Indian:-
1.The market may be flat as there are many negatives,economically and politically.
2.UP Assembly Elections voting over.Results awaited.
3.LPG transporters' grievance.Read
here.
4.Petrol price may be hiked after the Assembly Polls.Read
here.
This is not justified.The following Table is from
THIS link:-
As informed by the Indian Oil Corporation Limited the build up of the current retail selling price of Petrol at Delhi is as under:
Petrol price as on 01.08.2011
(Rs. per litre)
Price paid to refinery @ Trade Parity
|
35.39
|
Inland Freight
|
+ 0.65
|
Marketing Cost and Margin
|
+ 1.47
|
Excise Duty (including cess etc.)
|
+14.78
|
Total price after Excise duty
|
= 52.29
|
Less: Under-recovery absorbed by OMCs
|
(-) 00.71
|
Price Charged to Customer - Depot Price
|
= 51.58
|
Dealer Commission
|
+ 1.50
|
Value added Tax (Including VAT on dealer commission.) *
|
+ 10.62
|
Retail Selling Price * *
|
= 63.70
|
* VAT as per Delhi. It varies from 33 % to 15 % from State to State
** Petrol Price is decontrolled with effect from 26th June, 2010. The price break up is as per IOC.
As the OMCs have no competition,doing away with "Marketing Cost And margin" and "Dealer Commission",will save Rs 2.97/=,in addition to VAT on the latter [Rs0.50].Hence a total of Rs 3.47/= per Litre of petrol can be saved.....
5.NCTC is for grabbing the power of the States.Read
here.
6.FDI in retail will adversely,affect farmers.Read
here.
7.Tax authorities suspect Blackmoney misuse in Realty.Read
here.
8.NGOs in India received Rs 94000 Crores from Foreign countries.Read
here.
Global:-
1.Fukushima radiation high.Radioactive debris being burnt in Tokyo.Read
here here and
here.
2.US and other western economies continue to suffer,thanks to the Globalists who want to wreck all nations for forming One World Totalitarian Government. Manipulation and stealing of National Wealth is the order of the day.Misuse of the UNREGULATED Derivatives too.
Breibart and Obama.Read
here here and
here.
3.CIA did away with Matt Simmons?Watch
here.
4.Iran will accept Rupee payment from India for its Crude.Rise in crude shipments from Iran to Europe.Read
here.
5.Syria drives out "the foreign-backed" Terrorists,from Hom. The UN is the USA.
6.Antisec hacks Monsanto site.Read
here.
7.A 60 metre asteroid may pose a danger to Earth in 11 months.Read
here.