There's a perfect storm heading our way, warns Swaminathan Aiyar - Economic Times

Prime Minister Narendra Modi named states yesterday who had not reduced value added tax or VAT on petrol and diesel despite an excise duty cut by the Union Government, leading to swift reactions from other political parties.

The Indian middle-class will have to brace for a dent in their pockets caused by global fuel price rise, and further hammered by an expected soaring of edible oil prices. "These are very tough times… [+4485 chars]

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