Snehal khanna Blog

LATEST NEWS :Hundreds and thousands of trucks kept off the roads across the country on Monday beginning a two-day strike to protest against the GST and calling for an end to daily revision of fuel prices. The strike sparked price rise due to an imminent disruption in supplies of essential commodities ahead of Diwali. The decision to strike, which began at 8 a.m., came after last minute negotiations between the government and the transporters failed to resolve the logjam over their demands, Harish Sabharwal, Additional Vice President (North) of the All India Motor Transport Congress (AIMTC), said. "We are going on a nationwide chakka jam today (Monday) and tomorrow (Tuesday). Negotiations with the government did not yield any results as they did not agree to our demands. The truckers will suffer a loss of Rs 2,000 crore. We are compelled to suffer this loss," said Sabharwal, also a member in the Road Safety Council of the Ministry of Shipping, Road Transport and...

Daily price change will remove big leaps in rates that need to be effected at end of fortnight Come May 1, petrol and diesel prices will change every day in sync with international rates, much like what happens in most advanced markets. State-owned fuel retailers Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL), which own over 95 per cent of nearly 58,000 petrol pumps in the country, will launch a pilot for daily price revision in five select cities from May 1 and gradually extend it to all over the country. "Ultimately, we will be driving towards market linked rates on a daily basis at all pumps across the country," IOC Chairman B Ashok told PTI. ALSO READ: Petrol, diesel prices to be revised daily in 5 cities from May 1: Sources A pilot for daily revision of petrol and diesel price will be first implemented in Puducherry, Vizag in Andhra Pradesh, Udaipur in Rajasthan, Jamshedpur in Jharkhand and Chandigarh, he said...