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 …
Says Fuel Price Rise Unjustified, Wants PM To Resign Gauging that it could only add to the its ammunition against the government in a year leading up to the Lok Sabha polls, BJP on Wednesday reacted strongly to the government's decision to hike fuel prices, saying a "directionless' UPA has …
Upset that most of its proposals have been ignored by the government, Left reacted to the price hike of petroleum products calling it unjustified and gearing for a "powerful protest movement'. While senior Left sources indicated some
Subodh Ghildiyal | TNN The political repercussions of a fuel hike were visible within hours of the announcement, with BJP-led NDA and the CPM coming together to boycott the consultative committee meeting chaired by petroleum minister Murli Deora. The boycott of Deora, which included a protesting band of MPs from …
Hiranmay Karlekar It is more likely for water to be turned into wine than for soaring petrol and diesel prices, which threaten to hobble the world's economy, to plummet. The global food shortage may end, but not in a hurry. It may also continue, given the vagaries of climate change …
Says It Was Inevitable In Wake Of Global Spiral Pointing to a sharp escalation in global rise in oil p r i c e s and food and commodities, P r i m e Minister Manmoh a n Singh on Wednesday said that a rise in fuel prices was "inevitable' …
Congestion over Mumbai, Delhi and Ahmedabad is set to come down drastically with the minimum separation between flights being reduced from August 1. In the wake of spiralling fuel prices, this decision would bring relief not just for passengers who often have to spend close to an hour hovering over …
Steady rise in fuel prices seems here to stay and each price rise is bound to have an impact on monthly budgets. With petrol becoming dearer by a steep Rs 5 and diesel by Rs 3, auto experts say that simple changes in driving habits and minor alterations in lifestyle …
For prospective car buyers, there could be a silver lining in the steep fuel price increase announced on Wednesday. Carmakers, already reeling under the signs of a downturn in sales, may be forced to sweeten the discounts and freebies to pull customers to showrooms, reports Pankaj Doval. As companies complained …
Cutting across political and cultural boundaries, the latest round of fuel price hike has shaken and stirred the average Indian middle class family. The new rates are likely to take a heavy toll on all household budgets, but the middle class would be the worst affected. While commuting will become …
The government has been deliberating on measures over oil prices through the last fortnight. Meanwhile, the companies' losses rose from Rs 16.34 a litre to Rs 21.43 on each litre of petrol, Rs 23.47 to Rs 31.58 on diesel, Rs 28.72 to Rs 35.98 on kerosene and Rs 305.90 to …
Soaring prices at Europe's superMarkets and petrol stations require a coordinated response by the world's top eight economies rather than fiscal or monetary policy changes, EU finance ministers said on Tuesday. "We have to accept external shocks and we have to discuss (this) at a multilateral level," said Economic and …
Your motor fuel bill is poised to rise as the government looks set to decide on oil prices on Wednesday. Also on the agenda is an increase of Rs 10-20 in the price of cooking gas refills
The double whammy of rising oil prices and plunging home prices could turn a mild recession into something more threatening, says Peter Coy IN CHARLOTTE, NC, gasoline at nearly $4 a gallon is cracking
The government is likely to announce a hike in fuel prices on Wednesday to bail out state-owned oil marketing companies (OMCs) that are suffering massive financial losses due to skyrocketing international crude prices. The decision will be first taken at a meeting of the Cabinet Committee on Political Affairs (CCPA) …
DEBATE There is no doubt the oil companies are bleeding, but the issue is whether the government should also reduce the extra taxes it gets from high oil prices Dharmakirti Joshi Director and Principal Economist, CRISIL Ltd "India's level of taxes on oil is comparable with that in most countries, …
The price of petrol has gone up by Rf1 per litre and the price for a litre of diesel has been increased by Rf2.95, the State Trading Organization (STO) has said. A statement issued by STO, the largest fuel supplier in Maldives, said that with the changes brought about on …
Japan Post Service Co will convert all of its fleet of some 20,000 automobiles to electric vehicles over about eight years starting this fiscal year, company officials said Monday. The move by the mail delivery unit of Japan Post Holdings Co is designed to cope with soaring crude oil prices …
Under-recoveries by state-owned oil marketing companies are set to hit a new record in June with the under-realisation on the sale of diesel, the largest selling fuel and also the most politically sensitive, almost matching the subsidised selling price. At Rs 31.58 per litre, the under-realisation on diesel is a …
