Fuel prices won't be hiked, for now: Jaipal Reddy

September 7, 2012
jaipal_reddy

New Delhi, September 7: Oil Minister Jaipal Reddy today ruled out an immediate hike in fuel prices, saying there is no such plan. Mr Reddy spoke to the media at an Indian Oil event in New Delhi.

Sources have informed NDTV that the hike in all fuel prices has been deferred by a week.

"It is my duty as a minister to bring out the facts in front of the Cabinet Committee of Political affairs…don’t know when the CCPA will take up the issue,” he said, adding that there is a need to reduce the under-recoveries of oil marketing companies.

This led to an immediate drop in the share prices of oil marketing companies, with Bharat Petroleum falling the most at 3 per cent. Hindustan Petroleum and Indian Oil also saw selling pressure. HPCL was down 2.75 per cent, while IOC traded 1.9 per cent lower.

Indian Oil chairman R.S. Butola, who was also present at the event, said oil companies were currently losing nearly Rs. 6 per litre on petrol sales.

"There is a need to raise petrol prices. We are in consultations with our colleagues at other oil marekting companies and stakeholders," Mr Butola said.

There were reports on Thursday that oil companies were going to hike the price of petrol by as much as Rs. 5, and that prices of diesel and kerosene, which are regulated, will increase next week.
State-run oil marketing companies are losing Rs. 550 crore everyday on under-recoveries as a result of higher crude prices in the global markets.

They make a loss of Rs. 17/litre on diesel sales, Rs. 32.7/litre on kerosene sales, and Rs. 347/cylinder on cooking gas sales every day.


Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
June 16,2024

dharmendra.jpg

Union Education Minister Dharmendra Pradhan on Sunday said that some irregularities have come to light regarding the NEET examinations while speaking to news agency ANI.

Pradhan told the publication, "On the recommendations of Supreme Court, the order has been given for re-test of 1,563 candidates," further adding, "Some irregularities have come to light in two places. I assure students and parents that the government has taken this seriously."

Pradhan admitted in the interview that a lot of improvement is required in the National Testing Agency (NTA), the autonomous body tasked with conducting nationwide competitive examinations.

"Even if the big officials of the NTA are found guilty, they will not be spared," Pradhan said while adding, "The government is concerned about this, no culprit will be spared, they will get the harshest punishment."

The National Eligibility-cum-Entrance Test (UG), or NEET, was held on May 5 across 4,750 centres with around 24 lakh candidates appearing for it. The results were expected to be declared on June 14 but were announced on June 4 -- the day the general election results were announced -- apparently because the evaluation of the answer sheets was completed earlier.

There have been allegations of question paper leaks in states like Bihar and other irregularities in the pan-India exam.

The Centre and the National Testing Agency on Thursday told the Supreme Court they had cancelled the grace marks given to 1,563 candidates who took the examination for admission to MBBS and other such courses.

They will have the option to either take a re-test or forgo the compensatory marks awarded to them for loss of time, the Centre said.

The Congress had on Friday questioned Prime Minister Narendra Modi's "silence" on the matter and asserted that only a Supreme Court-monitored forensic probe could safeguard the future of lakhs of young students.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 8,2024

sofiafirdos.jpg

Sofia Firdous, the Congress MLA from the Barabati-Cuttack seat in Odisha, has got her name registered in history books. She is the first-ever Muslim woman legislator to have been elected to the Odisha Assembly.  Ms Firdous defeated BJP's Purna Chandra Mahapatra by a margin of 8,001 votes.

Who is Sofia Firdous?

Sofia Firdous, 32, comes from a political family. She is the daughter of Mohammed Moquim, a senior Congress leader. The party replaced Mr Moquim with Ms Firdous in the 2024 Odisha Assembly elections, who emerged victorious. 

Ms Firdous holds a Civil Engineering degree from Kalinga Institute of Industrial Technology. She also completed an Executive General Management Program from the Indian Institute of Management, Bangalore (IIMB) in 2022.

