-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...

-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...

-Down to Earth In 2019, India imported around 15 million tons of edible Oils worth approximately Rs 7,300 crore Edible Oils are indispensable in the Indian kitchen. But it might be surprising to many that India imports most of the Oil it consumes, unlike most other agricultural products which are produced locally. Even after having a diverse agro-climatic conditions, abundant land and large sections of population depending on agriculture, why does India have...

-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...

-The Hindu Treating mineral sale proceeds as revenue or income hides the real transaction — the sale of inherited wealth The principle that the economy must be “sustainable” — we cannot compromise the ability of future generations to meet their needs — is beyond question. Climate change and high levels of consumption already threaten to rob future generations of a planet that is liveable. The principle of Intergenerational Equity would make it...