The finance minister's letter to states comes four days after the GST Council meeting failed to reach a consensus on the stalemate over the Centre's proposal of states borrowing against future GST collections to make up for the shortfall

In the last four days, diesel has witnessed a decline of 59 paise in the national capital.  Whereas, in Mumbai, diesel was reduced by 61 paise in the same period

So far in September, diesel rates have been slashed 14 times in Delhi--on September 3, 5, 7, 10, 12, 14, 15,17, 18, 19, 20, 21 22 and 25 respectively. Overall, diesel prices have declined by more than Rs 2 till now

Petrol and diesel prices also witnessed a slump in other metro cities. In Mumbai, petrol declined by eight paise and diesel by 14 paise on September 22. At present, petrol stands at Rs 87.74 per litre and diesel at Rs 77.73 per litre in Mumbai

In the last five days, diesel rates are reduced by Rs 1.13 in the national capital. Whereas, in Mumbai, diesel has been slashed by Rs 1.18 per litre

Petrol and diesel prices also witnessed a dip in other metro cities. In Mumbai, petrol declined by 25 paise and diesel by 35 paise on September 18. At present, petrol stands at Rs 87.82 per litre and diesel at Rs 78.48 per litre in Mumbai

Finance ministry sources said that the fact these auto companies have made huge payouts in the form of royalty to their parent companies located abroad is evidence enough that they have flourished in the same tax regime

In the past two days, petrol and diesel prices have been slashed by 31 paise and 37 paise, respectively in the national capital. The current price of petrol in Delhi stands at Rs 81.55 per litre and diesel at Rs 72.56 per litre

German Economy ministry said significant economic growth was likely in the third quarter thanks to impetus from May and June, when there were signs of a rebound

To calculate the petrol and diesel price for the day, base price, freight costs, excise duty, VAT, dealer commission and other costs are added

As per Indian Oil Corporation data, petrol prices in Delhi declined by 0.09 paise and diesel by 12 paise. Petrol stands at Rs 81.99 per litre in Delhi. On the other hand, diesel rate has slipped to Rs 73.05 in the national capital

Gross mismanagement of the economy, starting with demonetisation in November 2016 and continued with untimely, unplanned and sudden nation-wide lockdown has compounded the GST problem. Centre's refusal to pay compensation to states now may derail it completely

Petrol was hiked by 0.05 paise in Delhi, Mumbai, Kolkata, Hyderabad, and Bengaluru. Whereas, in Chennai, Gurugram and Noida, it was increased by 0.04 paise

Fuel prices today: In Mumbai, a litre of petrol costs Rs 88.68, recording a surge of Rs 1.4 since August 16. A litre of petrol in Chennai costs Rs 85 and Rs 83.52 in Kolkata

Petrol price hike: In other metro cities, petrol has touched new highs in recent weeks. In Mumbai, a litre of petrol costs Rs 88.68. Here also, petrol has surged to Rs 1.4 since August 16

According to RBI data, the share of Rs 2,000 notes in the total volume of banknotes fell to 2.4 per cent in 2019-20 against 3 per cent in 2018-19 and 3.3 per cent at end-March 2018

In a bid to bridge state government's revenue gap, the Centre has decided to increase borrowing limits of states from 3% to 5%, which will give them extra resources of Rs 4.28 lakh crore

In a series of tweets, the ministry said before goods and services tax (GST), the combination of value-added tax (VAT), excise, sales tax and their cascading effect resulted in high standard rate of tax up to 31 per cent

In other metros like Mumbai and Chennai, petrol rates have been increased by 12 paise each. In Kolkata, petrol prices have increased by 7 paise after a gap of 47 days

Apart from this, the government has revised the definition of priority and negative lists and downstream industries in the IPR-2015 to remove ambiguity in determining the eligibility of business units for various incentives