inflation Archives - National Times

25 May

AAP Blasts Central Government Over Spiralling Fuel Prices Ahead of Punjab Local Body Polls

Gurpreet Singh0 CommentsPunjabAAP, BJP, fuel price, Harpal Singh Cheema, inflation, Punjab

Chandigarh (Gurpreet Singh): Senior Aam Aadmi Party (AAP) leaders including Punjab Finance Minister Harpal Singh Cheema, attacked the BJP-led Central Government over the repeated hike in petrol and diesel prices over the last 10 days. They said petrol and diesel have become nearly ₹8 per litre costlier after four consecutive hikes, pushing farmers, transporters, traders and middle-class families into deeper financial distress. They revealed that while inflation continues to rise, the Modi Government is burdening ordinary people to benefit big corporate houses. The leaders said the diesel price hike during the paddy sowing season will directly hit farmers and further…

18 May

Punjab CM Bhagwant Mann Accuses Centre of Imposing Undeclared Lockdown and Hiding Economic Realities

Gurpreet Singh0 CommentsPunjabBhagwant Mann, Economic transparency, fuel prices, inflation, Modi government, voter revision

Patna (Gurpreet Singh): Launching a sharp attack on the BJP-led Union Government over rising inflation, restrictions on citizens, and alleged manipulation of democratic processes, Punjab Chief Minister Bhagwant Singh Mann on Monday said the Narendra Modi-led Centre has pushed the country into an “undeclared lockdown” while hiding the true state of the economy from people. Pointing out that the Centre artificially suppressed fuel prices until elections and is now burdening citizens immediately afterwards, CM Bhagwant Singh Mann demanded that the Union Government publicly disclose the actual status of India’s oil, gas, and gold reserves. The Chief Minister asserted that the…

15 May

AAP Punjab Chief Aman Arora Slams Central Government Over Post-Election Fuel Price Hikes

Gurpreet Singh0 CommentsPunjabAAP protest, Aman Arora, Fuel Hike, inflation, Punjab politics

Chandigarh (Gurpreet Singh): Aam Aadmi Party (AAP) Punjab President and Cabinet Minister Aman Arora on Friday strongly condemned the BJP-led Central Government over the continuous rise in fuel prices and inflation, stating that the BJP-led government has pushed common people, farmers and small businesses into financial distress while favouring a handful of corporate houses. Addressing a press conference, AAP Punjab State President Aman Arora said the entire country is witnessing the suffering caused by rising inflation despite the tall promises made by PM Modi before coming to power 12 years ago. “The BJP Government has once again burdened common people,…

15 May

AAP Criticizes Central Government for Fuel Hikes Targeting Punjab’s Farming Community

Gurpreet Singh0 CommentsPunjabAAP protest, Agricultural Crisis, Diesel Price, Fuel Hike, inflation, Kuldeep Dhaliwal, Punjab farmers

Chandigarh (Gurpreet Singh): Aam Aadmi Party (AAP) Punjab Chief Spokesperson and MLA Kuldeep Singh Dhaliwal on Friday strongly condemned the BJP-led Central Government over the steep increase in diesel, petrol and CNG prices, calling the move anti-national, anti-Punjab and outright anti-farmer. Addressing a press conference alongside AAP leader Prabhvir Brar, AAP Punjab Chief Spokesperson Kuldeep Singh Dhaliwal said the Narendra Modi-led government has once again delivered a massive inflation shock to the people of the country and exposed its anti-people mindset by pushing common citizens, farmers and labourers deeper into financial distress. “The timing of the diesel price hike has…

15 May

AAP Launches Statewide Demonstrations in Punjab Over Escalating Fuel Costs

Gurpreet Singh0 CommentsPunjabAAP Punjab, Diesel Hike, Fuel Protest, inflation, Ludhiana protest, Petrol Price

Chandigarh (Gurpreet Singh): As petrol prices rose soon after the conclusion of elections in five states, the Aam Aadmi Party (AAP) launched demonstrations across Ludhiana, Amritsar and Jalandhar, calling out the BJP-led central government for pushing the country deeper into inflation after first increasing gas cylinder prices and now fuel rates. AAP leaders said that after the conclusion of elections in five states, the Central BJP government has continuously increased first the price of gas cylinders and now petrol prices, which has placed an economic burden on the lives of common people. They said that the foreign and domestic policy…

03 Mar

India’s Energy Shield: Six to Eight Weeks of Fuel Buffer Amid West Asia Conflict

Gurpreet Singh0 CommentsBusiness, Indiacrude oil imports, Energy Security, inflation, Strategic Petroleum Reserves, West Asia Conflict

New Delhi (Gurpreet Singh): India holds sufficient crude oil and fuel inventories to meet domestic demand for six to eight weeks, providing a critical cushion against short-term supply disruptions caused by escalating military conflict in West Asia. High-level government sources confirmed that the country is well-prepared to navigate the crisis triggered by joint U.S. and Israeli strikes on Iranian facilities, which has effectively halted tanker movements through the strategic Strait of Hormuz. The Ministry of Petroleum and Natural Gas has established a 24x7 control room to monitor the situation "on a daily and hourly basis." While approximately 50 per cent…

03 Mar

Global Oil Markets Shaken: Gas Prices Rise as Middle East Tensions Escalate

Rajeev Sharma0 CommentsBusiness, CanadaGas prices, inflation, Middle East conflict, Oil market, Strait of Hormuz

Ottawa (Rajeev Sharma): Canadian motorists are facing immediate pressure at the pumps this week as North American oil markets react to a significant escalation of conflict in the Middle East. Following a joint military operation by the U.S. and Israel against Iran on Saturday, concerns over the stability of global energy supply chains have sent crude prices on a volatile upward trajectory. The primary focus for market analysts is the Strait of Hormuz, a narrow yet vital waterway on Iran's southern border. Currently, approximately 20 per cent of the world's crude oil passes through this chokepoint. Over the weekend, several…

02 Mar

Bank of Canada Warns Potential Rate Hikes May Be Necessary Despite Weak Economic Growth

Rajeev Sharma0 CommentsBusiness, CanadaBank Of Canada, inflation, Interest rates, Monetary policy, Rate hikes, Reuters, Sharon Kozicki, Supply shocks

Ottawa (Rajeev Sharma): The Bank of Canada has issued a cautious warning that interest rate increases may occasionally be required even during periods of economic stagnation, as the country prepares for significant structural shifts and potential global supply shocks. Speaking in Norway on Monday, March 2, 2026, Deputy Governor Sharon Kozicki addressed the "difficult trade-off" that central banks face when inflationary pressures are driven by supply-side disruptions rather than domestic demand. She noted that while it might seem counterintuitive to tighten monetary policy during a weak economy, such restraint is essential to prevent inflation from becoming persistent. Kozicki identified several…

02 Feb

Arvind Kejriwal Slams Union Budget 2026-27, Says It Fails to Address Unemployment and Inflation

Rajeev Sharma0 CommentsIndiaAAP, Arvind Kejriwal, Goa, inflation, unemployment, Union Budget 2026-27

New Delhi, February 2, 2026: Aam Aadmi Party (AAP) national convener Arvind Kejriwal on Sunday strongly criticised the Union Budget 2026-27, claiming it lacks a clear strategy to deal with rising unemployment and inflation. Kejriwal said that, from a national standpoint, the Budget would worsen inflationary pressures and lead to further job losses, at a time when employment and price rise remain the biggest concerns for the country’s youth. “There is no concrete roadmap for job creation in this Budget. Instead, it will push inflation even higher,” Kejriwal alleged, adding that young people continue to suffer due to the absence…