Gasoline and diesel usage and pricing Current Affairs, GK & News
Kelkar Committe report made public
The Kelkar’s committee’s recommendations were made public by the government for an informal debate by the stakeholders. The committee has suggested bold reform measures. Kelkar Committe: A 3-member committee headed by the former Finance Secretary and 13th Finance Commission Chairman, Vijay L. Kelkar. Members: a) Vijay L. Kelkar b) Indira Rajaram and c) Sanjiv Mishra ..
Topics: Economy • Economy of India • Finance Commission • Finance Commission of India • Fiscal • Gasoline and diesel usage and pricing • National Food Security Act • Pricing • Transport economics
Political economy of petroleum prices in India – Sailaja Akkem
Pricing of Petroleum in India: The history of pricing of petroleum in India dates back to 1920’s. During the colonial period, the pricing of petroleum was free from Government intervention and was determined mainly by the market forces. After the Second World War, the Government started to regulate the pricing the petroleum products. As a ..
Month: Current Affairs - July, 2012
Category: Government Schemes Current Affairs
Topics: Energy • Energy economics • Gasoline • Gasoline and diesel usage and pricing • Nature • Oil and gas industry in India • petroleum • Petroleum products • Price of oil • Pricing • Tax
Govt gives in-principle nod to free diesel prices
Minister of State for Finance, Namo Narain Meena held that the government has taken an in-principle decision to link diesel prices with market rates. Yet, there is no proposal currently to completely deregulate cooking gas price. He also opined that the government continues to fix the price of diesel in order to protect the common ..
Month: Current Affairs - April, 2012
Topics: Economics • Economy • Energy economics • Gasoline and diesel usage and pricing • Inflation • Kerosene • Namo • Petroleum products • Price of oil • Pricing