With petrol prices touching around Rs 100 and diesel up to nearly Rs 90, Indians are dipping into savings or cutting down on expenses to meet their fuel need, says LocalCircles survey.
In her letter to PM Narendra Modi, Congress president Sonia Gandhi wrote the govt's decision to increase fuel prices during the Covid crisis is 'wholly insensitive' and 'ill-advised'.
Fuel consumption probably declined at least 80% in April, which would lead to a revenue loss of as much as Rs 400 billion, said economist Madan Sabnavis.
Finance Minister Nirmala Sitharaman’s decision to raise duties on fuel is unlikely to threaten the inflation outlook, keeping alive expectation of more rate cuts.
Just like Phase 3, in this round too, the NDA stands to lose ground due to the sheer number of seats it had won the last time — 39 of the 49 seats, of which the BJP alone had won 32.
India’s defence sector is trying to penetrate the African market. But with China already extending significant influence, India must now play catch-up.
Discussion about outcome of Lok Sabha polls continues to boil in cauldron of expectations only from BJP. Now reverse this equation, what if we asked about the performance of the 'loser'?
DO NOT KNOW HOW MANY PEOPLE WILL EAT LESS ONIONS AND BY MORE FUEL.
For some reason the higher fuel prices do not seem to gain significant political traction.
Is it not because both the center and states need the additional revenue and the people are not complaining because there is no run away inflation.
There is no dearth of the theory hunters.
DO NOT KNOW HOW MANY PEOPLE WILL EAT LESS ONIONS AND BY MORE FUEL.
For some reason the higher fuel prices do not seem to gain significant political traction.
Is it not because both the center and states need the additional revenue and the people are not complaining because there is no run away inflation.
There is no dearth of the theory hunters.