Economy
Petrol cut by 31 paise a litre, diesel by 71 paise
With a slight softening of international prices, Indian Oil Corp on Tuesday reduced the rates of transport fuels, cutting petrol by 31 paise a litre and of diesel by 71 paise in Delhi, effective from midnight, with corresponding decrease in other states.
 
The prices were last revised on June 15, when petrol was hiked by 64 paise a litre and diesel cut by Rs.1.35.
 
"Since last price change, there has been a decrease in international prices of both petrol and diesel. INR-USD exchange rate has appreciated during this period," the oil marketer said in a release here.
 
The price of petrol per litre from Wednesday will be Rs.66.62 in Delhi, Rs.74.09 in Kolkata, Rs.74.52 in Mumbai and Rs.69.84 in Chennai.
 
Diesel will cost Rs.50.22 a litre in Delhi, Rs.54.75 in Kolkata, Rs.57.64 in Mumbai and Rs.53.62 in Chennai.
 
The Indian basket of crude oil cost $59.95 a barrel on the last trading day on Monday. A barrel equals 159 litres.

User

COMMENTS

Raj Mishra

2 years ago

plz notice

Railways to see $120 b investments: Prabhu
As much as $120 billion will be invested in Indian Railways in the next five years for expansion and upgradation, said Railway Minister Suresh Prabhu on Tuesday.
 
Indian Railway did not see any investments in the past 25 years, so there will be an investment of $120 billion to catch up with the backlog, said Prabhu, in an address to students and alumni of premier institutions like the IITs, National Law University and the London School of Economics.
 
As the need of financial infusion in the railways is immense, the government has already decided to welcome FDI in the different departments of railways like station development, coach manufacturing, high speed network and suburban rail, he said.
 
Highlighting the ills ailing the railways, he said the bad condition of toilets and ticketless travel are the two main issues plaguing the railways and sought innovative ideas and solutions from the audience to solve the problems.
 
Asking if odourless toilets can be created without using water and if a fool-proof mechanism can be put in place to abolish ticketless travel, the railway minister promised to reward the best ideas and solutions while announcing that a new website to promote technology in rail services will be opened shortly.

User

CAG pulls up Delhi on social schemes implementation
There were various irregularities on the part of Delhi government in implementing social social welfare schemes, the Comptroller and Auditor General (CAG) pointed out in its latest report.
 
Poor performance of mid-day meal scheme and failure to obtain fund utilisation certificates from various institutions were the chief issues raised by the government auditor in its report tabled in the assembly on Tuesday.
 
"There were delays in obtaining utilisation certificates (UCs) from various grantee institutions for the grants released to them. Out of a total of 5,235 grants amounting to Rs. 26,434.30 crore given till March 2013, 4,784 UCs amounting to Rs.19,064.02 crore were awaited from various departments at the end of March 2014.
 
"Out of 4,784 outstanding UCs, 2,267 UCs (47.39 percent) amounting to Rs 5,651.17 crore were due for more than 10 years," the report said.
 
The CAG also pointed out that despite being set up 39 years ago, Delhi Tourism and Transport Development Corporation could not chalk out the plan for tourism promotion in the capital.
 
On the mid-day meal scheme, it said: "Out of 2,102 samples of cooked meals, a total of 1,876 samples (89 percent) failed tests for nutritive value during 2010-14."

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)