Excise Cut: India Inc, traders and exporters have welcomed the Centre's move to slash excise duty on auto fuels and urged states to follow suit to provide more relief to consumers. Hailing the decision of reduction in central excise duty on petrol and diesel, reduction in import duty on raw material of steel and plastic and increase in export duty …
Petrol prices have a wonderful ability to annoy people even when they are not buying fuel. Russia's invasion of Ukraine in many ways has poured fuel onto an already burning fire of petrol prices. With petrol prices skyrocketing, rumblings of a by-election in the Melbourne electorate of Aston and a Prime Minister struggling in the polls ahead of an election, …
Oil Minister Hardeep Singh Puri on Wednesday responded to Congress leader Rahul Gandhi's 'pickpocket' barb at the government over the levy of high taxes on petrol and diesel, and described him as a "jeb katra" who would not understand what capital expenditure is. Gandhi tweeted "jebkatro se savdhan" before the government's November 3 announcement of a Rs 5 per litre …
Post the petrol, diesel, excise cut, how the Centre manages to stick to the fiscal deficit target of 3.3 percent is going to be interesting to watch Just about a month earlier, the government was firm about not cutting excise duty on petrol and diesel even as global crude prices rose almost every day. In fact, some would argue that …
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