If trends observed in the first 15 days extend to all of August, then this would be a second monthly decline in diesel sales following an initial rebound when India reopened.
While diesel demand typically falls at this time of the year due to the monsoon, the decline exceeds the 8% month-on-month drop at the same point last year.
Delhi CM Arvind Kejriwal announced the reduction in VAT on diesel from 30 per cent to 16.75 per cent. This will bring down the price from Rs 82 to Rs 73.64.
While oil PSUs have regularly revised ATF & LPG prices, they had since 16 March kept prices on hold, amid extreme volatility in the international oil markets.
The global oil slump has given Modi govt the cushion to hike fuel taxes to meet revenue shortfalls. But retail fuel prices still hover around pre-Covid-19 levels.
Unlike his colleagues from the time of the BJS, several of whom became governors and held other constitutional posts, Malhotra chose to lead a quiet and simple retired life after the massive 2014 victory of the BJP.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Since 1815, Nepali Gorkhas have served in Indian & British Armies, as well as in Bihar, Bengal & Assam Police. Since Agnipath scheme came in, no Nepal-domiciled Gorkha has enlisted.
What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.
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