-PTI/ The Telegraph The levy on crude down to Rs 1,700 per tonne from Rs 4,900, as per order coming into effect Friday New Delhi: The government has slashed the windfall profit tax levied on domestically-produced crude oil as well as on export of diesel and ATF following a drop in global oil prices, according to an official order. The levy on crude oil produced by companies such as Oil and Natural...
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How fuel prices become mysteriously stable just before elections. Here’s data since 2020 -TCA Sharad Raghavan
-ThePrint.in In recent years, fuel prices have been kept static for weeks before assembly polls, only to be changed soon after. However, there's no clarity over who's deciding the prices. New Delhi: Rising oil prices have meant that the Modi government is increasingly abandoning a dynamic pricing reform it had adopted in 2017 and is now exerting more control over fuel prices. Troublingly, government data shows that fuel prices are being kept...
More »What is in store for India’s imports?
There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its foreign exchange reserves. The country has faced a widening of its merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...
More »Monetary Policy Alone Inadequate To Tame Inflation -Dr. Amar Patnaik
-NDTV.com At a time when Consumer Price Index (CPI) inflation has remained above RBI's upper tolerance level of 6% for seven consecutive months and the WPI inflation rates are at the highest levels since January 2007, it is good that the issue was finally discussed in parliament and the RBI's recent rate hike signals recognition of the concern. However, during the debate in the parliament, the Treasury bench largely took a...
More »Fuelling problems: India’s poor are being forced to return to unclean cooking fuels; here’s why -Seema Prasad
-Down to Earth With LPG prices crossing the Rs 1,000-mark, the poor now have to make unfair choices about their basic standard of life Farm labourer Mahadesha from Karnataka, groundnut farmer R Chandrashekharreddy from Andhra Pradesh, homemaker Geeta from Haryana and slum dweller Naresh from Ghaziabad are facing the same dilemma. The cost of a liquified petroleum gas (LPG) cylinder has crossed over Rs 1,000 on the back of regular price revisions...
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