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Raise Diesel Price, Curb Inflation: Swaminathan Aiyar

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India has stringent price controls on diesel and other petroleum products, yet, wholesale price inflation is 7.3% and consumer price inflation is almost 10%. Under-recoveries of oil marketing companies are a whopping Rs 2,00,000 crore a year. This is six times the Rs 33,000 crore being spent on the government’s flagship employment scheme MNREGA. This wrecks all priorities in spending……..Read More

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