The petrol price in Delhi is all set to go down by 92 paise per litre from Rs. 71.16 as the Delhi Budget, which carried the proposal of waiving off the Value Added Tax on the recently-hiked price of the fuel, was passed by the Assembly on Monday. Besides, the Government has also dropped the proposal to impose five per cent VAT on compressed natural gas and high value textiles.

Delhi's new age transport system is going green, with the Delhi Metro Rail Corporation planning to tap solar power in some of its facilities. The initiative announced to coincide with the World Environment Day, will help generate renewable energy and reduce DMRC's dependence on non-renewable sources of power.

Initially, solar panels are to be installed at the Karkarduma and Noida Sector 21 stations and the Yamuna Bank depot to capture solar energy which will be converted to electricity using appropriate technology. In addition, the Delhi Metro plans to harness solar energy at elevated metro stations, in depots and in open areas of the stations.

A Delhi High Court order on Friday, stating that the Petroleum and Natural Gas Regulatory Board (PNGRB) does not have the power to fix gas rates, gave a big relief to city gas distribution company Indraprastha Gas Ltd (IGL).

Following the favourable ruling, IGL shares surged 28.7 per cent, or Rs 55.60, to close at Rs 249.35 on Friday. The order ends two months of uncertainty over the company’s profitability and prospects.

Terming as “justifiable” the government’s move to impose five per cent Value Added Tax (VAT) on CNG, the fuel on which the public transport runs in the city, chief minister Sheila Dikshit has ruled out any rollback of the increased price of the fuel. “We will not withdraw the VAT on CNG. We have levied only five per cent VAT on the fuel and that is justifiable,” Ms Dikshit said.

The chief minister had, while presenting the Budget on May 28, proposed to impose the VAT on compressed natural gas (CNG) to generate around `110 crores in revenue while withdrawing VAT on petrol after a nation-wide hike in its price. The Delhi Assembly will take up the Budget for approval on Monday.

The Delhi Metro Rail Corporation has gone underground again, but this time it is to provide an efficient parking system at the Delhi High Court premises.

On Wednesday, Supreme Court Judge D. K. Jain and Delhi Chief Minister Sheila Dikshit inaugurated an automated underground multi-level car parking with a capacity to hold 1,467 cars. Visitors to the Delhi High Court premises can now avail of the facility. The parking lot has five levels -- the first basement is the entry and exit level where the car owner leaves his vehicle in one of the 20 lifts available.

Farmers, whose land was acquired at a meagre Rs.

All vehicles will once again be allowed to ply on the lanes reserved for buses on the city’s BRT corridor after the Delhi high court’s directive to the government on Wednesday calling for opening the stretch to all vehicles for smooth flow of traffic.

The court asked the city government to continue with this arrangement made by the Central Road Research Institute (CRRI) during the experimental trial run of Bus Rapid Transit (BRT) corridor between Ambedkar Nagar and Moolchand from May 12 to May 23 till it gives a final order on the issue

Protesting against the proposed imposition of 5 per cent Value Added Tax on Compressed Natural Gas announced by Chief Minister Sheila Dikshit in the Delhi Budget 2012-13, the Bharatiya Janata Party members walked out of the Delhi Assembly on Tuesday.

As soon as Question Hour began, Leader of Opposition V. K. Malhotra raised the issue of an alleged “leak” of the Budget papers and charged that some television channels had shown Delhi Government officials reading from the document while the Chief Minister was still presenting it in the House.

From “development with a human face” in the 12th Five Year Plan, Delhi will be moving towards becoming a “good, productive and caring city” in the 12th Plan that begins in 2012, Chief Minister Sheila Dikshit said as she presented the Delhi Budget for 2012-13 in the Assembly on Monday.

Noting that in the years ahead special attention will be paid to the qualitative improvements of the vastly upgraded infrastructure, Ms. Dikshit said the city will also fulfil the needs of the productive and creative citizenry by looking at their training, skill up-gradation and financing needs.

The first allotment of the 500 houses for the Economically Weaker Section, constructed under the Jawaharlal Nehru National Urban Renewal Mission, will start soon and continue till all the nearly-15,000 houses had have allotted to jhuggi-jhopri cluster households.

Apart from this, the Delhi Government said in the Budget, presented by Chief Minister Sheila Dikshit, that it had invested Rs.2,597 crore till March 2012 in regularisation of unauthorised colonies for providing basic civic services therein.