Is it the case that the global economic downturn instead of shrinking domestic demand has affected our economy more? If the aforesaid statement is true, then ideally the trade related data should indicate improvement in our imports and deceleration in the country's exports. However, that is not the case and we get a mixed picture. A press release by the Ministry of Commerce & Industry dated 13th September, 2019 shows...
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The oil & rupee problem -Kirit Parikh
-The Indian Express A balanced approach can reduce petrol price without affecting revenues. RBI mustn’t artificially shore up rupee The Brent Crude oil price has changed from around $68/barrel in January to $70/barrel on November 9, touching a high of $86 on October 3. The rupee has also fallen from Rs 63.30 per US$ in January to Rs 70 on November 9. These fluctuations have created major policy problems for the...
More »Fuel prices hiked again; petrol now costs Rs. 86.91/litre in Mumbai -Piyush Pandey
-The Hindu The falling Indian rupee will make oil imports costlier and lead to a rise in fuel prices Mumbai: After holding on for a day, the State-owned oil marketing companies (OMCs) again increased the price of petroleum products such as petrol and diesel in the country on Thursday. The prices of petrol and diesel touched a new high on Thursday with Mumbai paying the maximum among the four metros. While petrol costs...
More »Price freeze: on high fuel prices
-The Hindu Abandoning the daily price revision of petrol and diesel sets back an important reform The price of oil has been shooting up for weeks now, with Brent Crude oil futures hitting their highest level in more than three years on Monday, at more than $75. But for two weeks now, the state-owned oil companies have kept petrol and diesel prices unchanged. Since April 24, the oil companies have abandoned the...
More »Forget fast growth, India is barely holding on. Just look at the data -Chaitanya Kalbag
-The Economic Times Those of us in our sixties, including our prime minister, will remember the goli soda. You used a little wooden gizmo to push in a marble stuck in the mouth of a bottle and guzzled the sweet, fizzy drink with the marble dancing around inside. Then you felt full and happy. But it was mostly gas. It’s feeling a lot like that these days, and PM Narendra Modi must...
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