The government has no immediate plans to raise fuel prices, the country's petroleum secretary said on Tuesday, after a newspaper report that auto fuel prices could be raised early next year.
The Hindustan Times newspaper, without citing any sources, said in a report that prices of auto fuel could increase "anytime early next year."
"There is no such proposal yet," Petroleum Secretary R S Pandey told Reuters, when asked to comment on the news report.
India previously raised fuel prices by as much as 10 percent in July, when global crude oil prices were hovering at about $70 a barrel.
U.S. crude for February delivery fell 28 cents to $78.49 a barrel by 0332 GMT.
State-run refiners sell petrol, diesel, kerosene and cooking gas at low government-fixed rates to control inflation and help the poor, and receive partial compensation from the government.
(Reporting by Nidhi Verma; Editing by Michael Urquhart)
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Sunday, February 21, 2010
Mercury climbs in Delhi
New Delhi, Dec 29 (IANS) Delhi Tuesday recorded a relatively warm morning with the minimum temperature climbing to 6.2 degrees Celsius.
After dipping to the season's lowest at 5.2 degrees Celsius on Saturday, the temperature has been rising gradually for the past two days.
The weatherman has forecast a further rise in the day temperature with the minimum temperature likely to settle around 7 degrees Celsius.
'There is a possibility of shallow fog in the morning Wednesday but skies will remain clear during the day,' an official at the India Meteorological Department said.
The visibility Tuesday dropped to 400 metres at 7.30 a.m. but there were no reports of flights being delayed.
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After dipping to the season's lowest at 5.2 degrees Celsius on Saturday, the temperature has been rising gradually for the past two days.
The weatherman has forecast a further rise in the day temperature with the minimum temperature likely to settle around 7 degrees Celsius.
'There is a possibility of shallow fog in the morning Wednesday but skies will remain clear during the day,' an official at the India Meteorological Department said.
The visibility Tuesday dropped to 400 metres at 7.30 a.m. but there were no reports of flights being delayed.
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Govt to delay 3G auction - papers
India, the world's fastest growing mobile market, is expected to delay the auction of third-generation wireless spectrum to February due to uncertainty over defence forces giving up spectrum, two newspapers reported on Tuesday, citing sources close to the development.
The Business Standard said the auction of spectrum, that would allow high speed wireless network, would be pushed to the end of February, while the Daily News and Analysis said it was likely in mid-February.
Last week, the telecom minister said the auction, which has been deferred several times before, would meet the Jan 14 schedule. But the government is yet to come out with the notice inviting applications.
A spokesman for the telecom ministry could not be immediately reached for comment by Reuters on Tuesday.
Analysts expect phone companies to spend $1.5 billion on 3G spectrum alone, while building the high-speed wireless networks will cost billions of dollars more.
(Reporting by Narayanan Somasundaram and Devidutta Tripathy; Editing by Anshuman Daga)
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The Business Standard said the auction of spectrum, that would allow high speed wireless network, would be pushed to the end of February, while the Daily News and Analysis said it was likely in mid-February.
Last week, the telecom minister said the auction, which has been deferred several times before, would meet the Jan 14 schedule. But the government is yet to come out with the notice inviting applications.
A spokesman for the telecom ministry could not be immediately reached for comment by Reuters on Tuesday.
Analysts expect phone companies to spend $1.5 billion on 3G spectrum alone, while building the high-speed wireless networks will cost billions of dollars more.
(Reporting by Narayanan Somasundaram and Devidutta Tripathy; Editing by Anshuman Daga)
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Rupee falls by 4 paise against dollar in opening trade
Mumbai, Dec 29 (PTI) The rupee today depreciated by 4 paise to 46.69 a dollar in the opening trade on demand for the US currency, which rose against other Asian currencies. Dealers said demand for the US currency from importers and fears of capital outflows by foreign funds weighed on the Indian rupee.
The dollar strengthened against other Asian currencies which also impacted rupee sentiments. The rupee had ended 22 paise higher at 46.65/66 against the dollar in previous trading.
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The dollar strengthened against other Asian currencies which also impacted rupee sentiments. The rupee had ended 22 paise higher at 46.65/66 against the dollar in previous trading.
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Fast track rail corridors in the offing for NCR
New Delhi, Dec 29 (PTI) The national capital will soon be better connected with neighbouring cities as the government is finalising dedicated rail corridors for the National Capital Region. Termed as Regional Rapid Transit System, the three busiest routes being finalised to have dedicated corridors are Delhi-Ghaziabad-Meerut, Delhi-Gurgaon-Rewari-Alwar and Delhi-Sonepat-Panipat at an estimated cost of Rs 5000 crores excluding the rolling stock.
"We will conduct a detailed feasibility study of these corridors on a priority basis," a senior Urban Development Ministry official said. Urban Development Ministry is coordinating with the Railway Ministry and state governments of Delhi, Haryana, UP and Rajasthan to constitute the NCR Transport Corporation for implementation of the dedicated corridor project.
