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.
Investors, fund managers are concerned with effects of govt pricing policies on ONGC’s share price, reimposition of subsidies and lower state-set prices.
According to Ravindra Dholakia, new GDP series showed higher growth rate because corporate financial data was used for estimating manufacturing value added.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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