-The Hindu While consumers will be glad to see their fuel bills slashed by the advent of a favourable rate structure under the GST, State governments will have to contend with an erosion in tax revenue. At the time of writing, petrol was retailing at Rs.82.48/litre in Mumbai, roughly 62% more than the Rs.50.8/litre Pakistanis shell out for a tank of gas. This is despite the fact that crude oil prices are...

-PTI Oil PSUs, who had kept rates unchanged for nearly three weeks before Karnataka went to polls despite input cost spiking, reverted to daily revision in prices on Monday New Delhi: After a 19-day pre-Karnataka poll hiatus, petrol price was today hiked by 17 paise a litre and diesel by 21 paise as PSU oil firms began passing on the spike witnessed in international rates to consumers. Petrol price in Delhi was hiked...

-Livemint.com China’s example shows the benefits of the rural workforce shifting from the farm to the non-farm sector The government announced its ambitious dream of doubling farmers’ income by 2022-23 in 2015-16. Incomes would have to grow annually by 10.4% to double in seven years. The data on growth rates of farm income given by NITI Aayog in its policy paper on doubling farmers’ income shows that the real income of farmers has...

-The Hindu Abandoning the daily price revision of petrol and diesel sets back an important reform The price of oil has been shooting up for weeks now, with Brent crude oil futures hitting their highest level in more than three years on Monday, at more than $75. But for two weeks now, the state-owned oil companies have kept petrol and diesel prices unchanged. Since April 24, the oil companies have abandoned the...

-PTI New Delhi: A fortnight before Karnataka goes to polls, PSU oil firms have stopped revising petrol and diesel prices although benchmark international rates have gone up by almost $2 per barrel. The daily price notification issued by oil firms showed that petrol and diesel prices have been static since April 24. This is despite the benchmark international rate for petrol going up from $78.84 a barrel, which was cited for raising the...