Petrol price cut: Cabinet minister asks for 'bold step' to check petrol prices

June 3, 2012

vayalar

New Delhi, June 3: Union Minister Vayalar Ravi disapproved of the petrol price hike on Saturday, and suggested a "bold may be taken to reduce the recent increase". The state-run oil companies have announced a reduction of Rs. 2 per litre in petrol prices on Saturday, which became effective from midnight, after increasing the price by Rs.7.50 per litre On May 23.

Minister for Overseas Affairs Mr Ravi, in a letter to Petroleum Minister S Jaipal Reddy, questioned the claims of oil marketing companies that they are incurring huge losses and asked his cabinet colleague to scrutinise the issue in detail. (Read: Vaylar Ravi's letter to Petroleum Minister Jaipal Reddy)

"Apparently, the claim made by oil companies that they are running at a loss seems to be untrue. As a matter of fact, the expenditure of oil companies, including salaries, is among the highest in India and there is a perception that funds are being wasted," Mr Ravi said in the letter.

"In this backdrop, I feel a closer scrutiny is needed before deciding on any further increase in oil prices. Instead, a bold look may be taken at reducing the recent hike," he said.

He is the second Union Minister after Defence Minister A K Antony to have expressed unhappiness at the petrol price increase. Mr Antony had on Wednesday criticised the hike saying it was "not a correct step" and the oil companies should have shown some "propriety" before taking the decision.

Cutting across party lines, leaders have voiced their dissent over the recent petrol price hike. Nationwide protests by Opposition as well as some of the UPA allies, followed by NDA's strike on May 31 clearly put pressure on the government to act.

Even after the announcement, key UPA allies and the Opposition are not happy with the reduction in petrol prices by the state-run oil companies. Dubbing the Rs. two per litre cut in price as 'token', UPA ally Trinamool Congress as well as other opposition parties demanded a 'complete rollback' and said they would not settle for anything less.

Reacting to the state-run oil companies to reduce petrol price, Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee said, "I am not happy at the cut in petrol price by Rs. two per litre. It is not enough. It is still a burden on the common man. There should have been a total rollback of the hike."

Terming the reduction in prices as 'totally inadequate', CPI National Secretary D Raja also demanded the oil companies should go for a 'complete rollback' because they had effected "such an outrageously steep hike when international crude prices were declining".

Maintaining that the government's view that it did not have any role in the price fixation for petrol due to de-regulation was 'ridiculous', Mr Raja said the oil companies have been following the government diktats regularly. "Otherwise, why did they not raise the prices when Parliament was in session," said Mr Raja. He said the decision came two days after nationwide protests by Left and other parties.

CPI(M) Politbureau said the partial rollback was "unacceptable" and Left parties will continue their agitation for reversal of the price increase.

BJP spokesperson Rajiv Pratap Rudy also pressed for a 'total rollback' and wondered whether the hike of Rs. 6 per litre after the partial rollback was 'acceptable' to the UPA allies. "I want to know whether they (UPA allies) are worth this," Mr Rudy said. He said people of the country are not satisfied with the token rollback and will teach the UPA a "lesson in the coming days".

Tamil Nadu Chief Minister Jayalalithaa termed the partial rollback as an "eyewash" and demanded a complete rollback. In a statement, the AIADMK supremo said, "This small reduction will not soothe people's anger. It will continue to be a burden on poor and middle class".

She said the decision by the Congress-led UPA to reduce the hike by Rs. two reminded her of the Tamil proverb, "feeding popcorns to the hungry elephant." Recalling her earlier criticism, Ms Jayalalithaa said petrol prices were hiked, when people were already burdened by the price rise because of the Centre's "wrong economic policies."

Odisha Chief Minister Naveen Patnaik too dismissed the partial rollback as 'meaningless'. Mr Patnaik said, "We demand complete roll-back in the hike effected in the price of petrol by the central government recently."

BJD had observed a state-wide bandh on May 31 seeking complete roll-back of petrol price hike and party workers had hit the streets to press for the demand. Mr Patnaik too had participated in the demonstrations against the petrol price hike terming it as a burden on the common people.

However, leaders in Congress have heaved a sigh of relief after drawing flak from allies as well the Opposition over the steep hike in petrol prices earlier. "We are happy that the price of petrol has been reduced by Rs. 2.02 per litre. It will give relief to the common man. Our party has great concern for Aam Admi," party spokesperson Rashid Alvi said.

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News Network
June 5,2020

New Delhi, Jun 5: On World Environment Day, Prime Minister Narendra Modi on Friday urged citizens to ensure that the flora and fauna thrive and take a pledge to preserve our planet's rich biodiversity.

"On #WorldEnvironmentDay, we reiterate our pledge to preserve our planet's rich biodiversity. Let us collectively do whatever possible to ensure the flora and fauna with whom we share the Earth thrive. May we leave an even better planet for the coming generations," the Prime Minister tweeted.

He also shared a clip from his last 'Mann Ki Baat' programme where he mentioned about conservation of rainwater and protecting the rich diversity of nature.

"On June 5, the entire world will celebrate 'World Environment Day'. The theme for this year's 'World Environment Day' is bio-diversity. This theme is especially pertinent in the current circumstances. During lockdown in the last few weeks the pace of life may have slowed down a bit but it has also given us an opportunity to introspect upon the rich diversity of nature or biodiversity around us," the Prime Minister had said.

"Much of the avian fauna had sort of disappeared due to sound and air pollution, and now after years people can once again listen to their melodic chirping in their homes," he said.

The Prime Minister also said that water conservation, in particular the conservation of rainwater, is essential and exhorted everyone to strive for saving rainwater in the upcoming monsoons.

