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 …
For the first time in history, oil prices breached the $135 per barrel mark last month. Since then, prices have ebbed slightly but the fallout in India is just the beginning. On June 5, the Central Government bravely increased petrol, diesel and LPG prices. This year oil subsidies are likely …
Amritsar - With power playing truant and prices of petrol and diesel on an all-time high, farmers in the district are at their wits ends. With paddy season approaching, farmers have urged the government to either ensure 24-hour power supply to run their tubewells or provide fuel at subsidised rates. …
Miss Mamata Banerjee, Trinamul Congress chief today alleged that UPA has increased the price of petroleum products many times more than the NDA had, and dismissed the CPI-M's charge that she was silent when the NDA government took the harsh measure. She recalled she had tendered her resignation in protest …
Justifying the stand of Punjab Chief Minister on not reducing the tax on petro-products, cabinet minister and senior BJP leader Manoranjan Kalia today said the state was not in a position to face the brunt of inefficient policies of the Union government. "States have limited sources to generate revenue and …
Peak hour train services on Central Railway's main line were disrupted on Friday morning due to a "rail roko" protest by Shiv Sena workers at Mulund against the fuel price hike by the UPA government. Over 50 Sena activists led by a local corporator went on the tracks at the …
The increase in fuel costs is expected to have a cascading effect on the price of essential commodities. With inflation at an all-time high, people are having a hard time managing their household budget. The Rs 5 hike in petrol, Rs 3 in diesel and Rs 50 for LPG has …
The duty on buses which carry more people is the same as that on small cars, such is our warped policy. After much vacillation and prevarication, the government has finally done the inevitable
GLOBAL OIL SHOCK HITS HOME: Petrol up Rs 5, diesel Rs 3, LPG 50; unpopular but we had no choice, says PM, calls for official austerity Aware that it would very well be the last price hike that his government could afford before the election frenzy sets in, Prime Minister …
The steep hike in fuel prices will cause a dent of Rs 20 crore in the coffers of the BEST per year. However, the undertaking does not intend to tax BEST commuters any further with higher fares. "There would be no increase in the BEST bus fares,' said Uttam khobragade, …
In the grim scenario of continued rise in oil prices, presently hitting at $127 a barrel in international market (on May 30, 2008) and adding yet more fuel to the prevailing fire of global inflation, the nations all the world over are facing it hard to adjust their economies to …
Prime Minister Manmohan Singh, in an address to the nation on Wednesday, explained the circumstances under which the government effected the revision in the fuel prices. "I know that the price increases we have had to announce today will not be popular, though they are only modest,' he said while …
The increase effected by the Union Government in the prices of petrol, diesel and cooking gas on Wednesday came as a shock for the residents of Chandigarh and Panchkula and many of them rushed to the nearby petrol pumps to fill the tanks of their vehicles at the old rates …
They call it black gold and its price is on the rise, true to its name. Relentless buying by energy starved countries, is pushing up the prices of coal in the global markets. More specifically, the price of Indonesian coal has shot up from around $53 a tonne in May …
Companies May Lower Tags, Offer More Discounts To Offset Impact The hike in petrol, diesel prices will fuel a slowdown in the auto industry in the short-term, feel car majors like Maruti, Hyundai and Honda. And, it may spell good news for consumers in terms of lower prices and greater …
After considerable hesitation, the government has announced a package of measures to cope with the heavy burden imposed by the high global oil prices. Its most visible component is the hike in the retail prices of petrol and diesel
The United Progressive Alliance (UPA) government on Wednesday announced a steep hike in fuel prices. It increased the price of petrol by Rs. 5, diesel by Rs. 3 and LPG by Rs. 50 a cylinder, but did not touch kerosene. Almost all Opposition parties, the Left and the UPA's allies …
Following a prod by CPI(M) state secretary and Left Front chairman Biman Bose, West Bengal Finance Minister Asim Dasgupta on Wednesday announced sales tax cut on petrol and diesel to "provide some relief' to the common people even as the state Government urged the Centre to reconsider the fuel price …
Move Meant To Distance Itself From Hike In Fuel Prices Kolkata: Desperate to distance itself from the decisions of the Congress-led UPA government at the fag end of its tenure, West Bengal's Left Front government is slashing sales tax on petrol from 25% to 20% and on diesel from 17% …
