Oil  

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

The service tax department now contends that the overseas units are rendering a service to OVL and as such the company is liable to pay service tax at the full rate, sources said.

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%. 

According to Kochi-based Federal Bank, there are signs of a spurt in remittances already, with the banks remittance touching Rs 1,000 crore per week last fortnight, as against the usual average of Rs 700-800 crore.
 

The ayurvedic fraternity, which considers coconut oil a superfood, took no time to throw their weight behind Varchaswi’s find. Art of Living teacher Khurshed soon joined in.

The petitioner argued that petrol and diesel were essential commodities and that their prices could not be left to the 'whims and fancies' of state-run oil companies