BUSINESS 

Fuel Prices Keep Rising, Diesel Goes Over Rs.99/Litre in Srinagar.

Fuel prices keep rising in Kashmir as petrol and diesel prices were hiked by 35 paise per litre each taking diesel over Rs. 99/litre in Srinagar. This is the second consecutive day of price hike. There was no change in rates on October 18 and 19, prior to which prices were hiked by 35 paise per litre each on four straight days. While petrol has already hit the Rs 100-a-litre mark or more in all major cities of the country, diesel has touched that level in over a dozen states…

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BUSINESS 

RBI Imposes Rs.1 Crore Penalty on Paytm.

The Reserve Bank of India has imposed a daunting Rs. 1 Crore penalty on Paytm Payments Bank Limited (PPBL) over certain specified violations. On examination of Paytm Payments Bank’s application for issue of final Certificate of Authorisation, the RBI observed that PPBL had submitted information that did not reflect the factual position, the central bank said in a statement. “As this was an offence of the nature referred to in Section 26 (2) of the PSS Act, a notice was issued to PPBL. After reviewing the written responses and oral…

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BUSINESS 

Petrol, Diesel Prices Rise After 2 Day Pause.

Petrol and Diesel prices were hiked again after a two day pause sending retail pump prices to their highest ever level across the country. The price of petrol in Delhi rose to its highest-ever level of Rs 104.79 a litre and Rs 110.75 per litre in Mumbai, according to a price notification of state-owned fuel retailers. In Mumbai, diesel now comes for Rs 101.40 a litre; while in Delhi, it costs Rs 93.52. This is the 13th time that petrol price has been hiked in two weeks while diesel rates…

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BUSINESS 

Domestic Airlines To Operate At Full Capacity From This Date.

Airlines will be permitted to operate at full capacity from October 18th onwards the Ministry of Civil Aviation announced on Tuesday. The carriers have been operating 85 per cent of their pre-COVID domestic services since September 18, according to an order issued by the ministry. The capacity cap stood at 72.5 per cent between August 12 and September 18, 65 per cent between July 5 and August 12 and 50 per cent between June 1 and July 5. The ministry stated in its order that “it has been decided to…

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BUSINESS 

Petrol and Diesel Reach Record Prices in Kashmir.

Petroleum prices continue to surge and people in Kashmir continue to suffer as rates reach record levels in the valley. As per the details gathered from Oil Marketing Companies (OMCs), petrol is being sold at Rs 107.4 a litre, and diesel at Rs 97.3 per litre, implying that the fuel prices are at its peak in Kashmir. According to market experts, the rising fuel prices have serious implications on the economy as it leads to inflation as well as eats up the common man’s savings. As per the Government of India’s…

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