Petrol prices touch record high at ₹84.20 a litre in NCR
Central and state taxes and the commission of dealers are added to the refinery gate price of auto fuel to arrive at the retail price.
By Utpal Bhaskar | Hindustan Times, New Delhi, New Delhi
PUBLISHED ON JAN 08, 2021 12:47 AM IST
Petrol prices in India on Thursday hit an all-time high, retailing at ₹84.20 a litre in the national capital. The retail price of petrol, which held steady for 29 days, was raised by 26 paise per litre on Wednesday and again by 23 paise a litre on Thursday. The previous all-time high price of petrol was ₹84 a litre on October 4, 2018.
The price of diesel was also raised on Thursday by 26 paise to retail at ₹74.38 per litre in Delhi. It had touched an all-time high of ₹81.94 a litre on July 30, 2020. Central and state taxes and the commission of dealers are added to the refinery gate price of auto fuel to arrive at the retail price.
High fuel prices have added pressure on the government to cut taxes on fuel, amid reports that the Centre is exploring an excise duty cut. The final call will be taken by the finance ministry. Mint earlier reported that the Centre’s receipts from excise duty stood at ₹1.6 lakh crore in the April-October period, up from ₹1.14 lakh crore in the year ago, data from Controller General of Accounts showed.
Topics
Exports dip marginally in February; trade deficit widens to USD 12.88 billion
PTI
PUBLISHED ON MAR 02, 2021 06:59 PM IST
Imports grew 6.98 per cent to USD 40.55 billion during the month, the data showed.
EPFO may declare interest rates on EPF deposits for 2020-21 on March 4
By hindustantimes.com | Edited by Mallika Soni
PUBLISHED ON MAR 02, 2021 06:24 PM IST
- In March 2020, EPFO had reduced the interest rate on provident fund deposits to a seven-year low of 8.5% for 2019-20. The interest rate was 8.65% in 2018-19 and 8.55% for 2017-18. The interest rate was 8.65% in 2016-17.
Spectrum auction ends with ₹77,815 cr bids; Jio top buyer with ₹57,122 cr
PTI
PUBLISHED ON MAR 02, 2021 06:14 PM IST
Telecom Secretary Anshu Prakash said 855.60 MHz of spectrum was bought for ₹77,814.80 crore in the two-day auction.
Need to ensure that startups are not afraid of failure, says Piyush Goyal
PTI
PUBLISHED ON MAR 02, 2021 06:01 PM IST
The minister also said the need of the hour is to engage more with rural India also as there is a lot of talent lying there.
Fuel demand projected to rise 9.8% in year to March 2022
Reuters
PUBLISHED ON MAR 02, 2021 05:54 PM IST
Higher expectation of fuel consumption, a proxy for oil demand, points to a sharp recovery in industrial activity in the economy hit hard by the pandemic.
Krishna Institute of Medical Sciences files ₹700-cr IPO papers
PTI, New Delhi
PUBLISHED ON MAR 02, 2021 05:38 PM IST
Krishna Institute of Medical Sciences (KIMS) is one of the largest corporate healthcare groups in Andhra Pradesh and Telangana in terms of the number of patients treated and treatments offered.
Plastic industry urges govt to streamline raw material supply
PTI, Mumbai
PUBLISHED ON MAR 02, 2021 05:22 PM IST
The plastics processing sector has sought immediate government intervention to ensure raw material supply by Indian petrochemical companies and free imports of raw material that are not produced in the country.
RBI restricting banks from raising stakes in insurance firms: Report
Posted by Kunal Gaurav | Reuters, Mumbai
PUBLISHED ON MAR 02, 2021 05:01 PM IST
The RBI wants banks to focus on their main areas of business instead of locking away capital in non-core sectors.
Delhi-based man arrested for GST fraud of ₹38.91 crore
By HT Correspondent | Edited by Smriti Sinha
PUBLISHED ON MAR 02, 2021 04:47 PM IST
The person had created a fake firm under his name and was linked to a multilayered network of 38 other fictitious entities to dupe the government by claiming fake ITC through bogus bills, said the finance ministry in a statement
Bharti Airtel buys airwaves worth $2.6 billion at spectrum auction
Bloomberg
PUBLISHED ON MAR 02, 2021 04:03 PM IST
The carrier, led by billionaire Sunil Mittal, acquired 355.45 megahertz airwaves across multiple spectrum bands for 186.99 billion rupees ($2.55 billion), according to a statement from the company Tuesday.
Sensex ends 447 points up, Nifty settles above 14,900
UPDATED ON MAR 02, 2021 04:04 PM IST
- The 30-share index swung nearly 633 points during the session, before ending at 50,296.89, showing a rise of 447.05 points or 0.90 per cent.
With 209 billionaires, India ranks third in 10th Hurun Global Rich List 2021
ANI, Mumbai, Maharashtra
PUBLISHED ON MAR 02, 2021 03:09 PM IST
"Asia has, for the first time in perhaps hundreds of years, more billionaires than the rest of the world combined. Wealth creation is moving to Asia," said Hurun Report chairman and chief researcher Rupert Hoogewerf.
Foreign Investors Forum urge relaxation of tax norms for foreign nationals India
PTI
PUBLISHED ON MAR 02, 2021 03:01 PM IST
Under the current Income Tax provisions, the global income of foreigners is taxed if they stay in India for more than 182 days in a year, thus increasing their personal tax liability in the country.
Indian economy on 'upswing,' says ex-NITI Aayog vice chairman Arvind Panagariya
PTI
PUBLISHED ON MAR 02, 2021 02:53 PM IST
In an interview with PTI, Panagariya also said that the government's plans for increased spending comes in the backdrop of pro-growth reforms.
85% of Indian women miss out on a raise, promotion because of gender: Report
By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON MAR 02, 2021 02:48 PM IST
More than 7 in 10 working women and working mothers feel that managing familial responsibilities often come in their way of career development, the LinkedIn Opportunity Index 2021 shows.