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Thursday Evening News Brief, May 17

May 17, 2018
Thursday evening brief May 17 2018
Good evening!
Here’s everything that transpired during the course of the day…
Opposition parties have demanded that the governors of Goa, Bihar, Meghalaya & Manipur invite them to stake claim to the government. This comes a day after Karnataka governor Vajubhai Vala invited BJP, the single-largest party, to form a government in the state. While the Congress announced it will be meeting Goa governor Mridula Sinha to ask him to invite the party to stake claim to the government, RJD leader Tejashwi Yadav also asked the Bihar governor Satya Pal Malik to dissolve the assembly and invite his party to form a government in the state. Read more
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BJP leader BSY Yeddyurappa was today sworn-in as the chief minister of Karnataka. Angered at the swearing-in, Congress MLAs staged a protest outside Karnataka’s Vidhan Soudha, before returning to the Eagleton Resort at Bidadi, where they are holed up. The Congress-JD(S) combine is up in arms over Governor Vajubhai Vala’s move to invite Yeddyurappa to form the government as well as his decision to grant 15-days to him for proving majority in the assembly.
The BCCI has not done ‘enough’ to market Test cricket, former India opener Gautam Gambhir has said. “I don’t think BCCI has marketed Test cricket as well as they have done with ODIs and T20s. I remember a Test match at Eden Gardens against West Indies (in 2011). India batting on the first day and there were 1000 people. Imagine Virender Sehwag, Sachin Tendulkar, VVS Laxman playing and there are only 1000 people,” the two-time World Cup winner said.
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A Rs 4 per litre increase in petrol and diesel prices is in the offing if state-owned fuel retailers are to return to pre-Karnataka poll hiatus margin levels, brokerage firms have said. Our computation suggests that downstream oil marketing companies (OMCs) are required to increase retail prices of diesel by a steep Rs 3.5-4 a litre and gasoline (petrol) by Rs 4-4.55 per litre in the coming weeks to earn normative gross marketing margins of Rs 2.7/litre, Kotak Institutional Equities said in a report.
Land acquisition woes are thwarting India’s mega refinery plan worth $44 billion with the world’s top oil producer Saudi Aramco. Thousands of farmers oppose the refinery and are refusing to surrender land, fearing it could damage a region famed for its Alphonso mangoes, vast cashew plantations and fishing hamlets that boast bountiful catches of seafood. The huge project was touted as a gamechanger for both parties – offering India steady fuel supplies and meeting Saudi Arabia’s need to secure regular buyers for its oil.
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