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Lower GST On ICE Vehicles Could Stall EV Momentum: HSBC Report
Proposed GST cuts on petrol and diesel vehicles could reduce EVs price advantage, slowing adoption while causing major revenue losses for the government - HSBC.
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E20 Fuel Leads To Enhanced Mileage, Reduces Carbon Emissions: Centre
E20 fuel offers cleaner energy and better acceleration, with minor efficiency loss in older models. Here's what the government has to say.
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Bengal Facing Rs 1,141 Crore Loss Due To Fuel Price Cut: Mamata Banerjee
Claiming that West Bengal is staring at a total revenue loss of Rs 1,141 crore due to reduction of duties on petrol and diesel, Mamata Banerjee on Monday attacked the Centre for allegedly favouring BJP-ruled states in giving them their dues.
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Cut VAT On Fuel: Delhi Petrol Association Writes To Arvind Kejriwal
Delhi Petrol Dealers Association has written a letter to Delhi Chief Minister Arvind Kejriwal urging him to reduce value-added tax (VAT) in the national capital, stating that a higher tax on fuel is resulting in losses to petrol pump owners and may a
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Petrol, Diesel Can't Be Brought Under GST In Next 8-10 Years: BJP's Sushil Modi
Bringing petrol and diesel under the GST regime is not possible for the next 8-10 years as no state is ready to face the annual revenue loss of over Rs 2 lakh crore on this account, BJP member Sushil Kumar Modi said in Rajya Sabha on Wednesday.
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Top 5 Turbo Petrol SUVs In India Under Rs. 20 Lakh
Thanks to downsizing, turbo petrol engine is more fuel efficient compared to a naturally aspirated petrol motor while the turbo spool adds to its performance and makes up for the loss of torque as well.
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Madhya Pradesh Hikes Petrol, Diesel Price To Cover Losses Due To COVID-19
In view of lockdown's effect on economy, the Madhya Pradesh government on Friday made an increase of Re 1 in the current additional cess imposed on petrol and diesel.
-
9 Highly-Awaited Car Launches In India Postponed Because Of Coronavirus Pandemic
It's not the best of times for the globe as the Coronavirus pandemic has put the world on lockdown and we need to follow it seriously to stop further contamination. The auto industry is also witnessing major losses as a result of all auto and components manufacturing facilities shut for the next three weeks. Recovering from an economic slowdown ove...
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Delhi Petrol Pumps To Stay Shut On October 22-23 Over Value Added Tax
Petrol and diesel dealers in the national capital are in the grip of a crisis following the recent excise duty cuts made by the Centre and many states leading to losses here ranging 20-30 per cent, the Delhi Petrol Dealers Association (DPDA) said on Wednesday.
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Fuel Price Cut Of Even Rs. 1 Will Lead To Rs. 2,200 Crore Revenue Loss In Maharashtra
Amid growing chorus to bring down fuel prices, the BJP-led Maharashtra government Wednesday said the state would lose revenue to the tune of Rs. 2,200 crore per year if it slashes the prices of petrol and diesel by Rs. one per litre.
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Andhra Pradesh Cuts Petrol, Diesel Prices By Rs 2 Per Litre
Andhra Pradesh Chief Minister Chandrababu Naidu has announced a reduction of Rs 2 per litre on fuel prices, effective tomorrow. The loss of revenue from taxes will cost the exchequer up to Rs 1,120 crore, it is estimated.
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Loss Of Smell Could Warn Of Alzheimer's Disease
A new research suggests the inability to distinguish between the smell of a lemon and petrol could point to the risk of developing Alzheimer's disease. It is believed that the damage to brain is associated with Alzheimer's disease (AD).
-
GST Impact: Road Tax Increased In Maharashtra
The Maharashtra government has increased road tax in the state by 2%. Road tax is a one time payment that is mandatory when buying a brand new car and has gone up for both petrol and diesel vehicles. For petrol vehicles, the tax which was originally 9-11 percent of car value has now been increased from 11-13 per cent depending on the size of the ca...
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Stronger rupee may lead to a cut in petrol prices, says Jaipal Reddy
Speaking of a scenario in which petrol prices may go down, Petroleum Minister S Jaipal Reddy said, "If Finance Ministry can reimburse the oil companies losses, then they can absorb price hike." He added, "If rupee appreciates significantly, we will announce a cut in petrol prices."
