Congress leader Rahul Gandhi on Wednesday slammed the government over the rising price of domestic cooking gas, diesel and petrol, and alleged that an amount of Rs 23 lakh crore has been earned by increasing prices of these commodities in the last seven years.
Higher prices are burdening household budgets and threatening the margins of leading manufacturers.
Speaking during a video interaction with Pradhan Mantri Garib Kalyan Anna Yojana beneficiaries from Madhya Pradesh, he also said that there was 'vikriti' (distortion) in the system of the previous government.
'There has been far too much overconfidence about the size and composition of the Indian consumer economy,' notes Mihir S Sharma.
Key stimuli of the government's relief package will be a tax break on jet fuel, waiver of parking and landing charges at airports for the next six months and deferment of payment to oil companies by three months.
Aircraft reconfiguration and Kingfisher's slide help the airline consolidate its top spot, but widening losses and IndiGo's rapid rise are big concerns.
'Once the military starts to draw up plans for using nuclear weapons, then nuclear weapons could be used earlier in a crisis than otherwise.'
Power Minister Piyush Goyal is keen to revive the energy sector.
Power Minister Piyush Goyal is keen to revive the energy sector.
The former Union minister said the population debate is 'utterly misplaced' and half a century out-of-date as a large majority of Indian states have achieved replacement levels of fertility.
Nepal's Cabinet on Monday passed a special resolution asking India to open the border entry points to ease supplies of essential goods like medicines, gas and petroleum to the landlocked country, reeling under acute shortage due to blockade of key trade points.
Low home loan rates by banks could put large players in an advantageous position over smaller non-bank players, believe analysts.
From Covid to climate change, Shankar Acharya's look at some of the trends and events that might shape 2022.
Reliance Industries on Friday reported more than doubling of its March quarter net profit to Rs 13,227 crore as improvement in petrochemical and consumer business countered continued weakness in refining business.
'It is not simply demonetisation or GST, it is this government's failure to manage the financial sector crisis.'
Boeing India president says with the rising prices of aviation fuel, the airlines do not have any option but to increase the fares.
Over 75 per cent of India's daily coal output has been hit as the five-day strike by workers of state-run miners entered the second day on Wednesday, raising fears of disruption in power supplies.
Alliance Air, which is the largest regional airline, is currently operating 77 daily flights compared to 126 last year.
Arvind Panagariya speaks about climate change, globalisation and India's economy.
'BPCL has always been spoken about as a multinational company though it is State-run... this sets our work culture also apart.'
While the UK will possibly go into recession, the bigger fear is copycat referendums from other EU nations.
Over 51% per cent of users feel they will probably continue virtual dating even after they will be able to meet up safely.
There were nearly 4,000 cabin crew with Jet when the airline was grounded; every fifth remains without a job to date. One cabin crew member with 10 years of experience has been forced to take up a teaching job; some have branched out into small businesses. Aviation jobs were scarce even before the Covid-19 pandemic arrived on Indian shores in early 2020. The situation has been exacerbated since.
Nepal's new Prime Minister K P Sharma Oli on Friday said that the blockade of key border points with India is 'more inhuman than a war' as he criticised New Delhi for raking up alleged rights abuse in Nepal at the UNHRC.
Green rating of thermal power plants are way behind the global best.
'In India, there's currently evidence the Centre has not managed a smooth vaccine rollout.' 'It is now falling back on blaming states, which are facing vaccine shortages,' points out Devangshu Datta.
Market leader IndiGo on Friday followed its rivals and raised fares by 25 per cent to offset the impact of rupee fall and spike in international crude prices.
Tech Mahindra was the top laggard in the Sensex pack, cracking over 5 per cent, followed by Infosys, HDFC, IndusInd Bank, Reliance Industries and NTPC. On the other hand, Hero MotoCorp, L&T, Maruti, UltraTech Cement and Sun Pharma led the gainers' chart.
Economic Survey says Indian carriers operate in an exceptionally high-cost environment.
The civil aviation industry, which was hit hard by the global financial meltdown and high fuel cost, saw a strong recovery in 2010 with the domestic passenger traffic rising 19 per cent to 51.53 million, the Economic Survey said on Friday.
While hybrids, CNG and biofuels found favour in 2018 among many carmakers including Maruti Suzuki, Mercedes-Benz, Toyota and Honda, others such as M&M and Tata Motors have shown full faith in electric vehicles.
Jaya Puri Gharti, who served as a cabinet minister during the Maoists' term in government, tells Patrick Ward about the issues facing Nepal and the difficult road to reconciliation.
'It is not about trusting the governor but the ground situation not matching with what he has said,' Jammu and Kashmir People's Movement chief Shah Faesal, who was one of the leaders to meet the governor tells Rediff.com's Prasanna D Zore.
Climate change, air quality, nutrition, even connectivity are joining the political agenda, and it will force a shift in policies.
Five states -- Maharashtra, Haryana, Rajasthan, Punjab and Gujarat -- face a massive power crisis.
Coal India achieved a staggering production of 536.51 million tonnes during the financial year ended March 31, 2016
A government official said out that with hardly any economic activity, an immediate duty hike will not be productive and could be announced once the lockdown eases and demand revives.
The decision was taken after Prime Minister Narendra Modi announced that the lockdown across the country will be extended till May 3 to fight the coronavirus pandemic.
Burns was responding to the opening remarks by Senator John F Kerry, Massachusetts Democrat, who said it was imperative that the United States "...must consider Pakistan's relationship with India, especially when it comes to Kashmir."
