GST Won’t Stop Oil Price Fluctuations: Sanyal

GST Won’t Stop Oil Price Fluctuations: Sanyal

The inclusion of petroleum products under the Goods and Services Tax (GST) will not prevent price fluctuations as India is a massive importer of crude and domestic prices will reflect global price movements, said Sanjeev Sanyal (in pic), principal economic advisor in the finance ministry.

Price control may come back to iron ore, coal

Price control may come back to iron ore, coal

The government is planning to bring in fresh checks on pricing of natural resources such as iron ore and coal. An inter-ministerial group, led by the steel ministry and Niti Aayog, will begin work soon to determine whether a pricing cap should be put to prevent profiteering by miners.