May 26, 2022 10:36 am
The total revenue implication of the excise duty cuts is seen at Rs 2.2 lakh crore a year. This, coupled with an additional outgo of Rs 1.1 lakh crore on account of fertiliser subsidies, is expected to put pressure on government finances.
May 22, 2022 10:04 am
The government has reduced the excise duty on petrol by Rs 8 per litre and diesel by Rs 6 per litre. This will reduce the price of petrol by Rs 9.5 per litre and diesel by Rs 7 per litre.
May 19, 2022 8:53 am
The sharp spurt in wholesale inflation is driven by all major categories — primary articles, fuel and power and manufacturing — indicating how broad-based the price pressures are.
May 19, 2022 10:33 am
The companies will have to display prices per gram where net weight is less than one kilogram, and per kilogram where net weight is more than one kilogram; per millilitre where net volume is less than one litre and per litre where net volume is more than one litre, enabling consumers to better compare non-standard pack sizes.
May 18, 2022 9:34 am
Pinaki Chakraborty writes: Fiscal and monetary expansion that happened during the pandemic has triggered an increase in debt and upward spiral of prices across the world. Global economy needs a coordinated policy effort to climb out of it
May 18, 2022 5:32 am
High WPI inflation will further convince RBI to raise interest rates and do so urgently.
May 16, 2022 8:31 am
Radhika Pandey writes: To prevent price spiral from getting entrenched, RBI will respond with aggressive hikes
May 13, 2022 12:59 am
Data released on Thursday showed that retail inflation surged to a 95-month high of 7.97 per cent in April on the back of high fuel, food prices and services. Rural inflation surged to an 8-year high in April, while urban inflation rose to 18-month high.
May 13, 2022 8:55 am
This is now the fourth straight month that inflation has come in above the upper threshold of the central bank's inflation targeting framework. The latest data only affirms the notion that inflationary pressures are far more broad-based and entrenched than what was previously believed.
May 13, 2022 8:38 am
Jahangir Aziz writes: Bringing down today’s inflation requires a resolution of geopolitical tensions in Europe, changes to China’s zero-Covid policy, much stronger fiscal support from the government, and reforms that help repair the disrupted domestic supply chain