IMF staff and the Sri Lankan authorities have reached a staff-level agreement to support Sri Lanka’s economic policies with a 48-month arrangement under the Extended Fund Facility (EFF) of about 2.9 billion US dollars.
Reports said that the loss to the exchequer post the reduction of excise duty on petrol and diesel will be borne through additional borrowings.
PM Modi on Wednesday, while addressing all state CMs, talked about planning and analysis of the rising number of COVID case. Moreover, the Prime Minister also appealed to non=BJP ruled states to reduce VAT on petrol-diesel. Watch this episode of Aaj Ki Baat with Rajat Sharma.
Sri Lanka is grappling with what is said to be its worst economic crisis since independence from the UK in 1948. It is caused in part by a lack of foreign currency, which is used to pay for fuel imports. People are languishing in long queues for fuel, cooking gas and endure power cuts lasting multiple hours.
Rahul Gandhi used the hashtag "RozSubahKiBaat" with his tweet attacking the prime minister on a range of issues today.
Fuel prices have fallen in Delhi as it reduced the value added tax (VAT) on the fuel from 30 per cent to 19.40 percent on Wednesday.
Modi's single masterstroke has left his rival camp rattled. Odisha Chief Minister Naveen Patnaik recently joined the 22 states which supported PM Modi's decision to reduce VAT on the price of petrol and diesel. However, there are some states which are determined to not follow these 22 states. And. it seems that anti-Modi gang is once again active.
The most reduction in the Petrol prices has been in Karnataka, followed by Puducherry and Mizoram. The prices of Petrol in these states have come down by Rs 13.35, Rs 12.85 and Rs 12.62 respectively, the release further added.
When many other states had increased fuel tax and introduced cess during the COVID-19 period, Kerala had not done so considering the plight of struggling commoners, the state Finance Minister said.
A day before Diwali, Rahul Gandhi said, "I wish the Modi government had a sensitive heart for the public."
Uttar Pradesh Minister Upendra Tiwari further added that if the fuel prices are compared to the per capita income, the prices are very low now.
The central government is in talks with several oil-exporting countries on the issue of supply and demand of oils but there is no possibility of immediate relief in prices.
On September 28 for gasoline and September 24 for diesel, a three-week respite
Petrol prices in Mumbai saw a rise to Rs 110.12 per litre while Diesel now costs Rs 100.66 a litre
With the latest hike, the price of petrol in the city shot up to Rs 107.41 per litre and that of diesel to Rs 100.13 per litre.
The price of petrol and diesel remains unchanged at Rs 101.19 and Rs 88.62 per litre in Delhi, as per Indian Oil Corporation.
The daily review and revision of prices is based on the average price of benchmark fuel in the international market in the preceding 15-days, and foreign exchange rates.
All filling stations in Mizoram are instructed not to issue petrol and diesel beyond the permitted quantities.
The Congress party slammed BJP-led NDA Government over rising prices of fuel.
A group of Congress workers turned vendors and sold vegetables as a protest in front of the Municipal Corporation office on July 13, against rising prices of fuel and vegetables.
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