Bring petrol, diesel under GST immediately: Former FM Chidambaram
04 September, 2018, 17:28 | Author: Shawna Walton
External factors: The exchange rate - that is the price of the dollar vs the rand.
The fall in rupee could be attributed to the surge in global oil prices, with crude oil gaining United States dollars 7 a barrel in a fortnight driven by fears over US-China trade war and the US sanctions on Iran contracting supplies. Since August 16, petrol prices have risen by over Rs 2 per litre and diesel by Rs 2.42 a litre.
On Monday, the petrol and diesel prices touched Rs 79.15/litre and Rs 71.15/litre respectively.
The fuel prices are likely to go up further as the rupee hit yet another all-time low of ₹71.18 against the USA dollar on Monday, compared to the previous close of ₹70. Diesel price has also gone up by Rs 0.39 per litre and touching Rs 71.15 per litre. If taxes are cut, prices will decline significantly, the senior Congress leader added.
Petrol prices have hit an all-time high in Mumbai.
Moreover, the price of crude oil has risen by $7 a barrel in the past two weeks due to the growing fears that the U.S. sanctions on Iran might reduce the supplies. The Centre now levies a total of Rs 19.48 per litre of excise duty on petrol and Rs 15.33 per litre on diesel.
Earlier, taking cognizance of the meteoric rise in the fuel prices, Petroleum and Natural Gas Minister Dharmendra Pradhan had said that it is time that petroleum products fall under GST. "I would like to mention two points, and both these subjects are external". "Apart from that, crises in countries like Venezuela and Iran are increasing. Knowing that we can't disturb the fiscal deficit, we should rather be fiscally prudent", the official in the finance ministry said. He blamed the Narendra Modi-government for the rise.
Chidambaram said the central government blaming the states is a "spurious argument". They are going to hit a century.
"Dear Modiji, please show some kindness on a festival day.Your jumlas are not taxed, but when will you reduce the tax on petrol-diesel?"
Late Friday night, President Donald Trump called for Bloomberg to apologize for violating "a firm off the record statement". Despite some contentious issues still on the table, the increasingly positive tone contrasted with U.S.
The funeral comes after several days of public viewings for the singer, which began with two days at Detroit's Charles H. Wright Museum of African American History that attracted thousands of fans and mourners from around the country.
For all its bright spots, the first week of this year's US Open has been a weird one, with pot-stirring events happening daily. Next for the 36-year-old American comes a quarterfinal against 2016 runner-up Karolina Pliskova, who beat Williams in the U.S.
The 2018 lineup of Apple iPhones will be unveiled on September 12 , exactly a year after Apple revealed there 2017 iPhone lineup. All the upcoming iPhones are expected to feature notch design that was first introduced in the iPhone X previous year .
University of New Mexico Hospital in Albuquerque said it was expecting six patients, three of whom were in critical condition. A spokeswoman for Greyhound said the company is cooperating with local authorities and will do its own investigation.
Investors flinched slightly at the news Friday of Liu's arrest , but JD.com stock value had rebounded by the end of the day. Liu started his business by opening a counter store in Beijing selling computer parts.
Hamilton's overtaking move on Vettel was investigated by the stewards but they took no action, deeming it a racing incident. Hamilton's sixth win of the season lifted him to 256 points, to his German rival's 226, with seven races still ahead.
Venus, the 2000 and 2001 champion, made the third round for the 17th time with a 6-4, 7-5 victory over Camila Giorgi of Italy. I know the same thing is for her. "Unsportsmanlike conduct.???? But the men can change shirts on court", she tweeted.
The 36-year-old dropped her first set at the tournament in NY but came through to beat Estonia's Kanepi 6-0 4-6 6-3 in 86 minutes. Kanepi took a 5-2 lead before Serena won the next two games, but Kanepi was able to even it up by winning the second set 6-4.
The man's 32-year-old girlfriend has been confirmed by deputies to be the woman captured on the doorbell camera last Friday. At about 3:30AM, someone rang the doorbell at a number of homes, but disappeared by the time they answered the door.
Officer-involved shooting at California Racetrack
Del Mar Racetrack, where the Ice Cube concert is being held tweeted: "The situation has been contained". Commentators could be heard screaming " there's gunfire at the track " as the race took the place.
Aretha's Farewell: fans pay homage to star in gold coffin
At least 20 performers are scheduled to participate, including Stevie Wonder , Shirley Caesar, Faith Hill and Ariana Grande . The pop star asked for a moment of silence so "every single one of us could reflect on our love and respect for her".
Joe Biden: 'I'm a Democrat and I love John McCain'
Later in the day, a military aircraft was scheduled to take McCain's body back east for a lying-in-state at the U.S. It was only until Monday that the president issued a longer statement about his respect for McCain's service.