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.
India has some of the least affordable transport fuel in the world, with a gallon (3.8 litres) of petrol costing more than three-quarters of average daily income.
Poland PM Donald Tusk highlighted that the ‘Trump pill’ will serve as a much-needed wake-up call for Europe to make painful but necessary structural changes.
Donald Trump has been vocal about India’s high import tariffs and has threatened retaliation. Simultaneously, his tough stand on China could see Chinese goods flood India.
The Chinese aircraft has uncanny similarities to the American F-35 jet. There are claims that China copied the design. Cyber theft of F-35 design data was reported in 2009.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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