Taxation on petrol and diesel in India rise threefold, little correlation with crude oil prices: CARE Ratings

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Petrol and diesel prices in India have continued to rise, despite 25-33 on-year percent fall in international crude oil prices, widening the divergence between retail fuel prices in India and crude oil prices across the globe. Between the centre and the states, the governments are collecting a whopping 204 per cent taxes on the base […]

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Covid-19 lockdown spells trouble for strawberry growers in India’s Uttar Pradesh state

Strawberry growers in Uttar Pradesh’s Sambhal district are facing huge losses this season amid the nation-wide lockdown due to coronavirus outbreak and they are forced to uproot their produce as they are unable to sell it in the markets,  reports ANI news agency. Earlier the strawberry growers here had to suffer losses following a hailstorm, now that the markets are […]

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Aviation Turbine Fuel sales dive by 94% in April; Fuel sales slump 50%

India’s Aviation turbine fuel (ATF) consumption collapsed by 94 per cent in April 2020 as most airlines have stopped flying. Fuel consumption slumped by a record 50 per cent in April as all petroleum products except LPG saw massive demand erosion following a nationwide lockdown halted economic activity and travel. According to provisional industry data […]

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Fruits and vegetables likely to cause losses exceeding Rs 15,000 crore during the pandemic lockout

The stockpiling of harvested and un-harvested perishables may have already caused farmers a loss of around Rs 15,000 crore, agri experts have estimated. Market arrivals of fruits and vegetables have sharply fallen since the imposition of the lockdown. Extended by another month, losses could swell to Rs 40,000-Rs 50,000 crore, if not more, traders and […]

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Heavy rains, thunderstorm predicted to lash Punjab, Haryana, and Delhi this week

The Western Disturbance seen as a trough in mid and upper tropospheric westerlies is likely to affect northwest India during 6th-8th April 2020, says the morning weather forecast report. As per Indian Meteorological Department, scattered to fairly widespread rain/thundershowers is likely to lash over Western Himalayan region on 7th and 8th and over Punjab and […]

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