Fuel Tax Hike
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How India's Timely Measures Absorbed Hit From Oil Shock
Diesel and petrol prices were increased by over 3 per cent last week, a modest hike compared to the surge in crude. The move reflects the government is trying to balance inflationary and fiscal pressures, and may go for staggered hikes as seen in the
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Will Windfall Tax Hike On Aviation Fuel Fom ₹29.5 To ₹42 Per Litre Make Flying Costlier For Travellers?
Government's windfall tax hike on aviation turbine fuel (ATF) and other fuels is expected to have an impact on India's aviation sector.
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India's Largest Cigarette Maker ITC Plunges 10% After Tobacco Tax Hike
Shares of ITC Ltd. plunged the most in nearly six years after a higher levy on tobacco products by the government fueled concerns about its impact on Indias largest cigarette maker.
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Fuel Price Hike In Punjab After Value Added Tax Increases On Petrol, Diesel
The Punjab Cabinet on Thursday gave approval to hike value-added tax (VAT) on petrol and diesel by 61 paise a litre and 92 paise per litre, respectively.
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Petrol, Diesel To Get Costlier In Karnataka After Hike In Sales Tax On Fuel
Karnataka government on Saturday hiked sales tax on fuel which will make petrol and diesel costlier.
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Punjab Government Hikes VAT on Petrol, Diesel, Prices Increased
The Punjab government increased the Value-Added Tax (VAT) on fuel by 10% on Sunday, leading to an increase in the price of petrol and diesel in the state by 92 paise per litre and 88 paise per litre, respectively.
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No New Tax Or VAT Hike In Near Future In UP: Yogi Adityanath
Uttar Pradesh Chief Minister Yogi Adityanath on Friday said that keeping in mind the larger public interest, the government has neither increased the VAT and nor has imposed any new tax in the state.
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IMF Agrees To Resume Pakistan Loan After Fuel, Tax Hikes
The International Monetary Fund (IMF) said Thursday it had agreed with Pakistan to resume a suspended loan programme that will inject $1.17 billion into the struggling economy.
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BJP In West Bengal Threatens Protest If Fuel Tax Not Cut Within 15 Days
The BJP on Thursday threatened to go on an agitation if the West Bengal government does not cut taxes on fuel in the next 15 days.
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"Injustice": PM Takes Aim At Opposition-Ruled States On High Fuel Prices
PM Modi today requested states to reduce the Value Added Tax (VAT) on fuel "in the spirit of cooperative federalism". Listing fuel prices in cities across the country, PM Modi pointed out that states which had lowered have lower fuel prices.
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'Ask Your Government Why...': Finance Minister On State Taxes On Fuel
Opposition parties have argued that the Modi government has only marginally reduced the excise duty after having hiked them significantly in the past.
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Hike In Excise Duty, VAT On Fuel Prices "Jizyah Tax": Congress Leader
Congress leader Randeep Singh Surjewala dubbed the "rapid and repeated backbreaking increase" in the excise duty and VAT on petrol and diesel in past as "Jizyah tax" by the Narendra Modi and ML Khattar governments at the Centre and in Haryana.
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Kerala Rejects Demand To Drop Fuel Tax, Opposition Says "Tax Terrorism"
Kerala Assembly on Tuesday witnessed intense war of words between CPI(M)-led ruling front and Congress-headed opposition over frequent fuel price hike in the country and the latter walked out of House terming it as "state-sponsored tax terrorism."
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Congress Slams Centre Over Fuel Price Rise, Rahul Gandhi Says "Tax Dacoity"
The Congress on Sunday slammed the Centre over rising fuel prices with former party chief Rahul Gandhi taking a dig at the government, saying the "tax dacoity" on petrol prices is rising.
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On High Fuel Prices, Minister Says "You Must Have Taken Free Vaccine"
Union Minister of State for Petroleum and Natural Gas Rameswar Teli has compared the rising price of petrol with that of packaged mineral water and said that the price of such water is more.
