Thursday, 18 October, 2018

As 10 States Follow Centre In Slashing Fuel Prices, Kerala Refuses

Petrol diesel prices to come down by Rs 2.50 govt cuts excise duty Govt cuts excise duty on fuel by Rs 2.50, appeals States to lower taxes
Elsie Buchanan | 04 October, 2018, 17:38

The price cuts will be effective midnight. The reduction in excise duty, only the second in four years of BJP-led NDA rule, will dent government revenues by Rs 10,500 crore and was aimed at cooling retail prices that had shot up to an all-time high.

He also asked state governments to follow suit and cut taxes by a similar amount.

In a major relief for consumers across the country, the Centre today slashed the prices of petrol and diesel by at least Rs 2.50 per litre.

However, what could be unsurprising to many is that this decision was announced only by BJP-ruled states.

Gujarat and Maharashtra announced cuts in prices of petrol and diesel by Rs 2.5 per litre on October 4.

Last month, the governments of Karnataka, West Bengal, Rajasthan and Andhra Pradesh cut taxes on petrol and diesel.

The decision was taken at an inter-ministerial meeting of the finance and the petroleum ministries.

"Jharkhand Government has made a decision to give an additional relief of Rs 2.5/litre on diesel in the state", ANI quoted Raghubar Das as saying.

Maharashtra CM Devendra Fadnavis thanked PM Modi and Finance Minister Arun Jaitley for excise duty cut.

Who sees it? Senators, staff to have access to Federal Bureau of Investigation report
Division only grew when Donald Trump mocked the psychology professor's testimony at a fiery rally in MS earlier this week. Christine Blasey Ford testifies to the Senate Judiciary Committee on Capitol Hill in Washington, on September 27, 2018.


In a veiled statement politicising the subject, the finance minister had said this will be a test for those states whose leaders were only tweeting and indulging in lip sympathy.

"We will also write to states, asking them to reduce VAT taxes by another Rs 2.5 per litre".

Maharashtra chief minister Devendra Fadnavis said that his government also chose to make a matching cut as this would be a "great relief" to the people.

Jaitley said that the new excise duty will come immediately into effect once it has been officially notified by the OMCs.

Since mid-August, the petrol price has risen by Rs 6.86 a litre and diesel by Rs 6.73 - the most in any six-week duration after the daily price revision was introduced in mid-June previous year. He said that the central government will reduce excise duty by Rs 1.5 while oil companies will absorb the remainder.

In India, nearly half of the price of retail fuel is due to taxes.

To curb the skyrocketing fuel prices, Finance Minister Arun Jaitley on Thursday announced a cut of Rs 2.5 in the prices of both petrol and diesel. "This government at the Centre is not bothered about the well-being of the masses". On OMCs absorbing Re 1, he said they would adjust it over present and future prices.

This is the second time in one year that the Centre has cut excise duty on petrol and diesel as rising prices pinch the common man. The Kerala government, too, had reduced fuel rates in June.

Recommended

  • Messi Brace And Rakitic Rocket Lift Barca Over Spurs

    Messi Brace And Rakitic Rocket Lift Barca Over Spurs

    Barcelona took the lead after just 95 seconds in London when Philippe Coutinho fired home from Jordi Alba's cut back. Ahead of the game Harry Kane was ridiculed for saying he'd like to score more goals than Lionel Messi .
    Saudis raise oil output to near-record amid pressure from Trump

    Saudis raise oil output to near-record amid pressure from Trump

    Trump made the remarks about the close USA ally during a campaign rally in MS on Tuesday, drawing applause from supporters. At a rally in MS on Tuesday, he said the Middle Eastern country wouldn't last two weeks without US military protection.
    And Dolby Vision at a insane  low price

    And Dolby Vision at a insane low price

    The $49.99 Fire TV Stick 4K is up for pre-order on Amazon and goes on sale in the United States and Canada from October 31. The remote is also compatible with all existing Fire TV devices and can be purchased separately for $29.99.
  • NewsJose Mourinho uninterested at latest Paul Scholes comments

