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C M Y K - RNI Regn. No. MPENG/2004/13703, Regd. No. L-2/BPLON/41/2006-2008 45//4 34* ./.,/012 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. But during 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 the last two days, the IT sector 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 has also cracked with TCS 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 leading the fall, losing as much 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. as 10 per cent in two sessions. 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 With blue chips companies 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 like Maruti Suzuki and Nestle 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 Eicher Motor shedding almost 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 28 per cent in two months, the 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- large caps universe has also not 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 remained immune to the sell- 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 off. 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 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. %#! $%&'()*% +#, yanmar has conveyed to MIndia that Rohingyas will have to be identified only on the basis of a separate bi-lingual hief Minister Shivraj Singh nationality verification form CChouhan has announced provided by it and not through to increase the honorarium of any other means. priests of government main- The Embassy of Myanmar tained temples by three times. has told the Ministry of Priests with low income will External Affairs (MEA) that it also get the benefits of the would not entertain any other Sambal Yojana. verification method which does Pujaris of temples owning not match with its own data on 10 acres of agricultural land will Rohingyas. be able to do farming them- The development comes selves and can earn their liveli- even as India on Thursday hood through the income gen- deported seven Rohingya erated from it. Auction of over immigrants, who have been 10 acres agricultural land can staying in Assam illegally, to be done by the priests them- their country of origin — Earlier in the day, the signed by such illegal immi- Embassy of Myanmar has pro- selves under the guidance of Myanmar — in a first such Supreme Court rejected the grants and their guardians. vided them a separate nation- the collector's representative. move with regard to the peo- plea made by one of the The Ministry has also pre- ality verification form and will The Chief Minister made ple from the Rakhine province Rohingya refugees seeking to pared a list of non-government not entertain any other form. these announcements during of the neighbouring country. restrain the Centre from organisations (NGOs) provid- The new form includes the discussions held with a del- The illegal immigrants deporting them to Myanmar. ing assistance to Rohingyas in some additional identifiers not egation of Brahmin Samaj and were detained in 2012 and On Myanmar’s condition Delhi. included in the form circulat- since then were lodged in for taking back Rohingyas, the On the repatriation of ed by the home ministry in Cachar Central Jail in Assam's Ministry of Home Affairs has seven Rohingya immigrants October, 2017.

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