trump delhi pay spectrum chancellor central demand case check mayor burden shared govt debt higher house bill exports court relief india high president uk sir american winter diesel keir fixed

Articles for Levies

55th GST council meeting in Jaisalmer on December 21, 2024: Finance Minister Nirmala Sitharaman media briefing
2 days, 3 hours ago

55th GST council meeting in Jaisalmer on December 21, 2024: Finance Minister Nirmala Sitharaman media briefing

The Hindu  

A much-anticipated review of the Goods and Services Tax levies on life and health insurance policies was put off by the apex body in charge of the indirect tax regime, the GST Council at its 55th meeting on Saturday, as some members sought more discussions on the matter before taking a final call. Moreover, rate rationalisation suggestions pertaining to about …

Tax Minister Sitharaman Gst Council Levies
Mint Explainer: How rising palm oil prices impact India and its consumers
1 week, 3 days ago

Mint Explainer: How rising palm oil prices impact India and its consumers

Live Mint  

Investors were left reeling this week as Godrej Consumer Products issued a stark warning: soaring palm oil prices have severely impacted its soaps segment, a cornerstone of its business. This policy change came as global palm oil prices were already climbing due to supply constraints in Southeast Asia, creating a perfect storm for manufacturers. Read this | Edible oil, tea, …

India Consumer Oil Costs Prices Indonesia Higher
Homeowners to pay 4.8% more in municipal taxes and levies next year
1 week, 3 days ago

Homeowners to pay 4.8% more in municipal taxes and levies next year

NL Times  

Homeowners will pay an average of 4.8 percent, or 45 euros, more in municipal taxes and levies in 2025. Although the average increase of 4.8 percent seems limited, there will be significant outliers again next year, said VEH. The highest increase in the sample is, just like this year, in Renkum in Gelderland, where the property tax, the most decisive …

Tax Homeowners Increase Municipal Municipalities Veh
GST Council Meeting: Industry eyes tax relief on health insurance premiums, higher levies on luxury items
1 week, 4 days ago

GST Council Meeting: Industry eyes tax relief on health insurance premiums, higher levies on luxury items

Live Mint  

Industry experts expect a reduction in GST rates on health insurance at the forthcoming GST Council meeting on December 21, 2024. However, if health insurance is exempted from GST for all or specified persons, the insurance companies would lose out on input tax credits to that extent and accordingly, the reduction in costs can be less than the amount of …

Health Insurance Tax Health Insurance Gst Council Gom Mani
Mega aviation package to cut levies, ease rules in the works
3 weeks, 4 days ago

Mega aviation package to cut levies, ease rules in the works

Live Mint  

The Union government is working on a comprehensive package for the aviation sector involving lower user fees, relaxed regulations and tax concessions, three government officials aware of the development said. While the civil aviation ministry is focused on regulatory relaxations and route allocation, the commerce ministry will work to align the package with India’s trade goals and encourage foreign investment. …

India Aviation Airlines Ministry User Package Niti Aayog
Trump's import tariffs will have limited impact on Netherlands: CPB
3 weeks, 4 days ago

Trump's import tariffs will have limited impact on Netherlands: CPB

NL Times  

The import tariffs that the incoming American president Donald Trump wants to implement will only have limited consequences for the Netherlands. According to the bureau, the effect of the import tariffs is greater for some exports in the Netherlands because they export relatively more to the U.S. For example, the production of machines and equipment, electronic and optical products, and …

Dutch Netherlands Import Cpb
Unsafe fat bikes smuggled from China through Rotterdam port on large scale: report
1 month ago

Unsafe fat bikes smuggled from China through Rotterdam port on large scale: report

NL Times  

Tens of thousands of unsafe fat bikes are being smuggled from China to Rotterdam and other European ports, AD reports based on its own research. The newspaper spoke to multiple sellers on Bol.com and Makrtplaats, among others, offering no-name fat bikes at prices as low as 599 euros. Legal manufacturers and e-bike experts are dismayed, warning that these Chinese fat …

China Bikes Bike Port Chinese European Fat
Global solidarity taxes: A climate idea whose time has come
1 month, 1 week ago

Global solidarity taxes: A climate idea whose time has come

Live Mint  

From Bridgetown to Nairobi to Paris, no country is immune to the worsening effects of the climate crisis. Even a partial redistribution through solidarity levies would guarantee a large source of predictable climate finance for these countries, thus complementing flows of official development assistance without amplifying existing debt burdens. To that end, we launched the Global Solidarity Levies Task Force …

Finance Global International Solidarity Climate Climate Finance Countries
Govt not keen on doing away with LF and USO levies
1 month, 2 weeks ago

Govt not keen on doing away with LF and USO levies

Live Mint  

Indian telecom service providers' hopes to get relief from paying levies on adjusted gross revenue might get dashed on the Union finance ministry's revenue concerns, according to two senior officials close to the discussions. AGR is the revenue telecom operators earn from their core services, such as mobile and internet services, and licence and USO fees are charged on it. …