In 2023, Ms Firdous was elected as the president of the Bhubaneswar chapter of the Confederation of Real Estate Developers' Associations of India (CREDAI). She also serves as the East Zone Coordinator for the CREDAI women's wing.

She is the Co-Chair of the Bhubaneswar Chapter of the CII - Indian Green Building Council (IGBC) and a core member of INWEC India. She is married to entrepreneur Sheikh Meraj Ul Haque. 

She follows in the footsteps of Nandini Satpathy, Odisha's first woman chief minister, who represented the same constituency in 1972. 

In the 2024 Odisha Assembly elections, the BJP secured a majority, winning 78 of the 147 seats, ending Chief Minister Naveen Patnaik and Biju Janata Dal's (BJD) 24-year rule in the state.

In the Lok Sabha elections, too, the BJP claimed victory in 20 of the 21 seats in the state, eight more than their tally of 12 in the 2019 polls. The remaining seat went to Congress, while the BJD did not win a single seat.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 7,2024

modi.jpg

New Delhi: Narendra Modi - to be sworn in Sunday as a three-term Prime Minister after Chandrababu Naidu's TDP and Nitish Kumar's JDU dragged his BJP past the 272-seat majority mark - mocked eternal rivals Congress for failing to win as many seats in this election. The Congress, he declared, had yet again failed to cross the 100-seat mark and won fewer seats in three elections than the BJP had in one.

Mr Modi - whose party finished with 240 seats, its lowest return in 15 years - also said "we were neither defeated nor are we defeated" and claimed, "Our values are such we do not develop frenzy during victory and do not mock the defeated. We do not have perversion of mocking the defeated."

Mr Modi then taunted his rivals over their poor electoral performance.

"Even after 10 years Congress could not touch the figure of 100 seats. If we combine the 2014, 2019, and 2024 elections... Congress did not even get as many seats as BJP got in this election. I can clearly see people of INDI Alliance (the BJP's jibe at the INDIA bloc) were sinking slowly earlier... now they are going to sink at a faster pace..." the Prime Minister-designate proclaimed.

The Congress, which led the INDIA opposition bloc in this election, finished with 99 wins from the 328 seats it contested. That was the party's best result in 15 years; it won 44 in 2014 and 52 in 2019.

The last time the party scored in the triple digits was in 2009 when it won 206 seats and propelled former Prime Minister Manmohan Singh and the United Progressive Alliance to a second term.

Mr Modi's jibe, though, may be premature, for the Congress could still hit the 100-mark if Vishal Patil, a party rebel who contested and won from Maharashtra's Sangli, re-joins the party.

In a post on X this morning, Congress chief Mallikarjun Kharge said, "Welcoming the support of elected MP from Sangli, Shri Vishal Patil to the Congress party".

In a lengthy speech that included multiple jabs and jibes at the Congress and the opposition, Mr Modi also made a pitch for governance by consensus and coalition politics. "Our alliance reflects the spirit of India and we are dedicated to upholding constitutional values. NDA is the most successful..."

"When I was speaking in this House in 2019 you chose me as the leader. Then I emphasised one thing... trust. Today, when you are giving me this role again, it means the bridge of trust between us is strong. This relationship is built on a strong foundation... and that is its biggest asset."

The remarks are seen as acknowledgement of his reliance on allies - new territory after enjoying brute majorities in 2014 and 2019. The BJP needs the support of Chandrababu Naidu and Nitish Kumar. Mr Naidu's TDP and the JDU of Nitish Kumar are seen as kingmakers after the TDP and JDU won 28 seats; take those away and the NDA does not have the numbers to form the government.

"The mandate of 2024 is strengthening one thing again and again - the country trusts only NDA. When there is such unbreakable trust, it is natural for expectations to increase. This is good...I said earlier past 10 years were a trailer. It was not an election statement, it was my commitment..."

"For me, all leaders of all parties are equal in Parliament. When we talk about 'sabka prayaas', for us, everyone is equal, whether from our party or not. This is why NDA is strong in past 30 years..."

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.