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Petro Price Hike
UPA allies’ outcry may lead to rollback
SC’s no to Jaya’s exemption plea
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Lokpal Bill
Cong misusing CBI in Punjab, says Gadkari
Illegal mining
Dark underbelly of IT hub: It’s city with highest suicide rate
Battle for Marathi votes
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Petro Price Hike
New Delhi, November 4 Depending on how much the political pressure mounts on the government in the days to come, it
may have to look at alternatives other than frequent price hikes of petrol to ease the burden on the end consumers. One option that could come into play is pruning the central excise duty on petrol which is considered quite high at more than Rs 14 per litre. If the duty is cut even marginally, it can be a face saver and naturalise the impact of the present hike of Rs 1.85 per litre. The problem there is that the Finance Minister Pranab Mukherjee is facing a tough time in revenue collections as the global economy is in a turmoil and there is a slowdown within India. Sacrificing revenue may be a bitter pill to swallow at a time when worries over the fiscal deficit are mounting. What has outraged the public at large is the frequent increases in petrol prices — 11 times in 11 months — coupled with the fact that prices of everything are rising at the same time. Food inflation has crossed 12 per cent and interest rates have gone up almost a dozen times increasing the pinch of EMIs on loans and hurting households. The Petroleum Ministry and Indian Oil went into damage control mode to explain the reasons for
the latest hike. The Petroleum Ministry emphasised that oil companies are incurring huge losses and are having to borrow more to manage under-recoveries of fuel products. Even as the debate over the rationale for the petrol hike was heating up, Chief Economic Adviser, Kaushik Basu today advocated deregulating diesel to counter inflation. Observers saw the statement as testing the waters but given a double digit inflation scenario, deregulating diesel would be a bold step which would ramp up inflation initially and face stiff opposition. However, given the mounting subsidy burden of diesel and its impact on oil companies, bold hydrocarbon reforms may not be avoidable for too long.
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UPA allies’ outcry may lead to rollback
New Delhi, November 4 Earlier, TMC president Mamata Banerjee led the charge and even threatened to consider withdrawing support to the government if the trend continued. Others also attacked the decision with equal vehemence. National Conference chief and Union Minister Farooq Abdullah also demanded withdrawal of the petrol price hike and his party issued a statement on similar lines. Similarly, DMK parliamentary party leader TR Baalu also expressed reservations saying, "We are not at all satisfied with the hike. It was untimely. Frequent increase in petrol products is not fair. He said when the food inflation is already high, increasing the prices of petroleum was "definitely a burden on the common man". He said his party will raise the issue in Winter Session of Parliament. Finance Minister Pranab Mukherjee tried to distance the government from the decision saying after deregulation of petrol companies, the government had no role to play in petrol price hike. "Please remember this is a decontrolled item, and the companies maintain petrol prices," he said. However, besieged by all-round criticism, the Congress joined in expressing concern and asking the government to take some immediate remedial measures. Privately, Congress sources hoped the government might consider a rollback. Congress spokesman Abhishek Singhvi said his party hoped the government would look into the matter most seriously to diminish the increase.
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SC’s no to Jaya’s exemption plea
New Delhi, November 4 A Bench comprising Justice Dalveer Bhandari and Justice Deepak Misra, however, asked the trial court to finish recording her statement at the next appearance. If it was not possible, the trial court should complete it the next day, the court said. The SC also directed
Karnataka police to provide Z-plus security to her. The Bench noted that during her appearance in the Bangalore court on October 20 and 21, she had answered 567 of the 1,339 questions. The trial court is recording her statement under Section 313 CrPC meant for giving a final chance to the accused to defend herself. The disproportionate assets case against her involves Rs 66 crore accumulated by her when she was CM earlier in 1991-96.
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Lokpal Bill
New Delhi, November 4 They demanded three major changes to the existing constitutional provisions — among them a clarification in Article 105 that MPs won’t have the privilege of accepting bribes. The Team also sought changes to Article 311 of the Constitution which says only the government will have the power to dismiss a government servant. Team Anna also wants safeguards to ensure that no high court sits on a Lokpal order beyond three months.
