Indian Holocaust My Father`s Life and Time - SIX HUNDRED SIXTY SEVEN
Palash Biswas
http://indianholocaustmyfatherslifeandtime.blogspot.com/
http://basantipurtimes.blogspot.com/
The United States is pushing India to provide greater market access, open up multi brand retail sector and step up the pace of economic reforms to realise the full potential of one of the fastest-growing economies in the world.
India, US increased cooperation at multilateral level!In a bid to clean its image, Prime Minister Manmohan Singh, who is planning to restructure the cabinet in the first week of July, is likely to drop textiles minister Dayanidhi Maran as fresh revelations about his alleged role in the 2G scam during his earlier tenure as communications minister.Meanwhile, Abhijit Mukherjee , the son of Congress veteran and union finance minister Pranab Mukhejee, has become the chairman of West Bengal Industrial Development Finance Corporation. Junior Mukherjee gets the Top Job while senior SC, ST, OBC and Muslim leaders have NO ROLE but to control the Mind and heart of the Excluded Communities to Sustain Brahaminical Hegemony!
Meanwhile, Hindutva Forces supporting Free Market Economy and the Zionist Satanic Order of Free Market Ecopolitics have Hijacked the Resistance against Steep Hike in LPG, Diesel and Kerosene Prices while the Ambedkarites as well as Marxists do MISS the Train Once again. They are in NO condition to lead any Mass Movement or Popular Resistance whatsoever!
However, The Bharatiya Janata Party (BJP) and Left parpties on Saturday staged nationwide demonstrations against the hike in the prices of diesel, kerosene and cooking gas, with leaders demanding a rollback.Token Protest only which is destined to subsidise!
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All state governments are being asked to reduce their taxes according to their financial capacity, Congress general secretary Janardan Dwivedi said.
Under attack from the Left and the right over fuel price hike, Congress today asked party-ruled states to reduce taxes on petroleum products to give a reprieve to the common man.
Hailing the decision of the Centre to reduce custom and excise duty on the petroleum products as a "step for giving relief" to common man, party general secretary Janardan Dwivedi appealed to states to announce similar measures to give a reprieve to people.
"The Centre has tried to give relief by reducing the custom duty. Likewise all state governments can reduce their taxes according to their financial capacity. As far as Congress-ruled states are concerned, we are asking them to do it as far as possible," Mr. Dwivedi told reporters.
Senior party leaders, speaking on the condition of anonymity, said that some announcements in this regard are likely tonight by Congress-ruled states.
Talking to reporters at the AICC, Mr. Dwivedi, at the same time justified the government's decision to hike fuel prices citing compulsions and dismissed BJP's criticism on the issue, reminding that prices of oil were increased many times during the NDA rule.
He also cited examples of other countries in the region where the prices of diesel, LPG and kerosene are much higher than in India.
"There are times when you are compelled to take hard decisions. There is no doubt that when the prices of diesel go up, everybody feels the pinch. But if you see all the facts you will realize that there was no other option," Mr. Dwivedi told reporters here.
Flaying the UPA government for "smothering" common people with repeated hikes in the prices of petroleum products, CPI(M) in Kerala today said lives of Indians should not be turned into something to "play with" for the profit of oil companies.
Issuing a statement in Thiruvananthapuram, CPI(M) state secretariat said the present hike in the prices of diesel, LPG and kerosene came close on the heels of last month's petrol price hike by Rs5.
The hike in kerosene and diesel would largely affect the common people. Diesel price hike would badly hit a consumer state like Kerala with goods traffic becoming costlier.
Since the Centre lifted the control on petroleum prices heeding to the will of oil company managements in June last year, petrol prices had gone up by Rs17. The companies were exploiting the people using the licence given to them to increase prices at will, the statement said.
It had now become clear that the government was waiting for the elections to five state assemblies to be over to announce steep hike, the statement alleged.
Meanwhile, workers of the CPI(M) youth wing DYFI and pro-CPI AIYF took out protest marches in Thiruvananthapuram today against the diesel price hike.
"It would be good to reinvigorate the reforms process for India's continued growth prospects," a senior US official said ahead of what is billed as their "highest level' economic engagement here next week with Finance Minister Pranab Mukherjee and US Treasury Secretary Timothy Geithner leading the two sides.
"Greater market access and retail multi-branding, those are all areas which matter," Treasury Under Secretary Lael Brainard told select Indian media ahead of next week's meeting of the US-India Economic and Financial Partnership.
"There are a host of benefits for opening up the retail sector," ranging from more variety to cheaper cost to faster delivery of food products, she said suggesting that US companies had pioneered a lot of innovations and would like to participate.
Listing insurance and equity caps as some of the other areas US would like India to open up, Brainard said: "Some of these barriers are seen to less attract foreign investment overall coming into India than some of the other dynamic Asian economies without the benefits of greater quality or greater provision of services."
Asked about Indian corporate concerns on issues like new visa restrictions and tantalisation of social security benefits, she said India was the biggest beneficiary of H1B visas for professionals and that "Indian access has not changed in any way" with the new restrictions.
"On equalisation of social security, it's not clear how far India will want to participate as our systems are so very different," Brainard said. "Nevertheless, in principle US is ready to engage in discussions to figure out ways" to meet Indian concerns.
Despite one of the steepest hike in fuel prices , state-run oil firms will still end the fiscal will a whooping Rs 121,700 crore revenue loss on selling diesel, domestic LPG and kerosene at government rates.
"After taking into account the increase in diesel, domestic LPG and kerosene price as well as cut in customs and excise duty, the three oil marketing companies will see their under-recoveries (revenue loss) come down from Rs 171,140 crore to Rs 121,704 crore for the fiscal," said an official of Indian Oil Corp (IOC), the nation's largest oil firm.
An Empowered Group of Ministers had yesterday approved a Rs 3 per litre hike in diesel price, which after including local sales tax translated into a Rs 3.37 per litre increase in retail price at Delhi. This steepest raise in diesel rates ever, more than the Rs 3 per litre hike effect in June 2008.
A Rs 50 per cylinder hike in domestic LPG rates equals the increase in the then NDA government led by Atal Bihari Vajpayee had effect in March 2000.
The Rs 2 per litre increase in kerosene rate is the second hike in the price of cooking fuel used by poor in a decade. Last June, kerosene rates were raised by Rs 3 a litre.
IOC Chairman R S Butola said despite the Rs 3 per litre increase coupled with cut in customs or import duty from 7.5 per cent to 2.5 per cent and reduction in excise duty from Rs 4.60 per litre to Rs 2 a litre, diesel is still being sold at a loss of Rs 6.90 per litre.
