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Sunday Feb 05, 2023

CNG Price Down | Big relief to Mumbaikars struggling with inflation, big cut in CNG price


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Mumbai: Mahanagar Gas has given great relief to the Mumbaikars whose budget has deteriorated due to inflation. The price of CNG will be reduced by Rs 2.50 per kg from midnight today. Mahanagar Gas has informed about this. Due to this, the drivers who are already struggling with inflation have got a big relief. These new rates will be announced from midnight today. CNG prices have been reduced in Mumbai and surrounding cities. That’s why now the price of one kg CNG will be less by two and a half rupees. It will be available from midnight today at the rate of Rs 87 per kg as per the new price. Mahanagar Gas has claimed that the price of CNG is 44 per cent cheaper than petrol.

Reduction in this rate will bring some relief

Mahanagar Gas Limited Company is distributor of CNG , PNG Gas in and around Mumbai. Therefore, from car drivers to rickshaw drivers, the reduction in the rate of CNG gas will be of great benefit. The rising price of CNG has spoiled the budget of many people. A reduction in this rate will bring some relief. Due to the increase in CNG prices, there is not much cost saving for the consumers by using CNG vehicles as compared to petrol-diesel. There was not much difference in the prices of CNG and petrol and diesel. This angered the customers.

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The price hike took place in the month of November

Mahanagar Gas Limited had increased the prices of CNG gas in the month of November. The price of CNG was increased by Rs 3.50 per kg. After which the price of CNG in Mumbai has increased to Rs 89.50 per kg. So the domestic PNG rate was Rs 54 per scm.

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Reduction in the use of CNG vehicle

According to a report, the use of CNG vehicles has decreased this year due to the increase in the prices of natural gas. CNG prices have increased by 70 per cent in the last one year due to increase in natural gas prices. Hence the difference in prices between diesel and CNG is very less and on an average the prices of both are similar. Hence the report said that the option of CNG vehicles is being avoided.



Union Budget 2023 | taxes, debt and inflation; What is cheap and what is expensive in the budget, read in detail


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Delhi: 1 The attention of the whole country is on the Union Budget 2023-24 (Union Budget 2023) to be presented on February. This budget is going to be important for everyone from the common man to the farmers and businessmen. Common people are worried about what they will get and what will be expensive this year from Finance Minister Nirmala Sitharaman’s Finance Department. Prime Minister Narendra Modi has also given some important indications before the budget. Because of this, every sector is eyeing the budget to be presented on February 1. Will the Finance Minister make any changes in the tax slabs after 8 years? This is important to see. Meanwhile, let us know what opportunities can be found in this budget.

Income tax slab may increase

This is the last budget presented by the Modi government before the 2024 elections. Before this, the assembly elections of 9 states will also be held. In such a situation, the Central Government can increase the tax concessions available to the salaried employees. In 2014, the then Finance Minister Arun Jaitley raised the tax for the last time. Therefore, now there is a possibility of increasing the existing tax exemption limit of 2.5 lakhs to 5 lakhs.

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What’s in the budget for borrowers?

In fact, to curb rising inflation, the Reserve Bank (RBI) had increased interest rates last year. Home loan borrowers were hit the most. This increased the premium for home buyers. In this case, the finance minister can increase the interest deduction on home loan from Rs 2 lakh to Rs 5 lakh under Act 24B.

Nirmala Sitharaman
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Most focus on farmers

Many schemes will also be planned for the farmers in this budget. In the budget, the government is expected to increase the cash assistance given to farmers under PM Kisan Yojana. That is, under PM Kisan Yojana, farmers are paid 6 thousand rupees every year. Apart from this, the government can also make a big announcement for Agri Technology Startups.

Will there be a discount on train fares as well?

Since the expansion of Vande Bharat Trains, many new trains can also be announced in this budget. So will rail travel become cheaper after this year’s budget? Meanwhile, can senior citizens also be exempted from this? It is also necessary to see this now.

Photo Credits-ANI Twitter

There will be good news regarding health insurance

Finance Minister Nirmala Sutharaman can make some big announcements regarding health insurance. After the terrible times of Corona, people have become more health conscious and this has led to a huge increase in insurance takers. Currently there is a tax exemption limit of Rs 35,000 on health insurance for husband, wife and children. The same limit is expected to be raised to Rs 50,000.

Will there be relief from inflation?

In 2022, the country had to bear the brunt of inflation. From the price of gas to the price of petrol and diesel, the prices have gone up. Due to the increase in the price of fuel, food items also became expensive. So it is important to see whether people will get relief from inflation in this year’s budget.

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What steps will the government take to provide employment to the youth?

The issue of unemployment remains a subject of constant confrontation between the central government and the opposition. The government may raise the issue of employment in the budget before the 2024 elections. Therefore, the possibility of announcing a big package for the youth cannot be ruled out. There is an economic recession in the world. Meanwhile, the businessmen of the country have high expectations from the budget. It is expected that the government will try to promote business. That’s why it has to be seen whether businessmen get relief in this year’s budget or not.

What will women get from the budget?

Finance Minister Nirmala Sitharaman herself is a woman. That’s why women also have high expectations from the budget. The demand to increase the tax slab for women to Rs 10 lakh has been going on for several days. That’s why it is also discussed that the Finance Minister can make some announcements for women entrepreneurs.



Inflation | Inflation at its peak in Pakistan, petrol Rs 249 and diesel Rs 262 per litre, common man worried


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Delhi: Pakistan is once again moving towards economic crisis. Fuel prices have skyrocketed in Pakistan. On the other hand, the Pakistani rupee has come down to a record low against the US dollar. As a result, the already skyrocketing inflation has further increased. At the same time, State Bank of Pakistan has increased the interest rates to 17 percent. Because the rate of inflation in the country has reached 30 percent. The Government of Pakistan has increased the price of petrol and diesel by Rs 35 per litre.

Effective from 11 pm on 29 January

Pakistan’s Finance Minister Ishaq Dar has announced an increase in fuel prices. The new prices have become effective from 11 pm on January 29. Along with this, the price of kerosene and diesel has been increased by Rs 18 per litre. Pakistan’s Finance Ministry said in a tweet that the new price of petrol will be Rs 249.80 per liter and diesel Rs 262.80 per litre. Dar insisted that the government has minimally increased the prices of petroleum products as per the directions of Prime Minister Shehbaz Sharif. Isaac Dar said that the value of the Pakistani rupee has declined significantly in the last week.

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The price will increase by Rs 50 more

At the same time, there has been an increase of 11% in the price of petroleum products at the international level. After October 2022, the prices of petroleum products were not increased. He said that despite international prices and rupee depreciation, we have made minimum increase in the prices of four products as per the instructions of Prime Minister Shehbaz Sharif. Dar expressed hope that the announcement of new prices would put an end to rumors related to the supply of petroleum products. He said that the prices of petrol and diesel may increase by Rs 50, such reports are being seen on social media.



Retail inflation | Retail inflation eases to 5.72 per cent in December, one-year low


Retail inflation eases to 5.72 per cent in December, one-year low

New Delhi. Retail inflation eased to a one-year low of 5.72 per cent in December 2022. According to the official data released on Thursday, this decrease was mainly due to softening in the prices of vegetables. With inflation based on the Consumer Price Index (CPI) remaining below 6 per cent for the second consecutive month, the Reserve Bank of India has got some leeway to hold off on an interest rate hike.

The central government has given the RBI a target of keeping inflation at 4 per cent (two per cent up or down). The retail inflation was 5.88 per cent in November, 2022 and 5.66 per cent in December, 2021. Retail inflation has been declining steadily since October. According to the data released by the National Statistical Office (NSO), inflation in food articles stood at 4.19 per cent in December, as against 4.67 per cent in the previous month. This figure was 4.05 percent in December 2021.

Retail inflation, after remaining above the Reserve Bank’s comfortable level of 6 per cent continuously since January 2022, came down to 5.88 per cent in November and 5.72 per cent in December. In the month under review, the price of vegetables decreased by more than 15 percent on an annual basis. In December 2022, fruits became costlier by two percent.

Similarly, the prices of ‘Oils & Fats’ and ‘Sugar & Confectionery’ also increased marginally. However, spices became costlier by around 20 per cent and cereals by around 14 per cent. The ‘Fuel and Light’ index rose nearly 11 per cent year-on-year in December.

With inflation remaining above the upper tolerable level of six per cent for three consecutive quarters from January 2021, the RBI had to submit a report to the central government. The next meeting of RBI’s Monetary Policy Committee (MPC), which decides on policy rates, is to be held on February 6-8. (agency)



Himachal VAT | Himachal: The new Sukhu government gave a big blow to the people of inflation! VAT on diesel increased by Rs 3


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New Delhi. Where on one hand, the people of the country are shocked by the prices of petrol and diesel. At the same time, diesel has become costlier in Himachal Pradesh. Yes, along with the appointment of new ministers, the Sukhu government has given a major blow to the people of the state.

increased diesel rates

In fact, now the Sukhu government has increased VAT on diesel in the state. Due to this, the price of diesel in the state has now reached above Rs.86 instead of Rs.83 per litre. And according to the new notification, now diesel has become costlier by Rs 3.01 per litre.

Sukhu government’s notification issued

Under this, a new notification has also been issued by the Governor revising the rates under VAT Act 2005. Also, this notification came into force with immediate effect on Saturday late night. Where till now diesel was available around Rs.83 in various areas of the state, now it will be available at Rs.86/litre.

VAT charged as such

In fact, now the Tax and Excise Department has increased the VAT on diesel from last Saturday night itself. In such a situation, now the VAT on diesel which was Rs 4.40 per liter has been increased to Rs 7.40. And in Shimla, diesel has now been priced at Rs 86.17 per liter from Rs 83.16 per litre.

It may be noted that cabinet expansion has taken place in Himachal Pradesh today itself. Today, i.e. on Sunday, December 8, CM Sukhwinder Singh Sukhu expanded his cabinet. In which 7 MLAs have been made ministers. This time Vikramaditya Singh, son of former state Chief Minister Virbhadra Singh, has also been included in the cabinet.



LPG Cylinder Price | On the very first day of the new year, people got a big ‘blow’ of ‘inflation’, gas cylinders became expensive, know the new rates


lpg gas cylinder

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New Delhi. Today, on the first day of the new year, the general public has again got a shock regarding the LPG Cylinder Price. Although there may not have been any change in the price of domestic gas cylinders on the first day of the year 2023, the price of commercial gas cylinders has seen an increase today.

Yes, today there has been a rise in the price of commercial gas cylinders. This time this increase has come from Rs 24 to Rs 25.5. At the same time, no change has been seen in the prices of domestic gas cylinders. Although last year 2022, the price of domestic gas cylinder was seen to increase 4 times, but since July 2022, there has not been any major change in it.

Let us also tell you that, how much have the prices of commercial and domestic gas cylinders become in the four major metropolitan cities of the country today.

  • Delhi: Due to the increase of Rs 25 in the price of commercial gas cylinder, now the price has become Rs 1769.
  • Kolkata: Due to an increase of Rs 24 in the price of commercial gas cylinder here, now Rs 1869.5 will have to be paid for it.
  • Mumbai: Due to an increase of Rs 25 in the price of commercial gas cylinder, now its price has increased to Rs 1721.
  • Chennai: The price of commercial gas cylinder has increased by Rs 25.5, now the price is Rs 1917.

No change in the price of domestic gas cylinder

  • Delhi: The price of domestic gas cylinder is currently Rs 1053.
  • Kolkata: From July the price here is only Rs 1079.
  • Mumbai: The price of domestic gas cylinder is Rs 1052.50 / cylinder.
  • Chennai: At present only Rs 1068.50 will have to be paid for domestic gas cylinder.



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