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Reiterating India's stance, the Ministry of Finance in its monthly economic report said that India is at low risk of stagflation, owing to its prudent stabilisation policies.
India’s retail inflation is expected to remain uncomfortably high in the current fiscal and may touch its highest annual print under the Narendra Modi government despite the Centre’s efforts to tame stubborn price pressure through tax cuts.
Kerala minister VD Satheesan asks Centre to cut petrol, diesel prices further - Attacking state finance minister KN Balagopal, Satheesan said FM’s statement over tax has not been increased on petrol and diesel is not true.
Petrol prices today: After a gap of 45 days, fuel prices came down after Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol and diesel
India has decided to release 5 million barrels of crude oil from its strategic petroleum reserves (SPRs) simultaneously with countries like the US, Japan, China, Britain and Republic of Korea with the aim of bringing down its prices.