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38 seconds ago
'India has turned carbon subsidy regime into carbon taxation'

New Delhi, Feb 27 (IANS) India has managed to turn a carbon subsidy regime into a carbon taxation one by cutting subsidies and increasing taxes on fossil fuels such as petrol and diesel, the Economic Survey for 2014-15 said Friday. This has significantly increased petrol and diesel prices while serving as a price signal to reduce fuel burnt and hence CO2 emissions, the survey, which was ...

8 hours ago
Former railway ministers unimpressed by Prabhu's budget

New Delhi, Feb 26 (IANS) Suresh Prabhu's maiden railway budget Thursday failed to impress six of his predecessors in the ministry, who called the proposals repetitive, just an idea and even anti-people. Pawan Bansal, Prabhu's immediate predecessor, said the National Democratic Alliance government's railway budget only repeated the proposals put forth in the documents placed in the previo...

10 hours ago
'Brake fail' budget, extra burden on Bengal, says Trinamool

Kolkata, Feb 26 (IANS) West Bengal's ruling Trinamool Congress Thursday threatened to launch a protest movement against the NDA government's second railway budget, calling it a brakefail document and rued that passenger fares were not decreased despite the easing of diesel prices. In a reaction posted on the party's website, the Trinamool also sharply criticised the increase in freight r...

12 hours ago
Railway budget historic for seeking outside financing: Prabhu

New Delhi, Feb 26 (IANS) Describing the railway budget 2015-16 as being a historic step in trying to find resources outside of the budget, Railway Minister Suresh Prabhu Thursday sought to hike goods rates on a host of items to garner additional revenue on this count. We're taking debts, taking it (financing of investment) on our balance sheet, Prabhu told a select group of interlocutor...

1 day ago
Prabhu to present maiden rail budget Thursday

New Delhi, Feb 25 (IANS) Railway Minister Suresh Prabhu is set to present his maiden budget for the department Thursday amid expectations of a clear roadmap to re-energise one of the largest railroad networks in the world that's been floundering in recent decades due to a mix of political populism, lack of vision and funds crunch. The latest railway budget evokes particular interest as i...

1 day ago
Prabhu to present maiden rail budget Thursday

New Delhi, Feb 25 (IANS) Railway Minister Suresh Prabhu is set to present his maiden budget for the department Thursday amid expectations of a clear roadmap to re-energise one of the largest railroad networks in the world that's been floundering in recent decades due to a mix of political populism, lack of vision and funds crunch. The latest railway budget evokes particular interest a...

7 days ago
Minister says no possibility of cut in rail fares

Bareilly, Feb 19 (IANS) Just a week ahead of the rail budget, the government has ruled out the possibility of reducing train fares. Speaking here Wednesday night Minister of State (MoS) for Railways Manoj Sinha ruled out the possibility of reducing the fares, saying they are already low due to government subsidy. It will not be done. Fares are already low and government is givi...

10 days ago
India's wholesale price inflation declines

New Delhi, Feb 16 (IANS) India's wholesale price inflation decelerated by 0.39 percent in January from an increase of 5.11 percent in the corresponding period of last fiscal, with industry pointing to the latest data in calling for a Reserve Bank rate cut. India's wholesale price index (WPI) based inflation had fallen to 0.11 percent in December 2014, government data showed Monday

10 days ago
Sensex closes flat; FMCG stocks rise

Mumbai, Feb 16 (IANS) A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex) ended Monday's trade flat, as investor sentiments were subdued due to weak global and domestic cues. The wider 50-scrip Nifty of the National Stock Exchange (NSE) also closed the day's trade flat. It was up 3.85 points or 0.04 percent at 8,809.35 points. The Sensex of the S&a...

10 days ago
India's wholesale inflation declines

New Delhi, Feb 16 (IANS) India's wholesale price inflation decelerated by 0.39 percent in January from an increase of 5.11 percent in the corresponding period of last fiscal, government data showed Monday. India's wholesale price index (WPI) based inflation had fallen to 0.11 percent in December 2014. The rate of inflation based on WPI was nil (-0.17 percent) for November from a...

