Economy News

gas-station

Petrol Price Hike To Severe Public Health Risk, Favours the Rich: CSE

Amidst criticism and protest from various political parties and the public over the hike of petrol price by over seven rupees, Centre for Science and Environment (CSE) has come down heavily on the government, saying that the hike favours the rich and will severe public health. May 25, 2012

India Warns of Potential Ban on EU Airlines over Carbon Tax Dispute

European airlines may risk an embargo from India's airspace, should Brussels impose sanctions on Indian carriers over carbon emissions. Brussels is facing the heat from several nations, including China, Russia, over an EU carbon emissions trading scheme that called for charging airlines over pollution. Civil aviation minister Ajit Singh hinted the possibility of a ban on EU carriers in an interview. May 25, 2012
gas-station

Congress Against Petrol Price Hike; Govt Considers Partial Rollback: Sources

The latest media reports suggested that the government is contemplating a partial rollback in the recent steep petrol price hike. According to the sources the government might slash about Rs 2 to 2.50 per litre, while the Congress party is demanding to scale down about Rs 3 to 5 in the latest hike. May 24, 2012
a-gas-nozzle-is-used-to-pump-petrol-at-a-station

Petrol Price Hike: 5 things to Watch Out For

The announcement of the government to hike petrol price by Rs 7.50 per litre, which will come into effect on Thursday, has not gone down too well with the public and government allies. The Bharatiya Janata Party (BJP) is even planning a nation-wide bandh to demand immediate rollback of the petrol price hike. May 24, 2012
maruti-suzuki

Auto Stocks Plunge Amidst Petrol Price Hike

BSE Auto index took a hit on Thursday morning trade session amidst petrol price hike. Maruti Suzuki took the worst hit, trading shares at Rs. 1,132 and reporting a fall of 1.67 percent at At 1:22 p.m. May 24, 2012
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