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July 16, 2018
The Wholesale Price Index (WPI) based inflation stood at 4.43 per cent in May and 0.90 per cent in June last year.

July 8, 2018
Last month, petroleum prices were cut 14 times after hitting an all-time high of Rs 78.43 a litre for petrol and Rs 69.31 for diesel on May 29. Petrol price dropped by Rs 2 a litre and diesel by Rs 1.46.

New Delhi, July 5, 2018
The three state-owned fuel retailers, IOC, Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) had not revised petrol and diesel prices since June 26 before which it was on a steady decline.

New Delhi, June 29, 2018
If petrol, diesel are to be brought into GST, then states will be allowed the levy taxes on top of 28 per cent to prop up revenue. It will take some time to include petrol, diesel in GST as the states have divergent views, Modi said.

New Delhi, June 27, 2018
Now apply for passport from anywhere in India: MEA  External Affairs Minister Sushma Swaraj has launched a new scheme under which a person can apply for a passport from anywhere in India irrespective of the place of stay. She also launched a mobile application, available in Android and iOS platforms, that would have the facilities for applying, paying and scheduling appointments for acquiring a passport. A person can now choose the Regional Passport Office (RPO) and the Passp...

New Delhi, June 26, 2018
A reason the government wants to include jet fuel and natural gas under the GST is low tax incidence on them, which is a safe bet for the government as they can be easily accommodated in the five-slab tax system.

June 20, 2018
The tax structure for petrol and diesel is likely to be a peak tax rate of 28 per cent plus states levying some amount of local sales tax or value added tax (VAT).

New Delhi, June 14, 2018
Inflation in vegetables climbed to 2.51 per cent in May, while for 'fuel and power' basket, inflation rose sharply by 11.22 per cent in May from 7.85 per cent in April.

June 11, 2018

Sumant Banerji
New Delhi, June 11, 2018
India has drawn up ambitious electric mobility plans to reduce pollution and dependence on fossil fuels but the country's electric grid will need a massive overhaul? for the plan to succeed.

June 8, 2018
Later, the yields rally lost steam and the bond yield fell to 7.931% at 12:26 pm. The rise in yields comes two days after the monetary policy committee raised repo and the reverse repo rate each by 0.25%. The 10-year bond yield closed at 7.917% rising 1.06% on June 6, the day when the central bank raised key rates.

June 2, 2018
Last month, petrol and diesel prices hit a record high due to rise in international crude oil cost. However, the crude prices witnessed a marginal cut earlier this week after Saudi Arabia and Russia announced that they were willing to lift supply curbs that had pushed crude prices to their highest since 2014.

New Delhi, May 31, 2018
The Indian economy grew at 6.7 per cent during the financial year 2017-18, while the rate of growth rose to 7.7 per cent during the quarter ended March, GDP estimates released by the government showed.

May 31, 2018
Unless the IndianOil Corporation has goofed up again, the price drop in petrol is now 7 paise per litre and diesel is down 5 paise.

New Delhi, May 30, 2018
The Telecom Regulatory Authority of India (TRAI) plans to use blockchain technology to contain unsolicited calls and messages; with petrol and diesel price rise likely to hit inflation, the banking regulator may now be forced to tighten the monetary policy and hike interest rates in its June 6 meeting and one out of every five Indians in the age group of 27-37 who are the most prolific in using digital banking apps, reported a digital banking fraud in the past year. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.

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.

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.

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.

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.

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.

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