Similarly, kerosene is being sold at Rs 25.37 per litre loss and domestic LPG at a loss of Rs 331.13 per 14.2-kg cylinder.
The junior Mukherjee replaced state finance secretary CM Bachhawat as the head of the corporation, which is a special purpose vehicle floated in 1997 for providing funding support to state's insfrastructure projects. The Mamata Banerjee government has issued the appointment letter on Friday evening.
Insiders in WBIDFC welcomed the move to bringing in someone like Abhijit, who had 26 years of experience in bluechip PSUs like BHEL and SAIL. "The state-run corporation needs to be run professionally and his corporate experience will help," a senior WBIDFC official said.
Abhijit Mukherjee, who joined politics just recently, has become an MLA from Nalhati of Birbhum district with Congress ticket. The choice of Nalhati assembly constituency to fight his first general election seems to be obvious since it is close to the family's ancestral home in Miriti village near Kirnahar in Birbhum.
After he won the election, many thought he would get a ministerial berth in the new government in West Bengal. But apparently, the state Pradesh Congress committee did not recommend his name to the party highcommand Sonia Gandhi.
Mukherjee has a degree in mechanical engineering from Jadavpur University. Prior to joining politics, he was general manager in SAIL and was in charge of corporate social responsibility.
India and the US have increased their cooperation and coordination at multilateral level, including G-20 , a top Obama administration official has said.
"The United States is looking for deep sustained engagement with India, commensurate with its role and US role in the world stage and the values that the two countries share," Lael Brainard, US Under Secretary of Treasury for International Affairs , told a group of Indian reporters.
"So we really are stepping up in our engagement in both bilaterally and multilaterally. The United States and India have increasingly been working together at various international platforms including G-20," she said during her interaction with Indian journalists ahead of the next week's second India-US Economic and Financial Partnership meeting.
"In G20 - India has been chairing the Framework Working Group- goals there were very well aligned and they are active member in the Finance Stability Board . So we are engaging more multilaterally as well," she said.
Brainard asserted the US supports India in having a greater role in the international financial institutions such as the World Bank and the International Monetary Fund .
The quota reforms and the capital replenishment that the two nations negotiated at the IMF and the World Bank, respectively, give India a much greater voice in at these institutions, the official said.
"We were supportive of those reforms. I worked closely together to create that greater voice for emerging markets and India benefited from that as it should given its growth and its role in the world economy."
"So we consult with them very closely on the goals that we are pursuing in the G20," Brainard said, adding, India and the US have been relatively aligned - both the nations are large market-based economies, democratic with rich tradition of entrepreneurship, competition and innovation.
"India like the US has the exchange rate that are relatively flexible and an economy that is powered by the domestic demand. These are all attributes that often give us common interest.
"When we talk about how do attain adjustment in the global economy how do we insure that growth is strong as well as balance we have common interest," she added.
Disregarding the resignation demands, Maran attended the cabinet meeting on Thursday. He has been denying the allegations as baseless and served notice on media organisations which published the initial stories.
"The Congress will not drag the issue as it happened with A Raja. The moment the probe agency or the court raises a small finger against Maran, the party will signal him to quit," the Congress leader said.
Sources say that the DMK leadership has asked Maran to "stay on" and attend the cabinet meetings and official functions.
According to them, the party fears that it will be pushed to the corner if Maran resigns in a hurry.
Already, two of its influential leaders - former communications minister A Raja and Rajya Sabha MP and party supremo M Karunanidhi's daughter Kanimozhi - are in Tihar Jail in connection with the 2G spectrum scam. Maran was communications minister from 2004 to 2007 in the UPA I government before Raja.
As Maran tries to put up a defence and Congress tries to avoid any comment, opposition parties - DMK's arch rival AIADMK, the Bharatiya Janata Party and the Left parties - have been raising the decibel for his resignation.
Maran has to battle his case on several fronts - the Central Bureau of Investigation (CBI), which has begun preliminary probe into his alleged role in the 2G spectrum scam, the Supreme Court where the civil society groups have filed petitions, media revelations and the opposition onslaught.
The main allegation, initially revealed by Tehelka magazine and followed up in several other reports, is that Maran forced C Sivasankaran, owner of Aircel, to sell the telecom company to Maran's Malaysia-based friend T Ananda Krishnan in 2006.
The reports allege that Maran deliberately delayed issuing spectrum licenses to Aircel's sister concern, Dishnet Wireless, when it was owned by Sivasankaran. He issued the licenses soon after it changed hands to Ananda Krishnan who owns Maxis.
Within four months of the spectrum allocation, Astro - a sister company of Maxis - got cabinet nod to buy Rs 675 crore equity in Sun Direct DTH, a company owned by Maran's brother Kalanidhi Maran and family, the reports have pointed out.
On June 6, Sivasankaran in his statement to the CBI reiterated the charge that he was forced to sell the company. Maran denied the allegation saying Sivasankaran was keen on selling the company.
The CBI is likely to complete the initial probe in the allegations against Maran in two to three weeks and file a report, sources said. If it finds substance in the allegations, Maran is likely to be questioned. This can lead to a new cases against him.
Maran has been on the backfoot after fresh media reports surfaced regarding his involvement. Though he filed defamation cases against Tehelka and the New Indian Express for the initial reports, he has not initiated any action against several Delhi-based newspapers and TV channels which have carried details of the scam, sources said.
On the political front, the chorus for his resignation is gaining momentum. "Maran should resign at the earliest. Otherwise, he will be forced to go the Raja way," BJP spokesperson Nirmala Sitharaman said.
Communist Party of India (CPI) leader D Raja said that the "complicity of Maran in a bigger scam than of A Raja is unfolding day by day." He should quit, he demanded.
The opposition parties will demand Maran's resignation in the coming monsoon session, if he does not resign by then, Janata Dal-United general secretary Javed Raza said.
Trouble is brewing for Maran on another front: the joint parliamentary committee (JPC) on 2G spectrum will be summoning him soon.
"We are calling all former telecommunication ministers, that includes Maran," JPC chief PC Chacko said.
As the clouds gather against Maran, the Congress is cautiously watching the scenario. So far, the party had left it to the besieged DMK minister to defend himself.
Slamming the government for the fuel price hike, the Left parties demanded its immediate rollback and asked their units to organise protest actions all over the country.Attacking the government for "striking another blow" to the 'aam admi', they said the hikes come at a time "when the people are suffering from all round price rise and the inflation rate has crossed nine per cent".
Asking all their units to immediately conduct hartals, demonstrations and other protest actions, the CPI(M), CPI, RSP and Forward Bloc said it was "another cruel blow" to the common people as the increase in diesel price would raise the transportation cost and affect farmers, while those in kerosene and LPG cylinders would burden the poor.
