-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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Why Indians will continue to pay high oil prices despite lower global rates?-Suchetana Ray
-Hindustan Times Consumers pay more than 100% tax – central and state levies combined – on petrol and diesel. New Delhi: Fuel prices in India are at a three-year high, although global crude rates halved over the same period, leaving many in the country to wonder why they must continue to pay more for petrol and diesel. The central government says that because states earn more in taxes on petrol and diesel, they...
More »Why Arun Jaitley is unable to cut petrol, diesel prices -Abhik Deb
-The Times of India NEW DELHI: In the last one week or so, the government has actively turned its focus towards reviving the country's economy. On Thursday, news agency Reuters quoted government officials to report that the Centre is planning to spend up to Rs 50,000 crore to arrest the 'economic slowdown'. This report came a day after Finance Minister Arun Jaitley said that the government is considering additional measures to...
More »The Centre could provide relief from rising fuel prices by cutting taxes, but here's why it may not -Nitin Sethi and Mayank Jain
-Scroll.in The price of petrol and diesel remains as high even though the cost of importing crude oil has halved from 2011. In 2011 when the cost of oil being imported by India was averaging above $100 per barrel, the retail price that citizens paid for petrol in Delhi averaged Rs 65 per litre. But today, when the cost of importing oil is substantially lower at an average of $50 per...
More »What can be done to revive India's sluggish economic growth? Here's what five economists prescribe -Mayank Jain
-Scroll.in Hike government spending, pour money into rural areas, cut interest rates, refrain from disruptive moves like demonetisation. India’s economic growth is slowing but can the government bring it back on track? This is what Finance Minister Arun Jaitley reportedly discussed with ministers and officials Tuesday evening. While a concrete plan to address the problem is apparently being developed with Prime Minister Narendra Modi’s blessing, a section of the industry and...
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