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Basic fares of taxi and autorickshaw in Mumbai increased by Rs 3 and Rs 2, respectively.
New fares will come into effect from October 1.
Post the increase, base fare will be Rs 28 and Rs 23 for travelling in a taxi ans auto, respectively.
Wall Street's main indexes sank deeper into a bear market today as an early rally in stocks faltered after Federal Reserve policymakers advocated more interest rate hikes even at the risk of slowing economic growth.
The benchmark S&P 500 erased gains of up to 1.7% percent by early afternoon trading to hit lows last seen in late November 2020, leaving investors worrying about how much further stocks would have to fall before stabilizing.
At 12:31 p.m. ET, the Dow Jones Industrial Average was down 164.66 points, or 0.56%, at 29,096.15, the S&P 500 was down 17.49 points, or 0.48%, at 3,637.55, and the Nasdaq Composite was down 21.24 points, or 0.20%, at 10,781.68. (Reuters)
The central government today further extended the deadline for export of broken rice in transit from September 30 to October 15.
In May, India restricted export of wheat to enhance domestic availability. This month, it also banned export of broken rice and imposed a 20 per cent export duty on non-Basmati rice except for parboiled rice to boost domestic supplies amid a fall in area under paddy crop in the current kharif season.
We have concerns about the price of oil. The price of oil is breaking our back. This is our big concern: EAM Dr S Jaishankar in a joint press conference with US Secretary of state Antony Blinken.
Meanwhile, Blinken on Ukraine war stated: I really want to emphasize on what PM Modi said, I think he captured, as well as anyone I have heard, fundamentally what this moment is about as he said, this is not an era, the time for war and we could not agree more."
-India and US have a strong interest in encouraging more resilient and strong supply chains, and this requires policy decisions as well as practical measures involving business communities. We are focused on this, said External Affairs Minister Dr S Jaishankar after a meeting with US Secretary of state Antony Blinken.
-In today's meeting, we discussed our political coordination, exchanging assessments on collaborating on important regional issues and global challenges. In this regard, I would specially mention the Ukraine conflict and Indo-Pacific situation, said EAM Jaishankar.
-Our national, economic, technological security are all enhanced by closer collaboration... There is keen interest in India's National Education Policy and we will explore how that can be used best to expand our partnership, Jaishankar added.
Amid high political drama, Congress observers for Rajasthan recommended disciplinary action against three party leaders, including two ministers, but did not seek any action against Chief Minister Ashok Gehlot.
The three Gehlot loyalists against whom action has been recommended are Cabinet Minister Shanti Dhariwal, Minister and Congress Chief Whip in the Assembly Mahesh Joshi, and MLA Dharmendra Rathore.
Vijay Nair, former CEO of event management company Only Much Louder, and an accused in the Delhi Excise Policy case, was arrested by CBI (Central Bureau of Investigation) in connection with the Delhi liquor policy scam, reported news agency ANI quoting sources.
Nair is also an aide of Delhi Deputy Chief Minister Manish Sisodia, who is also named in the alleged liquor policy scam. The policy, implemented from November 17, 2021, was withdrawn after Lieutenant Governor VK Saxena recommended a CBI probe in July.
US August new home sales at 0.685 million Vs 0.532 miliion (MoM) Vs estimate of 0.49 million
US September CB Consumer Confidence At 108 Vs 103.6 (MoM) Vs Estimate Of 104.3
US August New Home Sales At 28.8% (MoM) Vs Estimate Of -0.5%
The net direct tax collection has increased 23 per cent to Rs 7.04 lakh crore so far this fiscal, the income tax department said today.
The Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta said the income and corporate tax collections were at a record high of Rs 14.09 lakh crore in 2021-22. (PTI)
US stocks rise, as the Dow Jones Industrial Average and S&P 500 bounce back from their lowest closing levels in nearly two years.
The Dow Jones Industrial Average rose 159.1 points, or 0.54 percent, at the open to 29419.88. The S&P 500 rose 31.4 points, or 0.86 percent, at the open to 3686.44, while the Nasdaq Composite rose 152.4 points, or 1.41 percent, to 10955.288 at the opening bell. (Reuters)
-Finance Minister Nirmala Sitharaman today said that India's direct tax collections have risen in relation to indirect tax collections, bringing in equity.
-Speaking after chairing a performance review of credit and other welfare schemes for scheduled castes in Public Sector Banks (PSBs), she also added that tax-related Redressals have to be done in time.
-Sitharaman reviewed the various measures taken by PSBs in giving credit to persons belonging to the Scheduled Caste community and their welfare in terms of reservation, backlog vacancies, functioning of welfare and grievances redressal mechanism etc.
