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

In India, petrol and diesel prices are revised by state-backed oil marketing companies (OMCs) like Indian Oil, Bharat Petroleum and Hindustan Petroleum

A majority of early economic indicators lost steam in January 2021, relative to December 2020, partly because of an unfavourable base effect, supply-side issues and price hikes.

Brent crude was up $1.06, or 1.6%, at $65.30 a barrel by 0204 GMT, after earlier hitting a high of $66.38

Fuel prices in India: Petrol is inching closer towards the Rs 100 mark in Mumbai

Mumbai's famous kaali-peeli taxis will cost Rs 3 more to travellers as the base price has been hiked to Rs 25. Similarly, minimum fare for auto-rickshaws have been raised to Rs 21 from Rs 18

Taxes levied by the Centre and states constitute more than half of petrol and diesel prices, accounting for 60 per cent of the retail cost of the former and 54 per cent of the latter

All India Kisan Sabha floats alternate model farm law for states; Centre likely to consider Oriental Insurance or United India for privatisation; US COVID-19 death toll reaches 500,000, highest since 1918 influenza pandemic. Watch this and more news on News Blast.Also Read: SC halts Future Retail deal with Reliance after Amazon plea

The Congress has accused the Centre of looting people by imposing high taxes on petrol and diesel and has demanded its rollback to provide relief to the common man from the onslaught of rising prices

Sitharaman was asked about her role models and her dreams when she replied, \"Absolutely sweet question\"

'Reduce fuel prices by partially rolling back excise duty': Sonia Gandhi to PM Modi Congress interim President Sonia Gandhi on Sunday urged Prime Minister Narendra Modi to reduce fuel prices by partially rolling back excise duty, saying that the prices of petrol and diesel are at 'historic and unsustainable' high. She said that the central government has unreasonably levied excise duty on petrol and diesel by Rs 33 and Rs 32, respectively, which is higher than the base price of these fuels....

Centre has refused to cut excise duty despite unprecedented rise in fuel prices in past two months. In February, petrol prices have gone up by Rs 4.29 per litre and diesel by Rs 4.31 per litre in Delhi alone

The survey revealed that 79 per cent of the respondents felt that the central and state governments should reduce tax on fuel price

Fuel rates have increased for 12 consecutive days in the country, with petrol crossing Rs 100 mark in Rajasthan and Madhya Pradesh. In Mumbai, it has inched close to Rs 100 as of Saturday, February 20

Sonia Gandhi said that the central government has unreasonably levied excise duty on petrol and diesel by Rs 33 and Rs 32, respectively, which is higher than the base price of these fuels

In a Hindi tweet, Mayawati said that the prices of essential items like petrol, diesel and cooking gas (LPG) are increasing in an uncontrolled manner after government control over the prices were removed

Petrol and diesel in Delhi remained constant at Rs 90.58 and Rs 80.97 a litre, respectively, while they stayed at Rs 97 and Rs 88.60 per litre in Mumbai