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Railways may hike second, sleeper class fares in budget

The railways is mulling over increasing passenger fares of second and sleeper classes in this year’s budget. There is a dominant view in the ministry that passenger fares of AC classes should not be touched as it is already high ...

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Air Arabia launches special fares for 48 hours

Sharjah-based airline Air Arabia has launched special fares for 48 hours, in which passengers will be able to book return tickets for as low as Dh470. According to the offer, passengers will have to book tickets on January 11 and ...

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Oil drops below $32 a barrel for the first time since April 2004

Oil prices fell for a sixth session to a new 12-year low on Monday as slowing growth in China rattled investors’ hopes for demand this year and traders increased bets against any near-term recovery. U.S. West Texas Intermediate (WTI) crude ...

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New Income Tax Reporting Norms from April: 10 Things to Know

To curb the menace of black money, the Income Tax department has notified new rules under which high-value transactions by individuals beyond a certain threshold will have to be reported by banks, property registrar and other agencies. Under the new ...

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Petrol price slashed by 58 paise per litre, diesel by 25 paise

NEW DELHI: The price of petrol was today cut by 58 paise per litre and that of diesel by 25 paise, reversing the trend of increasing rates, on global cues. Petrol will cost Rs 60.48 per litre from Monday mid-night in ...

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Oil plunges below $40: Longest losing streak in 29 years

JEDDAH: US crude oil prices on Friday plunged below $40 a barrel for the first time since the 2009 financial crisis, notching their longest weekly losing streak in 29 years after a further rise in US drilling and a drop ...

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RBI Asks Public to Refrain From Writing on Banknotes

Mumbai: Reserve Bank today asked the public not to write on the watermark window of banknotes as it bears an important security feature which differentiates it from a fake note. RBI said it was brought to its notice that members ...

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Property prices drop 30%

JEDDAH: There has been a drop in property prices by up to 30 percent in some parts of the country, the Housing Ministry reported recently. From the start of the year until May, deals worth SR278 billion were finalized, down ...

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Petrol prices cut by 31 paise per litre, diesel by 71 paise

NEW DELHI: Fuel retailers have lowered petrol and diesel prices by Rs 0.31 a litre and Rs 0.71 a litre, respectively, after aligning them with international prices and adjusting for foreign exchange rates. In Delhi, petrol will cost Rs 66.62 ...

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Income tax forms simplified, date for filing returns extended to Aug 31

NEW DELHI: The finance ministry on Sunday came out with new three-page income tax return (ITR) forms, dropping the controversial provision for mandatory disclosure of foreign trips and dormant bank accounts, while it also extended the last date of filing ...

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Petrol Price in India More than Pakistan, Sri Lanka: Oil Minister

New Delhi: Petrol in India costs more than neighbouring Pakistan and Sri Lanka but is cheaper than Bangladesh and Nepal, Oil Minister Dharmendra Pradhan said on Wednesday. Petrol price of Rs 63.16 per litre in Delhi is more than Rs ...

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Petrol price up by Rs 3.96, diesel Rs 2.37

After two rounds of cuts, petrol prices were today raised by Rs 3.96 per litre and diesel by Rs 2.37 a litre, tracking global cues. The increase in petrol and diesel prices will be effective from midnight tonight. Prices of ...

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Petrol, diesel prices slashed

NEW DELHI: Petrol price was today cut by 80 paise a litre and diesel by Rs 1.30 per litre, the second reduction in rates this month.The reduction will be effective from midnight tonight, Indian Oil Corp (IOC) said. After the cut, ...

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Petrol prices cut by 49 paise/litre, diesel by Rs 1.21

NEW DELHI: After two consecutive hikes, petrol prices were on Wednesday cut by 49 paise per litre and diesel by Rs 1.21 a litre on softening international oil rates. The reduction in rates will be effective from midnight tonight. Prices ...

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