-PTI Inflation in 'fuel and power' basket in September was 16.65 per cent Inflation based on wholesale prices rose to a two-month high of 5.13 per cent in September, mainly due to hardening of food prices and rise in cost of petrol and diesel. The Wholesale Price Index (WPI) based inflation stood at 4.53 per cent in August and 3.14 per cent in September last year. According to the government data released Monday, food...
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Modi has betrayed farmers on MSP for rabi crops: AIKS
-The Hindu Business Line New Delhi: The Narendra Modi government has betrayed farmers on its promise of providing remunerative minimum support prices (MSP) by announcing floor prices for rabi crops for 2018-19 far below the promised C2+50 per cent, All India Kisan Sabha (AIKS) said on Thursday. “What is notable is that this comes just after the much-hyped claims after farmers’ protests on Tuesday that the BJP will address all concerns of...
More »Rs 15/litre diesel price hike burns a big hole in farmers' pockets -Anju Agnihotri Chaba
-The Indian Express But it may give a boost for S-SMS/Happy Seeder technology adoption to prevent paddy straw burning Jalandhar: Thakur Dyal Singh has never in the past raised the rates for operation of his combine harvester in farmers’ fields by more than Rs 100 per acre. Till around 2012-13, he was charging Rs 800-1,000 for harvesting, threshing and cleaning their paddy or wheat crop from one acre using his machine. In...
More »Oil marketing companies again hike petrol, Diesel prices
-The Hindu The prices of petrol and diesel touched a new high on Sunday with Mumbai paying the maximum among the four metros. Mumbai: State owned oil marketing companies (OMCs) have again increased the price of sensitive petroleum products like petrol and diesel in the country on Sunday. The prices of petrol and diesel touched a new high on Sunday with Mumbai paying the maximum among the four metros. While petrol costs ? 89.29...
More »As Consumers Reel from High Fuel Prices, OMCs Make a Killing Off Inventory Gains -Noor Mohammad
-TheWire.in Indian Oil, BPCL and HPCL together made inventory gains of over Rs 12,000 crore in the April-June 2018 quarter alone as the price of crude rallied. New Delhi: Indian consumers of petrol and diesel may be reeling under high prices but oil marketing companies (OMCs) and the government are having a great time. The three state-owned companies – Indian Oil, BPCL and HPCL – together made inventory gains of over Rs 12,000...
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