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 …
PM Manmohan Singh on Monday hinted that there may not be any alternative to raising fuel prices, even as the government continued to grapple with working out a consensus on measures to tackle high global crude prices. A decision can possibly be taken only by Thursday after a meeting of …
Should private diesel cars be taxed more than petrol cars to neutralize the subsidy they get on retail fuel prices, originally kept low for benefiting commercial vehicle operations like public transport vehicles and goods carriers that have a direct bearing on inflation. Noted industrialist Vivek Bharatram has suggested the government …
India's oil subsidy may shoot up three times to 2.2% of the GDP this year even as the government dithers on raising fuel prices in step with the rise in input (crude oil) cost. The country paid $8.7 billion in oil subsidies in 2007 or 0.7% of the GDP. In …
There is a sense of deja vu in the government's reaction to the latest inflation figures announced on Friday. For the week ending with May 17, inflation measured by the WPI index climbed to a 45-month high of 8.1 per cent. During the corresponding week last year, inflation was at …
More people are riding the nation's buses and trains, breaking records for the first quarter of the year. Transit operators expect the increase to be greater in the second quarter as gasoline prices soar. A report set for release today by the American Public Transportation Association (APTA) shows trips on …
The government can partly keep crude import bill and prices under control by supporting oil companies in acquiring rigs for exploration of domestic hydrocarbon sources, according to industry body Assocham said. Currently, 70 per cent of India's petroleum, oil and lubricant requirements are met through imports which might go up …
China's steelmakers are likely to reach a deal with Australian iron ore miners this month in price talks long deadlocked over the miners' demand for a freight premium, a senior Chinese steel official says. Zhang Xiaogang, chairman of the China Iron and Steel Association, also indicated a softer stance toward …
As more than 20 per cent of the retail outlets of various state-run oil marketing companies in Punjab ran dry today, panic-struck people began hoarding petrol and diesel, wherever available. The situation was worse in rural belts of Amritsar and Jalandhar and in the districts of Bathinda, Barnala and Sangrur, …
THE KEENLY-AWAITED decion on petrol and diesel prices, expected to be finalised on Saturday, has been deferred by the government yet again. A comprehensive proposal to address the ongoing spurt in crude oil prices with a combination of price hike and duty cuts, is expected to be taken up next …
The Annual Energy Outlook 2008 (AEO2008) presents projections and analysis of US energy supply, demand, and prices through 2030. The projections are based on results from the Energy Information Administration's National Energy Modeling System. The AEO2008 includes the reference case, additional cases examining energy markets, and complete documentation.
While the inflationary pressure has gone out of control from the government, commodity prices have been steadily increasing. During the week, price of fish jumped by 6%, fruits and vegetables by 3% and moong dal and spices by 2% and 1% respectively. Despite export bans, skimmed milk was costlier by …
Decision Likely Next Week After CWC Meet The Congress's core ministerial panel on Friday gave its green signal to raising motor fuel prices but the quantum of increase emerged as a hitch. A decision is now expected only next week, after two high-profile political meetings
There may be a debate about the cause but there is no doubt about the effect: the world is on the verge of an energy crisis. The signs are everywhere. This week, Qantas boss Geoff Dixon said the airline would ground planes, cancel routes, slash jobs and freeze senior pay …
AMITAV RANJAN Hike, Cuts & Bonds But Govt will push for Rs 3 & Rs 2 per litre for petrol and diesel, Rs 50 for LPG as it anticipates ally pressure. The government has, in principle, decided to increase prices of petrol by Rs 2 per litre, diesel by Re …
Agriculture Secretary Edward T. Schafer is preparing to walk into a buzzsaw of criticism over American biofuels policy when he meets with world leaders to discuss the global food crisis next week. Mr. Schafer took the offensive at a press conference on Thursday that discussed the food summit, planned for …
State-run Hindustan Petroleum Corporation Limited on Thursday warned that it would be forced to resort to curtailment of supplies to retail outlets if fuel prices were not raised immediately. It said it was running out of cash due to high under-recoveries. Addressing a press conference here, HPCL chairman Arun Balakrishnan …
Faced with enormous political pressure to tighten the oversight of energy trading, federal regulators said Thursday that they have been investigating oil and derivative markets for six months to look into potential price manipulation. The revelation came as the agency, the Commodity Futures Trading Commission, also announced a series of …
The Growth Report Denounces Energy Subsidies, Cut In Public Spending On Infrastructure To Reduce Fiscal Deficit THE government's decision to subsidise consumers of petroleum products by resisting revision of prices despite a sharp rise of crude is a "bad idea' measured by the yardstick of The Growth Report released recently …
