Long way to go

The case will be sent to UK home secretary Priti Patel, who will take a final call on extradition within two months

Modi can approach the UK high court, but the appeal against extradition won’t be heard until after the home secretary’s decision

Reserve Bank of India (RBI) governor Shaktikanta Das on Thursday said there is a need for coordinated action between the Centre and state governments to reduce taxes on petrol and diesel prices since there are “inherent taxes levied by both”.

Das, however, added that both the Centre and states have their revenue pressures and are required to spend money to help the country come out of the Covid-19 pandemic stress.

“So the revenue requirement and the compulsion of the governments are fully understood. But having said that, the impact on inflation also is something, which comes in from the fact that petrol and diesel prices do have an impact on the cost of manufacturing, production…,” he said at an event organised by Bombay Chamber of Commerce.

Separately, Union finance minister Nirmala Sitharaman, too, said the Centre and states should talk to each other over reducing taxes on diesel and petrol, whose prices have risen sharply in recent times.

“No hiding of the fact that the Centre gets revenue from it. Same is the case with states. I agree that there should be less burden on the consumers.

“For that, both the Centre and states should talk with each other,” she said during an interaction with the students of the Indian Institute of Managementahmedabad (IIMA).