FM Sitharaman’s statement on petrol-diesel price cut triggers controversy in Rajasthan

Jaipur, 23/5:Union Finance Minister Nirmala Sitharaman’s clarification that the entire cost of the reduction in excise duty on petrol and diesel will be borne by the Central government and the state’s revenue won’t be impacted by the move has triggered a political controversy in Rajasthan.     It has nullified the claims of Rajasthan Chief…

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India and Japan are natural partners, PM Modi tells Indian community in Tokyo

Tokyo, 23/5:India and Japan are “natural partners” and Japanese investments have played an important role in India’s development journey, Prime Minister Narendra Modi said on Monday.     Addressing the Indian community here on the first day of his two-day visit to Tokyo, Modi also said that India’s relationship with Japan is of spirituality, of…

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Oil prices at $110/bbl pose bigger threats than inflation: Hardeep Singh Puri

New Delhi, 23/5:Union Petroleum and Natural Gas Minister Hardeep Singh Puri said oil prices staying at $110/barrel could pose bigger threats than inflation to the global economy.     “If oil prices remain at $110 (per barrel) you are not just talking about inflation, then you’re talking about bigger threats. You know, that’s where the…

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PM Modi, Biden to meet in Tokyo, wheat export ban up for discussion

Tokyo, 23/5: India’s move to restrict the export of wheat may come up for discussion when Prime Minister Narendra Modi and United States President Joe Biden will meet in Tokyo on Tuesday.     Biden is also likely to have “constructive and straightforward” talks with Modi on Russia’s aggression against Ukraine, as India continues to…

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Maharashtra, Kerala, Rajasthan reduce VAT on petrol, diesel after Centre cuts excise duty

Mumbai, 22/5: Maharashtra, Rajasthan and Kerala have decreased VAT on petrol and diesel after Finance Minister Nirmala Sitharaman’s call to provide further relief to consumers following a cut in excise duty by the Centre, though some other states appeared reluctant citing their inability to take more strain on revenue.     Senior Congress leader P…

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