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Representational file image. | Photo Credit: Reuters The government on Tuesday (September 17, 2024) slashed windfall tax on domestically produced crude oil to ‘nil’ per tonne with effect from September 18. The tax is levied in the form of special additional excise duty (SAED) and is notified fortnightly based on average oil prices in two…
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Image used for representational purpose only. | Photo Credit: Reuters The wholesale price based inflation remained in the negative territory for the fourth straight month in July at (-)1.36% on easing prices of fuel, even though food articles turned costlier. The wholesale price index (WPI) based inflation rate has been in the negative since April…
Read More “Wholesale inflation stays in negative for fourth month at (-) 1.36% in July” »
The decline in the inflation rate in June is primarily due to a fall in prices of mineral oils, food products | Photo Credit: Reuters India’s wholesale prices remained in deflationary territory for the third successive month in June, with the pace of price contraction from a year ago quickening to -4.12% from -3.48% in…