Crude oil at $80 a barrel: How this will impact Modi govt’s fiscal maths

Crude oil at $80 a barrel: How this will impact Modi govt’s fiscal maths

Soon after global crude oil prices hit $80 a barrel, the government said it expected an increase of $25-50 billion in the import bill for 2018-19. That could lead to an oil import bill of $130-155 billion. India’s crude oil import bill for 2018-19 was estimated at $105 billion, according to the petroleum ministry’s Petroleum Planning and Analysis Cell (PPAC).

A new journey for India and Nepal

A new journey for India and Nepal

The Raxaul-Kathmandu rail link has the potential of having a ‘transformational impact’ on the region. During the just-concluded visit to Nepal, termed “historic” by Prime Minister Narendra Modi himself, he and his host, Nepalese Premier KP Sharma Oli,

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