14.2 C
Delhi
Sunday, January 24, 2021

PM Modi meets Arun Jaitley and RBI Governer to discuss fall in rupee and rise in fuel prices

Must read

Ashanti Early life, career and net worth, How he got the fame?

American R&B vocalist Ashanti was conceived Ashanti Shaquoya Douglas on October 13, 1980, in Glen Cove, Long Island, New York, into a melodic family....

Until Dawn 2, How is the gameplay and was the game launched?

The game likewise assisted with dispatching the vocation of Rami Malek, 2019's Best Actor Oscar champ. As of late, CEO of Supermassive Games Pete Samuels...

Leanna Bartlett- Early life , career and net worth ?

Leanna Bartlett is an incredible model right from Kherson, Oblast, Ukraine. Her mom and father were the ones who upheld this diva regardless of...

What Was Chris Cornell’s Net Worth at the Time of His Death?

Cornell was brought up in Seattle, Washington with his mom and five kin. His mom is of Jewish plummet and a self-announced clairvoyant. His...

In New Delhi, Prime Minister Narendra Modi On Friday started a two day re-examine of current economic issues such as the rise of fuel prices, fall in the Rupee and the modifications that are required to enhance the growth, said the official sources.

On Friday, Prime Minister met Finance Minister Arun Jaitley, RBI Governor Urjit Patel and other important key officials involved in economic policymaking. The discussions will continue on Saturday, revealed sources. The concern dealing with the economy like a decrease in the rupee and hiked fuel prices are being discussed in the meeting.

Ways to improve exports as well as lifting interest rate to shore up the rupee, which broke the record of a lifetime earlier this week, were discussed in some quarters.

The purpose of the meeting was against the backdrop of the Indian currency dropping around 6 per cent since August and break the record of all-time low of 72 level this week. There was a historical hike in the Petrol and diesel prices too.

The government was under the pressure from the Congress party to stop the Rupee falling prices and demanding to cut the taxes because of hiked fuel prices.

Arun Jaitley the Finance Ministry has denied cutting any taxes to provide any relief to the consumers, he also said that it does not have the elasticity to lose any profits without developmental expenses being cut. He further stated that the government cannot afford this in the 2019 election year.

On Friday the fuel prices scaled to a lifetime hike of Rs 81.28 per litre in Delhi, whereas in Mumbai it hiked up to Rs 88.67. In the national capital Delhi, one litre of diesel was priced at Rs 73.30 and Rs 77.82 in Mumbai.

As per ministry records, every cut of Rs 2 in the price of petrol and diesel would lead to a loss in the revenue of around Rs 30,000 crore. The government has made out clearly that it will not take any harsh decision against the fuel prices hike and fall in Rupee.

 

- Advertisement -

More articles

- Advertisement -

Latest article

Ashanti Early life, career and net worth, How he got the fame?

American R&B vocalist Ashanti was conceived Ashanti Shaquoya Douglas on October 13, 1980, in Glen Cove, Long Island, New York, into a melodic family....

Until Dawn 2, How is the gameplay and was the game launched?

The game likewise assisted with dispatching the vocation of Rami Malek, 2019's Best Actor Oscar champ. As of late, CEO of Supermassive Games Pete Samuels...

Leanna Bartlett- Early life , career and net worth ?

Leanna Bartlett is an incredible model right from Kherson, Oblast, Ukraine. Her mom and father were the ones who upheld this diva regardless of...

What Was Chris Cornell’s Net Worth at the Time of His Death?

Cornell was brought up in Seattle, Washington with his mom and five kin. His mom is of Jewish plummet and a self-announced clairvoyant. His...

NICKI MINAJ IS FIRST-EVER FEMALE RAPPER TO EARN $100 MILLION NET WORTH

Nicki Minaj was conceived Onika Tanya Maraj in Saint James, Trinidad and Tobago on December 8, 1982. She has a more established sibling and...