Petrol hike unlikely before budget
Under pressure from the United Progressive Alliance (UPA) constituents to avoid hard measures, the government is not likely to hike prices of petrol and other fuels, at least not until the budget, informed sources said on Sunday.
With 10 states going to polls this year, the government would like to ensure minimum inconvenience to people in the event of a price hike, sources in the petroleum and natural gas ministry said.
At a dinner hosted by Prime Minister Manmohan Singh on Thursday, the Left parties and Congress allies made a case before the prime minister, UPA chairperson Sonia Gandhi and Finance Minister P Chidambaram for a populist budget.
Petroleum Minister Murli Deora has been under pressure to increase oil prices keeping in mind spiralling global prices.
He said in Bangalore recently that the Left parties, which prop up the government, had given their views on the issue. He said the UPA government had not fixed any timeframe for a decision.
Giving details about the fuel price scenario the world over, Deora said that against a demand of 130 million tonnes of crude oil, India imported 102 million tonnes and efforts were on to reduce the amount being spent on the imports.
Deora said the government incurs a loss of Rs 720 billion annually towards subsidy for fuels like LPG and kerosene.
Enter your email to get our daily newsletter in your inbox
- The database uses Aadhaar-based data generated from key farm sector programmes such as PM-KISAN.
- Police data shows that some of the 522 passengers nabbed in last 5 years while carrying live bullets in their bags claimed they had done so unknowingly
- Private firms will likely claim that the law interferes with their constitutional rights to carry on trade freely
- From SC-ST social groups, reservations have expanded to OBCs, economically weaker sections
- The revenue in March may cross the record Rs.1,19,875 crore collected in January by at least Rs.10,000 crore.
- Officials said that an inquiry committee, constituted by the Visitor of Delhi University (DU), the President of India, held its final meeting.
- BJP MLAs supported the bill and called it a gift for women on the occasion of Women’s Day
- The technology requires telecoms companies to scrub messages to verify if the text being sent has been approved and it is only being sent to someone who has consented to receive such a message.
- Throughout the day, women protesters organised marches at the sites while wearing yellow, green scarves
- Responding to HT on Monday, CPWD denied all allegations that the waste from the Central Vista construction site was being dumped on the floodplains.
- Two women officers each have been assigned duties aboard INS Vikramaditya and INS Shakti.
- The fire had broken out at the 13th floor of the Eastern Railway’s office in the evening.
- The apex court framed this as one among the several questions to be decided while considering the constitutional validity of a 2018 Maharashtra law.