-Newsclick.in The central government has raked in over Rs18 lakh crore from excise duties compared to Rs14 lakh crore from taxes by all state governments over the past eight years. Yet again, the government has tried to obfuscate the exorbitant petrol/diesel prices by blaming state governments. This time, it was the Prime Minister himself who blamed some Opposition-ruled states for not reducing taxes like the Value Added Tax (VAT) after the central...
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States vs Centre: Which govt. increased the Fuel tax rate? -Vignesh Radhakrishnan
-The Hindu What is the Opposition-ruled States’ stand on reduction of value added tax to bring down petrol prices? The story so far: Petrol is retailing at more than ₹100 per litre across India. While rising crude oil prices have added to the burden, the primary reason behind the steep increase in pump Fuel prices over the last few years is the gradually rising Central Government's excise duty component. Currently, for every...
More »Delhi, Punjab, UP among states hit by coal shortage, power outages likely -- Top points
-Hindustan Times In view of the shortage of coal, a dominant Fuel used to generate electricity in the country, the government halted hundreds of passenger trains. Meanwhile, state-run Coal India ramped up coal production by 27.2% in April. Several states across the country reeled under long power cuts, as hotter-than-normal temperatures pushed the electricity demand, triggering a major power crisis. According to a report by Reuters, electricity supply fell short of demand...
More »Why wheat prices are skyrocketing despite bumper stocks -Shwweta Punj
-IndiaToday.in Rising international prices of wheat and Fuel are pushing wheat prices up at home. There is also a demand for India to export wheat India’s CPI (Consumer Price Index) inflation rose to a 17-month high of 6.95 per cent in March 2022, exceeding the Reserve Bank of India’s inflation target for three consecutive months. The prices of wheat and wheat products in the country have gone up by 15-20 per cent...
More »WPI inflation rises to 14.55% in March, completes one year in double-digit territory
-MoneyControl.com The rise in wholesale inflation in March to a four-month high comes after data released on April 12 showed the more closely-tracked headline retail inflation rate jumped to a 17-month high of 6.95 percent last month India's inflation based on the Wholesale Price Index (WPI) rose to a four-month high of 14.55 percent in March from 13.11 percent in February, according to data released by the commerce ministry on April 18. The...
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