June 9: Artist Husain RIP
June 9: Artist Husain RIP
Maruti's A-Star hatchback model is seen in New Delhi
A strike at car maker Maruti Suzuki's Manesar plant entered its fifth day on Thursday, causing a production loss of 4,200 vehicles, a company spokesman said.
He said Maruti, which sells every second new car in India, was continuing talks with the workers at the Manesar plant that makes about 1,200 vehicles a day, including the hatchbacks Swift and A-Star models and the DZiRE and SX4 sedans.
Around 800 workers began the strike on Saturday demanding the recognition of a new union -- Maruti Suzuki Employees Union. At present, Maruti has one workers' union that is recognized by the management.
A vendor loads empty Liquefied Petroleum Gas (LPG) cylinders onto a truck in Mathura
The government needs to raise prices of subsidised fuels to achieve the budgeted fiscal deficit target of 4.6% of GDP for the current fiscal year to end-March 2012, the Prime Minister's economic adviser C Rangarajan said on Thursday.
New Delhi has budgeted a fuel subsidy bill of $5.2 billion for 2011-12, assuming oil prices below $100 per barrel. Oil prices are near $118 a barrel after OPEC members on Wednesday failed to agree to raise output.
Analysts say an increase in prices of diesel, kerosene and cooking gas will help the government cap its subsidy bill, as every $10 increase in oil prices has the potential of increasing the fiscal deficit by around 0.2% of GDP.
A file photo shows artist Maqbool Fida Husain working on a sketch of Karachi's National stadium during an ODI match between India and Pakistan February 19, 2006.
MF Husain, India's best known painter, died on Thursday at age 95, a close friend of the artist told Reuters.
"He died of old age. It happened early this morning," said Munna Zaveri, a friend of Husain for 40 years, before leaving for London. "He was in hospital for some time and was supposed to come home today or tomorrow but his condition worsened."
Dubbed the "Picasso of India", Husain's work is a blend of cubism and classical Indian styles that fetches millions of dollars on international art markets.
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