Hyderabad, July 1st: The Union government bypassed the cabinet to raise the price of petrol by Rs 4 per liter and that of diesel by Rs 2 a liter with effect from Wednesday. In the city the hike was Rs 4.44 for petrol and Rs 2.17 for diesel. The petroleum minister, Mr. Murali Deora told to reporters that the hike was necessitated because of rising international crude oil prices. He consulted only with the party leadership and the Prime Minister, Dr. Manmohan Singh to decide on the hike.
The decision was rushed through since the Parliament’s budget session is to begin on Thursday and the government wanted to act before that. Mr. Deora said the government will not raise the domestic LPG and kerosene prices though the public sector oil companies are losing Rs 92.96 per cylinder and Rs 15.26 per liter kerosene respectively.
The cash starved AP government will benefit from the hike on petroleum products. It is expected to get Rs 162 crore additional revenue in 2009-10 financial year in the form of VAT that is being imposed on the sale of petrol and diesel. On the other side it will be a big burden for the APSRTC and transport sector. The government has to come to the rescue of the corporation by reducing sales tax, said the RTC director, Mr. M. Nageswara Rao.
Hyderabad, July 1st: The Admissions and Fee Regulation Committee (AFRC) will finalise the fee structure for the engineering and pharmacy courses on July 4 and for MBA and MCA courses on July 6. The AFRC committee met here on Wednesday and discussed the matter with the representatives of private pro...
Kakinada, July 1st: The Kakinada branch of Institute of Chartered Accountants of India (ICAI) celebrated Chartered Accountants’ Day here on Wednesday. It was on this day in 1949 that the ICAI came into being and also the Chartered Accountants Act. ICAI Central Council member Shantilal Daga wa...
Kakinada, July 1st: The district review meeting of East Godavari district was organized at Zilla Parishad office on Wednesday. The new in charge minister, Mr. Botsa Satyanarayana presided over the meeting. Several members cutting across the party lines brought to the notice of the authorities the n...
Kakinada, July 1st: The students of Kakinada Institute of Engineering and Technology (KIET) achieved third prize in the national level competition. The students won 3 prizes for their work “Line Follower with surveillance system’. They demonstrated their skills at the Robo camp held at ...
Hyderabad, July 2nd: A jilted lover attacked on a girl student studying diploma in TRR Polytechnic College at Meerpet here on Thursday morning with a sickle causing severe injuries on lower chin and the lower abdomen. The victim P. Lavanya is a third year student of computer science, the accused S...
Hyderabad, July 2nd: Following the raise in diesel prices, the Andhra Pradesh State Road Transport Corporation is not going to revise its fare. The state transport minister, Mr. Satrucherla Vijayarama Raju who reviewed the current financial situation of RTC, said that there is a need to revise the ...
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