Tag Archives: diesel price

Cut in passenger fares unlikely in rail budget next month: minister

Reduction in passenger fares is unlikely in the ensuing railway budget for 2015-16 despite sharp fall in diesel price, Railway Minister Suresh Prabhu hinted on Thursday. “We recover only 50 percent of the passenger cost from the fares, in which there is already a huge element of subsidy, benefitting them (passengers),” Prabhu told reporters on the margins of a railway ...

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De-regulate Diesel Prices: RBI Governer urges Centre

RBI Governor Raghuram Rajan on Monday urged the Centre to completely de-regulate diesel prices in the wake of falling global crude oil prices. He said, “De-regulation will empower state-owned oil firms to change rates in tandem with crude oil prices like in the case of petrol. In January 2013, the government started a phased de-regulation by allowing up to 50 ...

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Back to Basics: Why S&P downgraded India?

To be precise, double-talk, greed, corruption and an unmanageable economy have landed India on par with a country like Tunisia, which had undergone political upheaval recently and landed itself in Negative sovereign rating. Double talk by the government, assuring the likes of G-7 or G-20 that its subsidies are being offset by a hike in oil price but indeed hiking ...

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