Karnataka: Petrol, diesel prices likely to go up as state govt revises sales tax; BJP reacts
June 15, 2024 18:42 ISTThe petrol and diesel prices are likely to go up in Karnataka as the Congress-led state government revised sales tax.
The petrol and diesel prices are likely to go up in Karnataka as the Congress-led state government revised sales tax.
The Insurance Regulatory Development Authority of India (IRDAI) has introduced new customer-friendly measures for health insurance. Insurers must now cover additional costs if claims are not settled within three hours of discharge.
The wholesale price index (WPI) based inflation was 1.26 per cent in the previous month. It was (-) 3.61 per cent in May 2023.
In a report titled Credit Conditions Asia-Pacific H2 2024 Credit Outlook, Moody's Ratings said Indonesia, the Philippines and India led the way in terms of growth in first half of 2024 and should continue to outperform pre-Covid growth numbers.
Manila is at first position with a 26.2 per cent annual growth in prices, followed by Tokyo at 12.5 per cent.
The Union Finance Minister Nirmala Sitharaman will chair the 53rd Goods and Services Tax Council meeting, with finance ministers from states, among others in attendance.
Nirmala Sitharaman was given the charge of the finance portfolio in the second stint of the Modi government after the 2019 general elections, becoming the first full-time woman finance minister in the independent India. In the third stint, PM Modi reposed his faith in her leadership.
The Indian stock markets opened at fresh record highs on Thursday following the US Federal Reserve's decision to keep interest rates unchanged. The Fed also indicated only one rate cut by the end of the year despite high inflation.
Inflation (CPI) dropped in May 2024, from 4.83 per cent to 4.75 per cent (YoY). The corresponding inflation rate for rural and urban rates is 5.28 per cent and 4.15 per cent, respectively.
Indian stock markets opened on a positive note on Wednesday, with the benchmark BSE Sensex and Nifty showing significant gains in early trading.
In early trading on Tuesday, benchmark equity indices saw a decline due to profit-taking after a record-breaking rally. Bluechip stocks such as Reliance Industries and HDFC Bank faced selling pressure.
The Nifty 50 index soared to an unprecedented high, driven by robust gains across various sectors. Leading the charge were stocks in the IT, financial, and consumer goods sectors, which showed significant upward momentum.
Ramoji Rao, who revolutionised the news and entertainment industry, died at a hospital in Hyderabad early on Saturday. He was 88. An innovative entrepreneur, he pioneered a number of ventures, including the Eenadu newspaper, ETV news network and Ramoji Film City.
Kiwa PVEL releases the annual scorecard that highlights manufacturers that have produced PV modules demonstrating noteworthy results in independent Product Qualification Program (PQP) testing.
The Sensex has reached an all-time high just days after experiencing a significant downturn on election counting day on June 4. The surge follows a period of uncertainty and fluctuation, demonstrating the dynamic nature of the stock market in response to political events.
The Reserve Bank of India (RBI) has proposed a new facility to allow automatic replenishment of UPI Lite wallets to promote small-value digital payments. Currently, UPI Lite has a daily limit of Rs 2,000 and a per-transaction limit of Rs 500.
The NSE Nifty index climbed 99.4 points to 22,920.80, continuing its upward trajectory and indicating a robust trading session.
RBI Governor Shaktikanta Das revealed the next set of monetary policies on Friday morning. Earlier, experts anticipated that the RBI will maintain the benchmark interest rate at 6.5%, unchanged since February 2023, due to inflation concerns.
Nisaba Godrej, executive chairperson of Godrej Consumer, has resigned from the board of VIP Industries due to differences over leadership accountability and succession planning. Her resignation, effective June 3, 2024, was disclosed in a stock exchange filing.
Stock market: Leading companies saw gains, with NTPC, SBI, ONGC, Coal India, and Power Grid among the top performers, while Britannia, Hindustan Unilever, Cipla, Hindalco, and Nestle India experienced losses.
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