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Prime Minister Modi spoke about VAT collected by states on fuel, but did not mention central government excise taxes - Ashok Gehlot - (A)

When Prime Minister Narendra Modi reported on rising fuel prices in many opposition-ruled states, including Rajasthan, Chief Minister Ashok Gehlot said on Wednesday that the prime minister “accidentally mentioned Jaipur instead of saying Bhopal” as gasoline and diesel cost more in BJP. ruled Madhya Pradesh. The Congress leader also said that the Rajasthan government has …

India asks its states to increase coal imports for three years - (A)

India has urged its states to increase coal imports over the next three years to build up supplies and meet demand, four sources told Reuters, a move that should benefit world fuel prices already high due to the war. in Ukraine. The decision to increase imports underscores the severity of India’s fuel crisis, as coal …

High oil prices driving inflation in India, monetary tightening needed - IMF - (A)

Rising oil prices due to the war in Ukraine have pushed up inflation in India, which needs monetary tightening and measures to address structural weaknesses to improve growth potential, a senior IMF official said. The country’s economy is expected to grow 8.2% in 2022-23, down 0.8 percentage points, said Anne-Marie Gulde-Wolf, acting director of the …

PMGKAY - is the expansion of the free grain program a fiscal constraint or a welfare decision - (A)

The union cabinet approved on March 26 a six-month extension (of 1 in addition to his normal quota of food grains under the National Food Safety Act (NFSA)) to Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY). The PDG press release further stated that the government will spend Rs 80,000 crore on 24.4 million tonnes (t) …

Indonesia is contributing to the global food stock with an extended palm export ban - (A)

Indonesia, the world’s largest exporter of cooking oils, will expand its export ban to include crude palm oil, adding to uncertainty in a market that has seen skyrocketing price volatility and threatens to worsen global inflation. food. The ban will extend to crude palm oil, RBD palm oil, and used cooking oil, Coordinating Minister for …

India heat wave disrupts industrial activity as electricity demand rises - (A)

India’s northwestern state of Rajasthan has planned power cuts for factories for four hours, becoming at least the third state to halt industrial activity to cope with surging power demand amid intense heat waves. Extreme heat continued to scorch much of South Asia this week, offering no respite from India’s hottest March on record and …

UANs of EPFO and informal sector workers could become interoperable - (A)

The Employees Provident Fund Organization (EPFO) Universal Account Number (UAN) and the new informal sector workers database are expected to be interoperable to provide a transparent backbone for universal social security coverage in the broader labor market. “One registry and one UAN should be enough for all workers in the labor ecosystem,” a senior government …

Credit Cards are not bad - You just need to understand math to use it wisely - (A)

I’m sure I’m not the only one who says that credit cards are extremely useful. But from time to time they get a bad rap when some misuse them. So does that make credit cards bad? No problem. Some think that credit cards can cause them to spend more than they should. But if so, …

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