Diesel prices hiked by Rs 1.09 per litre

May 13, 2014

Diesel_price_hikedNew Delhi, May 13: Diesel prices have been raised by Rs 1.22 per litre in New Delhi from Tuesday, immediately after the end of elections as the government ordered the biggest increase in the fuel price since September 2012.

The Election Commission (EC) had rejected the oil ministry's proposal to shelve the 2013 Cabinet decision of raising diesel prices in small monthly doses because revenue losses on the fuel had dropped below Rs 6 per litre two months ago.

State oil firms — Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) — have raised pre-tax diesel prices by Rs 1.09 per litre across the country, but hikes in pump rates differ from city to city because of local levies, industry executives said.

IOCBSE 5.59 %, the country's biggest fuel retailer, said the fuel rates could not be raised in last two months as per the January 2013 Cabinet decision because revenue losses on the fuel had dropped below Rs 6 a litre and the oil ministry had referred the matter to Election Commission.

"As the proposed change has not been accepted by the Election Commission, the OMCs (oil marketing companies) are required to effect both the price increases together. Further, as a result of non-increase of prices since April 1, 2014, there is a small impact which is also required to be passed on in the price of diesel (retail)," the company said in a statemen

After the price increase, diesel will be sold at a revenue loss of Rs 5.71 per 1itre, it said. The revenue loss on the fuel was Rs 6.80 per litre before the hike. In January last year, the Cabinet had allowed state oil firms to raise diesel rates by 50 paise per month until their revenue losses are completely wiped out.

IOC, BPCLBSE 3.41 % and HPCLBSE 3.97 % regularly exercised their limited pricing freedom with the approval of the oil ministry. "There was an exception in April-May last year during assembly elections in Karnataka. As a result, oil companies had to raise diesel rates by about Rs 1 per litre after polls," one executive said.

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News Network
June 5,2020

Jun 5: Underworld don Dawood Ibrahim and his wife Mahzabeen have tested positive for COVID-19, a top government source told CNN News 18. They were admitted to the Army Hospital in Karachi.

Some of Dawood's personal staff and guards have also been quarantined, the report said on Friday.

Dawood was the mastermind of the 1993 Mumbai blasts and is one of the most-wanted gangsters by India. He has allegedly been living in Pakistan but the neighbouring country has always refusing to accept it.

Earlier in the day, a senior diplomat of the American embassy in Pakistan has tested positive for the novel coronavirus, a media report said.

In a statement, the embassy's spokesman said that while maintaining the privacy, the name of the citizen would not be disclosed.

The US State Department is responsible to protect its citizens, wherever they are, the spokesman added. In coordination with the Pakistani authorities, the consulate is working to enforce the coronavirus protocol in order to stem its spread. The spokesman added that isolation wards, contact tracing and quarantine facility are part of such protocols.

Meanwhile, Pakistan has 89,249 COVID-19 cases and the death toll is 1,838.

 

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Agencies
April 24,2020

New Delhi, Apr 24: Congress leader Rahul Gandhi has termed the government decision to freeze Dearness Allowance of Central government employees for a year as "insensitive and inhuman."

The former Congress President in a tweet said: "Lakhs and crores are being spent on the Bullet Train and New Delhi's Central Vista which should have been suspended, but the government has deducted DA of Central government employees and pensioners... It is insensitive and inhuman."

"The tragic part is that by deducting this amount from January 1, 2020 up to 30th June, 2021 for a period of 1.5 years, the government of India proceeds to deduct almost Rs 38 thousand crore from the income of these middle class government employees and pensioners, who rely completely on the pay and pensions that they receive," said Randeep Surjewala, chief spokesperson of Congress.

There are about 50 lakh such serving government employees and about 62 lakh pensioners.

"Even more tragic and objectionable is the fact that the government of India has not even spared our armed forces. The government has deducted Rs 11 thousand crore of the 15 lakh serving armed forces personnel and nearly 26 lakh military pensioners. What is their fault? They are serving the nation in times of all types of crises," said Surjewala.

The Congress alleged that the government did not spare the savings scheme.

Instead of curbing the wasteful expenditure, the government has been constantly hitting at the income of government employees and the middle class, it added.

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News Network
March 18,2020

New Delhi, Mar 18: As many as 276 Indians have been infected with coronavirus abroad, including 255 in Iran, 12 in UAE and five in Italy, the government informed the Lok Sabha on Wednesday.

In a written reply to a question in the Lok Sabha, Minister of State for External Affairs V Muraleedharan said the total number of Indians infected by coronavirus is 276 — 255 in Iran, 12 in UAE, five in Italy, and one each in Hong Kong, Kuwait, Rwanda and Sri Lanka.

A fourth batch of 53 Indians returned to India from Iran on Monday, taking the total number of people evacuated from the coronavirus-hit country to 389.

Iran is one of the worst-affected countries by the coronavirus outbreak and the government has been working to bring back Indians stranded there. Over 700 people have died from the disease in Iran and nearly 14,000 cases detected.

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