The transport sector is important for the smooth functioning of an economy. The supply chains for various products and by-products (both domestically as well as internationally) can work efficiently only if the transportation of raw materials and inputs, and final goods and commodities takes place without disruption. Due to economic growth, India’s annual CO2 (i.e., carbon dioxide) emission has expanded from 1.19 billion tonnes in 2005 to 2.44 billion tonnes...
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Trade deficit widens to record $23.33 bn -Vikas Dhoot
-The Hindu Exports rose 15.5% in May while imports surged 56.1% to stay above $60 bn for third month India’s merchandise trade deficit widened to a monthly record of $23.33 billion in May, as exports grew 15.5% to $37.3 billion while imports jumped 56.1% to $60.62 billion, as per preliminary data from the Commerce and Industry Ministry. The previous highest monthly trade deficit was last November’s $22.91 billion. Goods exports shrank 7.2% from...
More »Central excise duty on petrol and diesel cut, says FM Nirmala Sitharaman -Vikas Dhoot
-The Hindu The measures included a ₹8 reduction in central excise duty per litre of petrol and a ₹6 cut in the duty on diesel. Finance Minister Nirmala Sitharaman unveiled a slew of measures to rein in runaway inflation on Saturday evening, including duty cuts on Petroleum products, a ₹200 subsidy on LPG cylinders for the poor and a rejig of import duties on plastic and steel products. A reduction in central excise...
More »Inflation Spiral is Hitting the Working Poor the Hardest -Sanjay Roy
-IPA News Service/Newsclick.in Time is ripe to do away with every central cess on Petroleum products and reject the government’s narrative that the poor are hurt less by higher prices than the rich. The country is in the grip of an inflationary spiral resulting in a galloping price rise of all essential goods used by people. This crushing price burden is making life exceedingly difficult for the rural and urban poor. The retail...
More »India’s target to have 20% ethanol blended in petrol by 2025 could affect its food security -Tanvi Deshpande
-IndiaSpend.com/ Scroll.in Achieving the target won’t drastically reduce emissions nor will India achieve energy security because of it. For India to meet its target of 20% ethanol blended in petrol by the year 2025 (commonly known as the E20 target), it will have to bring in more land under cultivation of feedstock – agricultural products that can be converted into ethanol – land that can be better utilised for the generation of...
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