-Economic and Political Weekly The central government’s flagship programme to provide free liquefied Petroleum gas connections has been in operation for two years, providing more than 3.5 crore free LPG connections to poor women. This much-needed scheme is a major step to reduce indoor air pollution, drudgery faced by women, and one that promises to extend LPG access. However, little is known about the progress of the scheme. Has it led...
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Duty may be cut to cool fuel prices
-The Times of India NEW DELHI: Oil minister Dharmendra Pradhan on Sunday raised hopes of the government cutting excise duty to soften the impact of oil prices as petrol and diesel prices hit historic highs on Sunday with state-run fuel retailers racing to catch up with current market rates after freezing pump prices for 19 days ahead of the Karnataka election. "The Centre is sensitive towards the rising fuel prices. Various alternatives...
More »How State budgets will fare if petrol, diesel are brought under GST -Rohan Abraham
-The Hindu While consumers will be glad to see their fuel bills slashed by the advent of a favourable rate structure under the GST, State governments will have to contend with an erosion in tax revenue. At the time of writing, petrol was retailing at Rs.82.48/litre in Mumbai, roughly 62% more than the Rs.50.8/litre Pakistanis shell out for a tank of gas. This is despite the fact that crude oil prices are...
More »India Braces for Oil Blowback as Trump Set to Announce Decision on Iran Deal -Noor Mohammad
-TheWire.in If Trump carries out his threat of pulling the US out of the deal and re-imposes sanctions on the Persian Gulf country, oil prices could start soaring, hitting India and other major crude importers hard. New Delhi: The global oil market is waiting with bated breath for US President Donald Trump’s next move on the Iran nuclear deal, expected to be announced on Tuesday, four days ahead of the May 12...
More »The misery of farmers in the midst of plenty -Himanshu
-Livemint.com For the first time during the tenure of the present government, overall inflation of food articles is negative, implying a decline in prices Last week the India Meteorological Department (IMD) presented its first forecast for the monsoon this year. The forecast at 97% of the long period average (LPA) suggested yet a third year of normal monsoon rains, following 2016 and 2017. This should have ideally brought cheer to farmers struggling...
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