The floods have also damaged crops in 2 lakh hectares of land.
The floods have affected 31 lakh people across 13 districts and also widely damaged crops in different parts of the state.
IOC and other state-run oil marketing companies such as BPCL and HPCL are suffering revenue losses on sale of fuel as the government has not allowed them to raise prices in line with the increase in international crude oil prices that are racing toward 100 dollar a barrel. India imports nearly three-fourth of its crude oil requirements.
For former President A P J Abdul Kalam, the greatest regret in life was not being able to provide facilities like 24-hour electricity to his parents during their lifetime.
Indian Oil Corporation said it is losing Rs 90-100 crore per day on fuel sales as the government has not allowed the company to raise retail prices in line with international rates.
The government chose moral persuasion to make people give up subsidies, notes Rahul Khullar.
The Oil Ministry has fixed the subsidy payout by upstream firms like Oil and Natural Gas Corporation and Oil India Ltd at Rs 15,546.65 crore (Rs 155.46 billion) for the April-June quarter.
"Petroleum Ministry has moved a Cabinet note for raising fuel prices but a decision will depend on what allies of the ruling alliance say," an official said.
Government will hold consultations with leaders of the left parties, allies of the ruling United Progressive Alliance, on the issue of petroleum product prices even as Petroleum minister Murli Deora disfavoured increasing LPG and kerosene prices.
C Rangarajan, chairman of the economic advisory council to the prime minister, has called for revisiting subsidies, dividend distribution tax and tax exemptions.
Petrol and diesel prices are unlikely to be hiked in the near future, with Finance Minister P Chidambaram agreeing in-principle to share a third of the revenue loss that state-run oil firms incur on sale of fuel
A 20-year-old girl, who was allegedly gang-raped and set afire by a youth and his associates in Desarmau village under Ekdil police station area in Etawah, succumbed to her injuries at a hospital in Saifi.
In a grim reminder that women in Delhi are unsafe, two unidentified men attempted to burn alive a fashion designer outside her residence in a posh south Delhi locality.
'We owe our existence to the men in uniform, and we owe it to them to cleanse the armed forces by driving away every bit of corruption that eats into it,' argues Sudhir Bisht.
Industry think-tank TERI has demanded an end to government dictats on pricing of petroleum products and sought subsidies on domestic cooking gas (LPG) and kerosene to be directly provided to consumers.
The government on Friday ruled out an immediate increase in petrol and diesel prices in line with rise in international oil prices.
With the rupee continuing to remain weak against the US dollar, losses on diesel have climbed to Rs 9.45 per litre, upsetting the government's subsidy maths.
The lamp is expected to hit the markets by 2016.
He poured kerosene on himself and tried to consume the poison but was overpowered by the members of both benches and the bottles were snatched.
A 65-year-old woman, allegedly set ablaze for not voting for a particular candidate in Yeola assembly constituency in Nashik district in October 15 polls, succumbed to her injuries while undergoing treatment at civil hospital in Nashik on Monday.
Two law students attempt self immolation protesting the Supreme Court's order on quotas in private colleges.
Indian Oil Corporation, the country's largest oil firm, on Wednesday said it is losing about Rs 54 crore (Rs 540 million) every day on sale of petroleum products.
A minor Dalit girl was allegedly burnt to death by a youth at Sahalwada village near Hoshangabad after she refused to withdraw a complaint of rape against him, police said on Thursday.
The government on Thursday sanctioned Rs 17,772 crore (Rs 177.72 billion) cash subsidy to fuel retailers like IOC to cover for half of the revenues they lost on selling diesel and cooking fuels below cost in the September quarter.
Increase in first half of FY14 comes despite a fall in average crude prices; weak rupee helps.
A separate relief package for affected farmers would be announced expeditiously.\n
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 crash of the Mi-17 V5 took place at around 6 am when it was on a maintenance mission.
Oil and Natural Gas Corporation will shell out Rs 5,023 crore (Rs 50.23 billion) to subsidise kerosene and LPG in the second quarter of current fiscal.
Petroleum Minister Murli Deora will meet Finance Minister P Chidambaram next week to discuss a package to bail out public sector oil firms that have been suffering huge losses on account of selling fuel on discounted prices.
Petroleum Minister Murli Deora will meet Finance Minister P Chidambaram on Monday to work out a package on pricing of petrol and diesel, besides subsidies on kerosene and cooking gas before the month-end.
Finance Minister P Chidambaram on Monday presented in Parliament the first ever Outcome Budget, which seeks to measure the physical targets achieved on the financial outlays of various ministries.
Spiralling crude oil prices have pushed up the revenue loss of oil firms on sale of petrol, diesel, LPG and kerosene to Rs 91,053 crore.
The Prime Minister Manmohan Singh on Tuesday said the government would adopt a multi-faceted approach on pricing in all forms of energy including auto fuel, LPG, kerosene and electricity aimed at efficient and rational use of energy resources.
The government on Monday decided to hike petrol price by Rs 4 a litre and diesel by Rs 2 per litre
The government is likely to decide this week on a hike of Rs 2 to Rs 3 a litre in the prices of petrol and diesel, but spare kerosene and cooking gas prices from any increase.
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