-Newsclick.in The oil marketing companies are arguing that the continuous increase in prices this week is due to the 15 days trail in domestic prices of fuel as compared to international markets. As a result of the regular hike since the past six days, there is an increase of 0.50 paisa for petrol and 1.04 paisa for diesel all over India. The price of petroleum products had been kept at a moderate...
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After elections, oil marketing firms hike petrol, diesel prices
-The Hindu Petrol prices rise 8-10 p, diesel rates climb 15-16 p: IOCL data State-owned oil marketing companies (OMCs) increased prices of petrol and diesel across the country on Monday, a day after the last phase of Lok Sabha polls concluded. This could mark the beginning of a rising trend in fuel prices as they are once again aligned to the rising global oil prices. Petrol prices rose 8-10 paise, and diesel...
More »Food inflation falls to lowest level since 1991 -Surojit Gupta
-The Times of India Average food prices in 2018-19 were almost the same as they were in 2017-18—a phenomenon not seen for at least 27 years. An analysis by credit rating agency Crisil shows food inflation measured by the consumer price index rose only 0.1% in 2018-19. The last time annual food inflation had fallen below 1% was in 1999-2000. Economists attribute low food prices to a string of factors including bumper...
More »Managing India's sugar surplus -N Madhavan
-The Hindu Business Line As the sector pays the price for governments’ populism, it is time for an all new approach Earlier this month, Australia and Brazil dragged India to the WTO for its market-distorting policies on sugar. Their contention was that the subsidies, including the extent of farmer assistance, far exceeded the norms set by the WTO resulting in higher sugar production/exports which dampen the international prices and, consequently, hurt their...
More »Crumbs for farmers -R Ramakumar
-Frontline.in Hidden in the Modi government’s Budget promises to India’s farmers, who are in distress, is the admission: we have failed you. No section of society has perhaps fared worse under the Narendra Modi regime than small peasants and agricultural labourers. Rural India, particularly peasants, voted in large numbers for the Bharatiya Janata Party-led National Democratic Alliance (NDA) in 2014. Once in power, the NDA government promised to double the incomes...
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