God forbid if Chidambaram had his way with gas prices today

Sheela Bhatt gets the inside story of the Cabinet Committee on Economic Affairs meeting that finally decided to steeply increase the price of natural gas. Sources say that Finance Minister P......

President's address to the Parliament

Following is the trascriptof President Pratibha Patil's address to the joint sittingof Parliament on Thursday.Honourable Members, I convey my good wishes to you and to all our people. On behalf of......

For the foreseeable future, diesel is likely to drive India's economy

India’s climate change goals are turning combustible. On the one hand, a protracted dispute between the government and manufacturers over subsidies threatens to slow the pace of electric......

Budget 2021: Govt stares at revenue shortfall of Rs 7 trillion this fiscal

Revenue from divestment has fetched Rs 40,000-50,000 crore against target of Rs 2.10 trillion. Illustration: Uttam Ghosh/Rediff.com Tax collection and the proceeds from divestment in state-owned......

OMCs to invest Rs 90,000 cr on fuel upgrade by 2020

There are about 23 oil refineries in India with a combined capacity of 230 million tonnes per annum. Oil marketing companies (OMCs) will be investing Rs 90,000 crore by 2020 on fuel upgradation......

Post-Ukraine, Finance Minister Must Revisit Budget

Budget has already bombed at the box office and passing it without a revisit will be a mockery of the exercise though any modification may be short lived and perfunctory, observes V Ranganathan.......