{"id":471247,"date":"2022-02-26T09:07:52","date_gmt":"2022-02-26T03:37:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=471247"},"modified":"2022-02-26T09:34:16","modified_gmt":"2022-02-26T04:04:16","slug":"big-hit-on-india-higher-oil-food-prices-duty-rollback-may-help","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/big-hit-on-india-higher-oil-food-prices-duty-rollback-may-help\/","title":{"rendered":"Big hit on India: \u2018Higher oil, food prices; duty rollback may help\u2019"},"content":{"rendered":"<p>Amid the ongoing invasion of Ukraine by Russia, a sustained rise in oil and food prices would adversely affect Asia\u2019s economies through higher inflation, weaker current account and fiscal balances, and a pressure on economic growth. India, Thailand and the Philippines are being seen as the biggest losers, while Indonesia would be a relative beneficiary, Nomura said in a report Friday.<\/p>\n<p>Meanwhile, in a separate report, Icra said impact of excise duty cut on CPI inflation would be muted if such rates are rolled back to pre-pandemic levels, adding that a reduction in excise duty on motor spirit and high-speed diesel to pre-pandemic rates would entail a total revenue loss to the Centre of Rs 920 billion in FY2023.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid the ongoing invasion of Ukraine by Russia, a sustained rise in oil and food prices would adversely affect Asia\u2019s economies through higher inflation, weaker current account and fiscal balances, and a pressure on economic growth. India, Thailand and the Philippines are being seen as the biggest losers, while Indonesia would be a relative beneficiary, Nomura said in a report Friday. Meanwhile, in a separate report, Icra said impact of excise duty cut on CPI inflation would be muted if such rates are rolled back to pre-pandemic levels, adding that a reduction in excise duty on motor spirit and high-speed [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-471247","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/471247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=471247"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/471247\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=471247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=471247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=471247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}