The Centre will soon write to the states to bring uniformity in the Value Added Tax on oil products so that benefits of price cuts filter down to the masses.
Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation are losing Rs 486 crore (Rs 4.86 billion) per day as they are made to sell diesel, domestic LPG and kerosene way below cost to keep inflation under check.
It noted that the government could not accurately anticipate the gravity of the possible resurgence of the pandemic and its subsequent waves.
The Congress on Monday described as a "blot on democracy" the suspension of its four MPs for the rest of the monsoon session for disrupting proceedings in the Lok Sabha, alleging the government was trying to "intimidate" the party but it would not be cowed down.
A 14.2-kg subsidised LPG cylinder will cost Rs 494.99 in Delhi, while non-subsidised LPG rates have been cut by a steep Rs 120.50 per cylinder
'All restaurants and pubs must treat the issue seriously and appoint safety officers. This chalta hai attitude cannot work.'
India's economy grew 6.1 per cent in the fourth quarter of 2022-23, pushing up the annual growth rate to 7.2 per cent, official data showed on Wednesday.
LPG price was increased to Rs 858.50 per 14.2 kg cylinder from Rs 714 previously, according to a price notification from State-owned oil firms. This is the steepest hike in rates since January 2014, when prices had gone up by Rs 220 per cylinder to Rs 1,241.
When household bills for Liquefied Petroleum Gas (LPG) jump over 60 per cent for those using 12 refills a year, the increase in the price of cooking fuel will beat that of petrol.
In the first reduction in rate in two months, jet fuel or ATF price on Thursday was cut by 3 per cent in line with softening international crude oil prices. Aviation turbine fuel (ATF) price was reduced by Rs 1,887 per kilolitre, or 3 per cent, to Rs 58,374.16 per kl in the national capital, according to a price notification of state-owned fuel retailers. This is the first reduction in rates after four rounds of increase since February. Rates were increased by Rs 3,246.75 per kl on February 1, followed by a 3.6 per cent hike on February 16, and a steep 6.5 per cent raise on March 1. On March 16, prices were again raised by Rs 860.25 per kl. On Thursday, a Rs 10 per cylinder reduction in price of domestic cooking gas LPG also came into effect.
Reliance Industries Limited on Wednesday became the first Indian company to hit the Rs 19 lakh crore market valuation mark following a rally in its share price. The market heavyweight stock jumped 1.85 per cent to its record high of Rs 2,827.10 on the BSE. Following the gain in the share price, the company's market valuation jumped to Rs 19,12,814 crore in morning trade on the BSE.
One of the major challenges before the government is that the annual average refill by a PMUY consumer is 3.28 cylinders compared to seven for others.
Earlier, the top court had stayed the contempt proceedings against the Central government officials initiated by the Delhi high court over the issue.
Rates have been on the upswing since October, 2016.
I-T dept launches Tatkal system for those who desire to help the victims of the earthquake in Nepal.
The worst is over. It is not raining now. The forecast says it will, but the sun is shining outside the office window - that, and the way Mumbaikars opened their homes, offices and hearts is reason to cheer.
Likening Prime Minister Narendra Modi to the character of an arrogant king, 'ahankari raja', from stories of yore, Congress general secretary Priyanka Gandhi Vadra on Friday said he is unable to understand that the 'jawan' who has kept the country safe is also the son of a farmer.
All subsidies will be eliminated by March 2018
Never have I been so thankful for my decision to quit my life in Mumbai and shift to Santiniketan as I have been in these times of the coronavirus.
A group of four-five 'Nihangs' (Sikhs armed with traditional weapons and dressed in loose blue top) were travelling in a vehicle and they were asked to stop at a vegetable market by the Mandi board officials at around 6.15 am, police said.
It's the sovereign right of the Organization of Petroleum Exporting Countries to decide on the oil production capacities, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri said Friday. Refraining from commenting on the controversial decision of OPEC on cutting oil production by two million barrels a day, which has taken the world by surprise, Puri said it is likely to be scrutinized very carefully. During an interaction with a group of Indian reporters, he said that India as one of the major consumers of oil and gas also has a major say in the global oil market.
The police have put up barricades, tippers and rolled out water cannons to prevent protesting farmers from entering Chandigarh.
A 14.2-kg subsidised LPG cylinder in Delhi will now cost Rs 507.42 as against Rs 505.34 previously, according to a price notification of State-owned fuel retailers.
Authorities at several private hospitals in the national capital on Monday scampered to refill their oxygen stocks as the lives of many COVID patients hung by a thin thread amid an acute shortage of the life-saving gas.
Most of the farmers have brought at least two trolleys with each tractor with one of them carrying ration and other essentials and the other being used to accommodate the protesters.
Moily insisted that no proposal has been moved to the Cabinet for raising diesel rates beyond the 40-50 paise a litre monthly increase, which has been implemented since January.
Punjab has sent an email saying that four deaths suspected to be due to lack of oxygen have been reported in a private hospital in Amritsar district, Union health minister Mansukh Mandaviya said in a written reply.
The Congress surveys, at least until now, have indicated the nationalistic fervour over the Pulwama terror attack is more an effort by mainstream media outlets, like news channels and newspapers, to shape a particular narrative, when the people on the ground are still asking basic questions of livelihood, jobs and better price for farm produce.
Chaudhary sent his resignation immediately after assuming charge at 1 pm, informed sources said.
Describing DBT for LPG as a 'tremendous success,' Oil Minister M Veerappa Moily said the programme, when implemented throughout the country, would help save Rs 8,000-9,000 crore (Rs 80-90 billion) of subsidy from going to unintended beneficiaries.
Responding to Shagh, National Conference leader Omar Abdullah said the country was suffering from too much "ODOMOS- overdose of only Modi only Shah".
'Earlier, a lot of fear was in the minds of people that the BJP is anti-Christian and anti-minority, but over the years people have learnt to accept that the BJP is just another national party.'
The costs of providing free vaccines are way lower than the costs of a freewheeling epidemic.
The BJP's manifesto speaks about the Prime Minister's vision of making 'Atmanirbhar Bihar'.
Only a leader with sufficient moral authority with voters can pull off such experiments, notes T N Ninan.
The Congress needs to reorganise itself at the grassroots, infuse younger blood, and have more boots on the ground. Just offering freebies is not the answer anymore. Leadership matters, asserts Ramesh Menon.
Targeting parties who are opposing the note ban, he claimed some people are upset as his decision has struck the "ring leader of thieves".
Intensifying its efforts, the Indian Navy has deployed nine warships to bring liquid oxygen and other medical supplies from several countries in Persian Gulf and south-east Asia as hospitals across India continued to reel under acute shortage of the life-saving gas following a massive surge in COVID-19 cases.
