Ban futures trading to stem price rise, says CPI-MSeptember 24th, 2009 NEW DELHI - The government must immediately ban futures trading in all essential commodities to control the "relentless rise" in their prices, the Communist Party of India-Marxist (CPI-M) has demanded. "This UPA (United Progressive Alliance) government has completely failed in controlling this price rise," noted the CPI-M mouthpiece "People's Democracy".
Call to bring airlines under Essential Services Maintenance ActSeptember 8th, 2009 CHENNAI - Air passenger service should be brought under Essential Services Maintenance Act (ESMA) so that a carrier or its employees do not leave passengers in the lurch. "Air travel has become an essential part of people's life.
Haryana takes steps to check hoarding of essential itemsAugust 12th, 2009 CHANDIGARH - With a view to checking hoarding of essential commodities, the Haryana government Wednesday introduced a control order that made it mandatory for all retailers and wholesalers to declare their stocks. This control order comes under the clause 10 of the Haryana Prevention of Hoarding and Maintenance of Quality Order, 1977, to prevent the hoarding of essential commodities and to ensure their better supply in the market.
Potato is now essential commodity in West BengalJuly 14th, 2009 KOLKATA - West Bengal government Tuesday included potato under the essential commodities category to prevent its hoarding and arrest its rising prices, state Finance Minister Asim Dasgupta said. The government issued a notification under the West Bengal Prevention of Hoarding of Essential Food Stuffs Order, 2009, declaring potato cannot be stocked beyond a permissible limit.
Airlines criticize Justice Department opposition to their bid for broad antitrust immunityJuly 7th, 2009 Airlines defend antitrust-immunity bidWASHINGTON — Continental, United and eight other airlines say the Justice Department's opposition to their bid for broad antitrust immunity was based on shortsighted analysis that ignored conditions in the airline industry. The airlines, part of an alliance that Continental plans to join this fall, want immunity to cooperate in setting prices and schedules on international service without violating U.S.
Bangaloreans resent fuel price hikeJuly 2nd, 2009 BANGALORE - The residents of Bangalore have expressed widespread resentment over the fuel price hike announced Wednesday which, they feel, would result in increase in prices of other essential products and services. After the hike of petrol prices by Rs.4 per litre and diesel prices by Rs.2 per litre, Bangaloreans now have to shell out Rs.50.66 per litre for petrol and Rs.37.01 per litre for diesel.
Morgan Stanley, Mitsubishi UFJ to form 50-50 corporate financing joint ventureJuly 1st, 2009 Morgan Stanley, Mitsubishi UFJ to form finance JVTOKYO — Mitsubishi UFJ, Japan's largest bank, and Morgan Stanley said Wednesday they will form a joint venture to pursue corporate financing business in the U.S., Canada and Latin America. Mitsubishi UFJ is eager to expand its reach overseas and took a major step late last year, when it paid $9 billion for a 21 percent stake in Morgan Stanley.
NDA pro-business, UPA more rural-oriented: Goldman SachsMay 11th, 2009 NEW DELHI - An alliance led by the Bhartiya Janata Party (BJP) is more likely to be 'pro-business' than a government with the Congress party at its helm, a leading global consultancy said Monday. 'Party manifestos and past records suggest that a UPA (United Progressive Alliance)- led alliance may focus on rural and social sectors, while a BJP-led government may concentrate on infrastructure and pro-business policies,' said a Goldman Sachs report.
BJP will win highest number of seats: AdvaniApril 21st, 2009 BANGALORE - The Bharatiya Janata Party was poised to win the highest number of seats in parliament, senior BJP leader L.K. Advani said here Tuesday.
UPA rule led to farmers' suicides, job losses: JayalalithaApril 16th, 2009 CHENNAI - The five years of the United Progressive Alliance's rule has resulted only in price rise of essential commodities, job losses, stagnating industrial growth and farmer suicides, AIADMK general secretary J. Jayalalitha said here Thursday.
Dr Antal Hajos appointed as MD, CEO Europe at Ecron AcunovaApril 1st, 2009 BANGALORE/ FRANKFURT - D A Prasanna, Founder of Ecron Acunova, based out of Germany, India and US, is pleased to announce the appointment of Dr. Antal K. Hajos as Managing Director of Ecron Acunova and CEO Europe.
People have suffered under UPA rule, claims BJPMarch 7th, 2009 NEW DELHI - The Bharatiya Janata Party (BJP) Friday blamed the United Progressive Alliance (UPA) government for 'rising prices' of essential commodities, and said that people have suffered severe hardship under its rule. The decline in the Wholesale Price Index 'does not reflect the hardship of the aam aadmi (common man)', BJP spokesperson Prakash Javadekar told reporters and pointed out that the Consumer Price Index (CPI) and Food Price Index were going up.
GSPC, Schlumberger in strategic technical allianceJanuary 12th, 2009 AHMEDABAD - Gujarat State Petroleum Corporation (GSPC) and global oilfield and information service provider Schlumberger Tuesday announced a long-term strategic alliance. A memorandum of understanding (MoU) to this effect was signed here as part of the Vibrant Gujarat Global Investors' Summit.
Indian truckers call off eight-day strikeJanuary 11th, 2009 NEW DELHI - In a development that should bring relief to households and the corporate sector alike, Indian transporters called off their eight-day nationwide strike Monday after they agreed to the government's proposal for a mechanism to adddress their grievances. The government Monday agreed to form a committee headed by Transport Secretary Brahm Dutt to look into issues such as a single national permit for truckers to ensure their free movement across states and rationalisation of service tax.
Commodity supplies hit as truckers' strike continuesJanuary 7th, 2009 NEW DELHI - Truckers Thursday said their nationwide strike will continue, even as traders said the four-day-old agitation has hit supplies of essential commodities. Over six million trucks went off the roads across India in the early hours Monday, with transporters demanding that diesel and tyre prices be lowered.