Can't keep changing fuel prices on knee-jerk basis: Pradhan

Petroleum minister Dharmendra Pradhan today said that thegovernment will not ask state-run companies to absorb the price rise in petroland diesel and will stick to market driven pricing system. He added thatshifting to GST regime will be only way to have a transparent tax structure onfuel items.This came after reports suggested that government may askoil marketing companies like Indian Oil Corporation (IOC), Bharat PetroleumCorporation (BPCL) and Hindustan Petroleum Corporation (HPCL) to absorb thehike in prices. The shares of BPCL, HPCL and IOC closed 6.23 per cent, 5.06 percent and 4.28 per cent down at Rs 500.35, Rs 457 and Rs 416.15, respectively atBombay Stock Exchange on Wednesday's trade. "The government has no business to interfere in theday-to-day affairs of companies. We have linked the product prices to marketand will stick to that," Pradhan said. The minister added that the globalprices will ease out very soon comforting the consumers. "A knee-jerkreaction is not required .

India News - Latest Headlines

Bengal Minister`s brother swept away in river during religious ritual

Bengal Minister`s brother swept away in river during religious ritual
(Mid-Day) 9 hours 3 min ago
Representational picture Kolkata: The elder brother of West Bengal Law and Labour Minister Moloy Ghatak is believed to have been swept away while performing a ritual in Damodar river in West...

Telangana women burn `poor quality` saris given as gifts

Telangana women burn `poor quality` saris given as gifts
(Mid-Day) 9 hours 10 min ago
Women burn saris in Hyderabad yesterday. Pic /PTI The free distribution of over one crore saris for women below the poverty line for the upcoming traditional 'Bathukamma' festival began across...

Mulund residents upset as BMC goes back on promise to restore playground

Mulund residents upset as BMC goes back on promise to restore playground
(Mid-Day) 9 hours 18 min ago
The play area dug up Angry residents of Mulund East are in a head-on clash with the civic body after a gaping hole filled with water in the area's only playground has not been filled despite the...

`Charismatic` Sushma Swaraj Ivanka Trump talk empowerment

`Charismatic` Sushma Swaraj Ivanka Trump talk empowerment
(Mid-Day) 9 hours 46 min ago
US President Donald Trump's daughter and adviser Ivanka Trump and EAM Sushma Swaraj also discussed the former's forthcoming visit to India in November. Pic/ Indian Embassy US on Twitter US...

Ritabrata Bandhopadhyay Is Only a Symptom of the Disarray Within CPI(M)

Ritabrata Bandhopadhyay Is Only a Symptom of the Disarray Within CPI(M)
(The Wire) 10 hours 17 min ago
The upheaval the CPI(M) is going through in West Bengal can be attributed to a split in the central and state party lines. Unless resolved, this could lead to further outbursts from party members....

What Role Will India Play in the Humanitarian Crisis South Asia Is Facing?

What Role Will India Play in the Humanitarian Crisis South Asia Is Facing?
(The Wire) 10 hours 30 min ago
Ambassador Vijay Nambiar, Amy Kazmin and Kabir Taneja discuss the Rohingya crisis with Maya Mirchandani. Maya Mirchandani: The Rohingya issue is something that has been dominating the headlines,...

Violence During Bandh Brings Arunachal Pradesh to a Standstill

Violence During Bandh Brings Arunachal Pradesh to a Standstill
(The Wire) 10 hours 35 min ago
In the state capital, protesters damaged several vehicles including torching a state transport bus and a private vehicle during morning hours. Credit: Reuters Itanagar: Violence marred proceedings as...

Who Will Shatter the Conspiracy of Silence Around Those Displaced By the Sardar Sarovar Project?

Who Will Shatter the Conspiracy of Silence Around Those Displaced By the Sardar Sarovar Project?
(The Wire) 11 hours 30 min ago
Affected people who owned property are still awaiting proper rehabilitation, while others are not even being recognised as affected. https://i2.wp.com/thewire.in/wp-content/uploads/2017/09/Modi-...

Mumbai: MSF staff go on flash strike at Ghatkopar metro station

Mumbai: MSF staff go on flash strike at Ghatkopar metro station
(Mid-Day) 11 hours 49 min ago
Protesting MSF staff. Pic /Rajesh Gupta The Maharashtra Security Force (MSF), which provides security to Mu­mbai Metro and key civic hospitals, went on a flash strike this morning, taking authorities...