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News Network
May 18,2020

As many as employees of Zee News have tested positive for the coronavirus, Editor-in-Chief Sudhir Chaudhary said on Monday. Most of them are asymptomatic, he said, tweeting an official statement from Zee News about the situation.

The organisation said that on May 15, one of its employees tested positive for the coronavirus. Following this, the company started testing employees who may have come in contact with the employee. Twenty-seven more were found to be infected.

“Fortunately most of them are asymptomatic and are not complaining of any discomfort,” Zee News said. “We believe this is because of early diagnosis and proactive intervention.”

The news network said all guidelines and protocols have been followed, and its office, newsroom and studios have been sealed for sanitisation. The Zee News team has been shifted to an alternative facility.

“At the moment, Zee Media Corporation has 2,500 employees, by far the largest in the private sector,” the company said. “We are committed to the safety of each one of them.”

Chaudhary also claimed that “those who are infected had the option of sitting at home and sharing memes”. “They came to work because they are committed professionals.”

Following this, some social media users claimed that Zee News employees found infected with Covid-19 were still at work. In response, Chaudhary alleged that a malicious campaign was being conducted to distort his statement. He said no infected employee had come to work, and all the contacts of the employee who tested positive on May 15 had been tested and quarantined.

Over the past two months, journalists from several media organisations have tested positive for the coronavirus. On April 21, 26 employees of a Tamil news channel based in Chennai tested positive for the coronavirus. The previous day, over 50 journalists from Mumbai were found infected, after samples of over 170 journalists were tested.

On May 7, a newspaper journalist died of the coronavirus in Agra. Some states, such as Uttar Pradesh, Karnataka and Delhi, have tested journalists for Covid-19.

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News Network
February 6,2020

Feb 6: India has been ranked 40th out of 53 countries on a global intellectual property index, even as the country has shown improvement in terms of scores when it comes to the protection of IP and copyright issues, a top American industry body said on Wednesday.

India was placed at 36th position among 50 countries in 2019.

India's score, however, increased from 36.04 per cent (16.22 out of 45) in 2019 to 38.46 per cent (19.23 out of 50) in 2020, a 2.42 per cent jump in an absolute score.

However, India's relative score increased by 6.71 per cent, according to the International IP Index released by Global Innovation Policy Center or GIPC of the US Chambers of Commerce.

This year, it finds itself on the 40th place among 53 countries. Two new Index economies (Greece and the Dominican Republic) scored ahead of India. The Philippines, and Ukraine leapfrogged India.

"Since the release of the 2016 National IPR Policy, the government of India has made a focused effort to support investments in innovation and creativity through increasingly robust IP protection and enforcement," the GIPC said.

Since 2016, India has improved the speed of processing for patent and trademark applications, increased awareness of IP rights among Indian innovators and creators, and facilitated the registration and enforcement of those rights, it added.

According to the eighth edition of the annual report, India's score on the Chamber's International IP Index demonstrates the country's growing investment in IP-driven innovation and creativity. The Index specifically highlights a number of reforms over the last year that strengthen India's overall IP ecosystem, it said.

"In 2019, the Delhi High Court used dynamic injunctions to disable access to copyright-infringing content online, resulting in an increase in India's score on two of the copyright-related indicators," it said.

"The use of these injunctions places India alongside global leaders in copyright enforcement, including Singapore and the UK. As a result, India scores ahead of 24 other economies in the copyright indicators," the report said.

The Delhi High Court also issued a series of judgements that provide clarity on existing statutes related to trademark protection online, resulting in a score increase on one of the trademark-related indicators, it added.

The courts issued two precedential rulings that raised the bar for the damages awarded in IP-infringement cases and may provide a deterrent for future infringement. This resulted in an increase in score on one of the trademark-related indicators, it said.

Global Innovation Policy Center or GIPC said India also continues to score well in the Systemic Efficiency indicator, scoring ahead of 28 other economies in these indicators.

"This is a result of a concerted effort by the Indian government to consult with stakeholders during IP policy formation and create greater awareness about the importance of IP protection,” it said adding that India also remains a leader in the use of targeted incentives and IP assets for small and medium-sized enterprises (SMEs).

“To continue this upward trajectory, much work remains to be done to introduce transformative changes to India’s overall IP framework and take serious steps to consistently implement strong IP standards," the report said.

GIPC has identified several challenges for India. Prominent among them being patentability requirements, patent enforcement, compulsory licensing, patent opposition, regulatory data protection, transparency in reporting seizures by customs, and Singapore Treaty of Law of TMs and Patent Law Treaty.

"We are encouraged that Indian policymakers seem to recognize this Index as a valuable resource in their efforts to strengthen the country’s promising innovation ecosystem and enhance its competitiveness in an increasingly knowledge-based global economy,” the report said.

Observing that no other economy stands to gain more from strong Indian IP than India itself, the report said for example, no industry has been hurt more by copyright violations in India than the country’s own Bollywood industry, which loses almost USD3 billion to piracy each year.

"The number one way the Modi administration can demonstrate its commitment to the success of the Atal Innovation Mission, Accelerating Growth for New India’s Innovations, Make in India, Digital India, and Startup India is to strengthen its IP framework in ways that promote the legal and regulatory certainty necessary for greater R&D investment, high-value jobs, and greater innovative and creative outputs,” it said.

"Strong IP standards can further solidify India's position as the world’s fastest-growing economy, bolstering its reputation as a destination for doing business, foreign businesses’ ability to invest and make in India, thereby supporting the growth of India’s own innovative and creative industries," the report said.

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