IOC Loses Rs 2,143 Crore In 45 Days
Indian Oil Corporation (IOC) claimed on Tuesday that non-revision of prices of petroleum products (petrol, diesel, cooking gas and kerosene) has resulted in a loss of Rs 2,143 crore to the company during the first two and a half months of the current fiscal. The losses during the first quarter of this fiscal will be much more if prices are not revised immediately.
The representatives of various trade unions have sought restoration of 12 per cent interest rate on small saving schemes as social security for the salaried class. They have also demanded a cut in prices of LPG, kerosene, diesel and petrol for keeping inflation under control.
The Maharashtra State Public Services (Reservations for Scheduled Castes, Scheduled Tribes, De-notified Tribes, Nomadic Tribes, Special Backward Category and Other Backward Classes) Act, was passed by the Legislature earlier this year.
It makes reservation mandatory in all government and semi-government bodies, education institutions and companies, which have been given aid in the form of government land at concessional rates or any other monetary concessions by the government or is recognised, licensed, supervised or controlled by the government.
The definition is so wide that most industries in the state fall under its ambit.
In a curious convergence of the Right and the Left, the Swadeshi Jagaran Manch (SJM) has called the Common Minimum Programme (CMP) “a good beginning”. SJM leaders also “hope that Left Front will demonstrate the maturity and seriousness in defending the core national interest.”
Court suggests 50% cut in medical college fees
‘‘Out of 126 medical institutions in Maharashtra, fees for 63 institutions has been decided based on the information provided by the institutes. For 26 private colleges which sent defective or deficient information, fees will be at par with government colleges.’’
Swaminomics : An expensive face-lift
How will it be paid? The CMP has no explanation, only a bland declaration that the governments revenue deficit will magically disappear by 2009. But much of the proposed new spending (on education, health, employment) is revenue expenditure. How then will the revenue deficit disappear?