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Cong misusing CBI in Punjab, says Gadkari
New Delhi, November 4 Describing the CBI as the “Congress Bureau of Investigation”, Gadkari claimed there was no charge of corruption against any BJP minister in Punjab. Ministers, he added, were dropped because of organisational issues and had nothing to do with corruption. Gadkari, in fact, gave a clean chit to the SAD-BJP government in the state. The state government has maintained law and order in the state as well as communal harmony. A slew of development schemes and industrial projects have been undertaken in the state, new districts have been created and reforms initiated. The BJP, he said, had not taken any decision about seat-sharing in the Assembly elections scheduled to be held early next year. In the last election, the BJP had contested 23 seats and won 19 of them. He, however, remained noncommittal about asking for more seats for the party. He also held out a stern warning to dissidents in Himachal Pradesh and threatened them with disciplinary action if they persisted in raising issues related to corruption. BJP dissidents owing allegiance to Shanta Kumar, possibly emboldened by the developments in Uttarakhand where the BJP replaced the Chief Minister, have recently raised a banner of revolt. The beleaguered HP Chief Minister Prem Kumar Dhumal had called on Gadkari earlier this week and complained about the dissidents. Gadkari told The Tribune that charges against the Dhumal government were completely baseless and there was no evidence whatsoever. “It is not proper to malign the government without evidence and if leaders persist with their improper conduct, the party will be forced to take disciplinary action against them,” he added.
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Illegal mining
Hyderabad, November 4 He was questioned by the CBI sleuths for over two hours about his business links with the mining czar who is in jail here along with his brother-in-law and managing director of Obulapuram Mining Company (OMC) Srinivas Reddy. However, it was clarified by the CBI sources later that Jagan was summoned as a witness in the case and not as an accused. Emerging from the grilling, a combative Jagan sought to turn the tables on TDP chief N Chandrababu Naidu, saying that the mining licence was granted for OMC in 2002 when TDP was in power.
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Dark underbelly of IT hub: It’s city with highest suicide rate
Bangalore, November 4 Bhatia’s suicide is yet another addition to the alarmingly rising suicide graph of the ‘Garden City.’ For the past two years, Bangalore has earned the dubious distinction of the city having the highest number of suicides — 1,778 cases were reported in 2010; the figure for 2009 was 2,167. According to the statistics released by National Crime Records Bureau (NCRB) recently, Bangalore is followed by Chennai, which recorded 1,325 suicides, Delhi 1,242 and Mumbai 1,192. Together, Bangalore, Chennai, Delhi and Mumbai accounted for almost 43 per cent of the total suicides in 35 cities measured. Bangalore topped the list for the previous five years before 2009, too. Experts point to accelerated development, sudden social urbanisation and high migration as the prime factors responsible. Being the tech hub of India, the city attracts a huge number of techies and other professionals from across the country. “Skyrocketing aspirations of individuals are almost impossible to be satisfied in the city and many are unable to cope up with stress”, G Gururaj, professor and Head of the Fepartment of Epidemiology, NIMHANS, said. Interestingly, the data from the NCRB also suggest that almost half the number of people who committed suicides in Bangalore were illiterate. This phenomenon is theorised by experts by saying that Bangalore is a city where educational standards required to find a job are high, thus widening the gap between rich and poor and the losers in the race sometimes end their lives. However, bulk of the suicides committed in Bangalore reportedly has to do with financial difficulties. “At least 30 per cent to 40 per cent cases of suicides are due to financial problems. In some cases, parents who were in severe debt had killed their children and then took their own lives”, an officer with the city’s crime record bureau said.
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Battle for Marathi votes
Mumbai, November 4 Bal Thackeray and his rebellious nephew who head the respective outfits have taken to abusing North Indian migrants from Uttar Pradesh and Bihar who have made Mumbai their home. The Shiv Sena jumped into it all after viewing the success of the MNS in the Maharashtra assembly elections two years ago. The elder Thackeray had then accused his estranged nephew of betrayal for
misguiding the Marathi voter and thus paving the way for the Congress and its ally, the Nationalist Congress Party to retain power in the state. But with the Mumbai civic polls round the corner and the Shiv Sena bogged down under the weight of incumbency after 20 years in office, Bal Thackeray has decided to outshout nephew Raj in order to retain as much of the Marathi vote as possible. His first target was former party aide-turned-Congressman Sanjay Nirupam, who has played a major role in mobilising the North Indian vote for the Grand Old Party. Latching on to a statement made by Nirupam in faraway Nagpur that Mumbai would shut down if the North Indians struck work for a day, Thackeray said his men would break Nirupam’s teeth for challenging the Marathis in their home turf of Mumbai. “You have come to earn a living in Mumbai, so please do not pick a fight with us,” Thackeray wrote in the party mouthpiece, Saamna. Not to be outdone, nephew Raj reminded the Marathi manoos that it was uncle Bal and cousin Uddhav who reared Nirupam. “Now you are saying he has become so big that you even find it hard to break his teeth,” Raj added.
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