-ThePrint.in Indians spending 14% more on edible oil compared to last year. Experts expect a cooldown if no shocks prevail, government says ‘situation under control’. New Delhi: A bottle of cooking oil is a constant in every Indian kitchen, but its price is not. According to data sourced from the Department of Consumer Affairs, by 16 May, consumers in the country were spending an average of 14 per cent more, or an extra...
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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 »Rural food prices continued to surge in April -AM Jigeesh
-The Hindu CPI for agricultural and rural workers increased by 10 points each last month Rising food prices spurred an increase by 10 points each in the all-India Consumer Price Index (CPI) for agricultural and rural labourers, respectively, last month, the Ministry of Labour and Employment said in a release on Saturday. An increase in the prices of rice, wheat-atta, jowar, bajra, ragi, vegetables and fruits contributed the bulk of the spike in...
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 »Food for thought
-The Hindu Business Line Pesticide residues in India’s agri exports calls for a multi-pronged policy response As reported recently by this newspaper, India’s cumin exports have suffered a setback in recent months, with China claiming that pesticide residues exceeded the maximum residue limits (MRLs) spelt out by it about six months back. Chinese authorities have said that consignments must be accompanied by a pesticide residue report. India has been through all this...
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