-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...
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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 »India’s green push for second-generation bioethanol -Rahul Jain
-Down to Earth Could diversify feedstock basket, help secure long-term sustainability with improved economics Ethanol-blended Petrol is regarded as one of the most acceptable alternative fuel blends for transportation; however, the use of molasses and broken grains for its production raises the question of food vs fuel. Second-generation (2G) bioethanol could help to secure long-term sustainability with improved economics for the Indian biofuel market. Union Minister of State (Ministry of Science and...
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 »Merchandise exports remain flat at $33 billion in August -Vikas Dhoot
-The Hindu On conservating estimate, exports will cross $750 billion amid global headwinds, said Commerce Secretary India’s merchandise exports contracted 1.15% in August to $33 billion, while inelastic imports of Petroleum and coal remained firm, lifting imports above the $60 billion mark for the sixth successive month. The country’s goods trade deficit moderated slightly from the record $30 billion in July, but remained the second highest on record at $28.68 billion, more than...
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