‘Modi govt selling petrol, diesel to other nations at far cheaper rates than to Indians’

Agencies
August 31, 2018

New Delhi, Aug 31: The Congress on Friday accused the BJP government of selling petrol and diesel to other nations at far cheaper rates than to Indian citizens and alleged the people, who were suffering due to the all-time high prices, would give it a befitting reply in elections for this "betrayal".

Congress chief spokesperson Randeep Surjewala claimed the common man was suffering due to spiralling prices of such products and the government had "looted" the country of over Rs 11 lakh crore due to levy of "monstrous taxes".

"The Modi government is selling cheap petrol and diesel to foreign countries, as Indians suffer due to the all-time high prices," he said.

"The monstrous taxes being levied by the government have resulted in the skyrocketing petrol and diesel prices. The Modi government has already profited by over Rs 11 lakh crore from draconian taxes on fuel," he alleged in a statement.

The Congress leader claimed the petrol and diesel prices were at an all-time high and the common man, the middle class, the farmers, the transporters and small and medium businesses were bearing the brunt of it.

"Petrol and diesel in India are available in the range of Rs 78-86 and from Rs 70 to 75 respectively, but an RTI reply revealed the Modi government is selling petrol to 15 countries at just Rs 34 per litre and diesel to 29 countries at Rs 37 only. These include England, Australia, America, Malaysia and Israel. This is how the government betrayed and backstabbed the people of India," he alleged.

Surjewala claimed in July 2017, the Congress had demanded that petrol and diesel be brought under the ambit of the GST, but the government and the BJP refused to listen.

"Now, the people of India will answer the BJP by giving it a befitting reply in the upcoming elections," he said.

The Congress leader alleged the excise duty of petrol was just Rs 9.2 per litre in May 2014, while it is Rs 19.48 per litre now.

He claimed the excise duty of diesel was just Rs 3.46 per litre in May 2014 to Rs 15.33 per litre now. The central excise duty has been hiked 12 times since the BJP came into power.

He said the prices of essential commodities were burning holes in the budgets of the all Indians and the people would "not forgive and forget" the government for the "fuel loot" and they "will give a befitting reply to the BJP in the forthcoming elections".

He said while skyrocketing diesel prices of Rs 70.26 per litre in Delhi were impacting farmers' lifeline, besides a stinging effect on the runaway food inflation, the prices of petrol which touched a high of Rs 78.57 per litre in Delhi had gravely impacted the transportation and commuting cost of the common man.

He said the prices of petrol and diesel in the country’s financial capital Mumbai had touched Rs 86 per litre and Rs 74.59 respectively owing to taxes imposed by the BJP governments in the Centre and the State.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
January 24,2020

New Delhi, Jan 24: The Election Commission of India on Friday told the Supreme Court that its 2018 direction asking poll candidates to declare their criminal antecedents in electronic and print media has not helped curb criminalisation of politics. The poll panel suggested that instead of asking candidates to declare criminal antecedents in the media, political parties should be asked not to give tickets to candidates with criminal background.

A bench of Justices R F Nariman and S Ravindra Bhat asked the ECI to come up with a framework within one week which can help curb criminalisation of politics in nation's interest.

The top court asked the petitioner BJP leader and advocate Ashiwini Upadhyay and the poll panel to sit together and come up with suggestions which would help him in curbing criminalisation of politics.

In September 2018, a five-judge Constitution bench had unanimously held that all candidates will have to declare their criminal antecedents to the Election Commission before contesting polls and had called for a wider publicity, through print and electronic media about antecedents of candidates.

Comments

Satya Vishwasi
 - 
Saturday, 25 Jan 2020

What about those criminals who were already in parliament and vidahan sabhas? shall the ECI cancel their positions?

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
August 3,2020

New York, Aug 3: The number of coronavirus cases confirmed all over the world has surpassed 18 million, while the global COVID-19 death toll stands at over 687,000 according to data from the Johns Hopkins University's Coronavirus Resource Center.

As of 06:00 Moscow time on Monday (03:00 GMT), there are 18,017,556 confirmed coronavirus cases in the world. The global death toll from COVID-19 stands at 687,930. The number of recovered individuals stands at 10,649,108.

The United States remains the country with the largest number of cases (4,665,932) and the highest COVID-19 death toll (154,841), according to the latest data from the Johns Hopkins University.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.