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Union Shipping Minister G K Vasan meets PM, presses for boycott of CHOGM Summit
Shipping giants warn ports and trucks co...

Shipping giants warn ports and trucks could hold up deliveries and push up ...

Shipping giants warn ports and trucks could hold up deliveries and push up prices ## Supply Chain Strain: Congestion at Ports and Inland Networks Threatens Global Deliveries and Consumer Costs **Global trade continues to navigate a complex landscape of robust demand and persistent logistical... read more »

In a move that is likely to have a spiralling impact on the cost of travel for the common man, public transport and other related areas, Indraprastha Gas Limited (IGL) on Thursday announced a steep hike of Rs. 4.50 paise per Kg in the price of compressed natural gas (CNG), the second successive hike in three months. In a related move that could hurt the household budgets, IGL also hiked the price of cooking piped gas to kitchens by Rs. 5.15 per Kg with effect from Thursday midnight. Under the new pricing regime, CNG will cost Rs. 50.10 per Kg in Delhi and Rs. 56.70 per Kg in Noida, Greater Noida and Ghaziabad, IGL said in a statement in New Delhi. The price of piped natural gas (PNG) to the households in Delhi is being revised from Rs. 27.50 per standard cubic metre to Rs. 29.50 per scm up to consumption of 30 scm in two months. Beyond consumption of 30 scm in two months, the applicable rate in Delhi would be Rs. 52 per scm. Due to differential tax structure in Uttar Pradesh, the applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs. 31 per scm up to consumption of 30 scm in two months, which has been increased from existing Rs. 29 per scm. Beyond consumption of 30 scm in two months, the rate applicable in these cities would be Rs. 54 per scm. CNG price was last revised in September when it was hiked by a hefty Rs. 3.70 per kg. Price of CNG sold to automobiles in Delhi then increased from Rs. 41.90 to Rs. 45.60 per kg. Also at that time, the price of piped cooking gas, called PNG, for households has been hiked from Rs. 24.50 per scm to Rs. 27.50 per scm. The statement said the increase was primarily due to increase in input cost as a result of reallocation of domestically produced gas quantities by the government for all city gas distribution companies across the country. “There has been a reduction in allocation of APM gas to us, which is forcing us to source more quantity of market priced imported R-LNG, whose prices are currently on an upswing. This has affected our overall input cost by over 13 per cent. There has also been an increase in the operating expenses including increase in minimum wages announced by the government with effect from October 2013,” the statement added. Government reallocated domestic gas allocations to all city gas distribution companies across the country as a fall out of a recent court order. All the earlier gas allocations had been cancelled and the revised allocations now also include PMT gas, which is priced higher than APM gas. “In terms of volume, there has been nearly 5 per cent decrease in the overall quantity of domestic gas allocated to IGL for Delhi, Noida, Greater Noida and Ghaziabad. The reduction in allocation as well as increase in demand is forcing IGL to source much higher priced imported R-LNG. The prices of R-LNG have been on the rise recently and therefore, new R-LNG quantities are available in the market at much higher prices than the existing ones,” the company said. However, the company said the increase would not have a major impact on the per km running cost of vehicles. For autos, the increase would be 13 paise per km, for taxi it would be 22 paisa per Km and in case of buses, the increase would be Rs. 1.30 per km, which translates to just over two paisa per passenger-kilometre.
Nearly 4 million Afghan children acutely...

Nearly 4 million Afghan children acutely malnourished

Nearly 4 million Afghan children acutely malnourished ## Afghanistan Faces Escalating Child Malnutrition Crisis Amidst Funding Shortfalls **Kabul, Afghanistan –** A stark reality is unfolding across Afghanistan, where an alarming number of children are facing acute malnutrition, a situation... read more »

England scrap midnight curfew after seve...

England scrap midnight curfew after seven months

England scrap midnight curfew after seven months ### Root Lifts Curfew as England Cricket Embraces New Era **London, UK** – England’s Test cricket squad will no longer be subject to a midnight curfew, a significant policy shift implemented by newly appointed captain Joe Root. The stringent... read more »

World's biggest tower block with fl...

World's biggest tower block with flats to rent for 167 a month –...

World's biggest tower block with flats to rent for 167 a month – but there's a catch **Gigantic Residential Tower in China Offers Unprecedented Affordability Amidst Unique Circumstances** Hangzhou, China – A colossal residential complex in Hangzhou, China, has garnered attention... read more »

Woman who survived horror nightclub explosion says burns are 'best things in my life&...

Woman who survived horror nightclub explosion says burns are 'best things in my life' ## Survivor Finds Unforeseen Strength Following Devastating Nightclub... read more »

Parliament passes Lokpal Bill, Anna Hazare celebrates

Turkiye passes law giving thousands of PKK members chance at amnesty

Turkiye passes law giving thousands of PKK members chance at amnesty ## Ankara Unveils Pathways for Disarmament and Societal Reintegration of PKK Cadres **Ankara, Turkey** – In a... read more »

How tweaking `hybrid vigor` gene generates higher tomato crop yields

Treasury yields inch lower as investors look ahead to key inflation data

Treasury yields inch lower as investors look ahead to key inflation data ### Market Anticipates Inflation Figures as Treasury Yields Soften **Washington D.C.** – U.S. Treasury yields... read more »

Neymar scores first hat-trick as Barca crushes Celtic in Champions League

Brazilian player falls into tunnel celebrating goal

Brazilian player falls into tunnel celebrating goal ## Unforeseen Descent: Brazilian Footballer’s Celebratory Leap Takes Unexpected Turn **A moment of unbridled joy on the football... read more »

Suspected Irish gang boss Daniel Kinahan charged with directing o...

Suspected Irish gang boss Daniel Kinahan charged with directing organised crime group **Alleged Crime Lord Extradited to Ireland Amidst High-Security Operation** In a significant development in the... read more »

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