-The Indian Express A 50-kg bag of di-ammonium phosphate (DAP), the most widely consumed fertiliser in India after urea, will cost farmers Rs 1,900, more than 58 per cent higher than the existing rate of Rs 1,200/bag. In the midst of Assembly elections in West Bengal and ongoing protests against the Centre’s farm laws, the country’s largest fertiliser seller – Indian Farmers Fertiliser Cooperative (IFFCO) – has steeply raised prices of nutrients. A...
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As the Rich Receive State Patronage, Modi Has Left the Poor to Be 'Atmanirbhar' -Ravi Joshi
-TheWire.in Under Modi, the state bears the losses of the rich, with tax concessions and state subsidies. But, working classes have to live through complete doing away of fertiliser subsidies, and petrol and Diesel subsidies. Last year on May 12, in the peak of COVID -19-induced lockdown, when the poorest of the poor migrant workers were walking thousands of kilometres to their homes, Prime Minister Narendra Modi, with the insight of an...
More »A changing fiscal framework -Dipankar Dasgupta
-The Hindu The government’s announced fiscal policy stance and the fiscal regime it is running seem contradictory There used to be a time — and this was well before India began to globalise — when each Union Budget announced sales tax increases on tobacco products, especially cigarettes. The demand for cigarettes being somewhat inelastic, the rise in tax was expected to be a shot in the arm for the revenue-starved government of...
More »Petrol, Diesel price hike: RBI governor calls for reduced indirect taxes on fuel -Anulekha Ray
-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...
More »Quixplained: Why are prices of petrol and Diesel rising in India?
-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...
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