The IMF’s April 2025 Regional Economic Outlook for Sub-Saharan Africa presents a clear warning: regional growth is slowing, debt pressures are mounting, and donor assistance is declining. Yet the report outlines critical opportunities particularly in domestic revenue mobilization, structural reform, and private sector activation that can shape a more resilient …
The FM wants credit for acting on environment, but does the wrong things The "mool mantra" of Budget 2013 is inclusive and sustainable development, says Finance Minister P Chidambaram. But, as far as the environment is concerned, there is no substance in the Budget that tells us how the direction …
Europe faces a significant economic challenge. Ahead lies the task of reining in public debt, revitalizing stagnant economies and creating new opportunities for millions of jobless workers. At the same time, the European Union has committed to playing a lead role in tackling climate change. Among the EU’s headline climate …
While notoriously inefficient, fuel subsidies are widespread, and in many cases politically stable. This paper discusses and models various political economy aspects of fuel subsidies, focusing on gasoline and kerosene. Both economic and political are considered to explain differences in subsidies, with particular focus on democratic and autocratic governments. A …
Pitches for cutting subsidies on oil, fertilizers Shrugging off the air of despondency over the gloomy state of the economy, the Economic Survey 2012-13 on Wednesday suggested a slew of hard, but good decisions to stick to the path of fiscal consolidation to rescue the economy out of the current …
After deregulating diesel prices, the government may now propose to rationalise the price of thermal coal, used as fuel for power generation. If implemented, the proposed policy move could lead to a significant hike in domestic coal prices for generating stations and force them to increase tariff. On Tuesday, the …
Scrips of RIL, ONGC down The Finance Minister's announcement for the oil and gas companies did not cheer key players in the industry. Industry players gave a thumbs down to FM's proposal to review the oil and gas exploration policy and move from profit sharing to revenue sharing contracts. "The …
Finance Minister P. Chidambaram, on Tuesday, said that while the Government was open to suggestions on dual pricing for diesel, it would be difficult to charge a market price for luxury cars and subsidised price for transport trucks at the same petrol pump. “We have knocked our heads together to …
The Supreme Court on Monday dismissed a petition seeking quashing of a government pricing policy that allegedly gives cheaper natural gas to industry as compared to domestic consumers. A bench headed by Justice Aftab Alam dismissed the plea of Manohar Lal Sharma, a lawyer who had presented his own calculation …
However, there is a hike in the additional charges that are levied The Railway Budget for 2013-14 today spared passengers from any further hike in fares but raised various other charges on tickets along with freight tariff of less than 5%. Presenting the Budget in the Lok Sabha, Railway Minister …
NEW DELHI: The oil and gas industry is hopeful that the budget may treat natural gas on a par with crude oil for tax exemption, which could revive investors' interest in future auction of oil blocks, but it does not see any strong commitment from the government on this matter. …
Faced with acute shortage of power and fuel and various issues impeding development of the power sector, the government on Tuesday hinted that it would soon come out with new bidding norms for new power projects after holding talks with the stakeholders. Addressing a press conference here, Minister of State …
Banking on the phased deregulation of diesel pricing, the government proposes to cap subsidy on this fuel at R6 per litre in 2013-14 to insulate itself from volatility in global crude oil prices which could potentially upset its fiscal math. The average under-recovery on diesel this fiscal is estimated to …
Cyrus Mistry, Anil Ambani and Chanda Kochhar on the 22-member advisory panel Power sector heavyweights including, Tata Group Chairman Cyrus Mistry and ADAG Chairman Anil Ambani, along with top bankers, will meet power minister Jyotiraditya Scindia tomorrow to discuss issues hurting fresh investment running into lakhs of crore in the …
The Competition Commission of India (CCI) is issuing a notice to three state-owned oil marketing companies (OMCs) on a probe on whether they form a cartel to fix petrol prices. The commission is also looking at the coal and fertiliser sectors, where government-owned companies dominate the market. “Law does not …
Oil minister M Veerappa Moily on Monday ruled out a rollback in the Rs.1.50-a-litre hike in petrol and 45 paise a litre increase in diesel rates, saying only a small raise has been passed on to consumers. “I think everybody would appreciate that we have not put a lot of …
Faced with stiff opposition from power utilities over the Centre’s move to introduce coal price pooling which could increase price of the fuel by R100 a tonne (5%) or more, the coal ministry may restrict the mechanism only to power projects getting commissioned after March 2009. This means the pooling …
The coal ministry, accepting the demands of the power ministry, has agreed to re-draft the Bill for a regulator for the coal sector by seeking to empower the watchdog to fix prices of coal and including a member from the power sector as a member in the regulatory mechanism. The …
The coal ministry, accepting the demands of the power ministry, has agreed to re-draft the Bill for a regulator for the coal sector by seeking to empower the watchdog to fix prices of coal and including a member from the power sector as a member in the regulatory mechanism. The …
Fuel prices are back on the boil. Oil marketing companies on Friday increased petrol price by Rs.1.50 a litre and diesel by 45 paise a litre. This is the second straight month where oil marketing firms have raised diesel price to bring down the under-recovery. The government has allowed them …
Indian Oil Corporation review meeting later this week The next phase of rise in diesel prices seems, unlike earlier, to be a non-combined exercise from the three government oil marketing companies ( OMCs). On January 17, the government allowed Indian Oil Corporation ( IOC), Hindustan Petroleum Corporation (HPC) and Bharat …
