KARNATAKA FUEL PRICE HIKE
Karnataka: Vijayendra, Ashoka arrested as BJP lays seige to CM's home over MUDA, Valmiki scam, price hikes
Protests in Karnataka escalate over alleged MUDA scam, demanding CBI inquiry. Demonstrators call for CM's resignation amid accusations of irregular site allocations and corruption. The controversy expands to Mysuru district, with protests planned inside the state legislature. Allegations of corruption involve the managing director of the Valmiki Scheduled Tribes Development Corporation.
Telcos' tariff hikes to push up core inflation by 0.2 pc in FY25: Report
The recent tariff hikes by the top three telcos in the country are expected to raise core inflation by 0.20 per cent in FY25, with analysts at Deutsche Bank revising their core inflation forecast to 3.8 per cent. The impact of the hikes is anticipated to be felt from July onwards, potentially pushing month-on-month core inflation by over 0.85 per cent. The Reserve Bank of India is closely monitoring the inflation trajectory, especially considering factors like below-trend monsoon rains and fluctuating food prices.
ATF price hiked 1.2% after a 6.5% cut seen in June
Jet fuel prices saw a 1.2% hike on Monday, with Aviation Turbine Fuel (ATF) rising to Rs 96,148.38 per kl in Delhi, following a previous 6.5% reduction on June 1. In Mumbai, ATF reached Rs 89,908.30 per kl. Meanwhile, commercial LPG prices for hotels and restaurants were cut by Rs 30 per 19-kg cylinder to Rs 1,646.
Karnataka BJP demands Siddaramaiah’s resignation amidst Valmiki scam investigation and soaring prices
The Congress government in Karnataka has been accused of playing politics with the chief minister and deputy CM posts, leading to fuel and milk price hikes and scams in government departments. Opposition leader R Ashoka has called for the CM to resign, accusing him of "eating 80% of the funds." The scam broke out after a KMVSTDC officer committed suicide over alleged corruption.
Karnataka: Milk price increase will hurt malnourished women & children, BJP leader Suresh Kumar warns Govt
Senior BJP leader S Suresh Kumar has appealed to Chief Minister Siddaramaiah to rescind the increase in milk prices, arguing that milk is the primary protein source for millions of malnourished women and children from economically weaker sections. He emphasized that price hikes in milk diminish the purchasing power of these low-income families, effectively denying them an essential nutrient.
Karnataka: BJP displaying anti-farmer mindset by opposing milk price hike, says DK Shivakumar
Deputy Chief Minister DK Shivakumar defended the recent Rs 2 per litre milk price hike, saying it supports farmers and criticized the BJP for opposing it. Shivakumar argued that input costs for farmers have increased and emphasized that the price in Karnataka remains lower than in other states. He also congratulated Rahul Gandhi on being appointed as the Leader of the Opposition in the Lok Sabha, calling it a step towards preserving democracy. When questioned about the demand for additional Deputy Chief Ministers, he deferred to the Chief Minister.
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Milk prices not hiked as additional cost is for additional quantity of milk: Karnataka CM
Karnataka Chief Minister Siddaramaiah on Wednesday defended the Rs two hike in 'Nandini' milk prices, which now come with an additional 50 ml of milk in half-litre and one-litre packets. This adjustment has been made to support farmers in light of increased milk procurement. He emphasized that milk prices have not actually been raised.
Milk prices to go up in Karnataka from Wednesday, week after fuel price hike; liquor next in line
The prices of other KMF products such as curd and milk-related items will remain unchanged, said Federation chairman Bhima Naik. Chalking the hike up to the growing cost of milk storage, he said, “As it is the current harvest season, the storage of milk in all district milk unions is increasing every day and the current storage is close to one crore litres.” The price, he added, was still less, compared to the neighbouring states.
Milk prices hiked in Karnataka by Rs 2, consumers to get additional 50 ml in new packets
Karnataka Milk Federation announced the increase in Nandini milk prices by Rs 2 per packet and will offer 50 ml extra milk. 500 ml packets will be replaced by 550 ml and 1000 ml by 1050 ml. Toned milk prices rise from Rs 22 to Rs 24 (550 ml) and Rs 42 to Rs 44 (1050 ml). Shubham milk prices increase from Rs 23 to Rs 25 (550 ml) and Rs 48 to Rs 50 (1050 ml). Price hike affects all Nandini milk packets due to storage challenges.
Third Eye: Chasing fertile pastures, Sidda’s U-turn on fuel hike, and a no-show in Paris
Deputy CM DK Shivakumar, Karnataka Congress' strongest Vokkaliga face, is considering throwing his hat in the by-election ring. With Bengaluru rural seat, of which his assembly seat Kanakapura is a part, having delivered a resounding "no" to his brother DK Suresh in the Lok Sabha election, it will be interesting to see how the region responds to DKS walking away from it for more fertile Vokkaliga pastures.
Karnataka BJP protests fuel price hike with cycle jatha, party workers detained
Karnataka BJP has staged a 'cycle jatha' in various locations across the state to protest the state government's hike in fuel rates. Workers in Bengaluru were detained midway, calling the detention unconstitutional. The party accused the government of suppressing protests and urged the people to revolt against the government.
