Monday, 15 October, 2018

Government Announces Relief On Fuel Prices By Reducing Excise Duty

Arun Jaitley,Fuel price hike,Finance minister The cut in fuel prices will cost the exchequer Rs 10,500 for the remaining half of this financial year
Orlando Vargas | 06 October, 2018, 10:27

Addressing a press conference in New Delhi today, Finance Minister Arun Jaitley said the government will write to all states to cut a portion of their tax as well on petrol, diesel.

Thanking Prime Minister Narendra Modi and Union Finance Minister Arun Jaitley, Fadnavis said the reduction in fuel prices will give a huge relief to citizens.

Maharashtra, Gujarat and the other BJP ruled states were quick to hear him.

The Centre also challenged non-BJP ruled states "whose leaders were only tweeting and indulging in lip sympathy" to too cut Value-Added Tax on the fuel so that consumer gets a bigger relief.

The finance minister asked state governments to match the move with a similar reduction in sales tax or VAT and it will be a test for those states whose leaders were only tweeting and indulging in lip sympathy.

In the process, the Modi government also scored an own goal against its pet theme of simultaneous polls as some citizens prayed for "an election a month or a week" to keep prices down. But growing public anger over surging fuel prices has caught the attention of the government.

Dodgers ace Clayton Kershaw will not start NLDS opener
Ryu's final regular season game came Friday against the San Francisco Giants and Kershaw followed him the next day. Kershaw started on Saturday, Sept. 29 and will also have five days off before his start against Atlanta on Friday.


Kavanaugh a step closer to lifetime Supreme Court post after Senate vote
If the vote fails, it would deal a major blow to the nomination and throw the possibility of confirmation into serious doubt. In a Wall Street Journal op-ed on Thursday, Kavanaugh said he "might have been too emotional at times" in his testimony.


Mike 'The Situation' Sorrentino sentenced to eight months in prison
He returned for the reunion series Jersey Shore: Family Vacation , which is now airing its second season Thursdays at 8/7c on MTV .


Global oil prices still a major factor on how petrol and diesel are ultimately priced. "The government has cut down borrowing this year by Rs 70,000 crore".

Another wondered: "Make me understand this: after fuel prices go up by Rs 20, they get cut by Rs 2 and we "celebrate"?" As a measure to curb the growing menace, the government has finally stepped in by trimming down the excise duty on fuel prices to bring in relief to the end users.

The shares of Indian oil marketing companies sank after the announcement, with Indian Oil Stocks down by 18.24 percent, HPCL stocks tumbled by 22 percent and BPCL stocks declined by 19 percent. Global fuel prices, however, have been on the rise with the worldwide benchmark Brent crude nearing a four-year high of $86 per barrel earlier this week. Also, the rupee dropped to its lowest ever level of 73.77 against the dollar, resulting in expensive crude imports.

The cuts will cost the Centre Rs 10,500 crore in tax revenues, he said.

"Since May 2014, the Modi government has increased central excise duty 12 times".

Recommended

  • Police, AG targeted by Russian hackers

    Police, AG targeted by Russian hackers

    He showed passports identifying the Russians as Alexeksei Morenets, Evgenii Serebriakov, Oleg Sotknikov and Alexey Minin. The GRU, also known as the Main Intelligence Directorate, is the intelligence arm of the Russian military.
    John Paul Stevens Is Still Alive, Also Doesn't Think Kavanaugh Belongs

    John Paul Stevens Is Still Alive, Also Doesn't Think Kavanaugh Belongs

    On Thursday, Stevens noted that both senators and commentators said Kavanaugh's defense of his reputation crossed a line. The Senate is set to vote for cloture tomorrow and confirmation on Saturday.
    Liverpool v Manchester City

    Liverpool v Manchester City

    The visitors' bus was pelted with objects en route to the stadium and left unusable for the return journey back to Manchester. Manchester City pair Kevin De Bruyne and Benjamin Mendy both returned to training this week and could feature.
  • Canadian Dairy Farmers Aren't Happy With U.S. Trade Deal. Here's Why

