Government decides to hold petrol and diesel prices to satisfy Left demands – starts looking at common minimum program
KIran Chaube
Oct. 11, 2007

The Left parties are adamant about ‘no hike in petrol an diesel prices.’ The Government agreed to their demands. Now the Congress party is also looking the common minimum program.

Based on open market price, Government owned public oil companies are losing Rs 4.38 a liter on petrol, Rs 6.95 per liter on diesel, Rs 15.97 a liter on PDS kerosene and Rs 180 per LPG cylinder.

The Indian basket of crude oil is priced between $76.00 a barrel and $78 a barrel.

Government decides to hold petrol and diesel prices to satisfy Left demands – starts looking at common minimum program
KIran Chaube
The Left parties are adamant about ‘no hike in petrol an diesel prices.’ The Government agreed to their demands. Now the Congress party is also looking the common minimum program.
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Sensex experiences 1,040 points from the days low and closes above 18K – the 6% rally on a single day exposed the matured bubble state
Babu Ghanta
Sensex took off and jumped 6% in a single day from the days low. The market looks filled with euphoria with Sensex above 18K. It is similar to what Nikkei (Japanese Stock index) saw in upper 40K in 1987-88.
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The 490-point reversal in Sensex can be the start of a long-term bear market in India
Rohit Pande
India’s massive long term bear market will start when the foreign financial institutions believe that Indian market is too high and they start withdrawing.
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India’s growth can be checked by the rising oil prices and shortage of elite talent – IMF agrees
Nancy Shekaran
Indian economy is growing rapidly but the finance ministry has failed to curb inflation effectively. That has a serious implication in the long run.
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Sensex moves up 500 points in the last hour - India must to curb the Foreign Institutional Investors participation in stock market like in China
Anil Rane
India is on the high. The Finance Ministry has just started worrying about the bubble in the stock market. The stock market right now in India is totally hijacked by Foreign Institutional carry traders.
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India and China stock market bubbles now real – Indian Finance Minister for the first time starts getting nervous
Prithiv Chauhan
Chidambaram worries about inflation, liquidity and growth. A catastrophic collapse (like that in 1929 in US) will cause a massive depression in India. Unlike US in 1929, India is very heavily populated.
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Congress party gets ready for reelection - Manmohan Government launches insurance scheme for rural poor
Media Release
The Center today launched a scheme for providing death and disability insurance cover for rural landless households, a programme for which Rs 1,000 crore was earmarked in this year's budget.
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Sensex remained volatile throughout the session, witnessing a surge to 17,425.34 points and slide to 17,144.58 before closing at 17,291.10 with a gain of 37.52 points
Media Release
In choppy trades, the Bombay Stock Exchange benchmark Sensex gained over 37 points today as funds purchased stocks of state-owned blue-chip companies.
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