Economy News

After petrol, Maharashtra reduces diesel rates

After petrol, Maharashtra reduces diesel rates

However, Maharashtra cut VAT only on petrol, attracting criticism that it was acting in the interests of the affluent sections of people.

Oct 05, 2018, 21:26 PM IST
Day after Centre's appeal, Chandigarh Administration slashes petrol, diesel prices by Rs 1.50/litre

Day after Centre's appeal, Chandigarh Administration slashes petrol, diesel prices by Rs 1.50/litre

The new prices will come into effect from Friday midnight.

Oct 05, 2018, 19:41 PM IST
RBI keeps repo rate unchanged at 6.5%

RBI keeps repo rate unchanged at 6.5%

Five out of the six-member Monetary Policy Committee (MPC) voted in favour of keeping the repo rate unchanged.

Oct 05, 2018, 14:38 PM IST
US oil exports fall as India turns to Iran ahead of sanctions

US oil exports fall as India turns to Iran ahead of sanctions

US oil shipments to India fell to 84,000 barrels per day (bpd) last month, down 75 percent from a record high of 347,000 bpd in June, Kpler data showed. India accounted for 12 percent of US crude

Oct 05, 2018, 14:25 PM IST
List of states where fuel prices has become cheaper by Rs 5

List of states where fuel prices has become cheaper by Rs 5

Maharashtra has decided to reduce only the price of petrol by Rs 2.50 per litre.

Oct 05, 2018, 10:45 AM IST
RBI monetary policy today; rate hike expected as rupee slide accelerates

RBI monetary policy today; rate hike expected as rupee slide accelerates

Anticipation of a rate hike has increased in the past month as oil prices climbed, the rupee`s slide accelerated and concerns on liquidity emerged.

Oct 05, 2018, 09:15 AM IST
Key states follow Centre, slash petrol, diesel prices by Rs 5 per litre

Key states follow Centre, slash petrol, diesel prices by Rs 5 per litre

The Centre's move to cut fuel price has come as a big relief to te common man.

Oct 04, 2018, 23:27 PM IST
Easing ECB norms for oil firms may not arrest Re slide: BofAML

Easing ECB norms for oil firms may not arrest Re slide: BofAML

The government's earlier moves like tariff hikes on non-essential items were also "not significant either", the American brokerage said in a note.

Oct 04, 2018, 17:42 PM IST
After Centre's appeal, key states slash petrol, diesel prices by Rs 5 per litre

After Centre's appeal, key states slash petrol, diesel prices by Rs 5 per litre

Mumbai has the highest VAT of 39.12 percent on petrol, while Telangana levies the highest VAT of 26 percent on diesel.

Oct 04, 2018, 16:31 PM IST
Centre cuts excise duty on fuel by Rs 1.50 per litre, Oil companies to absorb Re 1 per litre

Centre cuts excise duty on fuel by Rs 1.50 per litre, Oil companies to absorb Re 1 per litre

The reduction excise duty will come immediately into effect once it has been officially notified by the OMCs.

Oct 04, 2018, 15:30 PM IST
FinMin allows OMCs to borrow $10 billion with 5 years maturity in phased manner

FinMin allows OMCs to borrow $10 billion with 5 years maturity in phased manner

OMCs will not be required to hedge their exposure.

Oct 04, 2018, 14:42 PM IST
Direct tax collections till September at Rs 5.47 lakh crore

Direct tax collections till September at Rs 5.47 lakh crore

The net Direct Tax collections represent 38.6 percent of the total Budget Estimates of Direct Taxes for FY 2018-19.

Oct 04, 2018, 12:52 PM IST
Air travellers can use facial recognition to enter airports, new Digi Yatra ID by 2019

Air travellers can use facial recognition to enter airports, new Digi Yatra ID by 2019

The Digi Yatra platform would be operational by February 2019.

Oct 04, 2018, 12:48 PM IST
Fuel price hike: Petrol breaches Rs 84-mark in Delhi, nears Rs 92 in Mumbai

Fuel price hike: Petrol breaches Rs 84-mark in Delhi, nears Rs 92 in Mumbai

Fuel prices have been witnessing a steep rise since the past few months.

Oct 04, 2018, 08:10 AM IST
Several Indian companies debarred by World Bank for fraudulent, corrupt practices

Several Indian companies debarred by World Bank for fraudulent, corrupt practices

In its latest annual report on Wednesday, the World Bank said Olive Health Care and Jay Modi from India have been debarred from for their fraudulent and corrupt practices. 

Oct 04, 2018, 05:53 AM IST
Cabinet hikes minimum support price of wheat by Rs 105 per quintal

Cabinet hikes minimum support price of wheat by Rs 105 per quintal

The MSP of wheat was Rs 1,735 per quintal in the 2017-18 crop year.

Oct 03, 2018, 17:55 PM IST
PIN code made mandatory for generating e-way bill

PIN code made mandatory for generating e-way bill

Quoting of PIN codes, according to officials, will help in calculating the correct distance and determine the validity of the electronic way or e-way bill, which is used by businesses to transport

Oct 03, 2018, 17:50 PM IST
RBI rate-setting panel begins three-day meet

RBI rate-setting panel begins three-day meet

After two successive hikes, the repo rate currently stands at 6.50 percent.

Oct 03, 2018, 15:56 PM IST
PSBs recapitalisation: Government to release 2nd tranche of funds soon

PSBs recapitalisation: Government to release 2nd tranche of funds soon

The government last year unveiled an unprecedented Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks.

Oct 03, 2018, 15:14 PM IST
Petrol, diesel price on 3rd October 2018: Check out rates in metro cities

Petrol, diesel price on 3rd October 2018: Check out rates in metro cities

On Tuesday, fuel prices went further up continued the upward trend across the country as the petrol price was hiked by 0.12 paisa and diesel by Rs 0.16 in Delhi.

Oct 03, 2018, 09:35 AM IST