The Centre and the State will have equal equity of 50:50 in the project. A MoU will be signed between the Centre and states shortly to form a separate company for the purpose.
Based on the ridership and growing demand, the three corridors are being finalised. While Gurgaon, Noida and Ghaziabad adjoining Delhi are already being connected with a Metro service, places like Panipat, Sonepat, Alwar and Meerut will be linked to the Capital city through the proposed rail corridors.
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"We will conduct a detailed feasibility study of these corridors on a priority basis," a senior Urban Development Ministry official said. Urban Development Ministry is coordinating with the Railway Ministry and state governments of Delhi, Haryana, UP and Rajasthan to constitute the NCR Transport Corporation for implementation of the dedicated corridor project.
The Centre and the State will have equal equity of 50:50 in the project. A MoU will be signed between the Centre and states shortly to form a separate company for the purpose.
Based on the ridership and growing demand, the three corridors are being finalised. While Gurgaon, Noida and Ghaziabad adjoining Delhi are already being connected with a Metro service, places like Panipat, Sonepat, Alwar and Meerut will be linked to the Capital city through the proposed rail corridors.
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Osmania students call for boycott of New Year celebrations
Students of Osmania University in Hyderabad on Tuesday asked people to boycott New Year celebrations in support of the Telangana statehood demand.
"We urge people to boycott New Year celebrations to press the government to take immediate steps for the formation of Telangana state," student leaders said.
They asserted that they will go ahead with the proposed massive students' convention on January 3 even as the city Police Commissioner B Prasada Rao said permission had not been given to the meeting.
The student leaders, who vowed to gather four or five lakh students for the convention, said at least one youth from every family in Telangana should attend the meet.
They had yesterday said police permission was not required for the convention 'Telangana Vidyarthi Maha Garjana' (massive roar by Telangana students).
"We need not obtain permission from the police. We need permission from our Vice Chancellor. He will definitely give the permission," they had said.
Meanwhile, tension prevailed in the Varsity campus today when police stopped a demonstration by the students.
"We wanted to convey to the police officials that illegal arrests are not fair. But we are stopped," a student leader said.
Meanwhile, Hyderabad Commissioner of Police B Prasada Rao today warned of stern action if students took to streets and disturbed normal life.
"We (police) take it seriously as they have thrown a challenge," the commissioner told reporters when his attention was drawn about the New Year celebrations boycott call by the students.
Prohibitory orders under section 144 of CrPC would be imposed from tomorrow for a week in the city in order to maintain peace and tranquility, he said.
Besides deploying police pickets, all preventive measures would be taken to maintain peace in the city, the commissioner said.
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"We urge people to boycott New Year celebrations to press the government to take immediate steps for the formation of Telangana state," student leaders said.
They asserted that they will go ahead with the proposed massive students' convention on January 3 even as the city Police Commissioner B Prasada Rao said permission had not been given to the meeting.
The student leaders, who vowed to gather four or five lakh students for the convention, said at least one youth from every family in Telangana should attend the meet.
They had yesterday said police permission was not required for the convention 'Telangana Vidyarthi Maha Garjana' (massive roar by Telangana students).
"We need not obtain permission from the police. We need permission from our Vice Chancellor. He will definitely give the permission," they had said.
Meanwhile, tension prevailed in the Varsity campus today when police stopped a demonstration by the students.
"We wanted to convey to the police officials that illegal arrests are not fair. But we are stopped," a student leader said.
Meanwhile, Hyderabad Commissioner of Police B Prasada Rao today warned of stern action if students took to streets and disturbed normal life.
"We (police) take it seriously as they have thrown a challenge," the commissioner told reporters when his attention was drawn about the New Year celebrations boycott call by the students.
Prohibitory orders under section 144 of CrPC would be imposed from tomorrow for a week in the city in order to maintain peace and tranquility, he said.
Besides deploying police pickets, all preventive measures would be taken to maintain peace in the city, the commissioner said.
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Trinamool delegation meets WB governor
Kolkata, Dec 29 (PTI) Trinamool Congress today submitted a memorandum to acting Governor Devanand Konwar, on violence in West Bengal and on alleged irregularities in the BPL list. "There is bloodshed in all districts.
Trinamool workers are being attacked. We urged Konwar that he as constitutional head of the state should ensure that West Bengal was terror free and that the BPL list error free," Leader of the Opposition Partha Chatterjee, who led a party delegation, said.
The delegation included Union Minister of State for Shipping Mukul Roy, party MLAs and Kolkata Municipal Corporation councillors.
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Trinamool workers are being attacked. We urged Konwar that he as constitutional head of the state should ensure that West Bengal was terror free and that the BPL list error free," Leader of the Opposition Partha Chatterjee, who led a party delegation, said.
The delegation included Union Minister of State for Shipping Mukul Roy, party MLAs and Kolkata Municipal Corporation councillors.
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