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Govt reduces price of LPG cylinders by Rs 200

Domestic LPG cylinders are currently priced at Rs 1053 in Delhi, Rs 1052.50 in Mumbai, Rs 1068.50 in Chennai, and Rs 1079 in Kolkata.

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LPG

The Indian government, on Tuesday, August 29, has reduced the cost of a 14 kg LPG cylinder by Rs 200. Prior to significant elections in the states and for the Lok Sabha (lower house of the Indian Parliament) next year, the action is intended to reduce the pressure from the rising cost of living caused by inflation.

Consumers will pay a lower price for LPG cylinders, and state-owned oil marketing companies like Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Limited (HPCL), and Bharat Petroleum Corporation Limited (BPCL) will receive government subsidies in exchange for charging less.

The government of India would pay the LPG dealers compensation for lowering LPG prices by Rs 200 per cylinder.

Domestic LPG cylinders are currently priced at Rs 1053 in Delhi, Rs 1052.50 in Mumbai, Rs 1068.50 in Chennai, and Rs 1079 in Kolkata. In July, the oil marketing companies raised the cost of home LPG cylinders by Rs 50. The costs had previously hiked twice in May.

The move is being taken in front of the later this year scheduled Assembly elections in five states: Rajasthan, Chhattisgarh, Madhya Pradesh, Telangana, and Mizoram. The present five-year tenure of the Narendra Modi government at the centre also expires the following year.

According to a previous report, the Indian government is preparing new strategies to win over voters ahead of the elections. The decrease in LPG costs could make living expenses easier. In July 2023, India’s inflation rate increased to 7.44 percent, a 15-month high partly as a result of an increase in food costs.

For people who have access to the 2016-launched Pradhan Mantri Ujjwala Yojana (PMUY), LPG costs have been reduced. Rs 200 is the supplementary subsidy. The new subsidy amount for PMUY beneficiaries is Rs 400 per cylinder.

With the support of Rs 1,600 per connection, the government hopes to deliver 5 crore LPG connections to BPL (below poverty line) families through its flagship program over the course of the next three years. The government allocated an additional Rs 1.6 crore for LPG connections under the Ujjwala 2.0 scheme, which gave migrant households the same advantages.

For the Ujjwala subsidy, women must be 18 years old and reside without an LPG connection.

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People will come and go, says Sanjay Raut amid revolt by six Sena UBT MPs

Sanjay Raut said Shiv Sena (UBT) is not dependent on MPs and will continue to move forward despite a rebellion by six Lok Sabha members.

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Shiv Sena (UBT) MP Sanjay Raut

Senior Shiv Sena (UBT) leader Sanjay Raut has sought to downplay the impact of a rebellion by six Lok Sabha MPs from the party, asserting that the organisation will continue to move forward despite the latest political setback.

Speaking as Shiv Sena marked its 60th foundation year, Raut said the party’s future does not depend on elected representatives and that it has overcome several challenges during its long history. He remarked that people may come and go, but the party continues its journey forward.

The comments come amid growing turmoil within the Uddhav Thackeray-led faction after six MPs signalled their intention to break away. According to reports, the rebel lawmakers are dissatisfied with the leadership style of Uddhav Thackeray and have also expressed concerns over the party’s closeness to the Congress.

Among those seeking to leave the party are MPs Omraje Nimbalkar, Sanjay Dina Patil, Sanjay Jadhav, Sanjay Deshmukh, Nagesh Patil Ashtikar and Bhausaheb Vakchaure. Reports indicate that the lawmakers recently met Lok Sabha Speaker Om Birla and cited concerns about the party’s political direction.

Party can rebuild after setbacks, says Raut

Referring to the latest round of defections, Raut maintained that Shiv Sena (UBT) has faced betrayals and internal challenges before and has always managed to recover. He stressed that the party remains cadre-based and is not dependent on MPs or MLAs for its existence.

The Rajya Sabha MP also accused the ruling BJP of attempting to weaken regional political parties across the country. According to Raut, efforts have been made over the past decade to diminish the role of regional forces, and a healthy democracy requires a strong opposition.

The rebellion has intensified speculation about another split within the Thackeray camp, which has already faced major political upheaval in recent years. However, the party leadership has indicated that it intends to continue its organisational work and focus on rebuilding support despite the current crisis.

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Delhi High Court denies interim relief to Telegram in challenge against NEET-related ban

Telegram did not receive interim relief from the Delhi High Court in its challenge to the Centre’s temporary restriction imposed before the NEET-UG 2026 re-examination.

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Delhi High Court issues notice to the Centre but does not stay the temporary restriction imposed ahead of the NEET-UG 2026 re-examination.

Messaging platform Telegram has not received interim relief from the Delhi High Court in its challenge to the Centre’s temporary restriction on the app ahead of the NEET-UG 2026 re-examination.

The court issued notice to the Union government and agreed to hear the matter, but did not pass any immediate order suspending the restriction. The temporary curbs were imposed until June 22 as part of measures aimed at preventing exam-related fraud and the circulation of fake paper leak claims before the June 21 re-test.

Telegram has argued that the restriction affects millions of users and is disproportionate to the alleged misuse by a small number of individuals. The company has also questioned the legality and procedure followed while imposing the restriction.

During the proceedings, the Centre defended its decision, maintaining that the measure was necessary to protect the integrity of the high-stakes medical entrance examination. Government representatives argued that Telegram had been used to spread leaked exam material, misinformation and fraudulent claims linked to the examination process.

The court sought the Centre’s response and scheduled further consideration of the matter. Until a final decision is reached, the temporary restriction remains in effect.

The dispute comes amid heightened scrutiny of examination security following the cancellation of the original NEET-UG 2026 exam and the decision to conduct a re-examination for affected candidates.

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IT stocks drag markets lower as Accenture outlook sparks selloff

A sharp selloff in IT stocks after Accenture’s weak outlook weighed on Indian markets, pushing Sensex and Nifty lower while major technology shares recorded significant losses.

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Indian equity benchmarks came under pressure on Friday as a sharp decline in information technology stocks erased a portion of the gains made during the recent market rally. Weak guidance from global technology services giant Accenture triggered concerns about demand trends in the IT sector, leading to broad-based selling across major Indian technology companies.

The benchmark Sensex and Nifty opened lower, while the Nifty IT index emerged as the worst-performing sectoral gauge of the day. Shares of major IT firms, including TCS, Infosys, Wipro and HCLTech, witnessed steep declines as investors reacted to concerns over slowing technology spending and limited visibility on future demand.

Accenture guidance rattles investor confidence

Market sentiment weakened after Accenture reported quarterly results and revised its revenue outlook, citing softer demand conditions. The development raised concerns about the broader global technology services industry, particularly for Indian IT companies that derive a significant portion of their revenue from overseas clients.

Analysts noted that Accenture’s cautious commentary added to existing worries about discretionary technology spending and delayed client decision-making. The company’s outlook is often viewed as an indicator of global demand trends for IT services.

Nifty IT sees sharp decline

The Nifty IT index dropped more than 5%, with all constituent stocks trading in negative territory. TCS, Infosys, Wipro and HCLTech were among the major laggards, falling between roughly 3% and 8% during trading.

The weakness in technology shares also weighed on broader market sentiment, ending the momentum seen in recent sessions. Investors turned cautious amid concerns about global growth, technology spending trends and earnings visibility for export-focused IT companies.

Broader market under pressure

Apart from the IT selloff, analysts pointed to profit-booking after the recent rally, weaker global cues and risk aversion among investors as additional factors behind the market decline. Mid-cap and small-cap indices also traded lower, reflecting broader weakness across sectors.

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