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Tuesday
October 2018
7:26 PM IST
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Kerala News
Petrol, diesel prices cut by Rs 2.50 after excise reduction; oil cos absorbing Re 1
 
New Delhi, Oct 4 (PTI) The government Thursday announced a Rs 2.50 a litre cut in petrol and diesel prices, factoring in excise duty reduction of Rs 1.50 per litre and asking oil companies to absorb another Re 1

Finance Minister Arun Jaitley said the excise duty cut would have an impact of Rs 10,500 crore on central government's tax revenues

He also asked state governments to follow suit by cutting a sales tax or VAT by a similar amount

The reduction followed petrol and diesel prices touching new highs

In Delhi, where the fuel prices are the lowest among all metros and most state capital, petrol is sold at Rs 84 per litre and diesel at Rs 75.45

Jaitley said the move followed Brent crude oil touching four-year high of USD 86 a barrel Wednesday and interest rates in US reaching seven-year high

Inflation in India, however, is still moderate at less than 4 pe cent and higher direct tax collections give comfort with regard to fiscal deficit, he said adding domestic macroeconomic indicators are strong and stable, except for current account deficit (CAD).


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Bar bribery case: Court dismisses the vigilance report
State Kalolsavam to be held in December
ENTERTAINMENT NEWS
Mohanlal's Odiyan: Official trailer launched
 Finally the wait is over. The much awaited Mohanlal film Odiyan's trailer has been released.
 
Mammootty narrates Odiyan's intro?
Sradha Kapoor as Saina Nehwal: First look poster is out.
Keerthy Suresh and Kalyani Priyadarshan joins Marakkar
INTERNATIONAL NEWS
Flash floods kill at least 13 people in southwest France
 (Paris, oct 15, 2018):Flash floods tore through towns in southwest France, turning waterways
Prince Harry and wife Meghan expecting first baby next year
Death Toll in Afghanistan Election Rally Blast Climbs to 22
Kabul voters wrestle with newspaper-sized ballot paper
NATIONAL NEWS
Polling underway for last phase of municipal polls in J-K
 Srinagar: Polling was underway for the fourth and last phase of municipal elections in Jammu and Kas
Minister MJ Akbar Sues Journalist For Defamation Over #MeToo Allegations
Goa Congress Calls Cabinet Meeting in AIIMS 'Desperate Drama', Demands Parrikar's Resignation
‘Flogging a dead horse’: BJP’s comeback on Rahul’s attack on Rafale
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