In order to immunize the finances of Indian Railways from the diesel price hike, industry body Assocham asked government to allow the public sector undertaking to import and refine its own crude oil. By importing and refining crude oil by itself, the Indian Railways can avoid paying about 20-25 percent sales and other local taxes on diesel. The Railways, run as a
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Ministry to discuss setting up of regulator
Union road ministry would soon discuss the proposal to form a regulator for the road and transport sector. After internal discussion, the road ministry would approach the cabinet for approval. The initiative in this regard is restarted in the wake of the recent move by some private companies exiting the projects on account of delay in