Diesel price rise may be imminent

April 25, 2012
Diesel

New Delhi, April 25: The price of diesel may go up as the government has agreed to make the prices “market determined.”

The announcement came on Tuesday in the Rajya Sabha in the form of a written reply by Minister of State Namo Narain Meena. The minister, however, said the government did not propose to deregulate prices of cooking gas.

“(The) government has, in principle, agreed to make prices of diesel market-determined. There is no proposal at present to fully de-regulate cooking gas prices,” Meena stated, sparking protests from BJP members. The members of the main Opposition party said the move would have a cascading effect on overall prices of commodities since diesel “is the basic transport fuel”. “The government wants to help the oil mafia by taking the in-principle decision on diesel price deregulation,” BJP vice-president Mukhtar Abbas Naqvi said.

Finance Minister Pranab Mukherjee said that thein-principle decision to deregulate diesel prices was taken as early as last June.

Mukherjee, while presenting the 2012-13 budget on March 16, vowed to reduce subsidies to less than 2 per cent in the current financial year (2012-13). High oil prices have swelled India’s subsidy burden to roughly 2.5 per cent of GDP.

While petrol prices have been linked to the market, the government’s control on pricing of diesel, LPG and kerosene has resulted in large public expenditure on subsidies.

The government control of diesel prices has been criticised by many in the past with the Reserve Bank of India (RBI) being the most vociferous. The prices should be decontrolled fully to contain the trade deficit, which was expected to widen to $185 billion during the current fiscal, RBI has said.

A couple of days ago, the government’s chief economic adviser Kaushik Basu suggested partial decontrol of diesel in order to mirror the rise and fall of the global oil prices.

“A phased deregulation of diesel prices is required in order to rein in runaway fiscal deficit, reduce growing under-recoveries of oil marketing companies and save the common man from a rather bigger pressure of inflation, which is only being momentarily suppressed due to the government’s current policies,” Crisil chief economist Deepak Joshi told Deccan Herald.

Tough pill

* Cooking gas exempt from proposal

* Decision to deregulate diesel prices was taken as early as last June, says finance minister

* Government control of diesel prices has been criticised by many in the past with the RBI being the most vociferous

* High oil prices have caused subsidy burden to swell up to 2.5 per cent of GDP

*Diesel basic transport fuel; move will have cascading effect on overall prices of commodities, cries Opposition BJP

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Agencies
April 23,2020

More and more Indians have become better prepared in the last one month, as far as stocking of their ration, medicine or money is concerned, according to the IANS-CVoter COVID-19 Tracker.

With the second leg of the lockdown half way through and Prime Minister Narendra Modi saying it's a long haul, 57.2% respondents said they have less than three weeks of stock while 43.3% said they have a stock that will last beyond that

However, if one breaks into weeks, most respondents said they are prepared for a week's time. 24.5% respondents said they have ration, medicine or money to last a week. This is closely followed by 21.9 % respondents saying they are ready for a month.

Meanwhile, 20.4 % said they are ready for a couple of weeks. There are 15.8 % who said they are ready for more than a month with food, ration and medicine. A tiny 5.6 % said they are ready with three weeks of stock.

However, there is 12.3% who still seem to live on the edge with less than a week's preparation.

But, the biggest takeaway from the IANS-CVoter COVID-19 Tracker is that in the last one month, a massive segment of society realised that the fight is long and the preparation should also be to last that long.

o put things into context, on March 16 when the tracker started, a whopping 77.1% said they have stock to last for less than a week. More than a month later on April 21, that number jumped to just 12.3%, which essentially means, people have become better prepared for a long-hauled lockdown period.

Similarly, on April 21, a sizable 21.9% respondents claimed they are ready with ration and medicine that will last them a month. On March 16, not even one respondent could claim they have a month's stock. In fact till March 22, just ahead of the announcement of the first lockdown, no respondent the IANS-CVoter tracker said that they have a month's preparation.

Similarly, when the tracker started, 9.9% said they simply ‘don't know'. As on April 21, that number is a big zero.

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Agencies
August 2,2020

Ayodhya, Aug 2: With the foundation laying ceremony of the grand Ram temple around the corner, the work at the stone-carving workshop of Ram Janambhoomi in Ayodhya has reached its final stage.

Speaking to news agency, caretaker of Ram temple stone workshop Hanuman Yadav said, "Stonework is ready for the construction work till the first floor of the temple. Cleaning work is almost done but some work is still left which will be done soon after the trust's meeting."

Talking about the characteristics of the sandstone chosen work the construction, he said, "It was chosen for the construction as it can withstand rigours for thousands of years. These designated stones are minutely carved according to the need of the temple."

The stone-carving workshop for the Ram temple construction was established in Ayodhya by the Vishwa Hindu Parishad (VHP) in 1990.

On August 5 when Prime Minister Narendra Modi will visit Ayodhya for rituals that will mark the beginning of Ram temple construction, Hanumangarhi is the first stop he would be visiting.

The construction of Ram temple will begin in Ayodhya after the ceremony to lay the foundation stone in which various dignitaries from the political and religious fields are likely to participate apart from RSS chief Mohan Bhagwat. 

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Agencies
January 24,2020

Indore, Jan 24: Around 80 Muslim leaders of the BJP in Madhya Pradesh on Friday resigned from the primary membership of the party in protest over the Citizenship (Amendment) Act, calling it a "divisive" measure.

One of the leaders, Rajik Qureshi Farshiwala, said around 80 Muslim partymen have resigned from the BJP's primary membership after writing to the newly-appointed national president, J P Nadda, on Thursday.

These leaders, who dubbed the CAA "a divisive provision made on religious grounds", include several office- bearers of the BJP's minority cell, he said.

"It was becoming increasingly difficult for us to participate in our community's events after the CAA came into existence (in December 2019).

"At these events, people used to curse us and ask us how long we plan to keep quiet on a divisive law like the CAA?" he said.

"Persecuted refugees of any community should get Indian citizenship. You cannot decide that a particular person is an intruder or a terrorist merely on the basis of religion," Farshiwala added.

In their letter, the Muslim leaders stated, "Citizens have right to equality under Article 14 of the Indian Constitution. But the BJP-led Central Government is implementing the CAA on religious grounds.

"This is an act of dividing the country and against the basic spirit of the Constitution."

Some of the leaders who have resigned are considered close to BJP general secretary Kailash Vijayvargiya.

When asked about the development, Vijayvargiya on Thursday evening said, "I am not aware of the matter. But we will explain (about the CAA) if a person is being misled."

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