    NewsJose Mourinho uninterested at latest Paul Scholes comments

    Mourinho is understood to have no plans to step down despite a worrying run of form, but has expressed concerns privately that he is not receiving...
    Rockies to play Thursday, Friday afternoon in NLDS if they beat Cubs

    Rockies to play Thursday, Friday afternoon in NLDS if they beat Cubs

    Lester will become the first pitcher to start two wild-card games, though his first ranks among his worst postseason performances. The Cubs will play the loser of Monday's second tiebreaker between Colorado and the Los Angeles Dodgers for the NL West title.
    Jon Lester Offers Blunt Assessment Of Cubs’ Wild-Card Loss To Rockies

    Jon Lester Offers Blunt Assessment Of Cubs’ Wild-Card Loss To Rockies

    After Story robbed Daniel Murphy of a hit with a diving grab at shortstop, manager Bud Black replaced Freeland with Adam Ottavino. The Rockies and Cubs battled in extra innings, but neither offense could get going until the Rockies struck in the 13th inning.
  • Hackers Are Already Adding NES Games to Nintendo Switch Online

    Hackers Are Already Adding NES Games to Nintendo Switch Online

    Depending on the game, players can engage in online competitive or co-op multiplayer, or take turns controlling the action. An Internet connection is still required to use online features or games which require a subscription service.
    US, China look on as Putin seeks India arms deals

    US, China look on as Putin seeks India arms deals

    For months, there have been indications from New Delhi that it will sign the deal notwithstanding the USA sanctions. India is expected to receive the first S-400 regiment two years after the signing date of the contract.
    What's in the Windows 10 October 2018 update?

    What's in the Windows 10 October 2018 update?

    Windows 10 has had patchy success in making the most of high-end HDR displays, but the October update could help with that. Microsoft has been talking for a while about DirectX-level support, and the new Windows update delivers.
  • Cristiano Ronaldo 'firmly denies' rape allegations

    Cristiano Ronaldo 'firmly denies' rape allegations

    What did Ms Mayorga's lawyer say? Ronaldo is now in his first season with Juventus after spending almost a decade at Real Madrid . Ronaldo had denied the allegation in 2017, when it was first reported by a German news outlet, Der Spiegel .
    Naby Keita: Liverpool midfielder in hospital with back injury

    Naby Keita: Liverpool midfielder in hospital with back injury

    Keita, who joined from RB Leipzig for £48m this summer, was taken off on a stretcher after just 19 minutes. Sturridge now leads the league in goals per minutes averaging one every 12.5 minutes.
    Ansel Elgort Cast in Steven Spielberg’s ‘West Side Story’

    Ansel Elgort Cast in Steven Spielberg’s ‘West Side Story’

    His character is part of a tragic love story involving a deadly rivalry between two street gangs, the Jets and the Sharks. Steven Spielberg's upcoming adaptation of West Side Story has found its Tony in none other than Ansel Elgort .

LTE speed tests show the iPhone XS dominates the iPhone X LTE speed tests show the iPhone XS dominates the iPhone X For real-world results, we used the week of September 24, 2018 from Ookla's massive crowdsourced Speedtest Intelligence database. Unlike other speed tests, the Phone Buff style is conducted using a specialized machine to ensure there's no margin of error.

Music, dance as Mrs. Trump arrives in Ghana on Africa trip Music, dance as Mrs. Trump arrives in Ghana on Africa trip The First Lady will use the opportunity of her visit to cast a positive light on her embattled husband's administration. Several Ghanaians interviewed said they knew little about it. "I don't think I have ever heard her name, Melania".

Hundreds of prisoners escape during deadly quake & tsunami in Indonesia Hundreds of prisoners escape during deadly quake & tsunami in Indonesia Many are still trapped in Sigi and the hard-hit area of Balaroa and authorities expect the death toll to significantly rise. Mass graves have been dug to bury the victims even as the desperate search for survivors continues.

