In yet another attempt to control high food inflation, hovering at 16.9 per cent, the empowered group of ministers (EGoM) on food on Friday decided to release 5 million tonnes of wheat over the next 10 months under the open market sale scheme. However, the draft Food Security Bill, which aims to provide a fixed quantity of food grain at

Mukesh Ambani’s Reliance Industries and Anil’s Reliance Natural Resources Limited took yet another conciliatory step by signing the revised Gas Supply Master Agreement. This followed the direction of the Supreme Court on May 7, 2010.

The government decided to decontrol petrol prices from Friday midnight and simultaneously raised the prices of key auto and cooking fuels — petrol, diesel, LPG and kerosene. The prices of petrol, diesel and kerosene have been raised by Rs 3.5 per litre, Rs 2 per litre and Rs 3 per litre respectively. An LPG cylinder will now cost an

If, the government keeps its word on deregulating diesel and petrol prices, it could mean more choice for consumers. More choice in terms of prices, improvement in fuel quality and service levels as well.

Inmates of a juvenile home tried to set things afire in a protest against the state of affairs there. They also tried to vandalise the fire tenders. “The inmates of a remand home set cardboard on fire demanding better food and basic amenities. They later threw stones on fire tenders,” a Delhi police official said. The incident occurred in

It has been a case of third time lucky for public sector oil companies. The Kirit Parikh committee recommendations to deregulate the petroleum sector have been accepted — partially at least. While markets cheered the news wholeheartedly, it may be time for just two and a half cheers instead of the usual three, till there is more clarity on details.

Three unidentified assailants abducted a 25-year-old call centre employee in their Maruti 800 car, robbed him of cash and other valuables and later threw him out near ITO on Thursday evening.

On the strength of her brilliant track performance, the Darius Byramji’s Bid For Gold looks set to claim the Karnataka Sub-Area Cup, the feature event of the races to be held here on Saturday.

The common man in the capital is willing to buy any logic of the powers-that-be on the necessity of hiking the fuel price. Meanwhile, the BJP, which staged a demonstration against the hike, has also planned to carry out “chakka jam” in several areas. “The government will always have its reasons. Those who are rich can pay

The first of Lalit Modi’s many deals around the Indian Premier League has come unstuck. On Friday, the BCCI said it would recover Rs 425 crore from the IPL’s media rights holders for the sub-continent, MSM Satellite, as part of an amended agreement which was approved by the T20 League’s Governing Council in Mumbai.