Photo: The Verge
Jet Fuel Prices Hiked By 26% For Third Consecutive Time
Government has increased the jet fuel price also known as Aviation turbine fuel (ATF) by 14 per cent to ₹1.12 lakh per kilo litre in Delhi. This is the highest level since December 2022. This is the third consecutive monthly increase with a total of 26 per cent rise, which has resulted in a major impact on the aviation industry. This come amid crude oil price hike.
Tags: Travel, jet fuel, Indian government, Hiked 26%, National Business, Crude Oil
Courtesy: The Free Press Journal
Photo: India Today
Raids Carried Out At Byju's Premises Under FEMA
The Enforcement Directorate (ED) conducted raids at the Byju's, an ed-tech company, on April 29. As per sources, the searches carried out at the Byju's premises under the Foreign Exchange Management Act (FEMA.) The probe agency searched two business and one residential premises in connection with money laundering, It said, the company received foreign direct investment worth Rs 28,000 crore and sent Rs 9,754 crores to various foreign entities… read-more
Tags: ED, FEMA, National Business, Raids Search, Byju's
Courtesy: The Free Press Journal
Photo: India Today
Rupee Declines 13 Paise At 82.12 Against US Dollar
In a drawback to Indian economy, the rupee depreciated 13 paise to close at 82.12 (provisional) against the US currency. At the interbank foreign exchange, the domestic unit opened at 81.96 against the dollar, and finally ended the day at 82.12 (provisional), 13 paise lower from its previous close. During the day, the rupee witnessed a high of 81.96 and a low of 82.15 against the greenback.
Tags: National Business, INDIAN MARKET, Rupee Falls, US Dollars, Interbank Exchange
Courtesy: The Press Trust of India
Photo: NDTV
RBI Likely To Hike Repo Rate By 25 Basis Points
To maintain the inflation in India, the Reserve Bank of India is likely to go for another hike in rates. Notably, the Central Bank will announce its bi-monthly monetary policy on April 6. If experts are to be believed, the RBI will hike its repo rate by 25 bps, to control inflation. In February, India’s retail inflation stood at 6.44%, while in January, it was at 6.52%.
Tags: RBI, repo rate, Inflation, National Business, News 2023
Courtesy: The Indian Express
