Published: Wed, October 11, 2017
Global News | By Stacy Ballard

No reduction of Value-Added Tax on fuel says Raman Singh's govt in Chattisgarh

No reduction of Value-Added Tax on fuel says Raman Singh's govt in Chattisgarh

Petrol prices slashed by INR 2 and diesel by INR 1 will be effective from midnight on Tuesday according to cabinet minister of finance Sudhir Mungantiwar. Following that, price of petrol has gone down by Rs 2.93/litre and diesel by Rs 2.7/ litre.

Pradhan had said, the States must also give further relief by reducing Value-Added Tax by 5 per cent, while Centre had provided some relief to consumers by reducing excise duty on petrol and diesel by Rs 2 per litre.

Rick and Morty Fans Furious Over Mickey D's Sauce Stunt
McDonald's responded and said their "super limited batch, though well-intended, clearly wasn't near enough to meet the demand". Stores quickly ran out of their sauce supply - causing mini riots and an outpouring of complaints across social media.

Just last week, the prices of petrol and diesel in the city were at a three-year high as they were hovering around the Rs 81 and Rs 61 mark respectively.

"The decision has been taken in the interest of the people and it should not be linked with the polls", Gujarat Chief Minister Vijay Rupani told mediapersons while announcing the decision. The reduction comes after the state government cut prices of auto fuel by 60 paise soon after the federal government's decision to reduce basic excise duty by Rs2 per litre from October 4. After the new rates come into force, petrol will cost Rs 75.58 per litre and diesel will cost Rs 59.55 in the state.

Nokia shrinks workforce, drops virtual reality business
The news comes on the eve of the Oculus Connect VR developers conference, which opens Wednesday in San Jose. The company said that the job cuts will affect employees mainly in Finland , the United States and Britain.

Last week the finance ministry chose to cut excise duty Rs 2 per litre on both branded and unbranded petrol and diesel.

The finance ministry also said that the move has been done to cushion the impact of rising worldwide prices of crude petroleum oil and petrol and diesel on their retail sale prices. "We have requested all the states (to cut VAT) and I and sure that all the states will revisit their tax structure". The Central government had earlier instructed the state governments to bring down the taxes to help the consumers. "If the Centre makes an alternative provision for income, we will have no problems in reducing Value-Added Tax", said Finance Minister Sashi Bhusan Behera.

YA Tittle, Hall of Fame quarterback and Giants legend, dead at 90
In four seasons with the Giants - the final years of his career - Tittle led the team to a 32-13-3 record. Tittle retired following the 1964 season with 28,339 yards passing, 212 touchdowns and 221 interceptions.

Like this: