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Written by fe Bureau | Updated: Jul 30 2010, 04:46am hrs
Ration shop owners to go on strike on July 30

In protest against acute shortage in supply of foodgrain for the public distribution system (PDS), All India Fair Price Shop Dealers Federation has decided to go on a nation wide strike on July 30. The drastic cut in central governments allotment of foodgrain and cereals to states has made the their job difficult, the federation said on Wednesday.

Oil slips to $77

Oil fell more than $1 towards $76 per barrel on Wednesday after economic and industry data fuelled doubts over the pace of recovery in energy demand and government figures showed a big rise in US crude oil stocks. The US Energy Information Administration (EIA) reported crude oil stocks rose 7.31 million barrels last week as imports jumped. The EIA also said gasoline and distillate stocks rose, though not as much as had been projected.