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Petrol price cut by Rs 2.42 per litre and diesel by Rs 2.25 a litre

New Delhi, Jan 16 (ANI): Oil marketing companies on Friday cut petrol prices by Rs 2.42 while it cut diesel price by Rs 2.25 per litre. Meanwhile, the government raised the excise duties on petrol and diesel by Rs 2 a litre. Retail pump rates will remain unchanged as the increase in excise duty neutralises the cut in petrol and diesel prices warranted from crude oil price slumping to about USD 46 per barrel. The increase, the fourth since Prime Minister Narendra Modi lifted diesel price controls in October' seeks to cash in on lower world oil prices to bolster strained government finances without stoking inflation. The Finance Ministry notification said the excise duty hike will be effective from midnight tonight. Jan 16, 2015
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Politicos react over release of controversial book on Sonia Gandhi in India

New Delhi, Jan 16 (ANI): A fictional account of Congress President Sonia Gandhi's life by Spanish author finally hits the country's stores with the party mulling legal action if it found contents "objectionable". The book "Red Sari" by Javier Moro could not be released in India during opposition Congress party rule. The Congress said it would take legal action, if the contents of the book were found objectionable. Bharatiya Janata Party refused to comment on it. CPI leader Atul Anjan found nothing wrong with the publication of the book. The book traces Sonia's journey with information sourced from close friends and colleagues from her idyllic childhood to her passionate love affair with late Prime Minister Rajiv Gandhi and chief of the Congress party. Jan 16, 2015
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