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20 June, 2018 5:31 PM GST on fuel may not be ‘pure’, says official

Peak tax rate of 28% plus VAT likely A peak tax rate of 28%, plus States levying some amount of local sales tax or VAT on petrol and diesel, is likely to be the tax structure when the two auto fuels are covered under the GST regime, said a top government official. The peak GST rate plus VAT would be equal to the present tax incidence, which is made up of excise 19

17 June, 2018 4:20 AM Diesel Prices Slashed Today After Gap Of 4 Days, Petrol Prices Remain Stable. Check Rates Here

Petrol prices on Sunday were again stable for second straight day. According to the rate chart, petrol price in Delhi today is at Rs. 76.35 per litre, same as Friday and Saturday. In Mumbai, petrol price is Rs. 84.18 per litre. In Chennai and Kolkata, petrol prices are Rs. 79.24 per litre and Rs. 79.02 per litre respectively. However, diesel prices were revised 37

16 June, 2018 5:22 PM Indian LPG, kerosene cheapest in subcontinent

Petrol cheapest in Pakistan, diesel charged the lowest in Sri Lanka, according to data by PPAC Even as petrol and diesel prices in the country shoot up and decline in tune international crude prices, Indian consumers may take some solace from comparisons of prices of cooking gas and kerosene in India with its neighbours. Prices in the country for these 36

13 June, 2018 6:50 AM Crude oil futures slip 0.29% on global cues

Crude oil futures slipped 0.29 percent to Rs 4,465 per barrel today, in step with a weak trend in Asia, as traders cut down their exposure. Crude oil for delivery in the current month fell by Rs 13, or 0.29 percent, to Rs 4,465 per barrel, with a business volume of 1,551 lots at the Multi Commodity Exchange (MCX). Also, oil prices for July delivery moved 50

10 June, 2018 4:31 PM FPIs infuse ₹2,241 crore in equities

Foreign investors poured in more than ₹2,200 crore in the Indian equity markets in the last six trading sessions on the back of easing of global crude oil prices and revival in corporate earnings. This comes following a net outflow of over ₹15,600 crore in equities during last two months. Prior to that, foreign portfolio investors (FPIs) had pumped in ₹11,655 crore 32

7 June, 2018 4:53 PM Sensex, Nifty gain ground for second straight session

Firm global trend, domestic cues boost sentiment A strong global trend, along with positive domestic cues, helped the benchmark equity indices gain significant ground on Thursday. Investor sentiment improved after the recent correction in crude prices and the World Bank forecast that India would be the world’s fastest-growing economy in the next three 38

7 June, 2018 4:44 PM HDFC Bank increases lending rate by 10 bps

HDFC Bank , the second largest private sector lender of the country, increased its marginal cost of fund-based lending rate (MCLR) by 10 basis points (bps) across various loan tenures. As a result, its one-year MCLR is now at 8.4%. The new rates came into effect from Thursday, according to the bank’s website. The move comes after all major banks, including 36

2 June, 2018 2:44 PM Mumbai Congress holds 'tweet morcha' against rising fuel prices

The protest, with the hashtag #cutfueltaxes and #tweetmorcha, got 7,629 tweets within one-and-half hours. The Mumbai Congress today organised a "tweet morcha" to protest against continuously rising fuel prices. The protest, with the hashtag #cutfueltaxes and #tweetmorcha, got 7,629 tweets within one-and-half hours, the organisers said. The Congress' 42

31 May, 2018 4:45 PM April infrastructure output grows 4.7%

India’s annual infrastructure output grew 4.7% in April from a year ago, government data showed on Thursday. The growth in output compares with an upwardly revised 4.4% year-on-year growth in March. Infrastructure growth slowed to a three-year low of 4.2% in 2017/18 fiscal year, indicating Prime Minister Narendra Modi faces a tough challenge to boost 38

30 May, 2018 3:17 AM Petrol price cut by 60 paise per litre; diesel price down by 56 paise per litre

After incessant hike in fuel prices for 16 consecutive days, prices of petrol and diesel finally saw a reduction on Wednesday. Price of petrol was slashed by 60 paise per litre in Delhi and 59 paise per litre in Mumbai. There was a reduction of 56 paise per litre in the price of diesel in Delhi, whereas in Mumbai the price came down by 59 paise per litre 64