US STOCKS OPENS GREEN ON ECONOMIC REOPENING HOPES.
US stocks rise Wednesday amid continued efforts by the US government to reopen the economy.
General Motors exceeded profit forecasts in its quarterly earnings report.
Lyft and Paypal are scheduled to report earnings after the market closes Wednesday.
Investors looked past a dismal report from ADP showing US companies lost 20.2 million jobs in April.
The government April jobs report is due Friday.
US stocks rise Wednesday amid investor optimism spurred by continued efforts by the US government to reopen the economy.
President Donald Trump reiterated his hope for a reopening on Tuesday evening while acknowledging that likely means the coronavirus death toll will worsen.
- S&P 500: 2,880.70, up 0.5%
- Dow Jones industrial average: 24,005.10, up 0.5% (112 points)
- Nasdaq composite: 8,900.40, up 1.1%
Every ₹100 spent on petrol and diesel in India, ₹65 goes towards taxes.
Indian government Increased excise Duty on Petrol & diesel which is almost 80% of money is tax per litre.
Almost Crude oil prices are in Historical Record Low but Govt Reduces the fiscal Deficit when economy is Down due to Lockdown.
Due to Lockdown Country is facing losses in every business, the cash-strapped Indian government has increased the excise duty in Petrol & Diesel by 10 & 13 per litre.
Mean while Various States in the country has increased the VAT tax for Petrol & Diesel to make up for the loss of revenue caused by the Coronavirus Lockdown.