-The Telegraph The cut was announced a day after the declaration of by-election results in 29 Assembly seats and 3 Lok Sabha seats, wherein BJP suffered setback in some states The Narendra Modi government has finally buckled under pressure from consumers, voters and the Opposition and slashed excise duties on petrol by Rs 5 a litre and on Diesel by Rs 10 a litre. From Thursday in Calcutta, the price of petrol will...
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Farming became costlier between crop years 2012-13 and 2018-19, shows the latest available NSO data
One is almost certain to hear this from an economist that if something is available at free of cost or at a subsidised rate thanks to government intervention, then people tend to overuse or overconsume such goods/ commodities. So, the best solution is to create a market for such 'almost freely available' or 'highly subsidised' goods or commodities. Once people start paying to use or consume such goods/ commodities, they...
More »Dried Wells, Broken Dams, Distressed Villagers Define UP's Multi-Crore 'Bundelkhand Package' -Dheeraj Mishra
-TheWire.in Corruption, poor quality construction materials and the specious implementation of schemes combined with the Centre’s flawed MSP policies have rendered the attempt to transform the region useless. Chitrakoot/ Banda: On a freezing night in early January, as anchors on television and radio jubilated in the new year and extolled the many ‘achievements’ of the incumbent government, Madhav Prasad, a 55-year-old farmer in Bundelkhand, lay anxious on a cot in his hut. The...
More »In Just One Year, We’re Paying Over Rs. 300 More for LPG Cylinder! -Subodh Varma
-Newsclick.in Petrol and Diesel prices have also zoomed, as Modi government rakes in over Rs.3.73 lakh crore as tax. The Central government continues to squeeze millions of Indians by relentlessly raising the prices of essential fuels, such as cooking gas and petrol/Diesel. In the past one year, the price of a standard 14.2 kg cylinder of cooking gas (LPG) has been hiked by an incredible Rs.301.75, from Rs.604.63 (average of four metros)...
More »Rising crude oil prices further burdens Indian consumers -Vignesh Radhakrishnan, Sumant Sen and Jasmin Nihalani
-The Hindu The Centre has raked in nearly Rs.16 lakh crore through excise duty on petroleum products between FY15 and FY21 In India, crude oil prices have risen to a near three-year high. Subsequently, the retail prices of petrol and Diesel, which were already high due to heavy tax rates, became higher in India. Notably, in recent times, whenever crude prices have been on the rise, the burden has been passed on...
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