New Delhi, Aug 1: Delhi Chief Minister Arvind Kejriwal on Thursday announced that consumers consuming up to 200 units of electricity won't need to pay their power bills.
Making the announcement, Kejriwal said the Delhi government will give full subsidy to those consuming up to 200 units of electricity.
Those consuming 201 to 401 units of electricity will continue to get 50 per cent power subsidy from the government, he added.
New Delhi, Jun 16: Jet fuel or ATF price on Tuesday was hiked by 16.3 per cent while petrol price was increased by 47 paise per litre and that of diesel by a record 93 paise on the back of firming international oil rates.
Aviation turbine fuel (ATF) price was hiked by ₹5,494.5 per kilolitre (kl), or 16.3 per cent, to ₹39,069.87 per kl in the national capital, according to a price notification by state-owned oil marketing companies.
This is the second straight increase in ATF price this month. Rates were hiked by a record 56.5 per cent (₹12,126.75 per kl) on June 1.
Simultaneously, petrol and diesel prices were hiked for the 10th day in a row.
Petrol price in Delhi was hiked to ₹76.73 per litre from ₹76.26, while diesel rates were increased to ₹75.19 a litre from ₹74.26, the price notification said.
In 10 hikes, petrol price has gone up by ₹5.47 per litre and diesel by Rs 5.8 a litre.
Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.
The hike in diesel rates is the highest daily increase since the state-owned fuel retailers started daily revision in rates in May 2017.
Hike for 10th consecutive day
Tuesday’s increase in petrol and diesel price marks the 10th straight day of rise in rates since oil companies on June 7 restarted revising prices in line with costs, after ending an 82-day hiatus.
The freeze in rates was imposed in mid-March soon after the government hiked excise duty on petrol and diesel to shore up additional finances.
Oil PSUs Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) instead of passing on the excise duty hikes to customers adjusted them against the fall in the retail rates that was warranted because of fall in international oil prices.
The June 1 hike in jet fuel price had come after seven consecutive reductions in rates since February. ATF price in Delhi before the reduction cycle began in February was ₹64,323.76 per kilolitre, which got reduced to ₹21,448.62 last month.
Industry officials said the hike was necessitated because benchmark international rates have bounced back from a two-decade low.
While ATF prices are revised on 1st and 16th of every month, petrol and diesel prices are revised on a daily basis.
Oil companies used to revise ATF prices on the first of every month, but adopted fortnightly revisions on March 21 to pass on the benefit of falling international oil prices to airlines.
Mumbai, Mar 12: In what appears to be the worst trading session in the Indian stock markets, the benchmark BSE Sensex crashed over 2900 points to end below the 33,000-mark.
The Sensex crashed 2,919.26 points to end at 32,778.14. So far it has touched an intra-day low of 32,530.05 points.
The Nifty50 on the National Stock Exchange also lost nearly 850 points so far. It plunged 868.25 points to 9,590.15.
The plunge was in line with the global markets as all Asian indices also traded in the red after the World Health Organization (WHO) declared coronavirus a global pandemic following which the Dow Jones Industrial Average also slumped significantly on Wednesday.
The bear run in both the global and domestic markets has continued off late on concerns of the coronavirus outbreak severely impacting the global economy. It has also raised calls for government intervention and support.
Central banks in several countries, including the US Federal Reserve have announced emergency rate cuts to boost sentiments. However, the concerns have only deepened in the past few days as the number of COVID-19 cases across the world has increased.
Further, following the rout in the global markets oil prices also fell on Thursday with the Brent crude trading around $34 per barrel.
The Indian rupee also felt the pressure and touched a 17-month low of 74.34 per dollar in its initial trade.
New Delhi, May 21: As many as 5,609 new COVID-19 cases were reported in India in the last 24 hours, taking the total number of cases in the country to 1,12,359 according to the Union Ministry of Health and Family Welfare.
Out of the total cases, 63,624 are active cases, 45,300 patients have been cured/discharged or have migrated and 3,435 deaths have been reported.
With 39,297 cases in total, Maharashtra remains the worst affected state in the country, followed by Tamil Nadu (13,191 cases), Gujarat (12,537 cases), and Delhi (11,088 cases).
The nationwide lockdown imposed as a precautionary measure to contain the spread of coronavirus has been extended till May 31.
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