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Oil Minister Advises States To Cut Sales Tax Or VAT On Petrol And Diesel

New Delhi: Oil minister DharmendraPradhan hassuggested states to cut sales tax or VAT on petrol and diesel to provide relief to consumers."Several states have reduced VAT, we will appeal again ... States, which have high VAT component, they should reduce for consumers interest," the minister told reporters.

He further said that the petroleum sector would be brought under the ambit of the Goods and Services tax (GST) as and when the consensus is reached among the states.

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Railways Say No Proposal To Increase Fares

New Delhi:Minister of State for Railways RajenGohain has said that his ministrydoes not have any proposal to increase fares.

Gohainin a written reply in RajyaSabha, said the national transporter has seen an increase in passenger traffic of 0.68 per cent and a spike of 0.99 per cent between Delhi and Mumbai during April-November 2017 as compared to the corresponding period last year.

To queries on passenger traffic, special trains and their fares, he said railways runs these trains during peak seasons, festivals, special events for clearance of extra rush of passengers keeping in view the pattern of traffic, commercial justification, operational feasibility and availability of resources.

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Report Says India To Be 5th Largest Economy In 2018

New Delhi: India is set to emerge as the world's fifth largest economy by overtaking Britain and France, according to a report by a global forecaster.

And, India will emerge as the world's third largest economy by 2027, the report by the Centre for Economics and Business Research (Cebr) said.

"The World Economic League Table shows that despite temporary setbacks from demonetisation and the introduction of the new GST, India's economy has caught up with that of France and the UK and in 2018 will overtake them both to become the world's fifth largest economy in dollar terms," Cebr deputy chairman Douglas McWilliams said.

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Study Finds Media, Marketing Professionals Most Vacation Deprived

New Delhi: Media and marketing professionals across the globe are the most vacation deprived, according to a survey.

Expedia 'Vacation Deprivation Report 2017' has revealed that 66 per cent respondents surveyed belonging to media and marketing sectors said they are vacation deprived because they cannot afford a holiday or cannot get out of work.

However, professionals in the government and education sectors are found to be least vacation deprived, it added.
This study was conducted online on behalf of Expedia by Northstar Research Partners from September 4-15, 2017, and surveyed 15,081 respondents across 30 countries.

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Assocham Says Country’s Economic Growth May Touch 7 Pc In 2018

New Delhi: An Assocham study has forecast India's economic growth to touch 7 per cent next year ahead of the 2019 general elections.

"Against GDP growth of 6.3 per cent in the second quarter of 2017-18, the economic expansion may reach the crucial 7 per cent mark by the end of September 2018 quarter, while inflation may range between 4 to 5.5 per cent towards the second half of the next calendar year with the monsoon being a key imponderable," said Assocham in its Year-Ahead Outlook.

The chamber said its projections for the 7 per cent GDP growth are based upon the assumption of stability in the government policies, good Monsoon, pick-up in industrial activity and credit growth and stable foreign exchange rates.