Economy

The prices of petrol and diesel on Saturday touched a new high, with Mumbai recording the highest among the four big metros. Petrol cost Rs. 89.01 a litre in Mumbai and diesel Rs. 78.07, according to the daily price notification issued by state-owned oil marketing companies. In Delhi, the price …

U.S.-based campaign for Telangana ‘dials-a-village’ for ideas, hosts Facebook chat With the political battle heating up in Telangana in the run-up to the Assembly poll, a group of Non-Resident Indians (NRIs) based in the United States has taken it upon itself to come up with a ‘People’s Manifesto’ through public …

For every 10 seats available under the government’s low-cost flying scheme, as many as seven were grabbed by passengers since its launch last year, according to data accessed under the RTI (Right to Information) Act. Seat occupancy, also known as passenger load factor, is an indicator of demand on a …

Seven countries, including Sri Lanka, Pakistan and Turkey, are at risk of exchange rate crises as investors re-assess their risks following the contagion in Argentina and Turkey, a new index by Nomura says. According to the global financial services major, emerging markets are under pressure as investors reassess the risks …

Sensex drops 500 points intraday A combination of global and domestic factors affected investor sentiment on Monday with the benchmark indices registering their biggest single-day fall in almost six months. While renewed concerns over an escalation of trade war between the U.S. and China pulled down global markets, the domestic …

‘Many producers planning to expand capacity’ India is set gain the top slot in farmed shrimp production, overtaking China in 2019-20, said Ravi Kumar Yellanki, president, Society of Aquaculture Professionals. “We have already overtaken China in shrimp exports last year but are on par with regard to farmed shrimp production. …

Currency among worst performers in emerging markets; widening current account deficit weighs, more rate hikes may be on the cards The rupee breached 72.5 a dollar on Monday and touched all-time low of 72.67 intraday as the current account deficit widened to five- year high in the first quarter of …

The state-owned oil marketing companies again increased the price of petroleum products such as petrol and diesel in the country on Monday, with Mumbai paying the highest among the four major metros. Petrol costs Rs. 88.12 a litre and diesel Rs. 77.32 in the city, according to the daily price …

Senior Congress leader raises demand after neighbouring Rajasthan reduced tax on petrol, diesel on Sunday Madhya Pradesh Congress president Kamal Nath on Monday demanded that the State government reduce VAT on fuel two times of what has been done in neighbouring Rajasthan. Rajasthan Chief Minister Vasundhara Raje had on Sunday …

Almost fourfold rise in tax compensation to States for June-July prompts move Alarmed by a nearly fourfold rise in GST compensation to States for June-July, the Finance Ministry is crafting a strategy to shore up tax revenues and engaging with States to identify issues hindering their collections. Finance Secretary Hasmukh …