Plan and Policy

Plan & Policy

Rise in oil prices may add to inflation woes: India Inc

As inflation based on wholesale prices rose to 3.18 per cent in April, India Inc on Monday said the cascading impact of rising crude oil prices would be one of the key worry areas for India's economy going forward.

The wholesale price index (WPI) based inflation stood at 2.47 per cent in Ma­r­ch and 3.85 per cent in April last year.

Petrol, diesel prices hiked after 19-day pre-poll hiatus

After a 19-day pre-Karnataka poll hiatus, petrol price was on Monday hiked by 17 paise a litre and diesel by 21 paise as public sector oil companies began passing on the spike witnessed in international rates to consumers.

Petrol price in Delhi was hiked to Rs 74.80 per litre from Rs 74.63 while diesel rates were increased to Rs 66.14 a litre from Rs 65.93, according to a price notification issued by state-owned oil marketing companies.

With this, diesel prices have touched a record high while petrol is at a 56-month peak.

Fuel demand up 4.4% in April

India’s fuel demand rose 4.4 per cent in April on the back of a surge in auto fuel and cooking gas (LPG) consumption.

Fuel consumption in April totalled 17.67 million tonnes against 16.91 million tonnes in the same month last year, data from the petroleum planning and analysis cell (PPAC) of the oil ministry showed.

Jaitley stable after kidney transplant

New Delhi: Union Finance Minister Arun Jaitley on Monday underwent a successful kidney transplant at the All India Institute of Medical Sciences here and is stable after the over four-hour-long surgery. Jaitley, 65, who has been mostly working from home since early April, was admitted to the hospital on Saturday and taken to the operation theatre at 8 am on Monday. 

Sunanda death: Police charges Tharoor with abetment to suicide

More than four years after Shashi Tharoor’s wife Sunanda Pushkar was found dead in a hotel suite here, the Delhi Police on Monday charged the senior Congress leader with abetting her suicide, claiming there was enough evidence to proceed against him.

Tharoor, 62, dismissed as “preposterous” the nearly 3,000-page charge sheet filed before a city court and asserted he intends to contest it “vigorously” while the Congress stood by the Lok Sabha MP from Thiruvananthapuram and a former international civil servant, alleging it is a “conspiracy” by the Modi government to defame him.

India must grow at 10% for 30 years to meet rising demands: Niti

India needs to grow at 10 per cent annually for the next 3 decades to be able to meet the ever-rising dema­nds of its growing population, Niti Aayog CEO Ami­tabh Kant said on Monday. This order of growth, ho­w­ev­er, will not be achieved if the ‘business-as-usual’ appro­ach to the use of scarce re­sources continues, he said.

Vote buying goes digital, high tech in Karnataka

 “Votes for notes” is nothing new in India. However, politicians and poll campaigners in Karnataka have tried several novel ways – conventional as well modern – to get the cash across to voters in this election.

Inflation rises in April

Reversing the declining trend of three months, retail inflation inched up to 4.58 per cent in April and may prompt the Reserve Bank of India (RBI) to harden stance at the monetary policy review next month.

Sharif says will speak truth after party, Pak PM reject remarks

Pakistan’s ousted prime minister Nawaz Sharif on Monday defended his recent remarks about the 2008 Mumbai terror attack, saying he will speak the truth no matter what the consequences are.

Sharif, for the first time, publicly acknowledged in an interview that militant organisations are active in Pakistan and questioned the policy to allow the “non-state actors to cross the border and kill people in Mumbai”.

Modi govt spent Rs 4,343 crore on publicity

The Narendra Modi government has spent Rs 4,343 crore on publicity since it came to power in May 2014, an agency under the ministry of information and broadcasting has said in reply to an RTI query.

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