In a joint statement, the parties said the withdrawal of five percentage points in customs duty on crude oil, imposed last year, "shows how such taxes are levied by the Centre to raise revenue and this is the main cause for the high prices of petroleum products".
"Yet, the government refuses to restructure the taxes on petroleum products and give up the ad valorem tax", the four Left parties said, demanding that the hike be withdrawn immediately.
The statement was signed by CPI(M) General Secretary Prakash Karat, CPI's A B Bardhan, RSP's T J Chandrachoodan and Forward Bloc's Debabrata Biswas.
Earlier, CPI National Secretary D Raja accused the government of kneeling down before market forces and corporate houses, and demanded immediate roll back of prices.
Observing that the move came immediately after the assembly polls, he said, "There is no transparency in the oil sector. No one knows what the spot price of crude is, the cost of refining it and the real component of taxes."
Accusing the government of allowing corporate houses to plunder indigenous resources like natural gas, he said this has been recently exposed by the Kaveri—Godavari basin gas scandal.
"The Supreme Court has said that natural gases are national assets. How does the government give this national asset on a platter to corporate houses?"
CPI(M) leader Sitaram Yechury termed the hikes "completely unacceptable" and said "Government had committed to zero duty on petroleum products when it deregulated their prices. It has not stuck to its promise. Instead, it is imposing a burden on the people."
Punjab Deputy Chief Minister and SAD President Sukhbir Singh Badal said the UPA government "deliberately hastened the oil price hike as it feared that crashing crude prices every day would leave no justification for diesel, kerosene and LPG price hike."
He said the price hike would have direct bearing on farmers besides having a cascading effect on inflation.
INLD's secretary general Ajay Singh Chautala criticised the move saying, "The step has once again exposed the anti—people face of the Congress. The hike would further increase inflation and common-man would be directly affected."
Terming the price hike as an act of 'economic terrorism', the BJP unit in Jalandhar accused the Union government of trying to benefit oil marketing companies at the cost of the common man.
In Jammu, Shiv Sena activists holding gas—cylinders, kerosene stoves and earthen stoves staged a demonstration against the hike. Over 200 Sena activists led by J—K Shiv Sena unit president Ashok Gupta also raised anti-UPA slogans.
"The price rise in the past has already hit the financial backbone of the common man," Gupta said, adding the government should roll back the price.
In Kerala, Left parties and BJP staged demonstrations to protest against the hike while private bus operators threatened to organise a one-day strike on June 29.
Workers of CPI(M)'s youth wing DYFI blocked a passenger train at Kannur as part of their state-wide protest against the hike. BJP workers took out marches in the state capital and other centres condemning the price increase.
Criticising the move, JDS chief H.D. Deve Gowda alleged the Centre's action in reducing excise and customs duty was done to benefit oil companies.
"When prices of petroleum products remained stable at $ 90 per barrel in International market in the last four or five months, where is the need for going in for price hike?," the former Prime Minister asked.
"Instead of listening to the complaints of the common man, the government is showing a no-mercy attitude by raising the prices of essential commodities," said the BJP's VK Malhotra, leader of opposition in the Delhi state assembly.
"The hike in prices of fuel and cooking gas is unjustified," he added.
Shouting slogans against the government and asking the people to join in, the party organised the protest at Jantar Mantar at 11am.
"We demand an immediate rollback of this hike," Malhotra said.
Raising anti-Centre slogans, workers of CPM 's youth wing DYFI blocked a passenger train at Kannur as part of their state-wide protest against the fuel price hike .
In Kerala, private bus operators co-ordination committee announced that all the services would be suspended on June 29 demanding an immediate fare hike in view of the diesel price increase.
Petroleum minister S Jaipal Reddy on Friday announced that the price of diesel will be increased by Rs 3 per litre, kerosene by Rs 2 per litre and domestic liquid petroelum gas (LPG) by Rs 50 per cylinder, excluding state levies such as VAT.
The hike came a day after the government announced that food inflation had soared to nearly a 10-week high of 9.13 percent for the week ended June 11.
People voiced their woes after the hike, finding it an additional burden on the house budgets.
"The government says the petroleum companies are incurring a loss, so a hike. What about the loss that we as tax payers are suffering. We can't cut down on our basic needs now," said a miffed Sumati Dewan, housewife in east Delhi's Laxmi Nagar.
Before the hike, oil marketing companies suffered losses of Rs 13.72 per litre of diesel, Rs 26.16 per litre of kerosene and Rs 381.14 per LPG cylinder.
On a daily basis, Indian Oil, Hindustan Petroleum and Bharat Petroleum together incur a total loss of Rs 456 crore on the sale of the three petro-products.
Protests erupt over price hike
SPECIAL CORRESPONDENTSHARE · PRINT · T+
Reeling under the impact of high prices of essentials, the hike in the prices of cooking gas, kerosene and diesel has come as a huge blow to the common man. These activists of the Janata Dal (United) are giving vent to their anger during a protest in Patna on Saturday. Photo: Ranjeet Kumar
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Left parties slam government for fuel price hikeFuel price hike will add to hardship: JayalalithaaPolitical parties demand rollback of fuel price hikeCentre insensitive to suffering of common man: SushmaRosaiah, Chandrababu slam Centre for fuel price hikeReduce tax on petroleum products: Cong. to party-ruled StatesDiesel price up by Rs. 3, LPG to cost Rs. 50 moreTOPICS
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Opposition parties: roll back hike in prices of diesel, kerosene and cooking gas
Opposition parties on Saturday protested the hike in prices of diesel, kerosene and cooking gas. Demanding its withdrawal, the parties charged the Congress-led UPA government with rendering a blow to the common man in whose name it came to power.
Street protests erupted in various parts of the country and supporters of the Bharatiya Janata Party and other parties raised slogans demanding a roll-back of prices. Demonstrations were held in, among other places, Orissa, Lucknow, Noida, Jammu and Srinagar.
Lashing out at the decision, BJP said the measure reflected the insensitivity of the government to the plight of the people and said it would push the rate of inflation into double digit.
Party spokesman Shahnawaz Husain said the statements by Union Ministers justifying the rise in prices showed that the government was more concerned with the health of oil companies than the people who were already groaning under the impact of high prices of essential commodities.
The BJP, he said, was seeking to wake up the government and caution it not to joke with the people. On her part, Leader of the Opposition in the Lok Sabha Sushma Swaraj said this was the 10th hike in the prices of petroleum products since the UPA government came to power. "The victims are housewives, farmers and the poorest of the poor."
Condemning the decision, the Left parties demanded that the hike be withdrawn and asked all their units to immediately conduct hartals, demonstrations and other protest actions.