After fuel prices, Bengaluru to hike water tariffs? Karnataka Dy CM DK Shivakumar weighs in
Karnataka Deputy CM DK Shivakumar addressed concerns over potential water tariff increases in Bengaluru, noting that rates have not been adjusted in a decade despite financial losses. He stressed the necessity for new projects and highlighted difficulties in obtaining financing from banks for the Bangalore Water Supply and Sewerage Board (BWSSB).
"Khata-khat...": BJP slams Congress over fuel hike in Karnataka, says our government brought down prices
Puri emphasised that the Centre has taken steps to lower the prices of petrol and diesel. He noted that in states governed by parties opposed to the BJP, the prices of petroleum products remained higher. Puri highlighted that BJP-led states responded to the Modi government's reduction in excise duty by also reducing VAT, which contributed to lowering the prices of petrol and diesel in those states.
Siddaramaiah blames GST regime for taxes on autofuel, even as BJP takes out bullock-cart protest
CM Siddaramaiah blames GST regime for fuel price hike, leading to protests by BJP leaders. Petrol price in Bengaluru now Rs 102.84, diesel Rs 88.95.
Biggest reasons why petrol prices increase in India
Karnataka government on Saturday hiked sales tax on fuel which will make petrol and diesel costlier. Petrol will now go up by Rs 3 and diesel by Rs 3.5 per litre. Karnataka Chief Minister Siddaramaiah on Sunday defended the hike in petrol and diesel prices saying that it will ensure funding essential public services and development projects. The prices have been hiked to generate more revenue.
CM Siddaramaiah challenges BJP to stage demo against Centre over injustice to Karnataka
Karnataka Chief Minister Siddaramaiah challenged the BJP to protest against the Centre's treatment of the state, citing fuel price hikes and lack of central funds. He criticized the BJP for failing to address issues like rising petrol prices despite lower crude oil costs. Siddaramaiah highlighted discrepancies in fund allocation and accused the BJP of neglecting Karnataka's development needs.
Petrol and diesel prices in India: After Karnataka fuel tax hike, check latest petrol, diesel prices in your city
Petrol and diesel prices in India: The petrol price in Karnataka are still lower than neighbouring Andhra Pradesh and Maharashtra. Here are the petrol and diesel prices of major cities in India, as on June 17, 2024.
Karnataka defends fuel price hike amidst growing outrage; BJP to protest statewide
While Industries minister MB Patil on Sunday defended the hike, saying the money was necessary for funding the state’s guarantee schemes, citizens took to social media to express their dissatisfaction, with the topic generating over 11,000 posts on X.
Karnataka fuel price hike: Rates still lower than neighbouring Andhra Pradesh, Maharashtra
The Congress-ruled Karnataka government's move to raise local tax on auto fuels pushed petrol prices above Rs 100 a litre and diesel to Rs 89, but rates are lower than neighbouring Andhra Pradesh which has the costliest fuel in the country, oil industry data showed. The Karnataka government on June 15 hiked local VAT (value added tax) from 25.92 per cent to 29.84 per cent on petrol and from 14.3 per cent to 18.4 per cent on diesel.
Karnataka: No link between electoral results and fuel price hike, says CM Siddaramaiah
Chief Minister Siddaramaiah denied a link between election results and petrol and diesel price hikes, despite a backlash from citizens. He acknowledged the Congress's loss in Vijayapura and the BJP's drop in seats. Petrol and diesel prices were reduced after the Centre cut autofuel taxes.
Karnataka fuel price hike: CM Siddaramaiah defends move, says it will ensure funding
Karnataka Chief Minister Siddaramaiah defended the recent hike in petrol and diesel prices, arguing it will fund essential services and development projects. He emphasized that despite the increase, Karnataka's fuel taxes are lower than most Southern states. Siddaramaiah criticized the BJP for alleged fiscal mismanagement during its previous tenure.
BJP to stage protests across Karnataka against fuel price hike
The BJP in Karnataka is set to protest against the recent hike in petrol and diesel prices, following the state government's decision to increase sales tax on fuel. The hike has led to a Rs 3 per litre increase in petrol prices and a Rs 3.5 per litre increase in diesel prices. State BJP President B Y Vijayendra criticized the Chief Minister for the decision, calling it desperate and aimed at resource mobilization. Protests are planned across the state, demanding the immediate withdrawal of the hike.
BJP attacks Karnataka govt over fuel price hike
The BJP accused the Congress government in Karnataka of poor financial management after petrol price hikes. The party said that they will protest against the decision on Monday. The government announced a substantial increase in petrol and diesel prices, drawing criticism from citizens and opposition. The BJP lambasted the timing of the hike post-election, calling for its withdrawal due to the financial strain it places on the public and various industries in the state.
Karnataka hikes petrol, diesel prices by Rs 3 per litre
The Karnataka government has announced a sudden increase in petrol and diesel prices due to a revision in sales tax. Petrol price has risen by Rs 3 to Rs 102.84 per litre, while diesel price has increased by Rs 3.02 to Rs 88.95 per litre. The Petroleum Dealers Association attributes the hike to the state government's sales tax revision. The Finance Department of Karnataka aims to boost state revenue with this move.
NHAI's revised toll rates come to effect across highways
NHAI has hiked toll charges by 5% on national highways. The revised user fee has been implemented from Monday, affecting motorists across the country.
Oil flat as firming US gasoline demand offsets rate jitters
Oil market cautious ahead of OPEC+ meeting on June 1 to discuss extending 2.2M bpd output cuts. U.S. fuel demand and Fed's inflation concerns impact prices.
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