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'Oil cos losing Rs 1,000 crore a day': Hike in prices imminent, hints Petroleum minister Puri
HABER
13.05.2026

'Oil cos losing Rs 1,000 crore a day': Hike in prices imminent, hints Petroleum minister Puri

Public sector oil companies are facing daily losses of Rs 1,000 crore, potentially forcing fuel price hikes soon. Minister Hardeep Singh Puri highlighted significant under-recoveries, warning that companies cannot sustain these losses indefinitely. While elections are not the reason for the freeze, a drop in crude prices or reopening of the Strait of Hormuz could offer relief.

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Times of India
West Bengal govt sacks nominated board members, scraps service extensions beyond age 60
HABER
11.05.2026

West Bengal govt sacks nominated board members, scraps service extensions beyond age 60

In a separate direction, the state government also asked departments to discontinue the re-employment and service extensions granted to officers and officials who continued beyond the usual retirement age of 60 years. "The government has issued an order to take necessary action to immediately terminate the tenures of the nominated members, directors, or chairpersons of different boards, organisations, non-statutory bodies and public sector undertakings of the state government," a senior bureaucrat said.

T
Times of India