-Livemint.com While investment demand was anyway weak when the NDA came to power in 2014, private consumption has also started decelerating due to demonetisation New Delhi: The National Democratic Alliance (NDA) won a landslide in the 2014 general election with the promise of fast-tracking economic growth and creating jobs. It replaced the Congress-led United Progressive Alliance (UPA) government that was mired in corruption scandals and had mismanaged the economy. Three years on,...
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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 »'Need revenue for public spending,' says Arun Jaitley on high petrol, diesel taxes
-PTI 'If public spending is slashed, it will mean cutting down expenditure on social sector scheme." There is hardly any private investment,' explained Finance Minister Arun Jaitley. Finance Minister Arun Jaitley provided no indication today of any cut in excise duty on petrol and diesel to cushion the spike in rates, saying that the government needs revenue to support public spending without which growth will suffer. States levy a high amount...
More »With prices Rising Post-GST, Has the Government Taken the Public for a Ride? -Arun Kumar
-TheWire.in The Goods and Services Tax (GST) is awfully complex and has confused not only businesses and the public, but also the government. Have prices of goods and services risen because the implementation of the Goods and Services Tax (GST) is faulty or because it was not designed properly? Eighteen percent GST is levied on the food in a restaurant. This has raised the cost of eating out. Is this what was...
More »As Bangla imports surge, rice becomes costly -Abhishek Law & Pratim Ranjan Bose
-The Hindu Business Line The prices of common rice varieties in West Bengal have increased by 10-20 per cent at the miller’s end in recent weeks. Bangladesh has imported 600,000 tonnes in the last five weeks Kolkata: Panic over potential foodgrain shortfall and opportunistic trading in Bangladesh have sent the price of rice soaring on both sides of the border. Over the last three weeks, the price of common rice varieties in West...
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