-
Lower GST On ICE Vehicles Could Stall EV Momentum: HSBC Report
Proposed GST cuts on petrol and diesel vehicles could reduce EVs price advantage, slowing adoption while causing major revenue losses for the government - HSBC.
-
E20 Fuel Leads To Enhanced Mileage, Reduces Carbon Emissions: Centre
E20 fuel offers cleaner energy and better acceleration, with minor efficiency loss in older models. Here's what the government has to say.
-
Bengal Facing Rs 1,141 Crore Loss Due To Fuel Price Cut: Mamata Banerjee
Claiming that West Bengal is staring at a total revenue loss of Rs 1,141 crore due to reduction of duties on petrol and diesel, Mamata Banerjee on Monday attacked the Centre for allegedly favouring BJP-ruled states in giving them their dues.
-
Cut VAT On Fuel: Delhi Petrol Association Writes To Arvind Kejriwal
Delhi Petrol Dealers Association has written a letter to Delhi Chief Minister Arvind Kejriwal urging him to reduce value-added tax (VAT) in the national capital, stating that a higher tax on fuel is resulting in losses to petrol pump owners and may a
-
Petrol, Diesel Can't Be Brought Under GST In Next 8-10 Years: BJP's Sushil Modi
Bringing petrol and diesel under the GST regime is not possible for the next 8-10 years as no state is ready to face the annual revenue loss of over Rs 2 lakh crore on this account, BJP member Sushil Kumar Modi said in Rajya Sabha on Wednesday.
-
Top 5 Turbo Petrol SUVs In India Under Rs. 20 Lakh
Thanks to downsizing, turbo petrol engine is more fuel efficient compared to a naturally aspirated petrol motor while the turbo spool adds to its performance and makes up for the loss of torque as well.
-
Madhya Pradesh Hikes Petrol, Diesel Price To Cover Losses Due To COVID-19
In view of lockdown's effect on economy, the Madhya Pradesh government on Friday made an increase of Re 1 in the current additional cess imposed on petrol and diesel.
-
9 Highly-Awaited Car Launches In India Postponed Because Of Coronavirus Pandemic
It's not the best of times for the globe as the Coronavirus pandemic has put the world on lockdown and we need to follow it seriously to stop further contamination. The auto industry is also witnessing major losses as a result of all auto and components manufacturing facilities shut for the next three weeks. Recovering from an economic slowdown ove...
-
Delhi Petrol Pumps To Stay Shut On October 22-23 Over Value Added Tax
Petrol and diesel dealers in the national capital are in the grip of a crisis following the recent excise duty cuts made by the Centre and many states leading to losses here ranging 20-30 per cent, the Delhi Petrol Dealers Association (DPDA) said on Wednesday.
-
Fuel Price Cut Of Even Rs. 1 Will Lead To Rs. 2,200 Crore Revenue Loss In Maharashtra
Amid growing chorus to bring down fuel prices, the BJP-led Maharashtra government Wednesday said the state would lose revenue to the tune of Rs. 2,200 crore per year if it slashes the prices of petrol and diesel by Rs. one per litre.
-
Andhra Pradesh Cuts Petrol, Diesel Prices By Rs 2 Per Litre
Andhra Pradesh Chief Minister Chandrababu Naidu has announced a reduction of Rs 2 per litre on fuel prices, effective tomorrow. The loss of revenue from taxes will cost the exchequer up to Rs 1,120 crore, it is estimated.
-
Loss Of Smell Could Warn Of Alzheimer's Disease
A new research suggests the inability to distinguish between the smell of a lemon and petrol could point to the risk of developing Alzheimer's disease. It is believed that the damage to brain is associated with Alzheimer's disease (AD).
-
GST Impact: Road Tax Increased In Maharashtra
The Maharashtra government has increased road tax in the state by 2%. Road tax is a one time payment that is mandatory when buying a brand new car and has gone up for both petrol and diesel vehicles. For petrol vehicles, the tax which was originally 9-11 percent of car value has now been increased from 11-13 per cent depending on the size of the ca...
-
Stronger rupee may lead to a cut in petrol prices, says Jaipal Reddy
Speaking of a scenario in which petrol prices may go down, Petroleum Minister S Jaipal Reddy said, "If Finance Ministry can reimburse the oil companies losses, then they can absorb price hike." He added, "If rupee appreciates significantly, we will announce a cut in petrol prices."
