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Petrol prices up Rs 1.34 a litre, diesel by Rs 2.37

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The new prices of non-branded petrol in metros like New Delhi would come to Rs 66.45 per litre, Kolkata Rs 69.08, Mumbai Rs 72.83 and Chennai Rs 65.96.

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Mumbai, 15 Oct 2016 : In response to global prices and currency fluctuations, the three state-owned oil marketing companies (OMCs) have decided to increase the price of petrol and diesel from midnight Saturday.

According to Indian Oil Corporation (IOC), petrol price will be increased by Rs 1.34 per litre excluding state levies, whereas diesel would become expensive by Rs 2.37 per litre.

“The current level of international product prices of petrol and diesel and INR-USD exchange rate warrant increase in selling price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision,” IOC said in a statement.

“The movement of prices in the international oil market and INR-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes.”

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The new prices of non-branded petrol in metros like New Delhi would come to Rs 66.45 per litre, Kolkata Rs 69.08, Mumbai Rs 72.83 and Chennai Rs 65.96.

The revised prices of non-branded diesel in New Delhi would come to Rs 55.38 per litre, Kolkata Rs 57.64, Mumbai Rs 61.05 and Chennai Rs 56.95.

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India

Gujarat was first state to adopt policy for solar power: PM Modi

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New Delhi, 24 Oct : Prime Minister Narendra Modi on Saturday inaugurated three projects in Gujarat including the Kisan Sarvodaya Scheme, under which the farmers will get electricity during the day for the irrigation purpose and said that Gujarat was first state to adopt policy for solar power generation.

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Mehbooba Mufti said she would not raise any flag other than Kashmir

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Srinagar, 23 Oct. : Former Jammu and Kashmir Chief Minister and Peoples Democratic Party President Mehbooba Mufti, who was released after nearly 14 months of detention, has started political activities. Mehbooba, who came to address a press conference for the first time after so many months, has announced that her party will unite in bringing Jammu and Kashmir back to the same status (before Article 370 is removed).

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India

Indian economy to contract by 10.3% in 2020; may show 8.8% growth in 2021: IMF

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New Delhi, 13 Oct. : The Indian economy, severely hit by the coronavirus pandemic, is projected to contract by a massive 10.3 percent this year, the International Monetary Fund said on Tuesday.

However, India is likely to bounce back with an impressive 8.8 percent growth rate in 2021, thus regaining the position of the fastest growing emerging economy, surpassing China’s projected growth rate of 8.2 percent, the IMF said in its latest ‘World Economic Outlook’ report.

Released ahead of the annual meetings of the IMF and the World Bank, the report said global growth would contract by 4.4 percent this year and bounce back to 5.2 percent in 2021.

America’s economy is projected to contract by 5.8 percent in 2020 and grow by 3.9 percent the next year, the IMF said.

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