Ignoring Bharat Bandh, Modi govt hikes petrol, diesel prices again amidst protests

Agencies
September 10, 2018

New Delhi, Sept 10: Even as the opposition parties called for Bharat Bandh to protest against the soaring fuel prices, the govt-owned oil marketing companies (OMCs) have again increased the price of sensitive petroleum products like petrol and diesel in the country on Monday.

The prices of petrol and diesel touched a new high with Mumbai paying the maximum among the four metros. While petrol costs ₹88.12 a litre, diesel is priced at ₹77.32 a litre, according to the daily price notification issued by OMCs.

In Delhi, the petrol price has been risen to a record ₹80.73 a litre, while diesel price has been increased to ₹72.83 a litre, which is also at a record high, but lowest among the four metros.

The petrol prices has gone up by around 5% since August 1, while diesel prices has gone up by 7% during the same period.

The price build-up of petrol in Delhi as on September 3, includes excise duty of ₹19.48, dealer commission of ₹3.63, and VAT of ₹16.83(including VAT on dealer commission).

Similarly, the price build-up of diesel in Delhi includes excise duty of ₹15.33, dealer commission of ₹2.51, and VAT of ₹10.46(including VAT on dealer commission).

In Kolkata, the price of petrol has been increased to ₹83.61 per litre while the diesel price has gone up to ₹75.68 per litre. Similarly, petrol is being sold for ₹83.91 per litre in Chennai and the diesel retail price is ₹76.98 per litre.

The fuel prices are likely to go up further as the rupee hit yet another all-time low of ₹72. 18 against the U.S. dollar on Monday, while price of Brent oil was still hovering over $77 a barrel.

India imports about 80% of its crude oil, and the falling Indian rupee will make the imports costlier and lead to a rise in fuel prices.

State-owned oil firms had in mid-June last year dumped the 15-year practice of revising rates on the first and 16th of every month.

India imported crude oil worth ₹2,640,30 crore (over $39 billion) between April and July 2018, according to the data by the Petroleum Planning and Analysis Cell.

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Agencies
July 15,2020

New Delhi, Jul 15: Air India has started the process of identifying employees, based on various factors like efficiency, health and redundancy, who will be sent on compulsory leave without pay (LWP) for up to five years, according to an official order.

The airline's board of directors have authorised its Chairman and Managing Director Rajiv Bansal to send employees on LWP "for six months or for a period of two years extendable upto five years, depending upon the following factors - suitability, efficiency, competence, quality of performance, health of the employee, instance of non-availability of the employee for duty in the past as a result of ill health or otherwise and redundancy", the order said on Tuesday.

The departmental heads in the headquarter as well as regional directors are required to assess each employee "on the above mentioned factors and identify the cases where option of compulsory LWP can be exercised", stated the order dated July 14.

"Names of such employees need to be forwarded to the General Manager (Personnel) in headquarter for obtaining necessary approval of CMD," the order added.

In response to queries regarding this matter, Air India spokesperson said,"We would not like to make any comment on the issue."

Aviation sector has been significantly impacted due to the travel restrictions imposed in India and other countries due to the coronavirus pandemic. All airlines in India have taken cost-cutting measures such as pay cuts, LWP and firings of employees in order to conserve cash flow.

For example, GoAir has put most of its employees on compulsory LWP since April.

India resumed domestic passenger flights from May 25 after a gap of two months due to the coronavirus pandemic.

However, the airlines have been allowed to operate only a maximum of 45 per cent of their pre-COVID domestic flights. Occupancy rate in Indian domestic flights has been around 50-60 per cent since May 25.

Scheduled international passenger flights continue to remain suspended in India since March 23.

The passenger demand for air travel will contract by 49 per cent in 2020 for Indian carriers in comparison to 2019 due to COVID-19 crisis, said global airlines body IATA on Monday.

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News Network
May 22,2020

New Delhi, May 22: Reserve Bank Governor Shaktikanta Das on Friday extended the moratorium on payment of loans by another three months till August to provide much-needed relief to borrowers whose income has been hit due to the coronavirus crisis.

In March, the central bank had allowed a three-month moratorium on payment of all term loans due between March 1, 2020, and May 31, 2020.

Accordingly, the repayment schedule and all subsequent due dates, as also the tenor for such loans, were shifted across the board by three months.

As a result of this moratorium, individuals’ EMI repayments of loans taken were not deducted from their bank accounts, providing much-needed liquidity.

The EMI payments will restart only once the moratorium time period expires on August 31.

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News Network
June 30,2020

New Delhi, Jun 30: Short video making app TikTok, one of the 59 apps banned by the Central government on Tuesday, has said that it complies with all data privacy and security requirements under the Indian law and has not shared any information of its users in India with any foreign government, including the Chinese Government.

Taking to microblogging site Twitter, Tiktok India posted the statement issued by Nikhil Gandhi, Head of TikTok, India.

"The Government of India has issued an interim order for the blocking of 59 apps, including TikTok and we are in the process of complying with it. We have been invited to meet with concerned government stakeholders for an opportunity to respond and submit clarifications. TikTok continues to comply with all data privacy and security requirements under Indian law and has not shared any information of our users in India with any foreign government, including the Chinese Government," reads the statement.

"Further, if we are requested to in the future we would not do so. We place the highest importance on user privacy and integrity. TikTok has democratized the internet by making it available in 14 Indian languages, with hundreds of millions of users, artists, story-tellers, educators and performers depending on it for their livelihood, many of whom are first-time internet users," the statement further reads.

Amid border tensions with China in Eastern Ladakh, the Centre had on Monday banned 59 mobile apps including Tik Tok, UC Browser and other Chinese apps "prejudicial to sovereignty and integrity and defence" of the country.

A senior official at the IT ministry said the prime reason to block the apps under section 69 A of Information Technology Act is to stop the violation and threat to the security of the state and public order and to plug the data leaks.

"Almost all of them have some preferential Chinese interest. Few are from countries like Singapore. However, the majority have parent companies which are Chinese," the official said.

This move will safeguard the interests of crores of Indian mobile and internet users. This decision is a targeted move to ensure safety and sovereignty of Indian cyberspace, Ministry of Information Technology said.

Comments

Angry Indian
 - 
Tuesday, 30 Jun 2020

war is fought man to man face to face...how china killed how soldier,

and we indian banning there app...what a joke

now bakth will say 56 inch chest modi is hero...

 

in our counrty we have 100% fool leaders and 80% foolish citizen...we will never develop..

 

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