Business
Petrol, Diesel Prices Remain Unchanged Across Metros. See Rates
On Friday, February 18, 2022, fuel prices remained unchanged for 105 consecutive days in all major cities. This is the longest time prices have remained flat since the daily price review began in June 2017.
This follows an 82-day hiatus from rate revisions between March 17, 2020 and June 6, 2020, when a nationwide lockdown was imposed to stop the spread of Covid-19.
The central government has cut consumption tax on November 4, 2021, to ease prices that have reached record highs. The government has imposed a tax of Rs 5 per litre on petrol and Rs 10 per litre on diesel, resulting in a sharp drop in fuel prices.
Later in December 2021, the Delhi government will reduce the VAT on petrol from 30% to 19.40%. This lowered petrol prices in the state capital by Rs 8.56 a litre.
In Delhi, petrol costs £95.41 a litre, while diesel costs £86.67 a litre. In Mumbai, petrol is priced at Rs 109.98 per litre while diesel is priced at Rs 94.14 per litre. Fuel prices in Mumbai remain the highest among major cities. Fuel prices vary by state due to sales tax or sales tax.
State-owned refiners such as Indian Oil, Bharat Oil and Hindustan Oil adjust their fuel prices on a daily basis based on crude oil prices in international markets and the exchange rate of the rupee against the dollar. Any gasoline and diesel price changes are implemented from 06:00 every morning.
India relies on imports for 85% of its oil needs, and domestic gasoline and diesel prices are linked to international prices. But over the past three months, petrol and diesel prices have remained unchanged ahead of elections in key states such as Uttar Pradesh and Punjab, despite soaring international oil prices.
Complete News Source : NDTV
Business
Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise
%20(3).jpg "Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise")
Tributes continue to pour in for Ratan Tata, with Virat Kohli and Jay Shah taking to their social media accounts to bid farewell to the industrialist.
Former Indian captain and batting legend Virat Kohli paid a touching tribute to Ratan Tata, the legendary business tycoon, who passed away on Wednesday night. Tata, a Padma Vibhushan recipient, was undergoing treatment in intensive care since Monday but breathed his last in Mumbai, leaving a profound impact on many across the nation.
Kohli expressed his condolences through his Instagram account on Thursday morning, sharing a heartfelt message along with a photo of the late industrialist.
Tata’s contribution to business, society, and philanthropy has been widely acknowledged, and his passing marks the end of an era.
The Board of Control for Cricket in India (BCCI) secretary, Jay Shah, also conveyed his sorrow, stating, “Deeply saddened by the loss of Shri Ratan Tata Ji. His leadership, integrity, and dedication to society set a remarkable standard for legacy. My heartfelt condolences to his loved ones. Rest in peace, Sir.” Shah’s words reflect the collective grief of a nation that has long admired Tata’s contributions to the country.
BCCI’s tribute
Additionally, the BCCI issued a statement about his demise.
“The BCCI expresses its deepest sorrow and joins the nation in mourning the passing of Shri Ratan Tata ji. His invaluable contributions across diverse fields have been instrumental in shaping India’s growth and success story.
His extraordinary legacy, founded on the principles of passion, empathy, visionary leadership, innovation, and excellence, will continue to inspire and guide future generations for years to come,” the statement read.
Ratan Tata, born on December 28, 1937, in Mumbai, embarked on his journey with the Tata Group in 1962 as a young executive. Over the decades, he transformed the group into a global conglomerate. His work was acknowledged with India’s second-highest civilian honour, the Padma Vibhushan, in 2008, and he received numerous accolades, including honorary doctorates from prestigious institutions in India and abroad.
Tata is survived by his family, including brothers and sisters Simone Tata, Jimmy Tata, Noel Tata, Aloo Tata, Shireen Jejeebhoy, Deanne Jejeebhoy, Leah Tata, Maya Tata, Neville Tata, Manasi Tata, Jamset Tata, Tiana Tata, and others, as mentioned in a family statement.
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