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Petrol, diesel prices go up by over Rs 3

A hike in petrol and diesel prices by over Rs 3 per litre from Saturday-Sunday midnight took away more from the common man than the Finance Minister Arun Jaitley proposed to give through his Budget.  Petrol price were hiked by ...

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Centre hikes excise duty on fuel again

For the third time in six weeks, the Centre on Thursday hiked the basic excise duty on petrol and diesel and absorbed the benefit of falling crude oil prices that would have been otherwise passed on to consumers by oil ...

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RBI makes SMS alerts for cheques mandatory

MUMBAI: Banks will now start sending SMS alerts to both payer and drawer in cheque transactions as soon as the instruments are received for clearing. Expressing concern over the rise in cheque-related fraud cases, the Reserve Bank of India (RBI) ...

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Service tax on remittances to India

Abu Dhabi: Non-Resident Indians (NRIs) will have to pay slightly more to remit money to India as the government of India has imposed a service tax on “fees or commission” levied by banks and financial institutions for facilitating remittances from ...

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Union Cabinet deregulates diesel price

NEW DELHI: The Union Cabinet on Saturday decided to deregulate price of diesel, linking it to global market prices. As a result, diesel price will be cut by Rs 3.37 per litre effective midnight tonight in Delhi. The reduction would ...

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Petrol cheaper by over Rs 2 from Aug 15

Much to consumers’ relief, petrol prices will be reduced by more than Rs 2 from Thursday midnight. The news, however, came from Petroleum Minister Dharmendra Pradhan on Wednesday instead of oil marketing companies (OMCs), indicating that the government still has ...

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