Globally, natural gas is being used for industrial purposes and power generation, but in India much of it is being used in transportation and the fertiliser industry. In transportation, gas is replacing oil while in the fertiliser industry it is replacing naphtha. Gas prices in India have been lower than the import price, still power …
The current high inflation has been fuelled by the rising prices of essential commodities, which people have to continue to buy, irrespective of the higher interest rates that may only reduce the demand for goods such as consumer durables. In such a situation, raising interest rates will only hurt economic growth without lowering inflation, argues …
There has been a concern that the failure of the Cancun Ministerial does not augur well for the WTO. However, it may not necessarily be so. Read More at: