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New Delhi: The higher fiscal deficit in the current financial year, that has touched 83 percent of the full year's target, is the result of increased tax refunds, Finance Minister Arun Jaitley said Friday. "Higher tax refunds are getting reflected in fiscal deficit number. This year there were pending tax refunds estimated around Rs.120,000 crore," he told reporters here. "It would be challenging ...
Petrol price was on Friday cut by Rs 2.41 a litre, the sixth reduction since August, and diesel by Rs 2.25 per litre on back of falling international oil rates. The reduction in rates of petrol and diesel, which was deregulated for the first time in more than a decade, will be effective from midnight, Indian Oil Corp, the nation's largest fuel retailer, announced. The Rs 2.41 a litre price cut in ...
Gold prices plunged by Rs 600 to Rs 26,500 per 10 grams in the national capital today after the precious metal slumped to the lowest level since 2010 in global markets as the strengthening dollar eroded demand for the commodity. Besides, subdued demand from jewellers and retailers following end of festive season and shifting of funds towards soaring equity markets, weighed on prices of the precious metal. ...
Gold prices tumbled by Rs 400 to trade at nearly one-month low of Rs 27,100 per 10 grams in the national capital today on emergence of selling by stockists amid a weak global trend. Silver followed suit and declined by Rs 550 to Rs 37,850 per kg on poor offtake by industrial units and coin makers. Traders said sentiments turned bearish after gold fell to three-week low in global markets as a stronger ...
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