The Rs 2 per litre excise duty on unblended fuel is not likely going to impact most consumers according to officials from oil marketing companies. This additional duty on petrol proposed in the Budget 2022-23 will have to be absorbed by the oil companies instead. Highlighting Centre’s focus, Finance Minister Nirmala Sitharaman said, “Blending of fuel is
READ MOREWhile presenting the Union Budget on Tuesday, Finance Minister Nirmala Sitharaman stressed the “overall sharp rebound and recovery” of the Indian economy from the Covid-19 pandemic. Yet this optimism did not extend to the Budget’s numbers, which assumed that nominal growth in 2022-23 would be 11.1 per cent in spite of a global inflationary environment and the
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Jet fuel price on Tuesday rose to record levels across the country following a steep 8.5 per cent hike necessitated due to a spike in international oil prices. While the jet fuel or Aviation Turbine Fuel (ATF) price has been hiked for the third time in a month, petrol and diesel prices remained unchanged for
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Prime Minister Narendra Modi will address the 30th National Commission for Women (NCW) Foundation Day programme on Monday via video-conferencing, his office said. The state commissions for women, the departments for women and child development in the state governments, university and college teaching faculty, students, voluntary organisations, women entrepreneurs and business associations will be part
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With 2,35,532 people testing positive for the COVID-19 infection in a day, India’s total tally of cases increased to over 4.08 crore, according to the Union Health Ministry data updated on Saturday. The death toll has climbed to 4,93,198 with 871 fatalities reported during the 24-hour period, the data updated at 8 am showed. The
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Oil prices rose on Friday, set for their sixth weekly gain, amid concerns of tight supplies as major producers continue their policy of limited output increases amid rising fuel demand. Brent crude futures climbed 49 cents, or 0.6%, to $89.83 a barrel at 0310 GMT, after falling 62 cents during the previous day. However, prices
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