-Livemint.com While CSO’s GDP growth estimates will be a disappointment, it will very likely be explained away soon as the market tries to find new and innovative reasons to extend the rally For a few quarters, take all year-on-year (y-o-y) growth figures about the Indian economy with a pinch of salt. That’s because they will now be boosted due to the favourable effect of a low base. Since demonetisation and the introduction...
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Congress puts govt on mat for refusal to cut fuel tax as prices soar -Sanjay Dutta
-The Times of India NEW DELHI: At a time when fuel prices are shooting through the roof due to increasing global oil prices, the Congress on Thursday put the government on the mat for not providing relief by passing on the benefit of money it has mopped up by raising excise duty on petrol and diesel. Raising the issue of increasing pump prices in Parliament, the leader of the Congress in the...
More »Nervous over rising crude, government ends monthly LPG price hike -Sanjay Dutta
-The Times of India NEW DELHI: In a clear indication of the nervousness over rising oil prices evoking popular anger, the government has asked state-run fuel retailers to stop raising the price of subsidised cooking gas cylinders by Rs 4 a month. The order was issued in October, around the same time the government cut excise duty on petrol and diesel by Rs 2 per litre to stave off rising consumer anger...
More »NITI Aayog working on policy to cut oil bill by $100 billion
-PTI NEW DELHI: The government is working on a policy to bring down the annual oil import bill by $100 billion by 2030 through extensive use of methanol in cooking gas and transportation fuel, union minister Nitin Gadkari told Lok Sabha on Thursday. The government was "shortly" going to implement a scheme under which 15 per cent methanol will be blended with petrol and which will reduce the cost of the fuel...
More »Retail inflation surges to 15-month high of 4.88% on food price, breaches RBI target
-The Times of India NEW DELHI: Consumer price inflation (CPI), or retail inflation as it is better known, for the month of November stood at 4.88 per cent with comparison to 3.63 per cent during the corresponding period last year. The government data revealed on Tuesday shows that the inflation rate has surged to 15-month high. The previous high was recorded at 5.05 per cent in August last year. November's inflation numbers...
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