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The auction includes gifted items like wall paintings, photographs, crafts, shawls, statues, sculptures, to Automobile Tubing wholesaler name a few.The auction includes gifted items like wall paintings, photographs, crafts, shawls, statues, sculptures, to name a few. All the biddings will be finalised on October 3.5 lakh. These mementoes would be on display at the NGMA near India Gate in Delhi. Do visit this site and take part in the auction," he added.

The auction of gifts presented to Prime Minister Narendra Modi in the last one year has begun today at the National Gallery of Modern Art and is scheduled to go on till October 3.The Director of National Gallery of Modern Art, Ritu Sharma said, "All the gifts that the Prime Minister has received from last six months have been displayed."Continuing a practice I have always believed in! All those gifts and mementoes I have received in the last one year would be getting auctioned starting today till 3rd October."The first twenty highest buyers will receive a letter of appreciation from our Prime Minister."In February this year, over 1,800 mementoes that PM Modi had received were sold. People can visit PM mementoes website to buy the products. Total 2,772 products have been displayed here," he further added. People can also bid on the products online," Patel told ANI.

Do visit to have a look!" the Prime Minister tweeted on Saturday. Prices of the products start from Rs 200 to Rs 2. It would contribute to a cleaner Ganga.Even as Chief Minister of Gujarat, Modi used to auction mementoes received by him, a practise which he has continued after taking charge as Prime Minister."There would also be an e-auction of the gifts and mementoes."This auction is from September 14 to October 3.The auction was inaugurated by Union Minister of State for Culture and Tourism Prahlad Singh Patel in which a total of 2,772 mementos gifted to Prime Minister Modi have been displayed. In February this year, over 1,800 mementoes that PM Modi had received were sold.

India imports 83 per cent of its oil requirements and any spike means higher imp­ort bill and higher domestic prices. The others would definitely follow.Sources in the government said that though the Centre has ruled out any immediate cut in excise duty on petroleum products, it may re-examine the situation next month and could consider changes if oil prices remain over 75 a barrel for most part of September and state governments come on board to reduce VAT rates. The average VAT rate is over 30 per cent and states have actually made a killing during the current run of retail price rise for petrol and diesel as it has increased their tax kitty substantially. If oil cartel OPEC refuses to pump in an extra 1. This would make life miserable for the common man as petrol and diesel prices could cross Rs 100 a litre in the absence of any government support,” said an oil sector analyst asking not to be named.Compared to states, the Ce­ntre’s excise collection fr­om petroleum sector has actually fallen marginally in FY18 to Rs 2,29,019 crore in FY17 from Rs 2,42,691 cr­ore. Centre’s excise collection from petroleum sector has actually fallen marginally in FY18 to Rs 2,29,019 crore in FY17 from Rs 2,42,691 crore.The economy is growing by over 8 per cent and tax revenues are going up.

The important issue is to prevent any further inc­r­ease in diesel prices that co­uld fuel inflationary pressu­re and put pressure on gr­o­wth prospects of the economy,” said B K Chaturvedi, ex-cabinet and oil secretary.31 and Rs 71.The benchmark Brent has already re­ached 78 a barrel, while ru­pee depreciated further on Tuesday to close at a re­cord low of Rs 71. However, this cut came after the government had raised duty on nine occasions between November 2014 and January 2016 taking advantage of falling oil prices then. Excise duty cut would be the last option and if it happens, it would be at moderate levels of Rs 2 per litre, said the sources.34 a litre in Delhi, respectively. But it has more than do­u­bled from Rs 99,184 crore in FY15 due to nine increases in duty rates. Consumers may have to wait for another month before there is any rubber seal strip Manufacturers moderation in the retail price of petrol and diesel that reached new highs in the past few days in the wake of the rise in global oil prices and a sharp depreciation of the rupee.

The Centre should ensure that the stat­es where the government is being run by the ruling party takes up the responsibility of reducing value-added tax (VAT) rates first.Sources said that as part of the exercise to tame petrol and diesel prices, the centre is nudging states to cut VAT rate on the two products.34 a litre in Delhi.In addition, state-owned oil marketing companies have also been told to reduce the frequency of daily price increases and absorb some losses till crude prices moderate. In fact, the ad valor­em duty on petroleum products have consistently incre­a­sed state’s tax collections at the غير مجاز مي باشدt of consumers who have to bear with higher pri­ces of petrol and diesel. With US sanctions on Ir­an bec­oming effective fr­om November, the fear is th­at crude could rise further. It could rise further if crude oil and product prices move up in international markets. Petrol and diesel rates reached fresh highs on Tuesday commanding a pr­ice of Rs 79. But immediately, states should agree to cut VAT rate on petrol and diesel by 5-6 per cent along with some cut in excise rate by the centre. There is no reason why the government’s reliance on oil sector for taxes should reduce even now," **********t Parikh, chairm­an, Integrated Research and Action for Development (IRADe) and former member of planning commission.

“The situation in the global oil market could turn worse from November when substantial production from Iran could vanish from markets in the wake of US sanctions.5 million barrels of oil per day, crude prices could hit 100 a barrel.Even last year, the centre reduced excise duty on the petrol and diesel by Rs 2 per litre in October.According to the oil ministry’s Petroleum Planning and Analysis cell, VAT and sales tax on petroleum products have increa­s­ed states’ kitty by Rs 1,84,091 crore in FY18 from Rs 1,66,378 in FY17.58 per dollar.“It is time the government thinks of bringing petroleum products under the GST regime to reduce high levels volatility