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 …
Protesting Mumbai cabbies call for strike from August 1. Rahul Wadke The Maharashtra Government is in no mood to accede to the demand of the taxi and auto-rickshaw unions to waive the 14 per cent value-added tax (VAT) on compressed natural gas (CNG). The unions have been seeking its removal …
GANDHINAGAR: An additional burden of Rs 3,656 crore has been levied on the consumer in past three years as fuel adjustment cost (FAC) or fuel surcharge. However, of this, around Rs 346 crore has been borne by state government. This was stated by energy and petrochemicals department in reply to …
This paper undertakes an examination of the differential impact of international oil prices on domestic inflation and output growth in India under two alternative scenarios. One scenario is, when domestic fuel prices are allowed a formula-based automatic alignment with international oil prices and the second, when as per current policy, …
The hike in petrol and diesel prices reverses the price cut announced in January this year. While this was widely anticipated, critics are making every effort to embarrass the government. From an economic point of view, the hike will do several things. One, it will reduce the amount of off-balance …
Ajay Modi / New Delhi July 13, 2009, 0:49 IST Bio-diesel companies are demanding a higher price than the government-mandated price for their product. Bio-diesel allows oil marketing companies (OMCs) to sell blended diesel. Cleancities Biodiesel, a Hyderabad-based company, with production capacity of 250,000 tonnes of bio-diesel at its Visakhapatnam …
Karachi Transport Action Committee and Anjuman-e-Ittahad Bus Malikan Karachi leaders Muhammad Ashraf Banglori, Chaudhry Mazhar Hussain, Tanzeem Khan and Nazeer Banglori have demanded of the apex court to take notice of unjustified fresh rise in oil prices by the present government. In a joint statement on Sunday, the transporters community …
N. Ravi Kumar CHENNAI: Petrol and diesel prices will be reduced if international crude prices drop, Union Petroleum and Natural Gas Minister Murli Deora said on Saturday. He said this in response to a query from reporters at the commissioning of an aviation turbine fuel (ATF) pipeline of Indian Oil …
LUCKNOW: Chief minister Mayawati on Thursday said that she would not impose any additional tax on the increased prices of diesel/petrol in order to give relief to people. The state tax input on the diesel would be 9 paise now sold at Rs 34.50 per litre and 22 paise on …
NEW DELHI: The government on Thursday rejected the Opposition demand for an immediate rollback in increased prices of petrol and diesel even as Lok Sabha witnessed frequent adjournments with non-Congress parties, including UPA allies the DMK and the Trinamool Congress, criticising the hike and the Opposition staging a walkout from …
Sujay Mehdudia NEW DELHI: Following a rise in the international price of crude oil and the increasing under-recovery of State-run Oil Marketing Companies (OMCs), the United Progressive Alliance government on Wednesday increased the price of petrol by Rs.4 a litre and diesel by Rs.2 a litre. The hike comes on …
Although in favour of permitting partial deregulation of petrol and diesel pricing, Prime Minister Manmohan Singh today went with the Congress party decision to keep retail prices under check with the increase in petrol limited to Rs 4 per litre and diesel, Rs 2 per litre. One Petroleum Ministry proposal …
No change in cooking gas, kerosene prices; negligible impact on inflation. With international crude oil prices hovering at a seven-month high of around $70 a barrel, the government today raised prices of petrol by Rs 4 a litre and diesel by Rs 2 from midnight, but left cooking gas and …
The proliferation of wind energy as a viable alternative to fossil based fuels used in the production of electricity is well documented. (1) While media reports on the influx of wind power farms often shed a positive light on the use of wind for generating electricity, few reports have squarely …
The electric bike (e-bike) segment has seen a rapid growth where the local governments have offered subsidies against the states that are charging a value added tax of 12 per cent Disclosing this, Mr Sohinder Gill, the president of Society of Indian Electric Vehicle Manufacturers, said:
climate strikes back: The annual death toll due to climate change is expected to rise half-a-million by 2030, said a study commissioned by the Global Humanitarian Forum, a Geneva-based organization. The study said climate change kills 325 million people every year through hunger, sickness and weather disasters and results in …
Ajay Modi / New Delhi June 24, 2009, 0:52 IST Following the doubling of the crude oil prices from a low of $32.40 barrel in December last year, biodiesel prices too have started looking up globally. Since April, biodiesel prices in Europe have jumped over 72 per cent on a …
