ATIKU MUST EXPLAIN THE LEGAL AND FISCAL BASIS OF HIS PETROL SUBSIDY PROPOSAL. (PHOTO). #PRESS RELEASE.

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 APC PRESIDENTIAL CAMPAIGN COUNCIL PRESS STATEMENT ATIKU MUST EXPLAIN THE LEGAL AND FISCAL BASIS OF HIS PETROL SUBSIDY PROPOSAL At his press conference in Abuja on Friday, Alhaji Atiku Abubakar reiterated his proposed  “production subsidy” for locally refined petrol, which he said would reduce pump prices. He went further to ask President Bola Tinubu to slash the cost of diesel and petrol at the pump. That proposal raises important legal, fiscal and practical questions that he must answer. Section 205(1) of the Petroleum Industry Act 2021 provides that unrestricted free-market conditions shall determine wholesale and retail prices of petroleum products. The Nigerian Midstream and Downstream Petroleum Regulatory Authority, in a statement on Saturday, explained that it neither fixes pump prices nor issues administrative price templates, except where the statutory conditions for intervention are met. The PIA provisions guide its function.  At the moment, “No such market fail...
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THE THAILAND EMBASSY IN NEW DELHI ANNOUNCED THAT INDIAN PASSPORT HOLDERS WILL BE ABLE TO APPLY FOR E-VISAS STARTING JANUARY 1, 2025.(PHOTO).

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 The Thailand Embassy in New Delhi announced that Indian passport holders will be able to apply for e-visas starting January 1, 2025. 

The facility will allow applicants to submit their visa applications online but will require offline payment of visa fees, according to a statement reported by ANI. The embassy clarified that the 60-day visa exemption for tourism and short business visits will remain in effect until further notice.


The embassy noted that details about the offline payment process will be shared later by respective embassies and consulates. It also emphasized that visa fees are non-refundable under all circumstances. Additional information on the e-visa system will be provided in due course. This move adds to the existing visa-on-arrival facility, which is already available to Indian travelers.


Thailand is a popular destination for Indian tourists, with cities like Bangkok, Pattaya, Phuket, and Chiang Mai among the top attractions. The country also draws Indian wedding planners and honeymoon tourists. In 2019, more than 2 million Indian tourists visited Thailand, and post-pandemic, Indian arrivals have surged, boosting Thailand’s economy.


On the same day, Thailand’s government introduced measures to address the country’s household debt crisis, which stands at $500 billion, the highest in Southeast Asia. Prime Minister Paetongtarn Shinawatra’s administration announced a three-year suspension of interest payments for 1.9 million borrowers with loans worth $26 billion. Borrowers will also be allowed to reduce their principal payments, easing their financial burden.

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