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 …
Planning Commission deputy chairman Montek Singh Ahluwalia on Thursday said the government should dismantle the administered pricing of fuel, as it would keep prices low even when commodity prices start rising. Speaking at the launch of the report
Sujay Mehdudia NEW DELHI: The Union government has put in motion the process of effecting a possible fuel price hike, with the Cabinet scheduled to discuss the issue on Thursday. Petroleum and Natural Gas Minister Murli Deora held consultations with the constituents of the United Progressive Alliance (UPA) even as …
New Delhi: The oil ministry will make a strong pitch to unshackle petrol prices from government control and introduce a differential pricing mechanism, along with a small price increase of Re 1 a litre for diesel, when the Cabinet meets on Thursday. In case it goes through, the proposal for …
Reeling under the double whammy of high inflation and rising subsidy burden, the Centre may settle for a bare minimum hike in auto and cooking fuel prices AN INCREASE in the prices of petrol and diesel appears imminent as top Congress leaders prepare on Wednesday to ponder the Kirit Parikh …
Sujay Mehdudia NEW DELHI: The Kirit Parikh Committee proposal for imposing a flat tax of Rs. 81,000 on diesel cars, including sedans and gas guzzlers SUVs and MUVs, may be worrying the big names in the industry, but environmentalists who have campaigned against
It is not surprising that the expert panel headed by Kirit Parikh on the pricing of petroleum products should recommend total decontrol of the retail prices of petrol and diesel while suggesting a more gradual approach in the case of kerosene and LPG. In July-August 2008, the B.K. Chaturvedi committee …
The planning commission on Friday claimed that decontrolling fossil fuel prices would help tame inflation, deflating the contrary general perception, The Commission panel's deputy chairman Montek Singh Ahluwalia said: "It (decontrolling fuel price) will not flare up the inflation. I just think that it is not sustainable to have pricing, …
Diesel cars may become costlier by Rs 1.8 lakh. Currently, one of the main reasons for the high popularity of diesel cars is that the fuel is cheaper, which translates into low running costs. Roudra Bhattacharya New Delhi, Feb. 5 Honda, which sells only petrol cars in India, is looking …
A day after the Kirit Parikh committee recommended freeing of auto fuel prices and increase in kerosene and LPG prices, the Union petroleum ministry called a meeting of the public sector upstream and downstream oil companies to discuss the road ahead. Though oil companies have welcomed the report, they are …
Sanjay Jog / Mumbai February 05, 2010, 1:05 IST Analysts have said the recommendation of the Kirit Parikh committee report on fuel prices need to be implemented as a package and not partially. Yet, they also feel the recommendations are too aggressive to be implemented in the current form, given …
Centre for Science and Environment blasts Kirit Parikh panel report on petroleum pricing that fails to offer effective solution to halt misuse of under-taxed diesel by rich car owners. Additional excise duty of a mere Rs 81,000 on diesel cars to equalise the excise tax burden on petrol car proposed …
Kirit Parikh The Kirit Parikh committee has recommended market-determined pricing for petrol and diesel. It has also recommended linking the price of domestic LPG and kerosene distributed through the Public Distribution System (PDS) to the increase in per capita GDP for urban population and agriculture GDP, respectively. The committee has …
Europe Shows Price Hike May Not Hit Growth Ramkrishna Kashelkar MUMBAI THE report submitted by the expert group headed by Mr Kirit Parikh on a viable and sustainable system of pricing of petroleum products if accepted by the government could boost the prospects of state-owned oil firms. This is because …
APANEL headed by Kirit Parikh has suggested a clean break from the past, with market-linked prices for auto fuels and a sharp increase in the prices of kerosene and cooking gas, testing the willingness of the Manmohan Singh government to grapple with a problem that has defied a solution for …
Panel Wants Decontrol, Govt May Settle For Rs 3 Petrol Hike, Re 1 For Diesel New Delhi: After food items, it is the turn of motor fuels to burn a bigger hole in your pocket. An increase of at least Rs 3 a litre in petrol and Re 1 in …
Sujay Mehdudia NEW DELHI: The Prime Minister-appointed Kirit Parikh committee on Wednesday recommended complete decontrol of the petrol and diesel prices and favoured a hike of Rs. 100 a domestic LPG cylinder and an increase of Rs. 6 a litre for kerosene. At the current global crude oil prices, deregulating …
