Prime Minister Manmohan Singh may convene a meeting of Finance Minister P Chidambaram and Oil Minister Murli Deora within a week to discuss fuel pricing and taxation regime on the sensitive products.
'Does the BJP opening up a new assault on Rajiv Gandhi indicate that the BJP's internal calculations are pointing to the election results not going as it hoped, and hence a sign of desperation?' asks Saisuresh Sivaswamy.
'Flypasts, bands, helicopters dropping flowers over hospitals treating coronavirus patients are cute ideas for an Akshay Kumar film.' 'But when lakhs of workers at the lowest rung of the employment ladder would still be walking back home, this is the true 2020 equivalent of 'let them eat cake,' notes Shekhar Gupta.
Since taking office in 2014, the prime minister has been working tirelessly, a query through RTI reveals.
India's fuel demand in May slumped to its lowest in nine months as restrictions to curb the second wave of COVID infections stalled mobility and muted economic activity. Fuel demand fell 1.5 per cent to 15.1 million tonnes despite the low base of May 2020 and was down 11.3 per cent when compared to the previous month, according to data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry. India was under one of the world's strictest lockdowns in May last year, which brought all mobility and economic activity to a grinding halt.
The expectation that Mr Modi would be a major reformer, capable of reinvigorating the Indian economy, were based on a complete misreading of both his actions and his performance as Gujarat chief minister, says Mihir S Sharma.
A shortfall in LPG supply from Aramco has led to huge booking backlog across states. To meet the backlog, India has asked Abu Dhabi National Oil Company for two additional cargos of LPG, but that may take another 10 days to reach.
In a presentation prepared for the incoming Narendra Modi-government, the ministry listed national oil companies losing focus on domestic exploration as well as legal disputes around signed contracts with private explorers among the five things that went wrong during the United Progressive Alliance regime.
Delhiites will have to shell out more from their pockets for virtually everything from cooking gas to diesel with Delhi government on Monday withdrawing subsidy on LPG and increasing VAT on many items to "generate" additional revenue.
The structures appear to be 'lumps' in the thin gas that lies between the stars in our galaxy, researchers said.
A round-up of our favourite photographs from the week gone by
The Union home ministry's notification giving effect to the Government of National Capital Territory of Delhi (Amendment) Act, 2021 came on Tuesday night, as the city battles a ferocious COVID-19 wave and its healthcare system is stretched to breaking point.
Ministry to propose a new subsidy mechanism to cap upstream firms' share.
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.
SBI was the top gainer in the Sensex pack, rallying over 10 per cent, followed by Kotak Bank, Dr Reddy's, UltraTech Cement, ITC and HDFC Bank. On the other hand, Axis Bank, Bharti Airtel, ICICI Bank, Maruti and HCL Tech were among the laggards.
The ministerial panel is now likely to meet on June 24 or 25.
It is high time that petrol and diesel prices were decontrolled taking advantage of low inflation and global crude prices, the Economic Survey said, while criticising the government for its "imperfect" handling of oil price hike.
The government will provide five crore LPG connections on concessional rates in the name of women from below poverty line.
Under pressure from his party, Oil Minister M Veerappa Moily said the government is considering increasing the quota of subsidised LPG cylinders to 12 per household even as hints were dropped of a one-time hike in diesel and LPG rates
Singh also claimed that the insurgency situation has improved considerably in the last 18 months since the BJP came to power at the Centre and appealed to all militant outfits in Assam to give up arms and come forward for talks.
The growth, however, may not indicate a major revival of economic activity.
The Centre on Sunday moved the Delhi High Court seeking recall of its order directing supply of entire allocated oxygen of 490 metric tonnes (MT) to the national capital and warning of contempt action for failure to do so.
'The steel and petrochemical industries are oxygen guzzlers and diverting oxygen from there can meet hospitals' requirements'
'The Indian soldier will fight where he is asked to, and he always has.' 'It is up to us as a democratic society to see that his service and sacrifice is for the most useful causes, and that we do not needlessly ask him to die for us,' says Aakar Patel.
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The scheme was launched in 2012 in collaboration with three Oil Marketing Companies and Union Ministry of Petroleum and Natural Gas for which Delhi Government had incurred an expenditure of Rs 62 crore (Rs 620 million).
The government does not seem inclined, at least in the petroleum sector, to effect sudden and steep upward price revisions to tame its huge subsidy burden and rein in fiscal deficit.
The challenge of achieving fiscal deficit targets for the next two years seems daunting.
Leader of Opposition Mallikarjun Kharge, speaking on the Motion of Thanks on the President's address, charged the government with not delivering on its various promises, including generating two crore jobs per year.
A report of five-member sub-group constituted by the Supreme Court to audit oxygen use in hospitals in the national capital during the second wave in April-May said the Delhi government "exaggerated" consumption of oxygen and made a claim of 1,140 MT, four times higher than the formula for bed capacity requirement of 289 MT.
'In the last six years, there have been 29,140 fire incidents in Mumbai in which 300 people have died and 925 people have been injured.' 'So, at least 10 to 12 fire accidents take place in Mumbai every day.'
Around 700 migrant workers, women and children have lost their lives in this reverse migration. But what is happening today with the migrant labour is only a continuation of the policies pursued by the Modi regime during the last six years. It is not for nothing that India was ranked the most dangerous country in the world for women in 2018 by the Thompson Reuters Foundation poll, points out Rashme Sehgal.
The prime minister said the Congress has run away from the battlefield conceding defeat in the 68-member assembly.
Sops for middle class, poor and farmers on cards.
State-run Indian Oil Corporation on Wednesday it was incurring a loss of Rs 50 crore (Rs 500 million) per day on sale of all fuel products but petrol.
The petroleum ministry has said that fuel prices should go up by Rs 10.43 a litre and cooking gas price by Rs 114.45 per cylinder, with the Left parties opposing the move.
Indian Oil Corporation on Monday said there was no shortage of LPG even as it claimed it was checking against diversion of cooking gas for unauthorised use.
A tweet by the Press Information Bureau said the states which have imposed lockdown in all districts include Chandigarh, Delhi, Goa, Jammu and Kashmir and Nagaland. The other states are: Rajasthan, Uttarakhand, West Bengal, Ladakh, Tripura, Telangana, Chhattisgarh, Punjab, Himachal Pradesh, Maharashtra, Andhra Pradesh, Meghalaya, Jharkhand, Bihar, Arunachal Pradesh, Manipur, Tamil Nadu, Kerala, Haryana, Daman Diu and Dadra and Nagar Haveli, Karnataka and Assam.
Demanding a roll back of the hike in cooking gas price, that was increased by Rs 20 per cylinder yesterday, CPI (M) said the Centre's decision not to touch import duties on petroleum products will lead to an "anomalous" situation.
'I am here to look after people's needs.' 'I am not bothered about who is a Maoist or who is not.'
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