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Price
rise not the only reason for poll debacle in States: Sonia
New Delhi: Congress president Sonia Gandhi said factors
like price rise might have had an impact for her party's
defeat in Punjab and Uttarakhand.
Sonia
Gandhi said that in spite of sound all-round development,
the Congress was unable to retain power and while objective
factors such as the price rise may have had an impact,
there were other reasons as well.
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Oil
imports soar to over 91mn tonne
New Delhi: India's crude oil imports have risen 14
pc to 90.68 million tonne this fiscal as domestic demand
for petroleum products increased 5.3 pc.
According
to the latest Petroleum Ministry data, crude oil imports
in April-January 2006-07 increased to 90.682 million tonne
from 81.323 million tonne a year ago.
Last
fiscal India imported 99.409 million tonne of crude oil
form Rs 171,702 crore ($38.776-billion). The April-December
2006 crude oil imports of 81.597 million tonne cost Rs
166,843 crore ($36.560-billion).
India's
petroleum product consumption rose 5.3 pc to 98.536 million
tonne in April-January as diesel demand grew a healthy
6.7 pc to 35.421 million tonne.
The
growth trend continued in January too with both petrol
and diesel recording over 8 pc growth.
Officials
said the Supreme Court ruling on banning overloading of
trucks has led to increased demand from the transport
sector.
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FDI
liberalization may be delayed
New Delhi: The government has postponed the annual
review of the FDI policy and regulations. This year's
review was expected to result in the opening up of various
areas, including commodity markets to FDI. The Department
of Industry Policy & Promotion (DIPP) was also planning
to open up some segments like sports goods, electric equipment
and electronics to foreign investment.
The
review of the FDI policy was due in March 2007, but it
has been postponed due to the on-going Parliament session,
government sources said. The review would now be conducted
when the Parliament goes into recess from March 21 to
April 18. The FDI review would take into account experiences
of the past one year, sources added.
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