-PTI New Delhi: Petrol and diesel prices in the country touched their highest levels Monday mainly due to dramatic fall in rupee and a sharp rise in crude oil rates. petrol price in Delhi rose to a record Rs 79.15 a litre and diesel climbed to a fresh high of Rs 71.15, according to price notification of state-owned fuel retailers. This follows ?a 31 paise/litre hike in prices on Monday. Rates have breached...
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Why Indian government exports petrol at half the price we pay -Anand Patel
-IndiaToday.in New Delhi: A news report actively shared on social media based on RTI reply on exports claims that India is exporting refined petrol to 15 nations at Rs 34 per litre while refined diesel is exported to 29 countries at Rs 37 per litre as per the information provided. It is being alleged that Government has levied high taxes on petroleum products making it a prized commodity for domestic consumers while...
More »Arvind Subramanian, outgoing Chief Economic Adviser to the Ministry of Finance, interviewed by TCA Sharad Raghavan (The Hindu)
-The Hindu The outgoing CEA also batted for the lateral entry of talent into the government The compensation payable to the States for revenue loss arising due to GST is just ?5,000 crore, far lower than was estimated, according to Chief Economic Adviser Arvind Subramanian. In a candid interview to The Hindu, the outgoing CEA also batted for the lateral entry of talent into the government, saying that it was a “no brainer”...
More »A broken tax chain -Arun Kumar
-The Hindu The GST’s faulty design has prevented the economy from benefiting fully from the indirect tax regime A year ago, at a special midnight session in Parliament, the launch of the goods and services tax (GST) was heralded as the new freedom. A year on, what has the GST achieved? ? One should not expect instant results. There will be many short comings when a complex reform is rolled out. But...
More »Judicial panel on Mandsaur deaths: Firing was justified, necessary -Milind Ghatwai
-The Indian Express Two protesters had died in police firing at Bahi Parswanath and three outside Pipliyamandi Police Station on June 6. Bhopal: The judicial probe constituted after six deaths and violence during farmers’ agitation in Mandsaur, Madhya Pradesh, in June last year, has given a clean chit to the police and CRPF personnel and held that firing was absolutely necessary (“nitant awashyak”) and justified (“nyaysangat”). The J K Jain Commission report, submitted...
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