Diesel prices have cumulatively risen by Rs 10.68 a litre in 17 instalments since January 2013 when the United Progressive Alliance government had decided on the monthly hikes.
Link between oil exploration and markets can be used by India to great advantage.
The savings would be better spent and might actually reach the poor, says Rahul Khullar.
West Bengal Chief Minister Mamata Banerjee on Monday slammed Prime Minister Narendra Modi for 'spreading lies and canards' against the Trinamool Congress government, and said voters, this time, would witness 'Didi versus BJP' fight in all 294 constituencies of the poll-bound state.
That "Rollback Budget" ushered in an era of rollback.
'You cannot judge a government within a month. Give us five years' time.' 'At times, strict economic decisions have to be made for the good of the poor in the long run.' Dharmendra Pradhan, one of the Modi government's stars, speaks exclusively to Sheela Bhatt/Rediff.com about why the government is forced to roll out 'bitter medicine.'
'The way opposition parties such as the Nationalist Congress Party, Shiv Sena, the Samajwadi Party, Rashtriya Janata Dal and the Jharkhand Mukti Morch have supported her, if she wins, she will be the biggest opposition face for 2024'
He may not have been declared Bharatiya Janata Party's prime ministerial candidate just yet but Gujarat Chief Minister Narendra Modi on Wednesday seemed to have already donned the mantle when he said the nation would be comparing his speech with that of Prime Minister on Independence Day on Thursday.
Diesel makes up nearly half of fuel demand in Asia's No 3 economy.
In this year's budget, Finance Minister Nirmala Sitharaman hiked tax on petrol and diesel, raised import duty on gold, levied additional surcharge on super rich and brought a tax on high value cash withdrawals as she sought to spur growth with reduction in corporate tax and sops to housing sector, startups and electric vehicles.
'We have the more difficult reforms to do such as the reduction of subsidy, the insurance and pension sector reform, eliminating bureaucratic red tape and implementing Goods and Services Tax'
India must streamline reforms, only then it will see success.
'This may be good news for Rahul Gandhi, for no matter how Modi performs, there will always be some degree of dissatisfaction with his performance among large sections of voters,' says R Jagannathan.
The Nationalist Congress Party on Thursday attributed the drubbing the Congress-led UPA has received in polls mainly to the "communication deficit" on part of outgoing prime minister Manmohan Singh and Congress president Sonia Gandhi and also to issues like hike in prices of fuel and LPG cylinders by the ruling dispensation.
Indian equity markets registered their highest single-day percentage gains since early October.
The broader markets, however, outperformed their larger peers.
The benchmark BSE Sensex ended down 2.23 per cent. The Bank Nifty fell 3.59 per cent.
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
'...because the party is based on the Constitution.'
Oil Minister M Veerappa Moily has suggested pricking the ballooning oil bill with everything from a street theatre campaign encouraging lower fuel use, to shutting fuel stations, to increasing imports from Iran.
There was hope in some quarters that the interim Budget would boost sentiment and lay the groundwork for kick-starting the investment cycle, while staying on a path of fiscal consolidation.
Markets will remain closed on Thursday, 12 November 2015 on account of Diwali Balipratipada.
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