Global crude oil prices have been rising sharply in the aftermath of the drone missile strikes on key oil facilities in Saudi Arabia that halted 5 per cent of the global supply.
Mentioning that reducing pollution is in the national interest, Minister of Road Transport and Highways Nitin Gadkari said that it was not correct to blame only vehicles for the problem of pollution
Finance Minister Sitharaman announced a surcharge on individuals having taxable income of Rs 2 crore to Rs 5 crore and for those above Rs 5 crore which will hike their effective tax rate by 3 percent and 7 percent respectively.
Maruti may phase out small diesel cars but India's bizarre fuel emission policy to jump straight from Euro 4 to Euro 6 will do little to check pollution. Why not incentivise hybrid cars?