kazhagam continued to raise the issue of the dam over the River Cauvery and special status for Andhra Pradesh in both the Houses. While the Rajya Sabha was adjourned for the day soon after it met at 11.00 am, the Lok Sabha saw repeated adjournments, but managed to pass the Surrogacy (Regulation) Bill amid the din.
'Looking forward to working with members of the Trump administration,' Shalabh Kumar said after he was appointed to the transition finance and inauguration teams.
Demanding that the Banerjee Committee report be placed on the table of the House, Mr Madhusoodhan Mistry (Congress) said, "Mr Modi should not be allowed to continue even for a single day as chief minister as he has failed to do his duty."
'Was an NDA meeting held to decide if the Shiv Sena has to be removed from the NDA?'
After Raghuram Rajan leaves, the world for the succeeding RBI governors will be distinctly different.
A summary of sports events and persons who made news on Wednesday.
The JuD is believed to be the front organisation for the Lashkar-e-Tayiba.
The cases have been registered in Lahore, Gujranwala and Multan for collection of funds for terror financing through assets/properties made and held in the names of Trusts/ Non Profit Organisations including Al-Anfaal Trust, Dawatul Irshad Trust and Muaz Bin Jabal Trust.
But their trajectory and direction have been largely influenced by politics and the political leadership's understanding of how the economy needs to be managed, explains A K Bhattacharya.
India has not been able to compete with countries such as Bangladesh and Vietnam.
Faced with the prospect of yet another embarrassment in Rajya Sabha, Government on Tuesday night bowed to the opposition demand for sending the Mines and Minerals bill to a Select Committee after hours of battle of wits between rival sides.
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
The resignation is sure to create more political firestorms for the government as it comes on the eve of the winter session of Parliament where the Opposition has already made it clear to the treasury benches that infringing on the RBI autonomy would be a big talking point for them.
Summers dogged by controversies over past views
Its passage in the Lok Sabha is all but certain due to the massive majority the Bharatiya Janata Party and its allies have, and the Union government is confident of its passage in the Rajya Sabha as well with the support of several non-aligned regional parties which have often joined the treasury benches in the past.
The five Ahmedabad-based call centres that made calls to people living in the US are Hglobal, Call Mantra, Worldwide Solution, Zoriion Communications and Sharma BPO Services.
After the August 10 deadline, South American conglomerate Synergy Group Corp reportedly evinced interest in the airline, forcing the RP to seek lenders' nod to extend the deadline to August 31. The Synergy Group owns a majority in Colombian carrier Avianca Holdings, which has a codeshare partnership with the state-run Air India.
Currently, banks follow system of internal benchmarks, including Prime Lending Rate, Benchmark Prime Lending Rate, Base rate and Marginal Cost of Funds based Lending Rate.
Naresh Goyal-owned group companies, including the airline's general sales agent in India and abroad, and a car rental firm, are among those who have filed claims.
The federal government uses a fiscal year that begins in October; on that basis, the 2014 fiscal year ended in September saw a deficit of $483 billion, the lowest of Barack Obama's presidency
Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.
It is a record that the saffron party has created, where the majority of its legislators belonged to the minority community.
High frequency indicators suggest that a growth recovery is underway, but very tentatively and with weak legs, says Saugata Bhattacharya.
The Congress leadership has become stunted, it does not understand agriculture and the party is trying to mislead farmers for its own vested interests, said Union Agriculture Minister Narendra Singh Tomar.
A summary of sports events and persons who made news on Saturday
"My family reputation kept me a silent spectator, as I mutely watched the organisation I founded come to a point where it was publicly auctioned; where my family and myself have been stripped of our legacy, our finances and my personal credibility."
China on Thursday said it was in "close" contact with India over its efforts to put Masood Azhar on the United Nations list of proscribed terrorists, as it expressed willingness to step up bilateral counter-terrorism cooperation in response to President Pranab Mukherjee's call.
The government favours a probe into the alleged bribery charges against some of its MPs.
"Make no mistake: whatever LeT chooses to call itself, it remains a violent terrorist group. The US supports all efforts to ensure that LeT does not have a political voice until it gives up violence as a tool of influence," said Nathan A Sales, Coordinator for Counterterrorism at the Department of State.
The view among the regulator and the government is that the currency is overvalued
'Rather than cutting and pasting from advanced economies, we should use basic economic principles to think about what is right for India at the stage of development at which we are,' says Chief Economic Advisor Krishnamurthy Subramanian.
Friday's US data showed addition of 173,000 jobs in August.
