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7Fv] U`H C& = Z 0 : - ) ; )< ; )< ; %'!% ()*+, 1'441 312 " '12, D4 + +,!4+ B0,/80,2, 5 +C 1 1, 0+ 4D , ,% 4 ,E ., 4D . , .5/+- =!4 ./.., >. $&?%%& @A& > , <<) ) -. /.01)*2 )+3 ! "$% !& +,-,./ HD Kumaraswamy ruled out any further cut in fuel prices as he Union Government on it had already done it a fort- TThursday announced a night ago. The State 2.50 a litre cut in petrol and Government had slashed the ! diesel prices, factoring in excise petrol and diesel prices by 2 duty reduction of 1.50 per litre per litre on September 17 in "#$%$ and asking oil companies to view of the public outcry absorb another 1 as the BJP against spiralling fuel prices. and the NDA-ruled States Union Finance Minister +,-,./ decided to slash oil prices by Arun Jaitley said it will be a test matching the Central cut. for those States whose leaders bloodbath on Dalal Street Soon after the announce- were only tweeting and Asaw sensex crash by more ment, the NDA Governments indulging in lip service. “What than 800 points on Thursday in 10 States — Uttar Pradesh, will they do now? Last time amid all-round selling spurred Assam, Himachal Pradesh, also only BJP and NDA-led by a falling rupee and rising Gujarat, Maharashtra, Madhya State Governments reduced crude oil prices. Similarly, the Pradesh, Chhattisgarh, Tripura, VAT. This time if other State NSE Nifty cracked the 10,600- ! " Jharkhand, and Goa — fol- Governments do not do it then level by falling 259 points. lowed the Centre’s footsteps people will ask them,” he said. Investors lost around 5 lakh the rupee hit a new intra-day hit plunging 7.03 per cent fol- announcing a cut of 2.50 per The Finance Minister said crore in just two days of stock low of 73.81 against the dollar. lowed by Hero MotoCorp 5.45 litre in fuel prices. Governor- the excise duty cut would have market crash where the BSE This is the lowest closing since per cent and TCS 4.54 per cent. ruled J&K too has slashed fuel an impact of 10,500 crore on benchmark index plummeted July 2 when the index had set- In the broader market, the prices 2.50 per litre. Central Government’s tax rev- by 1,357 points. tled at 35,264.41. The sensex S&P BSE midcap index fell by As Centre’s cut was enues. He also asked State Led by the sharp sell-off in had lost 550.51 points on 1.93 per cent and small cap matched by these States, the Governments to follow suit by # $ % & & ' ! " equities, the market capitalisa- Wednesday. index 2.07 per cent. combined relief to the con- cutting a sales tax or VAT by a tion of BSE-listed companies The bear grip is so fierce on The situation is grim that sumers would be to the tune of similar amount. 4 per cent and higher direct tax litre while that of diesel was At a Press conference, BJP tumbled 5,02,895.97 crore to the market that no sector has nearly 400 stocks hit their 52- 5 per litre. The reduction fol- Jaitley said the move fol- collections give comfort with 81.02 per litre. spokesperson Sambit Patra 1,40,39,742.92 crore ($1.90 survived the pain. For the last week low on BSE on Thursday. lowed petrol and diesel prices lowed Brent crude oil touching regard to fiscal deficit, he said “Finance Minister Sh expressed the hope that people trillion). According to news several weeks investors had At the BSE, 1,889 stocks touching new highs. four-year high of $86 a barrel adding domestic macroeco- @arunjaitley Ji has announced will get a total relief of 5 at the agency PTI, the dollar figure used pharma and IT sector to declined, while 775 advanced However, the BJP-JD(U) on Wednesday and interest nomic indicators are strong and 2.5 cuts in petrol & diesel earliest as the Centre has asked has been arrived at by calcu- “hide” from market fall since and 138 remained unchanged. alliance Government in Bihar rates in US reaching seven-year stable, except for current prices. Reciprocating positive- States to effect an equal amount lating the m-cap from rupee’s they were supposed to benefit Not only traders but long- has not followed suit. Bihar high. The relief to consumers account deficit (CAD). ly to FM’s announcement, the of tax cut in the oil prices. intra-day low of 73.81 from falling rupee. term investors, including those Deputy Chief Minister Sushil will be in three parts — Centre In Delhi, where the fuel Govt of Gujarat has also decid- He also took a swipe at the Thursday. With this, market But during the last two holding mutual fold portfolios, Kumar Modi on Thursday will cut excise duty by 1.5, and prices are the lowest among all ed to reduce 2.50 on both previous Congress-led capitalisation of BSE-listed days, the IT sector has also have suffered heavy losses. remained non-committal on oil marketing companies metros and most State capital, petrol & diesel. Thus petrol & Government at the Centre, firms slipped below the $2 cracked with TCS leading the Several mid-cap and small- whether the State Government (OMCs) will factor in 1 in petrol is sold at 84 per litre diesel would be 5 cheaper in saying it had “pawned” nation- trillion. fall, losing as much as 10 per cap MFs have lost as much as would reduce tax on petrol and their pricing, and States have and diesel at 75.45. the State of Gujarat,” Rupani al resources by issuing oil Spooked by overnight cent in two sessions. 