-The Hindu Business Line Only ₹242 crore was transferred as LPG subsidies in FY22 compared to ₹37,209 crore in 2018-19, shows data The amount of money disbursed as LPG subsidy by the Centre has been steadily coming down since 2019-20. According to the Ministry of Petroleum and Natural Gas, only ₹242 crore was transferred as LPG subsidies in FY22 compared to ₹37,209 crore in 2018-19. This was when the maximum number of...
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Cylinder, subsidy give-outs on a downhill since FY20 -Parvathi Benu
-The Hindu Business Line Only ₹242 crore was transferred as LPG subsidies in FY22 compared to ₹37,209 crore in 2018-19, shows data The amount of money disbursed as LPG subsidy by the Centre has been steadily coming down since 2019-20. According to the Ministry of Petroleum and Natural Gas, only ₹242 crore was transferred as LPG subsidies in FY22 compared to ₹37,209 crore in 2018-19. This was when the maximum number of...
More »Is crude, edible oil inflation relief on the cards for India? -Roshan Kishore
-Hindustan Times The fuel and energy basket sub-component has a share of 6.84% in the CPI basket. For oil and fats (edible oil) sub-category, this share is 3.56%. A simple calculation using the weighted share of these two sub-components shows that they have been a key driver of headline inflation in the past few months. India’s benchmark inflation rate, as measured by the Consumer Price Index (CPI) has been above the 6%...
More »Country's trade gap at all time high of USD 26 billion
-The Telegraph The finance ministry has warned that the current account deficit will deteriorate in 2022-23 because of costlier imports and tepid exports on the merchandise account The country’s trade deficit touched an all-time high of $26.18 billion as imports expanded 57.88 per cent to $66.31 billion in June because of a doubling of oil imports and a spike in the inflow of coal, gold, electronic goods and chemicals. The finance ministry has...
More »Why India’s trade deficit rose to a record high in June -MG Arun
-IndiaToday.in Higher import values of crude and Petroleum products, coal, coke and electronic goods have contributed to the rise India’s trade deficit—the difference between the value of its imports and exports—rose to a record $25.6 billion this June (about Rs 2 lakh crore), almost three times the figure for the same month last year ($9.61 billion, or about Rs 76,000 crore). The spike was primarily driven by the import cost of Petroleum,...
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