Indian Rupee breaches 73 mark, plunges to fresh all-time low Indian Rupee breaches 73 mark, plunges to fresh all-time low On Thursday, the USA dollar touched 1.3828 against the Singapore dollar, its highest since Jul 11 a year ago . The Indian rupee on Thursday slumped further to an all-time low of 73.77 against the USA dollar.

Rio Ferdinand's description of Lionel Messi after Tottenham masterclass was ideal Rio Ferdinand's description of Lionel Messi after Tottenham masterclass was ideal Instead of being 4-0 down, however, Tottenham striker Kane halved the deficit in the 52nd minute with a clinical finish. We were handicapped against Barcelona after conceding after one minute.

Jared Goff goes off for 5 touchdowns in Rams victory over Vikings Jared Goff goes off for 5 touchdowns in Rams victory over Vikings Goff finished the game with 465 yards and five touchdowns , making pin-point throws and showing some mobility to keep plays alive. Minnesota cut the deficit to 38-31 with three minutes, 46 seconds left in the fourth quarter on Dan Bailey's 40-yard field goal.

'Lilo & Stitch' Is The Next Disney Movie Getting A Live-Action Remake 'Lilo & Stitch' Is The Next Disney Movie Getting A Live-Action Remake Like a lot of these things (and let's face it, nearly every major movie out there), the film will be a live-action/CG hybrid. It's not going to take much longer for Disney to remake their entire animated catalogue into live-action films.

American-Japanese duo wins 2018 Nobel Medicine Prize for landmark cancer research American-Japanese duo wins 2018 Nobel Medicine Prize for landmark cancer research The Nobel in physics will be announced Tuesday, followed by the award for chemistry on Wednesday and the peace prize on Friday. Allison and Honjo have previously shared the 2014 Tang Prize, touted as Asia's version of the Nobels, for their research.

Kavanaugh friend Dudley arrested in 1985 bar incident Kavanaugh friend Dudley arrested in 1985 bar incident Officer David Hartman with the New Haven Police Department says Kavanaugh is alleged to have thrown ice at the man. I don't remember the gig in question [in Connecticut], but we did more than 1,000 shows in the U.S. in the 80s.

Three laser scientists win Nobel Prize for Physics Three laser scientists win Nobel Prize for Physics Arthur Ashkin was awarded the prestigious prize for the optical tweezers and their application to biological systems. Strickland was named on Tuesday along with scientists from the United States and France for their work with lasers.

US, Canada hold last-minute NAFTA talks as deadline looms US, Canada hold last-minute NAFTA talks as deadline looms This was with the goal of keeping the production of vehicle parts in the U.S. and help bring back some that had moved overseas . The deal reached Sunday gives farmers greater access to the Canadian dairy market, a big win for the Trump administration.

Harry and Meghan delight children on royal couple's first visit to Sussex Harry and Meghan delight children on royal couple's first visit to Sussex Harry and Meghan will first be seen in Sussex at 10.45am as they visit Chichester in West Sussex to greet members of the public. I never thought they would come but what a fantastic way to open the place.

British PM Theresa May Sashay Onstage to ABBA’s ‘Dancing Queen’ British PM Theresa May Sashay Onstage to ABBA’s ‘Dancing Queen’ It was a self-deprecating moment, referencing Mrs May's trip to Africa when her tribal dancing was mocked on social media. Prior to beginning her speech, May jokingly asked the audience to "excuse" her if she begins coughing during her address.

Melania Trump opens Africa tour with babies Melania Trump opens Africa tour with babies She calls Wednesday's visit to Cape Coast Castle "very emotional" and "really something that people should see and experience". The ceremony took place in Obama Hall at the Emintsimadze Palace, which was renamed in Obama's honor after his visit in 2009.

'I Know You're Not Thinking, You Never Do' 'I Know You're Not Thinking, You Never Do' Regular readers may recall a story from January, during a White House discussion on immigration policy in January, when Sen. Trump brushed it off and told her to ask her question. "You know what, you've really had enough.