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Wednesday,01-December-2021

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Govt increased LPG prices by Rs 265 since Nov 2020: Congress

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A day after price of the LPG cylinders was hiked by Rs 25, the Congress slammed the government saying since November last year it has hiked the price of the cooking gas by Rs 265 per cylinder and it has not given any subsidy on the cooking gas since May 2020.

Addressing a press conference at the party headquarters, Congress spokesperson Supriya Shrinate said, “The prices of the LPG cylinders have been hiked once again by Rs 25. With the current hike in the prices, the LPG cylinder price in Delhi has gone to Rs 859.”

She said that since November 2020, the government has increased prices of the LPG cylinders by Rs 265, which is a 44 per cent hike. She also said that since May 2020, the government has not given any subsidy on the cooking gas. “In 2014, the subsidy on fuel was Rs 1.47 lakh crore, which has been decreased to Rs 12,000 crore in 2021 Budget,” Shrinate said, who was accompanied by party spokespersons Alka Lamba and Radhika Khera.

She said that the government earned Rs 4.53 lakh crore through taxes on fuel but no relief was passed to the people of the country.

This is the second consecutive month that oil companies have hiked domestic cooking gas prices. A domestic cylinder cost Rs 809 on June 1. This was hiked to Rs 834 on July 1.

Slamming Prime Minister Narendra Modi, the Congress leader said, “In June 2013, Modiji said that the people of the country are suffering due to the inflation by the government sitting in Delhi.” Shrinate said, “There can be no other falsehood than this, when the people of the country are reeling under inflation, but the government is not worried to give any relief to them by reducing the prices of the LPG.”

The Congress leader said that it is a cruel joke on the people of the country due to economic slowdown, unemployment and less earning. She said that if compare the prices of the Saudi Arab’s Aramco, then current prices of the crude gas is $611.14 per metric tonne. And as per the current rate of the crude gas, the LPG cylinders should be sold at Rs 600.7 per cylinder in India.

Slamming the government’s Ujjwala scheme, she said, “Government keeps on praising its Ujjwala scheme, but they forget to mention that 23 crore people have been pushed below the poverty level. And how many of them can afford the LPG cylinder which is being sold at Rs 859, she asked.

Shrinate demanded the government to show some sinsitivity and reduce the prices of the LPG cylinders immediately so that common people gets some relief.

Business

Delhiites suffered due to Kejriwal’s delayed decision on petrol prices: Manoj Tiwari

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BJP MP Manoj Tiwari on Wednesday said had the Delhi government reduced VAT on fuel soon after the Centre’s decision to lower the prices of petrol and diesel, Delhiites’s hard-earned money would not have been wasted.

“Kejriwal looted the people of Delhi for 27 days! The late decision (on reducing VAT on petrol) has once again proved that he does not care about the people! Had the decision been taken 27 days ago, the people of Delhi would not have lost crores of rupees,” Tiwari said in a tweet in Hindi this afternoon.

Petrol prices in the national capital have fallen by Rs 8 per litre after the Delhi government cut down Value Added Tax (VAT) on the fuel to 19.40 per cent from earlier 30 per cent.

This decision was taken after the chief minister chaired a Cabinet meeting over the issue. Till now, the petrol is being sold at Rs 103.97 and new rates will come into effect from midnight.

Meanwhile, the diesel rate in Delhi stands at Rs 86.67. In Mumbai, which is having the highest fuel rates among metro cities, petrol is retailed at Rs 109.98 per litre while diesel is being sold at Rs 94.14 per litre.

On November 4, the Centre had reduced petrol and diesel rates by Rs 5 and Rs 10 per litre respectively. Post the move, the Opposition parties in Delhi have been urging the AAP-led state government to cut VAT on petrol by at least Rs 10 per litre.

Following the Central government’s announcement, as many as 25 states and Union Territories reduced Value Added Tax (VAT) on petrol and diesel to provide relief to consumers.

A majority of these states are either ruled by the Bharatiya Janata Party (BJP) or its allies.

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Nov GST collection rises to over Rs 1.31 lakh Cr

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GST

 India’s GST collection rose on both sequential and year-on-year basis in November.

Accordingly, the gross GST collection rose to Rs 1,31,526 crore last month.

This was the second straight month when the gross GST collection crossed Rs 1.30 lakh crore.

Besides, the GST revenue for November 2021 was 25 per cent higher than the corresponding period of last year and 27 per cent over the like month of 2019-20.

As per the Ministry of Finance, out of the total gross collection, CGST’s share was Rs 23,978 crore, SGST was Rs 31,127 crore, IGST about Rs 66,815 crore and Cess was Rs 9,606 crore.

“The GST revenues for November 2021 have been the second highest ever since the introduction of GST, second only to that in April 2021, which related to year-end revenues and higher than last month’s collection, which also included the impact of returns required to be filed quarterly,” the ministry said.

“This is very much in line with the trend in economic recovery.”

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Business

Petrol prices cut by Rs 8/litre in Delhi

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Petrol prices in national capital fell by Rs 8 per litre on Wednesday after the Delhi government cut down Value Added Tax (VAT) on the fuel to 19.40 per cent from earlier 30 per cent.

New rates will come into effect from midnight.

This decision came after Chief Minister Arvind Kejriwal chaired a Cabinet meeting this morning.

Currently, the petrol is being sold at Rs 103.97.

In early November, the Centre had reduced petrol and diesel rates by Rs 5 and Rs 10 per litre respectively. Post the move, the Opposition parties in Delhi have been urging the AAP-led state government to cut VAT on petrol by at least Rs 10 per litre.

In India, fuel prices differ from state to state depending on the local taxation (VAT) and freight charges. Besides, the central government charges an excise duty on auto fuels. After adding excise duty, dealer commission and VAT, the retail selling price of the petrol gets nearly doubled.

From June 2017 onwards, the petrol and diesel prices in India are being revised daily at 6 a.m. via the dynamic fuel price method. Earlier, this exercise used to take place every fortnight.

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