-
How India's Timely Measures Absorbed Hit From Oil Shock
Diesel and petrol prices were increased by over 3 per cent last week, a modest hike compared to the surge in crude. The move reflects the government is trying to balance inflationary and fiscal pressures, and may go for staggered hikes as seen in the
-
Will Windfall Tax Hike On Aviation Fuel Fom ₹29.5 To ₹42 Per Litre Make Flying Costlier For Travellers?
Government's windfall tax hike on aviation turbine fuel (ATF) and other fuels is expected to have an impact on India's aviation sector.
-
India's Largest Cigarette Maker ITC Plunges 10% After Tobacco Tax Hike
Shares of ITC Ltd. plunged the most in nearly six years after a higher levy on tobacco products by the government fueled concerns about its impact on Indias largest cigarette maker.
-
Fuel Price Hike In Punjab After Value Added Tax Increases On Petrol, Diesel
The Punjab Cabinet on Thursday gave approval to hike value-added tax (VAT) on petrol and diesel by 61 paise a litre and 92 paise per litre, respectively.
-
Petrol, Diesel To Get Costlier In Karnataka After Hike In Sales Tax On Fuel
Karnataka government on Saturday hiked sales tax on fuel which will make petrol and diesel costlier.
-
Punjab Government Hikes VAT on Petrol, Diesel, Prices Increased
The Punjab government increased the Value-Added Tax (VAT) on fuel by 10% on Sunday, leading to an increase in the price of petrol and diesel in the state by 92 paise per litre and 88 paise per litre, respectively.
-
No New Tax Or VAT Hike In Near Future In UP: Yogi Adityanath
Uttar Pradesh Chief Minister Yogi Adityanath on Friday said that keeping in mind the larger public interest, the government has neither increased the VAT and nor has imposed any new tax in the state.
-
IMF Agrees To Resume Pakistan Loan After Fuel, Tax Hikes
The International Monetary Fund (IMF) said Thursday it had agreed with Pakistan to resume a suspended loan programme that will inject $1.17 billion into the struggling economy.
-
BJP In West Bengal Threatens Protest If Fuel Tax Not Cut Within 15 Days
The BJP on Thursday threatened to go on an agitation if the West Bengal government does not cut taxes on fuel in the next 15 days.
-
"Injustice": PM Takes Aim At Opposition-Ruled States On High Fuel Prices
PM Modi today requested states to reduce the Value Added Tax (VAT) on fuel "in the spirit of cooperative federalism". Listing fuel prices in cities across the country, PM Modi pointed out that states which had lowered have lower fuel prices.
-
'Ask Your Government Why...': Finance Minister On State Taxes On Fuel
Opposition parties have argued that the Modi government has only marginally reduced the excise duty after having hiked them significantly in the past.
-
Hike In Excise Duty, VAT On Fuel Prices "Jizyah Tax": Congress Leader
Congress leader Randeep Singh Surjewala dubbed the "rapid and repeated backbreaking increase" in the excise duty and VAT on petrol and diesel in past as "Jizyah tax" by the Narendra Modi and ML Khattar governments at the Centre and in Haryana.
-
Kerala Rejects Demand To Drop Fuel Tax, Opposition Says "Tax Terrorism"
Kerala Assembly on Tuesday witnessed intense war of words between CPI(M)-led ruling front and Congress-headed opposition over frequent fuel price hike in the country and the latter walked out of House terming it as "state-sponsored tax terrorism."
-
Congress Slams Centre Over Fuel Price Rise, Rahul Gandhi Says "Tax Dacoity"
The Congress on Sunday slammed the Centre over rising fuel prices with former party chief Rahul Gandhi taking a dig at the government, saying the "tax dacoity" on petrol prices is rising.
-
On High Fuel Prices, Minister Says "You Must Have Taken Free Vaccine"
Union Minister of State for Petroleum and Natural Gas Rameswar Teli has compared the rising price of petrol with that of packaged mineral water and said that the price of such water is more.
