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PTI
May 30, 2018



BusinessToday.in
New Delhi, May 30, 2018
AirAsia CEO Tony Fernandes booked by CBI for violating aviation normsThe CBI has booked AirAsia CEO Tony Fernandes and several others for allegedly violating aviation norms. The crime branch is also carrying out searches at six locations. On Tuesday, the CBI said that they booked these officials over alleged violation of aviation norms, namely the 5/20 rule for getting international flying licenses as well as violation of Foreign Investment Promotion Board (FIPB) rules. The 5/20 r...


BusinessToday.In
May 30, 2018
After a constant hike for 16 days, petrol and diesel prices cut by 1 paisa on Wednesday. Fuel prices have seen a sharp rise soon after the polling concluded in Karnataka assembly elections.


PTI
May 30, 2018



BusinessToday.In
May 29, 2018
The government is facing flak over its inability to come up with some formula to contain the prices. However, the options before the current dispensation are limited. The opposition is calling for excise duty cut on fuels which the Centre does not want to do for fear of slipping on fiscal deficit target.


PTI
May 28, 2018
In Delhi, VAT on petrol was Rs 15.84 a litre, and Rs 9.68 on diesel in April. Today it is Rs 16.64 on petrol and Rs 10.17 a litre on diesel.


BusinessToday.In
New Delhi, May 28, 2018
Fuel prices have continued to scale new peaks for 15th day in a row today. Petrol is now up by close to Rs 4 per litre since the 19-day pre-Karnataka poll hiatus ended on May 13 while diesel is up by over Rs 3 per litre.


BusinessToday.In
May 28, 2018
The Central government levies Rs 19.48 excise duty on a litre of petrol and Rs 15.33 on diesel. States charge value added tax that varies from state to state. In Delhi, VAT on petrol is Rs 16.41 and on diesel Rs 10.05.


BusinessToday.In
New Delhi, May 27, 2018
Fuel prices were hiked for the 14th day in a row on Sunday, with unbranded petrol being sold at Rs 78.12 in Delhi, increased from Rs 77.97. Diesel prices in the national capital were also hiked today to Rs 69.06 from Rs 68.90 seen yesterday.


BusinessToday.In
New Delhi, May 26, 2018
While bringing petroleum products under the GST regime is being touted as a possible way to control the rising petrol and diesel prices, Bihar Finance Minister Sushil Modi has said that this move will not make much of a difference.


BusinessToday.In
New Delhi, May 25, 2018
Reluctant to cut losses, the government is weighing on options before taking a step that could either provide a relief to the consumers or hamper its revenue prospects.


BusinessToday.In
May 25, 2018
The government is now mulling a 'windfall tax' on all oil producers like ONGC in an attempt to moderate fuel prices.


Prosenjit Datta
New Delhi, May 25, 2018
The problem, as the current set of ministers have found out, is that it is always easy to protest while in Opposition - but not so easy to take steps to cool prices when you are in the government.


BusinessToday.In
May 24, 2018
Here are some of the options before the government to rein in rising fuel prices.


BusinessToday.In
New Delhi, May 24, 2018
Homebuyers will now be treated on par with financial creditors and lenders after the Union Cabinet approved amendments to the Insolvency and Bankruptcy Code; even as petrol and diesel prices are on fire, the government is still to come up with a solution to this rampaging price rise and rising current account deficit due to crude price hikes has weakened the rupee further against the dollar. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


PTI
New Delhi, May 24, 2018
Once petrol and diesel are brought under the ambit of GST, its threshold will change, because right now, taxes upon taxes are levied which increases rates. GST will ensure a single tax, says Fadnavis.


PTI
May 24, 2018



BusinessToday.In
New Delhi, May 24, 2018
The ministry plans to direct ONGC to sell its crude oil at below ruling international prices by capping the price at, say, $70 for the entire fiscal year. Oil India Ltd, the country's second largest hydrocarbon exploration and production PSU, will not be a part of this scheme.


BusinessToday.In
May 24, 2018
After Karnataka polls, the overall increase in the prices of petrol has been Rs 2.84 per litre whereas diesel has gone up by Rs 2.60 during the same period.


BusinessToday.In
May 24, 2018
There seems to be no respite from the boiling fuel prices in the country. On Thursday, the price of petrol touched Rs 85 per litre in Mumbai while diesel was retailing at Rs 72.96.


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