IPA Newspack
  • Home
  • now
  • politics
  • business
  • markets

IPA /

IPA Special

IPA Special

Diesel prices will be decontrolled: Government tells Rajya Sabha

New Delhi: In a politically and economically crucial and bold decision the government on Tuesday informed Parliament that it was willing to decontrol diesel prices. The government in a written reply told the Rajya Sabha that the decision to decontrol diesel prices has been taken in principle.
However, the government added that retail selling prices would be moderated to insulate the common people.
The decision comes just two days after the government’s chief economic advisor Kaushik Basu said that India would see important reforms in the next six months, including on subsidies and may be partial diesel decontrol and FDI in retail.
The other one, which is more difficult politically, is diesel decontrol, Basu said. “May be what can happen is a partial decontrol. This is not a very well defined term. There are different kinds of partial decontrol that you can have.”
“What we should ideally do is to have a small subsidy that is fixed per litre. This will partially shelter the consumer but will allow the rise and fall of global price to be mirrored in India. This is essential for market efficiency,” Basu said.

IPA Special

Chinese Exporters’ Dragon Grip Entangles India

August 8, 2022
IPA Special

Congress Must Stand Up To Modi Government’s ED Terrorism

August 8, 2022
IPA Special

India Has World’s Highest Number Of ‘Extremely Poor’ Denizens

August 8, 2022
IPA Special

Workforce Being Ditched, Assurances Of The Centre Lose Face Value

August 8, 2022
IPA Special

Nitish Kumar Caught Into BJP Chakravyuha And Gasping

August 8, 2022
IPA Special

Is Indian Economy As Strong As Claimed By FM Nirmala Sitharaman

August 8, 2022
IPA Special

Kerala Wants Tax On Essential Goods Withdrawn

August 8, 2022
Happening Now

China seeks urgent meeting after Lanka bows to Indian pressure

August 8, 2022
Politics

Akhilesh to start Tiranga campaign with padayatra

August 8, 2022
Politics

UP minister says he is ready to go to jail for his community

August 8, 2022
Politics

Gehlot’s rape remark kicks up row

August 8, 2022
Happening Now

Speculation over Nitish Kumar walking out of BJP alliance

August 8, 2022
Politics

BJP launches drive to woo minorities in Uttar Pradesh

August 7, 2022
Happening Now

Maiden launch of new ISRO rocket runs into trouble

August 7, 2022
Politics

Parliament ‘dysfunctional’, says Chidambaram

August 7, 2022
Politics

Dhankhar’s victory margin highest since 1997

August 7, 2022
Politics

Opposition parties see a new dawn for Congress in Bihar

August 7, 2022
Politics

Modi says proud moment for India to have ‘kisan putra VP’

August 6, 2022
IPA Special

National Rural Employment Guarantee Scheme Being Sabotaged

August 6, 2022
IPA Special

Supreme Court Finds ‘Shackles Of Policy’ Put By Govt As Intimidating

August 6, 2022

An appeal

The legacy of IPA, founded by Nikhil Chakravartty, the doyen of journalism in India, to keep the flag of independent media flying high, is facing the threat of extinction due to the effect of the Covid pandemic. Only an emergency funding can avert such an eventuality. We appeal to all those who believe in the freedom of expression to contribute to this noble cause.
Click here to learn more

Share

Reply

  • 0
More on IPA

Chinese Exporters’ Dragon Grip Entangles India

August 8, 2022 4:01 pm | IPA Staff

 By Nantoo Banerjee Why is it a matter of such a tearing hurry for Indian Railways that it has to rush to China to import...

IPA Special

Congress Must Stand Up To Modi Government’s ED Terrorism

August 8, 2022 4:00 pm | IPA Staff

By Amulya Ganguli The enforcement directorate’s relentless pursuit of the Congress and other opposition parties can prove to be counter-productive in the long run. For...

IPA Special

India Has World’s Highest Number Of ‘Extremely Poor’ Denizens

August 8, 2022 3:59 pm | IPA Staff

 By Sushil Kutty Droupadi Murmu has taken oath on July 25, the 15th President of India. Her salary: Rs 5 lakh per month, plus perks....

IPA Special

Workforce Being Ditched, Assurances Of The Centre Lose Face Value

August 8, 2022 3:58 pm | IPA Staff

 By Gyan Pathak Social security coverage to entire workforce in India will remain a dream even if the Code on Social Security 2020 is implemented...

IPA Special

Chinese Exporters’ Dragon Grip Entangles India

in IPA Special
Aug 8, 2022   ·  

Congress Must Stand Up To Modi Government’s ED Terrorism

in IPA Special
Aug 8, 2022   ·  

India Has World’s Highest Number Of ‘Extremely Poor’ Denizens

in IPA Special
Aug 8, 2022   ·  

Leave a Reply Cancel reply

You must be logged in to post a comment.

Follow us on
Up Next: Pakistan to launch long-range missile, informs India
©2020 -2021 India Press Agency, All Rights Reserved
Newspack by India Press Agency
Posting....
logo
  • Home
  • now
  • politics
  • business
  • markets