Oil price slump: Centre may not hike excise duty for petro products

The Centre has ruled out an increase in excise responsibilities on petroleum, and believes that softening worldwide crude charges would dampen inflation, which would induce the Reserve Financial institution to slash coverage costs.

“We are not in favour of an excise duty hike as that would include to inflationary pressures for the conclusion-customers. Softening inflation thanks to oil charges would increase shoppers convenience,” a top rated government formal reported.

“The

For 2019-20, the Centre experienced approximated regular crude price tag of $55

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AGR: NITI Aayog does a flip-flop on minimum floor price for telcos

Considerably less than a 7 days following NITI Aayog sent its opinions to the Telecom Regulatory Authority of India (Trai) opposing any type of ground rate for facts or voice tariffs, it has claimed in an additional letter that it stood “for” putting in spot a minimum ground rate.

In a letter dated February 28, Archana G Gulati, joint secretary at the federal government believe tank, claimed that the session paper by itself highlighted the point that industry interventions in the sort of rate controls, these types of as the proposed minimum ground rate, are likely to disincentivise level of competition, price tag efficiency, rate, and top quality parameters and also discourage new entries and innovation.

“In point, the finest disruption in recent years was the entry of a new participant with better engineering who made important inroads into the industry, thanks to really small tariffs. This brought extreme level

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