PTI | February 4, 2010
The government on Thursday said it may decide before the beginning of the Budget session of parliament on the Kirit Parikh Panel recommendations of freeing the oil prices and increasing the rates of kerosene and cooking fuel.
"By next week, the ministry will be able to offer its comments on the recommendations and it will then go to the Cabinet," Oil Minister Murli Deora told reporters here.
Asked by when the Cabinet is expected to take a decision, he said it will be very soon,"may be before the Budget itself."
A Prime Minister-appointed expert group, headed by economist Kirit Parikh, suggested on Wednesday freeing petrol and diesel prices and suggested raising LPG rates by a steep Rs 100 per cylinder and kerosene by Rs 6 a litre.
Deregulation of auto fuel prices would result in a hike of Rs 4.72 a litre in petrol prices and diesel rates by Rs 2.33 per litre.
Earlier in the day, Deora's deputy Jitin Prasada hinted that the government may not accept the report in totality and would protect the common man's interest.
"The Government will ensure that least burden is passed on to the poor and common man... while also ensuring that the financial health of (PSU fuel retailers) is protected," Minister of State for Petroleum and Natural Gas Jitin Prasada said here.
State-owned Indian Oil, Bharat Petroleum and Hindustan Petroleum currently lose Rs 180 crore per day on selling petrol, diesel, LPG and kerosene below the imported cost. In full-fiscal, they are estimated to lose Rs 46,030 crore.
From Dependence to Self-Reliance: Mapping India’s Rise as a Global Superpower By Bimal Jalan Rupa Publications, 184 pages, Rs 695 Bimal Jalan, a former governor of the Reserve Bank of India (RBI), has been one of our finest commentators on econom
While many countries have been chasing to reach the carbon neutral status, only a few seem to be living up to their pledges as of now. The famous ’Paris Agreement’ of 2015 was glorified and celebrated that finally 196 countries have united with an intent to mitigate and reduce the greenhouse ga
The government this week announced the Tour of Duty or `Agnipath` scheme for the recruitment of soldiers in the armed forces. Under this scheme new soldiers will be recruited only for four years. This radical and far-reaching scheme has attracted mixed reactions from various quarters. While some officials
UPI has become an integral part of our daily lives now. We use it to buy groceries, we use it to send money to friends and family, we use it to purchase tickets, book shows, pay the cab driver, and a whole host of other things due to the ease and availability of such a platform at our fingertips. The best
Scorching Love: Letters from Mohandas Karamchand Gandhi to his son, Devadas By Gopalkrishna Gandhi and Tridip Suhrud Oxford University Press, 528 page, Rs 1495 Gandhi’s era happened to be an era when letter-writing was a primary mode of communica
Crediting the citizens of Mumbai for coming forward to help the police in combating the crisis situation due to Covid-19, Mumbai police commissioner Sanjay Pandey has said that Mumbai Police lost quite a few policemen during the pandemic but cumulative efforts, with citizens working hand in hand with the p