Petrol, diesel rates on the rise again: Knee-jerk cut in taxes may calm down public temper transiently but makes little economic sense
Petroleum products are sitting ducks in view of their inelastic demand which emboldens the government to tax it as it pleases as evident by the approximate 25 percent central excise and approximate 25 percent state VAT on petroleum products together accounting for nearly 50 percent of the petrol bunk price
Afghanistan security forces fully engaged in combat military operations for first time, says Jim Mattis
Defence Secretary Jim Mattis told lawmakers that the Afghanistan security forces are fully engaged in combat military operations for the first time during the 16-year-old war.
It is worth noting that Donald Trump will host Narendra Modi in their first face-to-face meeting on 26 June at the White House, not the US president's favourite Mar-a-Lago retreat where he schmoozed with Chinese president Xi Jinping or Japanese prime minister Shinzo Abe.