In a joint statement, general secretaries Prakash Karat (Communist Party of India-Marxist), A.B. Bardhan (Communist Party of India), T.J. Chandrachoodan (Revolutionary Socialist Party) and Debabrata Biswas (All-India Forward Bloc) said the UPA government struck another cruel blow to the people by increasing the prices of diesel, kerosene and cooking gas at a time when the people were suffering from all-round price rise and the inflation rate had crossed 9 per cent.
The diesel price increase will push up transportation costs and affect farmers as well. The increase in the price of kerosene by Rs. 2 per litre will be an added burden to the poor. The Rs. 50 increase for a gas cylinder will also burden the common people.
"The withdrawal of 5 percentage points in customs duty on crude oil, which was imposed last year, shows how such taxes are levied by the Centre to raise revenue and this is the main cause for the high prices of petroleum products. Yet, the government refuses to restructure the taxes on petroleum products and give up the ad valorem tax,'' the statement said.
http://www.thehindu.com/news/national/article2134356.eceBe part of India's growth story, US business urged
WASHINGTON: A US India trade group has called on American policymakers to strengthen trade relations with India or face the risk of being left behind in sharing the fruits of India's growth story.
"India's growth story is compelling nations around the world to seek stronger commercial ties with India by negotiating their own trade and investment agreements," said Harold "Terry" McGraw III, who chairs the the US-India Business Council (USIBC), Thursday.
"The United States and American companies are at risk of being left behind and extending a period of low, slow economic growth if we do not do more to foster trade and investment between the US and India," said McGraw, Chairman, President and CEO of The McGraw-Hill Companies.
"The priority is to deliver on a US-India Bilateral Investment Treaty (BIT) that incentivises greater two-way foreign direct investment. USIBC calls upon both governments to re-energize BIT discussions, by re-engaging in technical discussions, as soon as possible," said USIBC president Ron Somers at a conclave of US and Indian business leaders.
Urging a serious evaluation of a more specialised bilateral a economic arrangement with India, USIBC announced it will take the lead to develop a working group with Indian counterparts to study the elements needed for making it successful.
The group will look into details about market access in goods, the free flow of services, regulatory coherence, high technology trade, intellectual property rights, procurement, and greater movement of professional workers.
McGraw called on business and government leaders in both countries to find ways to work together to build on that momentum and create new economic growth that will lead to more jobs.
Sushma slams government on fuel price hike
Accusing the government of being insensitive to the sufferings of the common man, Bharatiya Janata Party (BJP) leader Sushma Swaraj Saturday slammed it for hiking the prices of diesel, kerosene and LPG.
"This is the 10th hike in the prices of petroleum products. Congress government came to power on the slogan 'Congress ka haath aam adami ke saath', but this is what the common man has got," said the leader of opposition in the Lok Sabha.
"The government is totally insensitive to the sufferings of the common man. The victims are housewives, farmers and poorest of the poor," she added.
The BJP staged its protest at Jantar Mantar against the government's hike on fuel prices .
The government Friday hiked the price of diesel by Rs.3 per litre, kerosene by Rs.2 a litre, and LPG by Rs.50 per cylinder.
Bengal slashes cess on cooking gas
The West Bengal government Saturday reduced cooking gas prices by Rs.16 per cylinder to partially offset the hike of Rs.50 announced by the central government.
Announcing the cut, Chief minister Mamata Banerjee said: "But for the increase in price, we would have got additional cess of Rs.16 per cylinder."
"Keeping in mind the interests of the people, the state government has decided not to take the cess of Rs. 16. This will help the people to manage their budget to some extent," she added.
The reduction in cess would be effective from Saturday and cause the state exchequer a loss of Rs.75 crore.
The chief minister said she took the decision after discussions with Finance Minister Amit Mitra , who was present when Banerjee announced her decision to the media at the state secretariat.
Banerjee said her government had a moral responsibility to the people and regretted that the erstwhile Left Front regime had not paid any heed to the opposition's request time and again to cut cess on fuel prices.
"The hike of Rs.50 now comes down to Rs.34," added Banerjee.
She also said her party does not support in any way the price hike. "We are totally against it. We do not support the price hike."
She also said that the price reduction will be notified Monday but it will become effective from Saturday.
The central government hiked the prices of diesel, kerosene and cooking gas respectively by Rs.3 per litre, Rs.2 per litre and Rs.50 per cylinder with effect from Friday midnight.
Farmers across India react strongly to fuel price hike
Reacting strongly to the hike in the prices of diesel , kerosene and LPG, farmers across the country have contended it would have adverse affects on the agriculture sector and even prompt them to end their occupation.
Petroleum Minister S Jaipal Reddy announced of a hike in the price of LPG (liquefied petroleum gas) cylinders by 50 rupees on Friday.
Apart from the price of LPG, the federal government's Empowered Group of Ministers (EGOM) also raised the price of diesel by three rupees and kerosene oil by two rupees per litre.
Farmers in Rohtak region of Haryana said the government is bothered about the losses incurred by the oil companies and ignorant about the farmers' expenses and income.
"Oil companies say they are facing losses, but the farmers are facing more losses than these firms. Without the fuel we are unable to do our work and we get it only once a month. Water from the tube well is not sufficient because the price of fuel has increased so much that the farmers are not able to irrigate their fields with water from the tube well. If we have to store water for once, we need at least 20 litre of diesel" said Rajendra, a farmer from Rohtak.
"Where and how can we manage such needs? It would be better that the farmers' occupation comes to an end. And, if such price hike keeps taking place, then who would do farming? We will have to leave these machinery and get back to manual work elsewhere," he added.
In Kanpur district of the Uttar Pradesh, farmers lamented that the price hike has increased their woes.
"The price hike would have a very bad impact on farmers because diesel has become expensive, the soil is expensive and water problem is increasing day by day. Whatever we produce and the money that we would earn is spent on diesel," a farmer of Uttar Pradesh, Alok said.
Fuel price hike will have inflationary pressure: Industrialists
KOLKATA: While conceding that the fuel price hike was inevitable, industrialists here Saturday said the increase in the rates of diesel, kerosene and cooking gas will have inflationary pressure in the economy.
The central government hiked the prices of diesel, kerosene and cooking gas respectively by Rs.3 per litre, Rs.2 per litre and Rs.50 per cylinder with effect from Friday midnight.
"It was inevitable...prices had to be increased. It is not surprising. We all know that the costs of diesel, kerosene and cooking gas are much higher. How long can the government provide subsidy?" Emami Limited director Manish Goenka told IANS.
"For a common person, I understand the problem," he added.
