-Down to Earth The government’s flip-flop on stockholding limits does not help pulses’ pricing issues The Union government’s decision on July 2, 2021, to impose stock limits on pulses till October 31 has once again fuelled the long-held perception that the country’s food policies are not even consistent, let alone being relevant. On June 5, 2020, the Union government issued the Essential Commodities (Amendment) (ECA) Ordinance, 2020, which was later legislated into an...
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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...
More »Number Theory: Understanding the business of farming in India -Abhishek Jha and Roshan Kishore
-Hindustan Times Supporters of the three farm laws have been arguing that the new regime will help farmers receive better prices by selling products in the open market rather than the APMCs. SAS data does not support such a claim That Indian agriculture has been distress-ridden is an accepted fact in post-reform India. However, this is often discussed more in terms of farmers’ suicides, especially during the last decade, or abysmally low...
More »Oil Ministry mulls reinstating subsidised LPG prices, survey in progress -Twesh Mishra
-Business Standard Centre assessing appropriate price at which subsidy should resume The Ministry of Petroleum and Natural Gas is evaluating a threshold at which the subsidy on Liquefied Petroleum Gas (LPG or cooking gas) will be reinstated. According to a senior government official in the know, a survey is currently being conducted to determine the price at which maximum consumers will keep buying domestic cylinders. One of the options also being considered...
More »Some festive cheer on edible oils front as prices dip, mustard oil is the only exception -Samyak Pandey
-ThePrint.in As many as 4 import duty cuts were effected with respect to three edible oils between June and September, following a sharp rise in prices over the preceding months. New Delhi: The price of most edible oils has decreased by up to 7 per cent over the past two weeks on the back of a series of import duty cuts, bucking the usual festive-period trend of cost spurts. Approximately 60 per cent...
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