10 days ago
India's wholesale inflation declines

New Delhi, Feb 16 (IANS) India's wholesale price inflation decelerated by 0.39 percent in January from an increase of 5.11 percent in the corresponding period of last fiscal, government data showed Monday. India's wholesale price index (WPI) based inflation had fallen to 0.11 percent in December 2014. The rate of inflation based on WPI was nil (-0.17 percent) for November from a...

11 days ago
Petrol, diesel price hiked after crude regains over $10 a barrel

New Delhi, Feb 15 (IANS) As a consequence of recent volatility of international crude oil prices, state-run Indian Oil Corp Sunday hiked rates of transport fuels effective from midnight. Accordingly, the price of petrol will increase by 82 paise per litre, while that of diesel will go up by 61 paise per litre from Monday. There has been a steep increase in international prices of...

15 days ago
India's ambitious off-grid solar targets achievable

Currently, over 300 million Indians are without access to electricity. One of the primary reasons for poor electrification is the limited reach of the power grid. Remote locations and low incomes of the rural population however make grid extension uneconomical. Small-scale systems can be an alternative solution. This is why the government's newly announced 100 GW solar power target under the Jawa...

19 days ago
No proposal to raise rail fares: Minister

Lucknow, Feb 7 (IANS) The government Saturday said there was no proposal to increase fares in the upcoming railway budget. According to Minister of State (MoS) for Railways Manoj Sinha, there was no proposal at present to increase rail fares. There is no proposal as of now to hike rail fares, the minister told reporters on the sidelines of an event to flag-off a new train servic...

23 days ago
Petrol, diesel prices cut

New Delhi, Feb 3 (IANS) With international crude oil prices continuing to rule below $50 per barrel, the three state-run oil marketing companies (OMCs) Tuesday decided to reduce petrol and diesel prices. Taking into account the effect of state levies, the petrol price in Delhi will be cut by Rs.2.42 per litre, while diesel cost will come down by Rs.2.25 per litre from midnight Tuesday.

23 days ago
Petrol, diesel prices cut

New Delhi, Feb 3 (IANS) With international crude oil prices continuing to hover below $50 per barrel, the three state-run oil marketing companies (OMCs) Tuesday decided to reduce petrol and diesel prices. According to Indian Oil Corporation (IOC), the petrol price in Delhi -- after taking into account the state levies -- will be reduced by Rs.2.42 per litre, while diesel cost will come d...

25 days ago
Modi vs Kejriwal vs Sonia on last Sunday before Delhi polls

New Delhi, Feb 1 (IANS) Prime Minister Narendra Modi, Congress chief Sonia Gandhi and AAP leader Arvind Kejriwal Sunday made determined bids to woo the people of Delhi for Feb 7 assembly polls, launching sharp attacks on their rivals while seeking to convey their commitment to politics of development. Raising the pitch on last Sunday before voting, Modi, Kejriwal and Gandhi addressed ral...

25 days ago
Jet fuel prices cut steeply again

New Delhi, Feb 1 (IANS) In a relief to airlines struggling with operational costs, state-run oil marketers Sunday cut prices of aviation turbine fuel (ATF), or jet fuel, by a steep 11.3 percent. The price of ATF in Delhi was cut by Rs.5,909.9 per kilolitre or 11.27 percent to Rs.46,513.02 per kl effective Feb 1, the Indian Oil Corp announced. Jet fuel was last cut Jan 1 by Rs.7,5...

28 days ago
Cut in passenger fares unlikely in rail budget, hints Prabhu

Bengaluru, Jan 29 (IANS) Reduction in passenger fares is unlikely in the ensuing railway budget for 2015-16 despite sharp fall in diesel price, Railway Minister Suresh Prabhu hinted Thursday. We recover only 50 percent of the passenger cost from the fares, in which there is already a huge element of subsidy, benefitting them (passengers), Prabhu told reporters on the margins of a railway...

1 month ago
India's growth potential is above 9 percent: Jaitley

Davos, Jan 22 (IANS) Asserting that India's economic growth will be significantly better next year, Finance Minister Arun Jaitley Thursday said the real economic growth potential of the country was over 9 percent. We have a roadmap to bring down fiscal deficit below three percent in a few years. Elimination of subsidies in India is not desirable. We need to rationalise the subsidies, he ...

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