-PTI/ The Hindu Inflation targeting helped in lowering volatility, level of inflation, he says Asserting that the disinvestment target of ₹1.75 lakh crore for 2021-22 was ‘eminently achievable,’ Chief Economic Adviser (CEA) K. V. Subramanian on Saturday said the proposed initial public offering (IPO) by LIC itself could garner ₹1 lakh crore for the government. He also said targeting of Retail inflation by the Reserve Bank of India (RBI) has helped bring down...
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Petrol, diesel price hike: RBI governor calls for reduced indirect taxes on fuel -Anulekha Ray
-Livemint.com * Central and state taxes make up for 60% of the Retail selling price of petrol and over 54% of diesel * On 20 February, petrol price was hiked by record 39 paise per litre and diesel by 37 paise a litre Reserve Bank of India governor Shaktikanta Das called for reduced indirect taxes on petrol and diesel to contain the fuel prices at a reasonable level. Petrol and diesel prices in...
More »Quixplained: Why are prices of petrol and diesel rising in India?
-The Indian Express Fuel prices vary from state to state and taxes are levied on them by both central as well as the state governments. So, why are the prices of petrol and diesel rising in India? Take a look The Retail price of regular petrol hit a three-figure mark for the first time across the country after it was hiked by 26 paise to Rs 100.13 a litre in Rajasthan’s Sri...
More »Overtaxation of petrol and diesel cannot be justified
-The New Indian Express Which means sometime last year, when crude was averaging $25 a barrel, petrol should have sold for Rs 50 a litre. Nearly two-and-a-half years ago, when global crude oil prices were around $75 a barrel, petrol was selling at Indian pumps for Rs 75 a litre. Today, when crude oil prices have fallen to $52 a barrel, petrol prices have hit an all-time high of Rs 86 or...
More »BoB chief warns of rising stress in Retail and small businesses -Shayan Ghosh
-Livemint.com Public sector lender Bank of Baroda (BoB) on Wednesday warned of rising stress in the coming months, possibly emanating from the Retail and small business segments as a fallout of covid-19 stress Public sector lender Bank of Baroda (BoB) on Wednesday warned of rising stress in the coming months, possibly emanating from the Retail and small business segments as a fallout of covid-19 stress. “The kind of stress we are seeing now...
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