Business
Today’s petrol and diesel prices in Mumbai are lower. Check out the most recent rates in other cities.
After Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol of 8 rupees per litre and diesel of 6 rupees per litre on Saturday, the prices of petrol and diesel have remained unchanged today.
After taking into account the impact on other levies, the excise duty cut will result in a reduction of 9.5 cents per litre on petrol in Delhi and 7 cents per litre on diesel. When the excise cuts take effect today, petrol will cost 96.72 per litre in Delhi, compared to 105.41 currently, and diesel will cost 89.62 per litre, compared to 96.67 currently.
The Maharashtra government slashed the value-added tax (VAT) on petrol and diesel on Sunday, a day after the central government announced a reduction in fuel prices. The VAT on petrol has been reduced by 2.08 per litre, while the VAT on diesel has been reduced by 1.44 per litre.
After the reductions in excise duty and VAT, a litre of petrol will cost 111.35 in Mumbai, and a litre of diesel will cost 97.28. Petrol and diesel prices in Chennai are 102.65 and 94.24 per litre, respectively. Petrol costs 106.03 in Kolkata, while diesel costs 92.76. One litre of petrol will cost 101.94 in Bengaluru, while one litre of diesel will cost 87.89. One litre of petrol will cost 97.81 in Gurugram and diesel is 90.05 in Delhi.
Petrol is subject to excise duty imposed by the federal government. Similarly, the state government imposes ad valorem VAT on gasoline. The VAT on gasoline varies by state. The VAT is automatically reduced because the centre has reduced the excise duty on diesel and gasoline.
The Centre has repeatedly urged states, particularly non-BJP-ruled states, to lower VAT on gasoline and diesel, but the states have refused.
The move came after opposition parties and economists criticised the government’s inflation management. WPI (wholesale price inflation) hit a new high of 15.08 percent in April, while retail inflation hit a near-eight-year high of 7.79 percent.
%20(2).jpg "Ratan Tata, industry titan and national icon, dies at 86")
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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