Modi Government Has Crossed All Limits, Says Manmohan Singh At Bandh

Petrol and Diesel prices go up again Check out rates on September 8 in metro cities

Fuel prices in Delhi are the cheapest among all metros and most State capitals due to lower taxes. Union Petroleum Minister Dharmendra Pradhan also attributed the hike in fuel prices mainly to rupee depreciation. Till May 31, when the LDF government effected a slight cut in the sales tax on petrol and diesel, Kerala's was the sixth highest sales tax levy on both petrol and diesel. On the other hand, the taxes imposed by the Narendra Modi government on fuel is considerably high. The price of diesel rose to Rs 77.32, also an increase of Rs 0.23.

Here is one aspect that Left parties who are in the forefront of the nationwide hartal against the galloping fuel prices on Monday should ponder. This led to its excise collections from petro goods more than doubling in last four years - from Rs 99,184 crore in 2014-15 to Rs 2,29,019 crore in 2017-18. Because the price is built up by excessive taxes on petrol and diesel. These taxes are a huge revenue generator for the government, and the current regime is using these as milch cows to garner greater revenue while the common people suffer. The excise duty on petrol was ₹9.2 per litre in 2014 and it has gone up to ₹19.48 per litre. "Now that the rupee has crossed 72 to a USA dollar, what would they say now", he asked and added that the economic progress and GDP growth rate has been squandered by the Modi government. The revised rates are applicable from 6 am from today. Earlier, petrol prices were revised every fortnight, meaning that unlike now, the prices changed on the 1st and 16th of every month.

"We have given income tax relief to the tune of Rs 98,000 crore and also Rs 80,000 crore on account of GST rate cuts on 334 commodities", he said.

Fuel prices continued to rise on Monday, with the price of petrol touching Rs 88.12 a litre - an increase of Rs 0.23 a litre - in Mumbai, reported ANI.

Mr. Maken said the difference between fuel price hikes during the (UPA) regime and the Modi government is that while global crude prices dictated their upward revision, the Modi government used low worldwide crude prices to make windfall gains.



Latest news

Florence Intensifies From Category 2 to Category 4 Hurricane in Just Hours
He said to be ready 'for a hard hit, ' with evacutions across coastal communities in NC set to continue in the coming days. A photo taken from the International Space Station showed the huge tropical hurricane swirling over the Atlantic Ocean.

Prince Harry and Meghan Markle tour of New Zealand confirmed
Both Meghan and Harry have been open about their desire to start a family - and that they don't want to wait too long to do so. A source told Stuff earlier in 2018 that they planned to cross the ditch for a royal tour of Aotearoa on about October 28.

Packers' historic comeback win one for the ages
But the Packers did actually deal with the Bears' dominant pass rush in the second half. "Cool game, but you got to finish". But, even being carted off the field wasn't enough to stop the greatest quarterback in the league, as Green Bay won 24-23.

Watch Serena Williams journey from giving birth to U.S. Open
She resumed that argument after the second violation, still angry about the first violation. Williams will face Naomi Osaka Saturday at 4 p.m.

Trump warns of 'devastating' taxes on Canadian cars
As the process grinds on, some in Washington insist Trump can not pull out of NAFTA without the approval of Congress . For all of Trump's bluster on trade NAFTA there are certain fundamental truths that not even Donald Trump can change.

Other news