It's too early to assess their effect on real investment and output.
Besides, it loses Rs 15.46 per litre on kerosene and Rs 158.78 per domestic LPG cylinder as the government has not allowed them to revise retail prices.
The blast occurred on Tuesday evening at Himachali Rasoi restaurant, known for serving Himachali cuisines, located in Middle Bazaar adjacent to the fire brigade office in the heart of the city.
Trinamool Congress chief Mamata Banerjee on Friday pulled the plug from the United Progressive Alliance government over the issues of FDI in retail and the recent hike in diesel prices. Following is her statement
Here are the main factors that impact the November 23 elections in the state.
ATF price in Delhi was reduced by Rs 4,765.5 per kilolitre (kl), or 11.9 per cent.
Diesel in Mumbai costs Rs 79.72 per litre at IOC outlets and Rs 79.79 at BPCL outlets.
Jet fuel constitutes over 40 per cent of an airline's operating costs and the price cut will bring relief to the cash-strapped carriers.
The cost of non-subsidised LPG -- the one that consumers buy after exhausting their quota of 12 bottles of 14.2-kg at below market price -- has been cut by Rs 100.5 to Rs 637.
Accusing the United Progressive Alliance government of 'looting' and 'lying' to the country, West Bengal Chief Minister Mamata Banerjee on Thursday said the cap on subsidised LPG cylinders will seriously hit the midday meal scheme. "Is this what the common people expect from reforms? In the name of reforms, 'loot chalche loot' (the country is being looted). To suppress it, 'jhoot chalche jhoot' (the government is lying)," Banerjee wrote on her Facebook page.
Unfazed by the uproar over Foreign Direct Investment in retail and other tough decisions, Prime Minister Manmohan Singh on Saturday indicated that the government may continue with the reforms process and expressed willingness to discuss issues with allies.
The Left parties on Sunday announced a 12-hour all-India general strike on September 20 to protest against government's decision on diesel price, LPG cylinders and FDI in multi-brand retail, coinciding with the agitation by other opposition parties and United Progressive Alliance supporter Samajwadi Party.
The main risk to the fiscal deficit arises from subsidies, which are threatening to far exceed the provision made for them in the Budget.
A blast has been reported outside the Bharatiya Janata Party office in Bangalore, injuring 16 people including seven policemen.
The United Progressive Alliance government has become a symbol of "heartless government" as it has failed to understand the pains of inflation borne by the common man, Bharatiya Janata Party leader Arun Jaitley said on Friday.
If popular is white and populism black, then Mamata Banerjee is a curious shade of grey that may be hard to spot in the colour charts.
The demonstration was staged at the Alka Talkies Square in Pune where the women lit the earthen stove fire using wood and kerosene and offered the tea without milk to the bystanders, even as party workers raised anti-government slogans denouncing the fuel price hike.
Pawar's comments were at variance from ally Shiv Sena-UBT, whose leader Sanjay Raut had said PM Modi should come forward to inform about his academic qualification and that his degree should be displayed at the entrance of the Parliament building.
LPG rates were last hiked on November 1 by Rs 2.05 per cylinder. Prior to that rate was hiked on October 28 by Rs 1.5 per cylinder on account of hike in commission paid to dealers.
On the eve of the much-hyped Chintan Shivir in the pink city, economic issues are back with a bang on the agenda with Union Oil Minister Veerapa Moily choosing to deregulate the price of diesel and allowing oil companies to affect increase in the price of diesel, in the same manner as had happened with petrol. Renu Mittal reports.
The government on Wednesday rolled back its decision to hike LPG price by Rs 5 every month.
On June 11, the state had 470 kilolitres of petrol against the daily requirement of 75 kilolitres and just 7,400 LPG cylinders against 5,508 needed daily.
The calculation is based on annual usage of eight cylinders per household.
The poll panel has asked state Congress chief Govind Singh Dotasra to respond to the notices by 3 pm on Thursday and 7 pm on Friday, respectively.
He said the Tamil Nadu BJP has written to Union Home Minister Amit Shah seeking a transfer of the case to the National Investigation Agency.
Aviation turbine fuel or jet fuel price was on Wednesday hiked by a steep 9.2 per cent, while that of non-subsidised cooking gas was raised by Rs 21 per cylinder.
In a bold suggestion, Minister of State for Petroleum R P N Singh today said affluent people should voluntarily stop buying subsidised LPG and said he will be the first person to pay market price for the fuel, which is Rs 287 per cylinder more than the current rate.
At least 10 persons were 'reported dead' in a fire that broke out inside a stationary train compartment in Madurai railway station in the wee hours of Saturday, the Southern Railway said, adding a 'gas cylinder illegally' taken in led to the blaze.
The Chhattisgarh government has decided to set up model fair-price shops (FPS) in each district and encourage owners to act as banking correspondents for providing financial services. The state has around 12,300 fair-price shops across 33 districts. The state government is, however, encouraging FPS owners to provide a host of services besides acting as a banking correspondent.
'Individual beneficiary desirous of availing the benefits under the scheme (PMUY) is hereby required to furnish proof of possession of Aadhaar number or undergo Aadhaar authentication,' said a gazette notification issued by the ministry of petroleum and natural gas.
Liquefied petroleum gas (LPG) consumers might soon get to exercise an option to not get any subsidised cylinders.
The government on Wednesday put on hold a hike in LPG prices in states including Karnataka, Madhya Pradesh and Kerala, where an increase in local levies had led to a rise in fuel rates.
Cheaper goods and services and stability in overall prices, as well as higher exemption in personal income tax rates is also on the wish list of the common man.
Jet fuel (ATF) price was on Monday hiked by a steep 56.5 per cent and that of non-subsidised cooking gas LPG by Rs 11.5 per cylinder on the back of firming up of international oil rates, but petrol and diesel prices continued to remain on freeze for a record 78th day. Aviation turbine fuel (ATF) price was hiked by Rs 12,126.75 per kilolitre (kl), or 56.5 per cent, to Rs 33,575.37 per kl in the national capital, according to a price notification by State-owned oil marketing companies.
After hike in rates of petrol, diesel and LPG, the prices of CNG and cooking gas piped to household kitchens (PNG) in the national capital were hiked on Thursday by Re 1. CNG price in NCT of Delhi has been increased to Rs 59.01 per kg from Rs 58.01, according to the information posted on the website of Indraprastha Gas Ltd - the firm which retails CNG and piped cooking gas in the national capital. This is the third increase in CNG rates this month, which follows a spike in input (natural gas) prices across the globe.
No immediate comment was available from airlines on the impact of the price hike on passenger fares.
Indian Oil Corporation, the country's largest oil firm, has sought an increase in price of domestic cooking gas LPG by over Rs 103 per cylinder and PDS kerosene by Rs 7.5 a litre, in view of rise in cost of raw material.
This is the tenth hike in the price of petrol in just over a year. With this hike, inflation is likely to rise sharply once again.
The retail selling price of petrol at Delhi would come down by Rs 1.82 a litre.
If the quota is raised to 12, about 97 per cent of the LPG consumers would be covered by subsidised LPG.
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