While the RBI has kept the repo rate unchanged, hinting at short-term interest rates to remain low, the risk from ultra-loose monetary policy is certainly on the rise as the future inflation trajectory has an upward bias

The reduction in cooking gas prices comes close on the heels of assembly elections in four states and one union territory (West Bengal, Assam, Kerala, Tamil Nadu and Puducherry) which started on March 27 onwards

The price cut comes on the back of softened crude oil and petroleum prices during the second fortnight of March on account of recent surge in COVID-19 cases and vaccine uncertainty

A sharp increase in global crude oil prices has pushed retail rates of petrol and diesel to historic highs. Taxes are partly to be blamed, but reducing excise duties may not be easy for a cash-strapped government

In Delhi, petrol rates were cut by 22 paise per litre and diesel by 23 paise per litre, respectively, on March 30, as per the IOCL data. Currently, the cost of one litre of petrol in Delhi is Rs 90.56 per litre and diesel is priced at Rs 80.87 per litre

The fuel prices were cut by 19-21 paise while diesel rates fell by 19-22 across the major cities in the country

Stock Market News Update Today:Maruti Suzuki, Bharti Airtel, Reliance Industries, HUL, Bajaj Finance, ONGC, NTPC, Ultratech Cement were among the top laggards, while Dr. Reddy, HDFC, ICICI Bank and L&T were among top gainers

Apart from a sales force of around 300 people, which physically visits the stationery shops, the company has hired 130 tele-callers who take orders over the phone

Speaking in Rajya Sabha while participating in a discussion on the Finance Bill 2021, Modi told the lower house of Parliament that the Centre and states combined collect over Rs 5 lakh crore tax on petroleum products

Although Wednesday's drop may not provide enough relief to citizens, the fact that OMCs slashed fuel rates following a dip in global oil prices is a positive development

Wrangler is part of the four models that the company in January had said it would start assembling in the country. Fiat is investing $250 million towards this at its Ranjangaon factory over the $450 million it has already invested so far

When the GST was introduced on July 1, 2017, amalgamating over a dozen central and state levies, five commodities - crude oil, natural gas, petrol, diesel, and aviation turbine fuel (ATF) - were kept out of its purview

Inflation in food basket, measured by Consumer Food Price Index (CFPI), increased to 3.87 per cent last month, as compared to 1.96 per cent in January, government data showed

Petrol and diesel rates haven't risen for over a week, albeit the sporadic and minor increases in some cities. Meanwhile, consultations are on between the Centre and states to cut taxes on both the fuels

Stock Market Updates Today: Bajaj Finance, Sun Pharma, Tech Mahindra were the top Sensex gainers rising up to 2.34%

In West Bengal, which has assembly elections in April, fuel rates have remained steady.  Petrol and diesel rates in Kolkata have remained unchanged at Rs 91.35 per litre and Rs 84.35 per litre, respectively since February 27

Stock Market Updates Today: Kotak Mahindra Bank, HDFC Bank, ICICI Bank, HDFC, Bajaj Finance, Axis Bank, M&M were among top gainers, while ONGC, Power Grid Corporation, Dr. Reddy's Laboratories, NTPC and Bharti Airtel were among top laggards

Stock Market Updates Today: Larsen & Toubro, ONGC, HCL Technologies, NTPC and Axis Bank were among top gainers, while Bajaj Finance, IndusInd Bank, UltraTech Cement and HDFC were among top losers

Pradhan said at the CERAWeek conference by IHS Markit that India, where fuel demand is recovering to pre-pandemic levels, would like to rely on reasonable and responsible oil prices

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