Fuel  

A message was sent out to the media last night by Nana Patekar's son Malhar, stating the press conference would not take place.

While Makkal Needhi Maiam (MNM) president Kamal Haasan  was leaving for Delhi from the Chennai airport, the actor addressed the media and reacted on Centre's decision to reduce the fuel price.

Karnataka Chief Minister HD Kumaraswamy gladly welcomes central government's order on price reductions on fuel.

The domestic currency closed at a record low of 73.58, down by 24 paise or 0.33 per cent on Thursday, marking its third straight session of losses.

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The finance minister said that he will write to states to cut local taxes while announcing a cut in excise duty on petrol and diesel.

Rising fuel prices, intense competition and inability to pass on spiralling expenses have been negatively impacting the domestic airlines

Prices of petrol and diesel have been on the rise since mid-August, rising almost every day due to a combination of a drop in the dollar-rupee and rise in crude oil prices

Maharashtra's VAT rate is 39%, Karnataka's stands at 30.28% and Delhi 27%. Mumbai, therefore, has the highest price for petrol since State VAT is at 39.12%.