    Canadian Dairy Farmers Aren't Happy With U.S. Trade Deal. Here's Why

    Some retailers may dislike the big increase in the amount of goods Canadians can bring home from the us without paying duties. Trump acknowledged the relationship did get "a little bit testy" but that the trade deal has smoothed over their differences.
    New trade treaty seen as friendly to Virginia farmers

    New trade treaty seen as friendly to Virginia farmers

    While the clause does not mention China specifically, the provision is being widely seen as an attempt to single out Beijing. Last week at the United Nations Security Council, President Trump said China is interfering in the 2018 midterm elections.
    Bolton calls United Nations  world court 'politicised,' USA  to limit exposure

    Bolton calls United Nations world court 'politicised,' USA to limit exposure

    Pompeo said the ruling was a "useful point for us to demonstrate the absolute absurdity" of the treaty. Bolton told reporters at the White House that the provision violates USA sovereignty.
  • Suspect in S.Carolina shooting disbarred lawyer

    Suspect in S.Carolina shooting disbarred lawyer

    The shooting in Florence ended in a two-hour standoff in a neighborhood where the shooter took children hostage inside a house. The conditions of the three other Florence officers and three deputies who were wounded were not immediately known.
    Suge Knight Sentenced for 2015 Fatal Hit-and-Run

    Suge Knight Sentenced for 2015 Fatal Hit-and-Run

    He was accused of stealing a camera from a woman and of sending threatening text messages to Straight Outta Compton director F. The onetime college football star and "gangsta" rap pioneer eventually lost control of his label in bankruptcy proceedings.

    Nike 'Deeply Concerned' About Rape Allegations Against Ronaldo

    Trevor Sinclair hit out at Juventus after they released a statement in support of Cristiano Ronaldo after he was accused of rape . In a statement to Eurogamer on Thursday, they said they were "closely monitoring" the situation.
  • Iraq's Murad and Congolese Mukwege win 2018 Nobel Peace Prize

    Iraq's Murad and Congolese Mukwege win 2018 Nobel Peace Prize

    Murad escaped that same year and became the face of the Yazidi movement and a dedicated campaigner for victims of sexual assault. Surgeon Denis Mukwege treated countless victims of sexual violence in war-torn Congo and told the world of their suffering.
    Mike Pompeo to meet Kim Jong Un on October 7

    Mike Pompeo to meet Kim Jong Un on October 7

    During the war, American-led United Nations forces defended the South from the Communist troops of North Korea and China. Pompeo stressed that, in the meantime, worldwide sanctions would have to remain in place on North Korea.
    First 'exomoon' may have been found

    First 'exomoon' may have been found

    Jupiter's moons are believed to have formed from a ring of material; but again, none of Jupiter's moons are the size of Neptune . And, based on their earlier data, the researchers would expect the moon to be trailing Kepler-1625b at this point in its orbit.

Trump blindly calls Kavanaugh protesters 'paid professionals' Trump blindly calls Kavanaugh protesters 'paid professionals' Paid for by Soros and others. "These are not signs made in the basement from love!" the president tweeted . Lawmakers are expected to vote on Kavanaugh's nomination in the coming days.

Musk mocks 'Shortseller Enrichment Commission' after SEC settlement Musk mocks 'Shortseller Enrichment Commission' after SEC settlement A federal judge still has to decide whether the penalties levied against the CEO are appropriate. Nathan must approve the settlement's terms. 'This is just a hoop to be jumped through'.

Juventus slammed for supporting 'great champion' Cristiano Ronaldo Juventus slammed for supporting 'great champion' Cristiano Ronaldo Leonardo Spinazzola, Sami Khedira and Daniele Rugani are all sidelined, meaning Juve are expected to adopt a 4-3-3 formation. Juventus have so far stood behind Ronaldo, but the Italian club's reaction to the issue has angered some fans.