Shyam Steel director Lalit Beriwala said there will be inflationary pressure in the economy due to the price hike of diesel.
"Diesel price hike will have an impact on the industry. There will be more inflationary pressure. Logistic and transport costs will be increased because of the price hike," he said.
Stating that the steel industry was passing through a bad time, Beriwala said the increase in logistic and transport costs will put steel makers in a more disadvantageous position.
India expects partners to fulfil nuclear commitments
SIDDHARTH VARADARAJANSHARE · COMMENT · PRINT · T+
Notwithstanding new NSG rules, 'clean' exemption of 2008 must prevail
The Nuclear Suppliers Group may have decided to ban enrichment and reprocessing technology and equipment (ENR) sales to countries outside the Nuclear Non-Proliferation Treaty (NPT), but the Indian government will continue to insist that its partners fully implement the 2008 "clean" NSG waiver for India and all bilateral agreements, official sources told The Hindu on Saturday.
Under the terms of the 2008 waiver, NSG members are allowed to make ENR transfers to India.
Speaking on background because the text of the 46-nation supplier group's latest decision is yet to be received and properly studied, the sources sought to underline the fact that the India-U.S. nuclear agreement, the 2008 "clean" exemption by the NSG and India's agreements with other countries such as France and Russia all rested on the foundation of "mutual commitments."
If India's partners committed themselves to providing full civil nuclear cooperation, India had promised to implement a number of non-proliferation conditions, change its liability law and place commercial orders for reactors worth billions of dollars.
The sources said all mutual commitments, whether in the NSG decision of 2008 on India or in those contained in bilateral nuclear cooperation agreements, should be respected and fully implemented. "India will do so," they stressed, "and we expect the same from others as well."
Though the Obama administration's statement that the ENR restrictions would not "detract" from the 2008 NSG exception may be hard to square with reality, Indian officials say it is "reassuring" that the State Department has reiterated the U.S. "commitment to full civil nuclear cooperation" and its support for the "clean" NSG waiver. India takes these assurances very seriously and will insist on their fulfilment.
Indeed, India now expects other key suppliers such as France and Russia to be even more forthcoming in the reiteration of their commitment to implement the NSG waiver. This is all the more so, given the personal pledge President Nicolas Sarkozy made to Prime Minister Manmohan Singh in 2009 that France would not be bound by any G8 or NSG ban on the sale of ENR to India. As for Russia, the March 2010 bilateral agreement itself says the two countries "shall conclude a separate agreement for [ENR transfers]," and one round of negotiations have already been held. Therefore, the Russians too have an obligation to clarify their national position in the wake of the NSG's latest decision.
Keywords: NSG waiver, ENR transfer ban
http://www.thehindu.com/news/national/article2134960.ece?homepage=true
NSG ends India's 'clean' waiver
SIDDHARTH VARADARAJANSHARE · PRINT · T+
New guidelines bar 'sensitive' nuclear exports to countries outside NPT
The Nuclear Suppliers Group (NSG) on Friday adopted new guidelines on the transfer of sensitive nuclear technology that will effectively nullify the "clean" waiver India received from the cartel in 2008 as far as the import of enrichment and reprocessing equipment and technology (ENR) is concerned.
The decision was announced from Noordwijk, the Netherlands, where the 46-nation grouping held its 2011 plenary meeting. The NSG "agreed to strengthen its guidelines on the transfer of sensitive enrichment and reprocessing technologies," a formal statement blandly noted.
Though the guidelines have not been made public yet, the draft text makes it clear that the group will exclude countries which are not signatories to the Nuclear Non-proliferation Treaty and which do not have a full-scope safeguards agreement allowing international inspections of all their nuclear facilities.
Prior to this, the NSG had a catch-all requirement of full-scope safeguards — in paragraph 4 of its guidelines — for the supply of any nuclear equipment or material.
The only additional requirement for ENR exports — as contained in paragraphs 6 and 7 of the guidelines — was that the suppliers were asked to "exercise restraint" and to ensure that any supplied equipment or technology not be used to enrich uranium beyond 20 per cent.
The NSG's September 6, 2008 'Statement on Civil Nuclear Cooperation with India' waived the full-scope safeguards requirement of paragraph 4 and expressly allowed ENR exports, subject to paragraphs 6 and 7. In adopting its waiver, the NSG said it was acting "based on the commitments and actions" on non-proliferation undertaken by India.
But on Friday, the cartel tore up that bargain, adopting a new paragraph 6 specifying objective and subjective criteria a recipient country must meet before an NSG member can sell ENR to it. The very first of these is NPT membership.
Since all nuclear exports to the only other countries outside the NPT – Israel, Pakistan and North Korea – are already prohibited by paragraph 4, this provision in the guidelines was expressly designed to target India, to which the restrictions of that paragraph no longer apply.
When the U.S. first floated the guidelines in November 2008, Indian officials privately complained that the NPT provision would amount to a "rollback" of both the NSG waiver and the fundamental American commitment to ensure "full civil nuclear cooperation" with India.
Confidential U.S. embassy cables published by The Hindu last week quoted Shivshankar Menon, now National Security Adviser, and Foreign Secretary Nirupama Rao protesting the draft ENR rules.
Last week, a senior Indian official told journalists that the government "has deep reservations about any move by the NSG that prevents the transfer of these technologies ... that will dilute the ... exemption that was given in 2008."
Ironically, the U.S. insists that its support for the ban on ENR sales to India "in no way detract(s) from the exception granted to India by NSG members in 2008." The reality is that an entire category of nuclear items which NSG members were allowed to sell to India as a result of the 2008 exception can no longer be supplied.
"Before voluntarily placing our civilian facilities under IAEA safeguards," Prime Minister Manmohan Singh assured Parliament on August 17, 2006, "we will ensure that all restrictions on India have been lifted." What he didn't bargain for was that some restrictions, once lifted, might be imposed again.
Keywords: NSG guidelines, Nuclear Non-proliferation Treaty, IAEA safeguards, Manmohan Singh government, India-U.S civil nuclear cooperation
http://www.thehindu.com/news/national/article2132457.ece
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US ready to address Indian concerns over visa fee hike
WASHINGTON: The US is ready to address Indian government's concerns on a host of trade and business issues, including the H1B visa fee hike and social security equalisation, a top official here has said, ahead of the bilateral economic dialogue next week.
"Purpose of this (India-US economic) dialogue and discussion would be to make sure that we know the full set of concerns and if there are measures that we need to take on that side, we would work on them as well," Under Secretary of Treasury for International Affairs Lael Brainard said.
