Agri infra cess on petrol and diesel: states suffer; centre neutral, consumers wary

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While India’s finance minister, Nirmala Sitharaman said in heer budget speech that the imposition of the agriculture infrastructure and development cess on petrol and diesel will not bear any additional burden to the consumers, the public is wary and watchful.  Retail price of auto fuels have already reached record highs, as global crude prices have inched higher on […]

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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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Domestic steel price caught between the devil and the deep sea amid coronavirus pandemic disruption

The outlook for domestic steel prices, which had largely remained firm until third week of March, now appears bleak. Domestic steel prices, which had been trading at a premium to international prices, will face pressure as the lockdown is leading to a build-up of inventories. Care Ratings says the performance of domestic steel makers is […]

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