-The New Indian Express An analysis by The New Indian Express shows that it is not just petrol and diesel prices that are scalding you. Prices of edible oil, tea, and pulses have seen a double-digit growth in the last year. When the April 2021 retail inflation came down to a modest 4.29%, an attempt might have been made to communicate a false sense of relief. The real picture, though, is very...
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India’s WPI inflation rises to over 8-year high of 7.39% in March
-The Indian Express India WPI March 2021: The wholesale price index (WPI) grew 4.17 per cent during the month of February and it rose to 2.51 per cent in January, the data from the Ministry of Commerce & Industry The wholesale inflation across the country rose over an 8-year high of 7.39 per cent in March, data released by the Ministry of Commerce & Industry showed. The wholesale price index (WPI) grew 4.17...
More »Petrol, diesel price hike: RBI governor calls for reduced indirect taxes on fuel -Anulekha Ray
-Livemint.com * Central and state taxes make up for 60% of the retail selling price of petrol and over 54% of diesel * On 20 February, petrol price was hiked by record 39 paise per litre and diesel by 37 paise a litre Reserve Bank of India governor Shaktikanta Das called for reduced indirect taxes on petrol and diesel to contain the fuel prices at a reasonable level. Petrol and diesel prices in...
More »Quixplained: Why are prices of petrol and diesel rising in India?
-The Indian Express Fuel prices vary from state to state and taxes are levied on them by both central as well as the state governments. So, why are the prices of petrol and diesel rising in India? Take a look The retail price of regular petrol hit a three-figure mark for the first time across the country after it was hiked by 26 paise to Rs 100.13 a litre in Rajasthan’s Sri...
More »Gadkari launches India’s first CNG Tractor -Shreya Nandi
-Livemint.com * With this, farmers will be able to save more than ₹1 trillion annually on fuel cost, which will help them to improve their livelihood, Nitin Gadkari said * It is safer as CNG tanks come with a tight seal, which reduces the possibility of explosion while refueling or in the event of a spill, the minister said New Delhi: Union road transport and highways minister Nitin Gadkari on Friday launched India’s...
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