In her interaction with a group of Indian reporters ahead of next week's India-US Economic Dialogue, Brainard said her understanding is that in the area of H-1B visas, the country is the biggest -- 50 per cent more than any other nation - beneficiary of this.
The concern of India with regard to the visa fee, she argued, has not altered this figure in any way.
"But this is an area, where we would continue to look at because this is important to you," she said when asked about India's concerns in this regard.
"On social security equalisation, at the moment it is not clear how far we are going to proceed because the systems of the two countries are very different. But we certainly in principle are going to engage in discussions and would continue to do so to see whether there is more potential there," she said.
"I think, in general to the extent to the areas where there are two-way reforms that can be made we are obviously going to be very interested in hearing about them and figure out ways to proceed.
For instance, it could be quite beneficial to reinvigorate conversations, starting at a technical level, looking at the potential to concluding a bilateral investment treaty which has two-way obligations, Brainard said.
20 killed in suicide bombing in east Afghanistan
PULE ALAM, AFGHANISTAN: A suicide car bomber killed at least 20 people, and possibly as many as 35, in an attack at a hospital in a remote district of eastern Afghanistan on Saturday that damaged its maternity ward, officials said.
Estimates of the casualties, which included patients and medical staff, varied widely in chaotic scenes outside the hospital in the remote Azra district of eastern Logar province, which is just south of Kabul .
Dozens more were wounded in one of the worst attacks this year.
Deen Mohammad Darwish, a spokesman for the Logar provincial government, said as many as 35 people were killed, although Afghanistan's Interior Ministry put the death toll at 20.
"The exact target is still not clear," Interior minister deputy spokesman Najib Nikzad said.
Taliban spokesman Zabihullah Mujahid denied responsibility and said the Islamist insurgents never attack hospitals.
President Hamid Karzai condemned the attack in which he said "tens of civilians" were killed. The United Nations said the maternity ward was hit in the bombing.
"This is a despicable attack against civilians who were seeking medical care, as well as visiting family members and health workers," Staffan de Mistura, the U.N. chief in Afghanistan, said in a statement.
Tensions have flared over civilian casualties, with insurgents and the Afghan government alike criticising NATO-led forces for killing innocent Afghans while hunting for militants.
United Nations figures however show that insurgents are responsible for three-quarters of civilian deaths.
Military and civilian casualties hit record levels in 2010, the most violent year of the war since U.S.-backed Afghan forces toppled the Taliban in late 2001.
This year is following a similar trend, with violence growing across Afghanistan since the Taliban announced a spring offensive at the beginning of May.
U.S. commanders had already said they expected a rise in attacks as insurgents hit back after U.S. and NATO forces made gains during operations in the Taliban heartland in the south over the past 18 months.
The United Nations said two weeks ago that May had been the deadliest month for civilians since it began compiling statistics four years ago.
It said it had documented 368 "conflict-related" civilian deaths, 82 percent of them caused by insurgents.
The latest violence comes as seven areas across the country prepare to take over security responsibilities from the NATO-led International Security Assistance Force (ISAF) fighting an increasingly unpopular war that has dragged on for 10 years.
That will coincide with the start in July of a gradual drawdown of U.S. troops. U.S. and NATO troops plan to hand over security responsibility for all of Afghanistan by the end of 2014, although critics warn the handover date is premature.
While most of the ISAF gains have been in Taliban strongholds in the south, the insurgency in eastern provinces like Logar and Kunar near the border with Pakistan is much more fragmented.
Taliban fighters often slip across the border from safe havens in Pakistan's largely lawless northwest but other groups like the al Qaeda-linked Haqqani network also operate extensively in the area.
India liberalises visa rules for Russian businessmen, tourists
MOSCOW: India took a lead in resolving the vexed visa issue by liberalising its rules for the Russian citizens visiting India on business and tourism.
"We are now issuing multi-entry business visas valid for one year against six months single or double entry in the past and tourist visas valid for six months with multiple entries," India's Ambassador to Russia Ajai Malhotra has said.
The Embassy of India in Moscow has streamlined and liberalised its issuance of business and tourist visas with a view to further encourage business contacts and promote tourism between India and Russia.
India and the Russian Federation already have in place a visa-free regime for diplomatic and official passport holders of both countries, that facilitates regular official contact.
Both business and tourist visas would normally be issued in three working days following the date of application against minimum ten working days previously.
The new pattern is also being followed by the Indian Consulates General in St Petersburg and Vladivostok.
The Russian citizens normally have to apply for the Indian visa by a Russian company appointed by the Indian mission to allow them to submit their applications even on weekends and holidays, when the Embassy is closed.
Ambassador Malhotra said these measures to facilitate the travel by Russian businessmen and tourists to India were actually implemented from June 12, Russia's national day.
According to him, the Indian Embassy in Moscow and the Consulates in St Petersburg and Vladivostok had issued about 110,000 visas to Russian citizens during 2010.
25 JUN, 2011, 11.04AM IST,TNN
Get ready for higher inflation
NEW DELHI: The government just increased the headache for households, itself and the Reserve Bank of India by increasing fuel prices as inflation is set to cross the double digit mark. The increase in diesel prices alone is expected to add 30 basis points (100 basis points equal one percentage point) to inflation and is going to have a cascading effect on prices of almost all commodities - from fruits and vegetables to industrial products - as transportation costs would go up due to the the hike of Rs 3 a litre.
"The total (direct and indirect) impact of the diesel price increase could be around 100 basis points," said D K Joshi, chief economist at ratings agency Crisil . Diesel has weight of 4.67% in the wholesale price index and any increase in diesel prices impact prices across the economy as goods are transported in trucks. Diesel is used as an input in manufacturing units as well in the farm sector. Add to that the impact of the Rs 2 hike for petrol and increase in cooking gas prices by Rs 50 per the inflation numbers -- which have been troubling households as well as policymakers for the past several months - would go past the 10% level over the next few weeks.
Already, based on provisional data, it was estimated at 9.06% in May. And if past trends are anything to go by, an upward revision is a near certainty.
Inflation has remained stubbornly high for the past more than a year and the government had dragged its feet on raising diesel prices fearing political backlash but was left with no choice due to the mounting losses of state-run oil firms. Joshi said an increase in diesel prices impacts core inflation which is currently an issue of concern. Food inflation which had shown signs of moderation for a few weeks have again started rising and latest data shows that it accelerated to 9.13% in mid-June due to pricey protein items. Monsoon is an added risk given that the forecast is not as optimistic as it was earlier.
Apart from the cost of key household items rising faster than earlier, high inflation is also expected to translate into further increase in your EMIs as economists expect RBI to raise interest rates further.
The price hike has not just upset household budgets but could also have a major impact on the government's own budget numbers.
