Petrol prices up Rs 5 per liter after Polls

Petrol-Price-Hike

According to the fresh reports from the media, just after a day when state assembly election results were announced, the central government of the country has decided to increase petrol prices by Rs 5 per liter.

The increased prices are applied from the mid-night yesterday.

Meanwhile, the central government of the country has hiked the petrol price nine times since last June. The increase is one of the highest in the past few months; it will jolt the budget of every common man.

Further, some sources have told media that the government is also planning to increase diesel and domestic gas prices in the coming week or so.

IndianOIl, Bharat Petroleum and Hindustan Petroleum have announced to increase the prices between Rs 4.99 and Rs 5.01 per liter in the national capital with effect from midnight yesterday.

In the meantime, the government has said that this is very important for us to increase the prices. The oil ministry official said that the hike in rates is must otherwise it will be hard for the government.

Inflation, IIP numbers comforting

Industrial production up 7.3% in march; inflation at 18-month low of 7.7% after four month of slow growth, industrial production growth in march beat forecasts to grow 7.3%.however, the industry remains caution about growth ahead due to rising interest rates.  

Finance Minster Prenab Mukherjee said that the comforting news on the inflation front with food inflation moderating from 8.53% to 7.70% is matched by turn-around in index of industrial production (IIP) for March 2011.mukherjee said that within     the industrial sector, the manufacturing sector with a weight of almost 80% grew 7.9%. There is also a revival in the growth of Capital goods with the index growing 12.9% after three months of negative growth, he said.

However, the FM cautioned that these weekly and monthly cycles of bad and good news must be treated without over reaction. "The good news that we have got this week both other prices front and on industrial production must not be overintrepreted, just as we must not get overly pessimistic when the economy does badly during a week or month," he said.

Now, ICC will take charge of Aus-Zim match Probe

The International Cricket Council (ICC) is now carrying out a scrutiny of the game between Australian and Zimbabwe played at the Sardar Patel Stadium in Ahmedabad.

No doubt, the defending champions won the match quite easily, ICC's anti-corruptions and security unit is looking into the match after the Aussie openers, Shane Watson and Brad Haddin played unusually slow in the first 15 overs.

The two openers put on just 28 runs in 11 overs and 53 in the first 15 when two of the three powerplays were used.

With cricket still coming to terms with the spot-fixing controversy, the ICC is not willing to take any chances. But Australia coach Tim Nielsen sees nothing wrong in the openers' slow approach.

While talking to media, Nielsen said, “I thought they played well in game one. Everyone had this perception that they went slowly. But if Zimbabwe were going to be competitive against us, they needed to take early wickets with their spinners. We're playing the way we think is the right way to play.”

I was Lucky not given out against India, says Ian Bell

The latest updates from the ICC Cricket World Cup reveals, that England batsman Ian Bell said he was lucky to be “pushed back to the crease” by the Umpire Decision Review System when he was most certainly out LBW against India in the thrilling World Cup match that ended in a tie here.

The English player hit superb 69 runs as England tied the scores after being set an imposing target of 339 by the Indians.

He survived the LBW call when he was on 17. He was given not out by the on-field umpire as he had taken quite a few strides down the pitch.

However, the Indian team then appealed against it under the UDRS but the third umpire did not change the decision as under the rules, there was a more than 2.5 metre distance between the point of impact and the stumps.

While talking to media, the English player said, “I did not know whether the rule existed. To be honest, it is strange, if you see the hawk-eye saying it is going to hit the stumps. I saw it pitching on me and hitting the stumps.”

He said, “In the Ashes series, we were getting the results on the positive side. Playing in recent times, I think, we got more decisions right than wrong. If they (ICC) change anything now during the World Cup, we have to get on with it and use it well. As I said, I was lucky as the fourth Umpire pushed me back on to the crease. I wanted to cash in on when they did that.”