Flagging higher fuel prices in many opposition-ruled states, Prime Minister Narendra Modi on Wednesday urged them to reduce VAT in "national interest" to benefit the common man and work in the spirit of cooperative federalism in this time of global crisis.
The Congress on Wednesday hit back at Prime Minister Narendra Modi after he attacked the opposition-ruled states for not reducing the Value Added Tax (VAT) on petrol and diesel, saying the excise duty during the UPA government was much lower than what it is under the Modi regime and asked the PM to roll back the hike.
Power Minister R K Singhhas told states to step up coal imports for the next three years, four sources told Reuters, reporting remarks that imply prolonged support for already elevated global prices for the fuel.
Shiv Sena MP Sanjay Raut has claimed that independent parliamentarian Navneet Rana received a loan of Rs 80 lakh from film financier and builder Yusuf Lakdawala, who was arrested in a money laundering case by the Enforcement Directorate, and sought a probe into it by the central agency.
Country's largest life insurer LIC on Wednesday set the price band at Rs 902-949 per share for its Rs 21,000 crore initial public offering (IPO), which will open on May 4.