By it's own admission, the Centre stands to lose Rs 49,000 crore during the financial year. With three months of the year gone, the loss might be 25% lower at Rs 36,750 crore. With uncovered losses of Rs 1.5 lakh crore for state-owned oil marketing companies -as they continue to lose money by selling subsidized fuel - the government could be in for some higher expenditure as well to meet the increased subsidy bill. Oil companies, of course, would be cajoled into taking their share of the cut, which will reflect in a hit on their bottomlines - and lower dividend for the government.
http://economictimes.indiatimes.com/news/economy/indicators/get-ready-for-higher-inflation/articleshow/8987372.cms
25 JUN, 2011, 05.42AM IST,TNN
Fiscal deficit target seen under pressure; inflation seen higher
NEW DELHI: The government just increased the headache for households, itself and the Reserve Bank of India by increasing fuel prices as inflation is set to cross the double digit mark.
The increase in diesel prices alone is expected to add 30 basis points (100 basis points equal one percentage point) to inflation and is going to have a cascading effect on prices of almost all commodities - from fruits and vegetables to industrial products - as transportation costs would go up due to the the hike of Rs 3 a litre.
"The total (direct and indirect) impact of the diesel price increase could be around 100 basis points," said D K Joshi, chief economist at ratings agency Crisil . Diesel has weight of 4.67% in the wholesale price index and any increase in diesel prices impact prices across the economy as goods are transported in trucks. Diesel is used as an input in manufacturing units as well in the farm sector.
Add to that the impact of the Rs 2 hike for petrol and increase in cooking gas prices by Rs 50 per the inflation numbers -- which have been troubling households as well as policymakers for the past several months - would go past the 10% level over the next few weeks.
Already, based on provisional data, it was estimated at 9.06% in May. And if past trends are anything to go by, an upward revision is a near certainty.
Inflation has remained stubbornly high for the past more than a year and the government had dragged its feet on raising diesel prices fearing political backlash but was left with no choice due to the mounting losses of state-run oil firms. Joshi said an increase in diesel prices impacts core inflation which is currently an issue of concern.
Food inflation which had shown signs of moderation for a few weeks have again started rising and latest data shows that it accelerated to 9.13% in mid-June due to pricey protein items. Monsoon is an added risk given that the forecast is not as optimistic as it was earlier.
Apart from the cost of key household items rising faster than earlier, high inflation is also expected to translate into further increase in your EMIs as economists expect RBI to raise interest rates further.
The price hike has not just upset household budgets but could also have a major impact on the government's own budget numbers.
http://economictimes.indiatimes.com/news/economy/indicators/fiscal-deficit-target-seen-under-pressure-inflation-seen-higher/articleshow/8985214.cms
Don't succumb to civil society's pressure tactics, CWC tells Centre
SMITA GUPTASHARE · COMMENT (16) · PRINT · T+
The HinduCongress president Sonia Gandhi (right) and Prime Minister Manmohan Singh during the CWC meeting in New Delhi on Friday. Photo: S. Subramanium
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The Congress Working Committee (CWC), which met here on Friday evening to discuss the controversial Lokpal Bill, was unanimous in its view that the government should not allow itself to be held to ransom by a handful of civil society activists.
Simultaneously, it was clarified that the draft of the government representatives on the joint Lokpal Bill drafting committee was just that – it was not yet the official government draft that would emerge only after the government took a final view after the all-party meeting slated for July 3.
Issue of booklet
On the specifics of the Bill, CWC sources said a few members concurring with the view of the government representatives on the joint drafting committee said there was no need to include the Prime Minister in the Bill as he, along with all citizens, was covered by the Prevention of Corruption Act and the law of the land. There were, these sources added, no voices to the contrary.
Indeed, a few members even impressed on the CWC the need for party leaders to speak in one voice so that there were no reports about "a party view" and "a government view." The CWC, therefore, has taken the view that the party will concur with the government line on the Lokpal Bill, once it emerges after the meeting of July 3. The Congress may then issue a booklet on its views on the Lokpal Bill at that stage.
Indeed, though the focus of the meeting was the Lokpal Bill, anger against civil society members took centre stage. At Friday's meeting, there was no direct criticism of the government's handling of the issue but a couple of members indirectly suggested, sources said, that the government had given a long rope to civil society members by including them in the joint drafting committee, a gesture that was not appreciated. On the contrary, this inclusion, these sources added, paved the way for the pressure tactics adopted by yoga guru Baba Ramdev.
Earlier, shortly after the CWC meeting concluded, Congress media chairperson and party general secretary Janardan Dwivedi told journalists that Union Finance Minister Pranab Mukherjee gave a chronological, blow-by-blow account of the journey the Lokpal Bill had taken, from its inclusion in the party's manifesto, to a draft being readied in 2010 – before any civil society activist has asked for it – to the trajectory the joint drafting committee meetings had taken. In his intervention, Union Home Minister P. Chidambaram pointed out the finer legal points of the Bill.
According to Mr. Dwivedi, in her opening remarks party president Sonia Gandhi said that from time to time, both she and Prime Minister Manmohan Singh had highlighted the menace of corruption, and the action the government had taken to tackle it, as well as the many steps taken in the interest of the people. The Prime Minister made the concluding remarks, stressing that the government had done whatever it could to deal with corruption.
Party general secretary Digvijay Singh repeated at the meeting a line that he – and the party – have taken: that Anna Hazare and Baba Ramdev were the masks of the Rashtriya Swayamsewak Sangh and the Bharatiya Janata Party – and the party needed to tackle that larger threat.
Keywords: Congress Working Committee meeting, CWC meet, Congress president Sonia Gandhi, Prime Minister Manmohan Singh, Lokpal Bill, Anna Hazare, anti-corruption campaign
http://www.thehindu.com/news/national/article2132149.ece
24 JUN, 2011, 07.21AM IST,ET BUREAU
Salaried persons with less than Rs 5 lakh taxable income need not file returns
NEW DELHI: Salaried individuals with taxable income of less than Rs 5 lakh will not have to file income-tax returns in the current assessment year.
The finance ministry notified the scheme on Thursday, spelling out the conditions for the exemption announced in the Budget for 2011-12.
Individuals with total taxable salary income of less than Rs 5 lakh in FY 2010-11, after allowing all deductions, will be exempt from filing tax returns this year.
However, the entire income must accrue from a single employer. That is, if an individual has a taxable salary income of less than Rs 5 lakh but had switched jobs in the middle of 2010-11, then he would have to file tax returns, clubbing income from all the employers.
The exemption will also not be available to individuals who have interest income of more than 10,000 in their savings deposits. Those with interest income of less than 10,000 will need to declare such income to their employer and have tax deducted on it to avail of the exemption.