30 per cent during the mayhem diesel in view of the Centre’s been asked to cut VAT as they Soon after the Central tweeted. bonds while the Modi sharp rally in Brent crude price With blue chips companies that started three weeks ago. appeal in this regard. have raked in windfall gains decision, Gujarat announced Welcoming the decision, Government showed its sensi- which touched fresh four-year like Maruti Suzuki and Nestle With fix deposit interest The Opposition ruled due to ad valorem nature of the reduction of petrol and diesel BJP president Amit Shah said tivity by reducing the prices. high of 86.68 before showing Eicher Motor shedding almost rate falling, the investors had States are yet to decide on cut- levy that results in higher real- prices by 2.50 per litre. that the reduction in petrol and The Union Government mild correction, markets wit- 28 per cent in two months, the parked their money in a big ting their shares of VAT on isation whenever rates move In effect, the reduction diesel prices by 2.50 a litre has also expressed confidence nessed severe selling on large caps universe has also not way in the MFS, and now that petrol and diesel; Karnataka up, the Finance Minister said. will be to the tune of 5 per litre shows the Narendra Modi-led that it will fulfill its fiscal Thursday with the benchmark remained immune to the sell- the market has crashed, they has refused to cut the prices. Inflation in India, howev- in Gujarat. Today’s petrol price Government’s sensitivity deficit targets, the BJP Sensex crashing over 806 off. On Thursday, among the are fleeing by cutting their Karnataka Chief Minister er, is still moderate at less than in Ahmedabad was 83.21 per towards people’s welfare. spokesperson said. points to end at 35,169.16 after large-caps, RIL was the worst losses. ! ! &''(% !R )%##! 1/01 +, Later, his interim relief was extended by n a big jolt for jour- the apex court till " ## involved in damages in its Inalist Abhijit Iyer October 5. Besides, 0 office. After assessment of loss- Mitra, the Supreme the court also ordered es by the district administra- Court on Thursday the Odisha police to fter the massive outbreak tion, the SJTA would file police dismissed his bail plea make necessary secu- Aof violence along the complains, said Chief in the case over his rity arrangement for Badadanda (Grand Road) on Administrator Pradipta alleged derogatory remarks Abhijit’s appearance in Orissa Wednesday, Puri came back to Mohapatra. about Odisha and the Sun High Court, if he wants so. normal on Thursday. Although Mohapatra informed that Temple in Konark. “Your (jour- Mitra, a close friend of for- the situation was internally lit- as many as 10 computers, nalist Abhijit Iyer-Mitra) com- mer Kendrapada MP Baijayant tle tense with groups indulging besides almirahs, glasses and ments incite religious feelings. Panda had made insulting in blame games in the city, but CCTV cameras were broken. How are you entitled for bail?, remarks about the people of 1/01 +, Panda further said the no single incident was report- He denied media reports of said the apex court’s three- Odisha by calling them ‘pur- tigress is moving along with a ed by 8 pm on Thursday. theft of money and gold from judge Bench while dismissing chased presstitutes’ and ‘paid fter public unrest due to male tiger, which was The tourists, visitors and the temple office. his petition for bail. The Bench outragers.’ Earlier, he had said, Amovement of tigress relocated to Satkosia from the servitors made their entry into Taking seriously the large was headed by Chief Justice “Odisha was discovered by Sundari in areas near the outer Kanha National Park in the Jagannath Temple though scale violence against the queue Ranjan Gogoi. Bengali explorers, who called it periphery of the Satkosia Tiger Madhya Pradesh a few months all the doors without barricade.
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