Najib back in court, not for wife but own charges Najib back in court, not for wife but own charges Rosmah Mansor , wife of Malaysia's former Prime Minister Najib Razak, arrives in court in Kuala Lumpur, Malaysia on Thursday. She was first summoned by the agency on June 5 and again on September 26, when she was questioned for almost 13 hours.

Teenager Shaw's debut ton puts West Indies on backfoot Teenager Shaw's debut ton puts West Indies on backfoot Kohli reached his 24th century in his 123rd innings, while Australia's Bradman took just 66 knocks to achieve the same feat. West Indies then enjoyed their best period, claiming three wickets for 37 runs as India stumbled at 571 for eight.

More Telltale Employees Laid Off As Studio Continues Its Collapse If Telltale's plan goes ahead, a number of ex-employees will operate under and be paid by a new company on a contract basis. In a subsequent update, Noel clarified that it was her team, not everyone left at Telltale, who was let go.

Kim Kardashian Apologizes For Boasting About Looking "Anorexic" Kim Kardashian Apologizes For Boasting About Looking She also laughed when Khloé told her, "She's anorexic here [ her waist ], her arms are like pin thin, they're like my pinky". And now Kim has apologised for her positive reaction to the comments on Ashley Graham's podcast, Pretty Big Deal .

Newly discovered far-flung object supports Planet X existence Newly discovered far-flung object supports Planet X existence Prior to finding the Goblin , Sheppard and Trujillo had already found 2012 VP113 - the most-distant object to date. In Sheppard's case, an interesting object is one that never gets close to the sun, and has a non-circular orbit.

Manchester United legend Paul Scholes 'sick' of Jose Mourinho moaning Manchester United legend Paul Scholes 'sick' of Jose Mourinho moaning The results they had against the top teams didn't get them points yet this season but gave them very, very close results and very hard matches for the opposition.

Man uses meteorite as doorstop, finds out it's worth $100G She found that it was an iron-nickel meteorite with about 88 per cent iron and 12 per cent nickel, a metal rarely found on Earth. A man has discovered that a rock he's been using as a doorstop for 30 years is a meteorite worth $100,000.

More Than a Third of American Adults Eat Fast Food Daily More Than a Third of American Adults Eat Fast Food Daily And among high-income families (those with incomes above 350% of the poverty line), 42% dined on fast food on a typical day. About 38 percent of adults aged 40 to 59 ate fast food daily while just 24 percent of those aged 60 and above did the same.

Toyota recalls 2.4 million hybrid cars over stall fault Toyota recalls 2.4 million hybrid cars over stall fault In the case of Toyota's latest recall, some of the hybrids mentioned have undergone two prior recalls to fix related issues. Auris , Prius and Prius+ hybrid cars with the 1.8-litre engine, built between October 2008 and November 2014, are affected.

Frances H Arnold and biotech game-changers share Nobel Prize in Chemistry Frances H Arnold and biotech game-changers share Nobel Prize in Chemistry HEIKKI SAUKKOMAA via Getty Images Biochemical engineer Frances Arnold , after receiving the Millennium Technology Prize in 2016. Newly created antibodies can make some poisonous substances safe, fight autoimmune diseases and even cure some forms of cancer.

MI man's doorstop rock turns out to be a $100k meteorite MI  man's doorstop rock turns out to be a $100k meteorite The farmer claimed the rock had fallen in the 1930s and that the new owner could have it since it was "part of the property". The Smithsonian and a mineral museum in ME are considering purchasing the meteorite for display, according to CMU.

University Of Manchester Students' Union Bans Hand Clapping University Of Manchester Students' Union Bans Hand Clapping One tweeter even suggested that jazz hands might not be inclusive to blind people, who would not be able see what was happening. Students will likely no longer clap during student union events at the University of Manchester in Manchester, England.