-Scroll.in Dealers claimed that government-run oil firms are threatening to block supplies if the information is not provided. The Ministry of Petroleum and Natural Gas has asked 10 lakh employees at Petrol Pumps across the country for personal details like their caste, religion and which constituency they are from, NDTV reported on Tuesday. The information is ostensibly meant for a skill development programme, but dealers have threatened legal action, claiming that...
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Your fuel price also includes a fund for toilets -Dipak K Dash
-The Times of India NEW DELHI: Do you know every time you buy diesel or petrol you pay six paise and four paise per litre respectively for proper toilet facilities at Petrol Pumps? Petroleum ministry officials and petrol pump owners confirmed that this provision exists for generating revenue for maintenance of toilets. However, the latter claimed that the monthly revenue is not enough to meet the requirement. The allotment condition for Petrol Pumps...
More »17% of cash seized in raids during demonetisation were in new notes
-The Times of India NEW DELHI: As much as Rs 110 crore of the Rs 610 crore of unaccounted money seized in raids during demonetisation was in new Rs 2,000 and Rs 500 notes, indicating misuse of windows offered by the government to change old currency. The new currency seized by police and income tax officials was partly generated through routes such as Petrol Pumps, railway and airline ticketing and toll plazas...
More »Late-night deal: Fuel pumps say no, then yes to card payments
-The Times of India BENGALURU/ NEW DELHI: Through Sunday, the media was buzzing with reports that Petrol Pumps would refuse to accept card payments for fuel from Monday. Anxious consumers, already grappling with a cash shortage, fretted that this would directly clash with the government's efforts to wean people off cash and encourage digital payments. Finally, there was some relief on Sunday night after banks agreed to defer their decision to charge...
More »Demonetisation: Politics trumps economics -Deepak Nayyar
-Livemint.com The possible macroeconomic consequences of demonetisation are cause for concern as cash is the lifeblood of the economy It is exactly one month since Prime Minister Narendra Modi announced the decision that Rs.500 and Rs.1,000 notes would cease to be legal tender acceptable for payments in settlement of transactions. There was some provision for exchange or deposit of old notes at banks, but with specified limits on sums and time. The past...
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