CHENNAI: Amid an outcry over record high petrol and diesel prices, Union Finance Minister Nirmala Sitharaman on Saturday said the Centre and state governments will have to together work out a mechanism to bring retail rates to reasonable levels.
As much as 60 per cent of the retail price of petrol, which shot above Rs 100-mark in some places in Rajasthan and Madhya Pradesh and is at an all-time high elsewhere in the country, is made up of central and state taxes. Taxes make up for about 56 per cent of the record high diesel rates.
Sitharaman, who had increased central excise duty on petrol and diesel by a record margin last year to mop up gains arising from international oil prices plunging to a two-decade low, remained non-committal on cutting taxes to give relief to consumers.
Bu hikaye Millennium Post Delhi dergisinin February 21, 2021 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Millennium Post Delhi dergisinin February 21, 2021 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
![It’s good for my profile if] play in India but there are too many functions: Neeraj](https://reseuro.magzter.com/100x125/articles/19571/1693747/zJlGbQO4O1715290079828/ITS-GOOD-FOR-MY-PROFILE-IF-PLAY-IN-INDIA-BUT-THERE-ARE-TOO-MANY-FUNCTIONS-NEERAJ.jpg)
It’s good for my profile if] play in India but there are too many functions: Neeraj
Based abroad for training most of the time, Olympic champion Neeraj Chopra on Thursday acknowledged that his stardom sometimes comes in the way of training and competing in India.
Bowlers complement Kohli, Patidar as Bengaluru beat Punjab by 60 runs
Virat Kohli and Rajat Patidar conjured up superlative fifties before the bowlers joined the party as Royal Challengers Bengaluru kept their slim playoff hopes alive with a huge 60-run win over Punjab Kings in the IPL here on Thursday.
Household savings decline due to rising home, auto and personal loans
However, the trend could reverse in 2024-25 as RBI has taken measures to curb unsecured personal loans, ICRA Chief Economist Aditi Nayar said
BPCL posts highest-ever profit of 26,674 cr in FY24
State-owned Bharat Petroleum corporation Ltd (BPCL) has recorded its highest-ever annual net profit of Rs 26,673.50 crore in FY24 as compared to the profit of Rs 1,870.10 crore in FY23.
Equity MF's inflow drops 16% to 718,917 crore in April, SIP contributions cross 20K crore mark
Equity mutual funds attracted Rs 18,917 crore in April, marking a slump of 16 per cent from the preceding month, on a huge decline in inflow in large-cap funds and increased volatility in market owing to pre-elections phase.
PNB Q4 profit jumps nearly three-fold to 3,010 crore
The total income increased to Rs 32,361 crore during O4FY 24, as against Rs 27,269 crore in Q4FY23
Sensex tanks over 1,000 points amid across-the-board selloff
The rupee recovered 4 paise to settle at 83.48 against the US dollar on the back of a weak American currency against major rivals overseas
India's exports rise in 115 out of 238 destinations in FY24: Govt
India’s imports have declined from 124 out of 229 nations, in FY24
Ukraine Parl passes mobilisation Bill to boost troop numbers
Ukraine's Parliament has passed a Bill to overhaul how the military drafts civilians in an attempt to boost its number of soldiers more than two years since Russia's fullscale invasion.
Israel hits Rafah despite US warning on arms transfers
Smoke rose from strikes on Gaza's crowded southern city of Rafah on Thursday after US President Joe Biden vowed to stop supplying artillery shells and other weapons to Israel if a full-scale offensive into the city goes ahead, AFP reported.
