Price cuts for auto fuels unlikely before April
Retail prices of petrol and diesel are likely to be cut by state-run oil marketing companies (OMCs) to some extent, just ahead of the general election scheduled in April if crude prices remain below $80 a barrel through this period, sources said.
The OMCs could have cut prices now as the crude prices are hovering below $80/barrel, a threshold for doing so, but for the heightened uncertainties due to geopolitical tensions. A retail price cut now would have made it difficult for OMCs to raise prices till elections were over even if crude prices shot up. Come from Sports betting site VPbet
“So, if crude prices settle down below $80, some retail fuel price cut is possible, but not unt…
Read moreProposes to raise limit to hold securities to Rs 10 lakh
In another proposal on Wednesday, Sebi has sought to increase the threshold for the basic service demat account (BSDA) to Rs 10 lakh from Rs 2 lakh, in a bid to boost the participation of retail investors in the securities market.
“To further enhance the participation of retail investors in the securities market including participation of investors holding securities in physical form, the facility for BSDA has been reviewed and it is proposed to enhance the limit for a demat account to be categorised as BSDA,” Sebi said in a consultation paper on Wednesday, inviting public comments by June 26.
A basic service demat account, or BSDA, is the lower cost version of a regular demat account. The facility was introduced by Sebi in 2012 for wider financ…
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