Search Results for: oil prices

hoarders-taking-advantage-of-below-normal-monsoon-forecast-strict-action-needed-arun-jaitley

Hoarders taking advantage of below normal monsoon forecast, strict action needed: Arun Jaitley

New Delhi, July 4 (ANI): At the state food ministers' meet on Friday, to discuss measures to check the unreasonable increase in prices of some food items, Finance Minister Arun Jaitley said that hoarders are taking advantage of the forecast of below normal monsoon. He stated that during the months of July- December every year, the prices of some food items increase due to hoarding. He urged the states to take stern against hoarders and assured that the central government would give them complete support. Jul 4, 2014
rajnath-singh-on-food-price-control

Rajnath Singh on food price control

New Delhi, July 3 (ANI): Home Minister Rajnath Singh on Thursday said that he has directed his officials and concerned ministers to take every step to control the prices of essential commodities. He added that he has asked for strong action against hoarders. The Home Minister's directive came following a high-level meeting attended by Delhi LG Najeeb Jung, Chief Secretary S K Srivastava, Police Commissioner B S Bassi besides others. Jul 3, 2014
indian-government-brings-onions-and-potatoes-under-essential-commodities-act-to-curb-inflation

Indian government brings onions and potatoes under essential commodities act to curb inflation

New Delhi, July 3 (ANI): The economic affairs committee of the Indian cabinet decided to bring onions and potatoes under the essential commodities act in order to curb the prices of these two essential vegetables on the nation's menu. Law minister, Ravi Shankar Prasad held a cabinet briefing to explain the government's decision of including onions and potatoes under the Essential Commodities Act, 1955, for one year. Prasad said that the decision will prevent hoarding as it will place an upper limit on holding stock by wholesale traders and others. Prime Minister, Narendra Modi, has made tackling inflation his top priority after widespread resentment about rising prices contributed to the exit of the previous government last month. Jul 3, 2014
indians-take-to-streets-as-inflation-hits-hard-on-common-man

Indians take to streets as inflation hits hard on common man

Bangalore /Allahabad, July 02 (ANI): Indians took to streets on Wednesday protesting against the new Modi led BJP government following price rise and spiralling inflation that has hit hard on the pocket of the common man. Condemning BJP, youth wing of main opposition Congress party in IT hub Bangalore staged a protest demanding quick relief from rising prices. Meanwhile, regional Samajwadi Party workers in northern Allahabad city tried to stop normal movement of trains and demanded resignation of PM Modi if inflation was not curbed. Jul 2, 2014
govt-is-taking-all-possible-measures-to-control-inflation-bjp

Govt is taking all possible measures to control inflation: BJP

New Delhi, July 02 (ANI): The BJP on Wednesday said that said that the government is taking all possible measures to control inflation. Petrol and diesel prices were hiked on Monday by Rs 1.69 and Rs. 0.50 per litre respectively while onion prices have continued to surge upwards. Finance Minister Arun Jaitley had called upon state governments to check hoarding, while Prime Minister Narendra Modi had met ministers and senior bureaucrats to discuss strategies to control inflation, which is at a five month high. The government had also increased rail fares, which had led to an outcry by the opposition parties. Jul 2, 2014
BSE Employees

Rupee Gains, Market Records High on Finance Minister's Optimism

The Indian stock market on Wednesday opened on bullish note, following Finance Minister Arun Jaitley inaugurated digital banks across the nation on Tuesday. The stocks of banking sector plunged higher, but BSE Information Technology stocks declined during trading hours. Jul 2, 2014
ramadan-spurs-arabian-dates-sales-in-india

Ramadan spurs Arabian dates sales in India

Kozhikode, July 2 (ANI): Sales of Arabian Dates have notched up at a fair in southern India during the Holy month of Ramadan, as varieties of dates exported from various Middle Eastern countries are attracting buyers for their rich taste and high nutritional content. Hundreds of visitors thronged the dates fair organised in Kozhikode city of Kerala. Though some of the varieties are heavily priced, the organisers claim that the prices do not stop people from buying even the costliest dates on display. This is the third edition of the dates fair held in the city and will conclude on July 07. Jul 2, 2014
politicians-take-a-jibe-at-modi-led-nda-govt-over-spiralling-inflation

Politicians take a jibe at Modi-led NDA govt over spiralling inflation

New Delhi/Chandigarh/Nagpur / Varanasi, July 01 (ANI): Politicians on Tuesday slammed the BJP-led government for price rise, which is adding to inflationary pressures that Prime Minister Narendra Modi's government inherited when it came to power in May. After petrol and diesel, price of non-subsidised cooking gas (LPG) was today hiked by Rs 16.50 per cylinder and that of jet fuel by over half-a-per cent after international oil prices surged due to the ongoing Iraq crisis. However, BJP leader and Environment Minister, Prakash Javadekar, assured that the government is working hard to control inflation. Jul 1, 2014
politicos-head-to-mp-assembly-on-bullock-cart-to-protest-against-price-hike

Politicos head to MP assembly on bullock cart to protest against price hike

Bhopal, July 1 (ANI): Congress leaders in Bhopal arrived in bullcok carts and horse carts for the assembly session to show their resentment against price hike on Tuesday. India's state-run oil companies on Monday hiked price of petrol by rupees 1.69 per litre and diesel 0.50 paise per litre as ruling BJP hinted at less import due to crisis in Iraq. With the budget session of Parliament beginning from July 07, the ruling BJP is being severely criticised across the nation for its decision to increase the prices of essential commodities. Ahead of his maiden budget this month, Finance Minister Arun Jaitley is grappling with a food inflation scare, and now faces the risk that higher oil prices could swell the government's subsidy bill. Jul 1, 2014
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