The employee will have to declare his permanent account number to his employer and obtain certificate of tax deduction in Form No 16.
Those individuals having income from sources other than salary or having refund claims will not be covered under the scheme.
In his budget speech for 2011-12, Finance Minister Pranab Mukherjee had proposed to exempt salaried employees from filing tax returns in order to reduce the compliance burden on small taxpayers.
The finance ministry also stated that the scheme shall also not be applicable in cases wherein notices are issued for filing the income-tax return under section 142(1) or section 148 or section 153A or section 153C of the Income Tax Act 1961.
22 JUN, 2011, 06.23PM IST,ET BUREAU
Raytheon in $23 million deal for India military air traffic upgrade
LE BOURGET, PARIS: Radars and missiles major Raytheon has bagged a $23.2 million contract from Tata Power Strategic Electronic Systems in a programme to automate air traffic management systems of the Indian Air Force .
Company officials taking part at the Paris Air Show here, said the contract was part of the IAF's project for modernization of its airfield infrastructure (MAFI). The project aims to make all IAF air bases capable of handling all types of modern transport and fighter aircraft at all times. Tata Power Strategic Electronic Systems is the prime contractor of the project, which is undertaking the programme to upgrade 30 airbases of IAF in the first phase of the project.
Raytheon also has tie-ups in India with L&T and BEL, and is eyeing a bigger presence in India in the long term.
In the MAFI project, Raytheon Network Centric Systems will supply a variant of its globally deployed AutoTrac family of air traffic management systems. Raytheon NCS command and control systems vice president Andy Zogg said the company's AutoTrac system would provide IAF with a modern automated systems backbone for easier and rapid incorporation of new tools and functionality as they become available.
The US-based $25-billion Ratyehon has a presence in electronics, mission systems integration and other capabilities in the area of sensing, and offers a broad range of mission support services, among others.
The Indian defence market has attracted the attention of defence and aerospace players at the Paris Air Show here, particularly in the backdrop of projections that the country's defence market could be in the range of $ 80 billion over the next 4-5 years. There are also expectations among participants here that the Indian defence sector would opt for unmanned air vehicles, tactical missiles destroyers and more radar-based warfare systems in the coming years.
http://economictimes.indiatimes.com/news/politics/nation/raytheon-in-23-million-deal-for-india-military-air-traffic-upgrade/articleshow/8952190.cms
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24 JUN, 2011, 09.42AM IST, DIPAK KUMAR DASH,TNN
India's largest highway project up for grabs
NEW DELHI: Eleven players are in the fray to construct India's largest-ever highway project. The 555-km Ahemdabad-Udaipur-Kishangarh stretch is expected to cost nearly Rs 5,400 crore, which is sufficient to build a power project that generates 1,340-megawatt electricity.
And, the stretch could also help the government generate revenues of nearly Rs 10,000 crore over 20 years since the stiff competition is expected generate a premium during the bidding process that will now commence.
The list of shortlisted developers ranges from domestic giants L&T , GMR and Tata Infrastructure to First Pacific from the West Indies, Australia's Leighton and Malaysia's IJM. In addition, players such as GVK have formed a joint venture with Australia's Belford, while Nagarjuna Construction is bidding in partnership with Malaysian major Plus. Similarly, Hindustan Construction has tied up with Italian infrastructure company Vince as its partner, while local players Reliance Infra and IRB and Isolux and Soma have set up their own joint ventures.
This Kishangarh-Udaipur-Ahmedabad section, which is spread over NH -79 A, NH-79 , NH-76 and NH-8 , covers parts of Rajasthan and Gujarat. The stretch that falls under the crucial Golden Quadrilateral (GQ) network is already four-laned and is now being upgraded into a six-lane highway. "This is a lucrative highway sector with over 40,000 tolled vehicles plying on this stretch. The traffic on this corridor will increase manifold since it a crucial link to the Jawaharlal Nehru Port and the Mumbai-Pune expressway," said a senior NHAI official.
Sources said that while the Public Private Partnership Appraisal Committee (PPPAC) has set the benchmark of bidding out this project at not less than Rs 298 crore premium, the NHAI expects to get over Rs 400 crore, considering the competitive bidding by global infrastructure majors. "It's a big project for us. We will annually get the premium amount with an additional 5% increase every successive year," said an official.
So, if a company bids, say, Rs 400 crore, it has to pay the first installment as and when the deal is signed. The second year, the premium, which is referred to as a positive grant, would rise to Rs 420 crore, after factoring in the 5% increase. In the third year, it will go up further to Rs 441 crore. Typically, the concession period is 20 years, which can be longer in certain cases. NHAI has earned over Rs 800 crore as premium this year from various projects that have been bid out. This could almost double to Rs 1,500 crore by the close of the year.
http://economictimes.indiatimes.com/news/economy/infrastructure/indias-largest-highway-project-up-for-grabs/articleshow/8972484.cms
Fuel price hike will add to hardship: Jayalalithaa
SPECIAL CORRESPONDENTSHARE · COMMENT (1) · PRINT · T+
The Hindu"The diesel price rise would result in an increase in transportation cost and affect the poor and the downtrodden", Tamil Nadu Chief Minister Jayalalithaa said in a statement on Friday. File photo: Bijoy Ghosh
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Tamil Nadu Chief Minister Jayalalithaa on Friday strongly condemned the hike in the prices of diesel, kerosene and cooking gas, and demanded that the Centre roll it back immediately.
While the petrol price hike affected motorists and car owners, predominantly from the middle class, the diesel price rise would result in an increase in transportation cost and affect the poor and the downtrodden, Ms. Jayalalithaa said in a statement. Inflation had already affected the poor and middle classes. This hike would lead to an increase in the cost of all products, including vegetables.
"While the Centre had marginally reduced the customs and excise duty on diesel and crude oil, it had asked the State government to reduce the value-added taxes. The State government is in constant touch with the people and spends a major portion on their welfare schemes. Value-added taxes account for major share of the State government's revenue. Having raised the prices of diesel, kerosene and LPG, the Centre has no right to ask the State government to reduce the value-added taxes," she said.
"When the income of people has been constant, how can they face price rise due to increase in diesel cost?"
On the hike in cooking gas price by Rs. 50 a cylinder, she said people could not bear it.
"Kerosene is being used by the poor people and an increase of Rs. 2 per litre is totally unacceptable. While there is inflation all around, the kerosene price hike would create great hardship to the poor people. Hence, I urge upon the Centre to withdraw it [the hike] immediately," she said.
Keywords: Fuel price hike, Jayalalithaa
http://www.thehindu.com/news/national/article2132634.ece
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