On being asked if the Centre will take a proposal for bringing petrol and diesel under GST to the GST Council, the finance minister said a call will be taken \"closer to the date of the Council meeting.\"

The Ecowrap report, authored by Dr Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India stated that Centre and states do not want to bring oil products under the GST regime as sales tax and VAT comprise a major source of tax revenue

Stock Market Updates Today: HDFC Bank, HDFC, L&T, Bajaj Finserv, Axis Bank, Kotak Mahindra Bank were among top losers, while ONGC, Infosys, Sun Pharma, Mahindra & Mahindra were among top gainers

\"We estimate excise duty on auto fuels in FY22 (April 2021 to March 2022), if it is not cut, at Rs. 4.35 lakh crore versus budget estimate of Rs. 3.2 lakh crore, ICICI Securities said in a note

Flipkart expands grocery services to more than 50 cities; UK to get 10 million doses of AstraZeneca jab from India; Economic recovery lost steam in Jan-Feb, according to a recent report. Watch this and more on News Blast.Also Read: Want to go to the moon? Japan billionaire seeks crew for space trip

The Board of BPCL on Monday approved the sale of the company's 61.65 per cent stake in Numaligarh Refinery Ltd (NRL) to a consortium of state-owned Oil India, consultancy firm Engineers India Ltd (EIL) and Government of Assam for Rs 9,875.96 crore

A V-shaped recovery in crude prices and heavy taxes have pushed petrol prices beyond Rs 100 per litre in many cities of Rajasthan and Madhya Pradesh

Five litre of petrol was awarded to a cricketer who was judged as 'Man of the Match' in the final bout of a cricket tournament. The photo of the 'Man of the Match' being awarded 5 litre of petrol in Bhopal has gone viral on social media

The Ministry of Finance is considering cutting excise duties on petrol and diesel to cushion the impact of record-high domestic prices, three government officials close to the discussions said. As the coronavirus pandemic hit economic activity, Prime Minister Narendra Modi's government  raised taxes twice on petrol and diesel in the last 12 months to boost sagging tax revenues instead of passing on the benefits of low oil prices last year to consumers. Watch the video for more.Also Read: ATF price up by steep 6.5%; petrol, diesel unchanged

This is the third increase in jet fuel prices since February. Rates were increased by 3.6 per cent on February 16, and by Rs 3,246.75 per kl on February 1

\"We are discussing ways in which prices can be kept stable. We will be able to take a view of the issue by mid-March,\" say sources

Currently, the price of one litre of petrol stands at Rs 91.17 per litre in Delhi, and diesel rates stand at Rs 8.47 per litre. In Mumbai, the price of petrol is Rs 97.57 per litre, and that of a litre of diesel is Rs 88.60 per litre

Fuel prices have been rising steadily since February 9. In the 14 increases since then, petrol and diesel rates have gone up by Rs 4.88 per litre and diesel by Rs 4.81 per litre in Delhi

A number of carmakers including market leader Maruti Suzuki, Renault-Nissan, Volvo Cars and the entire Volkswagen Group that comprises its three brands -- Volkswagen, Skoda and Audi, decided to stop selling diesel models in the country

As per the RBI, headline CPI inflation averaged 3.9 per cent in India during October  2016  to  March  2020 (excluding Covid-19 period) with a decline in inflation  volatility, which shows the success of flexible inflation targeting

China's Xiaomi expands manufacturing in India, adds 3 new partners for smartphones, smart TVs; Govt announces new guidelines for social media, aims to track down first originator of mischievous content; India witnessed second-highest number of cyberattacks in Asia-Pacific in 2020. Watch this and more news on News Blast.Also Read: New social media guidelines: Freedom of speech, expression must be ensured, says NASSCOM

Accepting that the government has missed its disinvestment target over the last few years, Sitharaman said pandemic affected its plans in FY20, while a slowing economy and lack of appetite hit in FY19.

There is a need for coordinated action between centre and states to reduce taxes because there are indirect taxes levied both of them, says RBI Governor Shaktikanta Das

Stock Market News Updates Today: Sectorally, all the other indices were trading with decent gains. Metal index was up 2.5%, while private, PSU Bank and financial indices rose 1.5% to 2% today

Crude stockpiles rose by 1 million barrels in the week to Feb. 19, the American Petroleum Institute (API) reported on Tuesday, against estimates for a draw of 5.2 million barrels in a Reuters poll