Telecom Revenue Crore Licence Fee Spectrum Agr
Italy making banks help with budget
2 months ago

Italy making banks help with budget

China Daily  

By EARLE GALE in London | China Daily Global | Updated: 2024-10-17 09:27 Italy's Prime Minister Giorgia Meloni attends a roundtable meeting in Brussels, Belgium Oct 16, 2024. Italy will raise 3.5 billion euros through new levies on domestic banks and insurance companies, in a bid to overcome a 9-billion-euro black hole in its budget, Prime Minister Giorgia Meloni announced …

Italy Tax Billion Its Books
Barnier’s tax raid to cost France’s largest company an extra €800m
2 months, 1 week ago

Barnier’s tax raid to cost France’s largest company an extra €800m

The Telegraph  

Michel Barnier’s tax raid is poised to cost France’s largest company an extra €800m next year, as the French prime minister races to reduce the country’s “colossal” debt pile. LVMH, the owner of designer brands Dior and Louis Vuitton, revealed the impact of higher corporation taxes during its latest trading update on Wednesday, just days after Mr Barnier announced plans …

France Tax Mr Barnier Lvmh
​Soothing salvo: On new Group of Ministers and tax changes for insurance policies
3 months, 1 week ago

​Soothing salvo: On new Group of Ministers and tax changes for insurance policies

The Hindu  

Meeting for the second time after the 2024 general election results, the Goods and Services Tax Council on Monday sought to calm some of the rising clamour against the 18% indirect tax levy on insurance premium payments. A new Group of Ministers is being formed to urgently recommend tax changes for life and health insurance policies, with an assurance the …

Council Gst Health Cover Insurance Policies Soothing Salvo Tax Changes
'Massive scandal': Trump levies dubious claims against foes in Truth Social tirade
4 months ago

'Massive scandal': Trump levies dubious claims against foes in Truth Social tirade

Raw Story  

Donald Trump barraged Truth Social with questionable claims and baseless accusations against political foes in a series of posts published Wednesday in under 10 minutes. Chris Rupkey, chief economist at FwdBonds, added, “The economy apparently did not need those phantom ‘lost’ workers, because robust real consumer expenditures powered very strong growth in the second half of last year.” The CNN …

Data Chicago Harris Cnn Scandal Trump
GST receipts on health cover surged to nearly ₹10,000 crore in 2023-24
4 months, 2 weeks ago

GST receipts on health cover surged to nearly ₹10,000 crore in 2023-24

The Hindu  

Goods and Services Tax collections on health insurance premium payments by consumers have risen by more than 54% between 2021-22 and 2023-24, yielding ₹8,262 crore last year, with health reinsurance levies delivering nearly another ₹1,500 crore, according to data shared by the Finance Ministry in Lok Sabha on August 5. Over the last three financial years, GST levies on health …

Insurance Gst
NGT levies ₹25 lakh penalty on Tantransco for setting up unauthorised transmission towers in Ennore Creek
4 months, 3 weeks ago

NGT levies ₹25 lakh penalty on Tantransco for setting up unauthorised transmission towers in Ennore Creek

The Hindu  

The Southern Bench of the National Green Tribunal has levied a penalty of ₹25 lakh on the Tamil Nadu Transmission Corporation for installing unauthorised electricity transmission towers in Ennore creek. Pronouncing judgment on the petitions filed by two residents of Ennore, the Bench comprising Justice Pushpa Sathyanarayana and expert member Satyagopal Korlapati on July 23 directed the Forest Department to …

Transmission Bench Towers Ennore Tantransco Tantrasco Ennore Creek
Free sand supply launched in Andhra Pradesh; consumers to pay operation cost and taxes only
5 months, 2 weeks ago

Free sand supply launched in Andhra Pradesh; consumers to pay operation cost and taxes only

The Hindu  

The Andhra Pradesh government on July 8 launched the supply of sand to consumers without charging any revenue share, except for the cost of operations and statutory levies and taxes. With this, the policies related to sand mining and supply launched by the previous YSR Congress Party government— New Sand Mining Policy-2019 and Upgraded Sand Policy-2021— have been withdrawn. The …

Taxes State Nda Consumers Sand Sand Supply Pay Operation Cost
US court levies USD 194 million penal charges on TCS
6 months, 1 week ago

US court levies USD 194 million penal charges on TCS

New Indian Express  

NEW DELHI: A US court has levied penal charges of about $194 million on IT major Tata Consultancy Services for misappropriation of trade secrets, a regulatory filing said on Friday. The order has been passed against the company in a case filed by Computer Sciences Corporation, now merged with DXC Technology Company -- alleging misappropriation of its trade secrets before …

Court Company Tcs
Gas bills could rise by £1,000 to pay for wind power
6 months, 4 weeks ago

Gas bills could rise by £1,000 to pay for wind power

The Telegraph  

Gas bills are projected to rise by around £1,000 to pay for wind power under official plans currently being considered by the Energy Secretary. Claire Coutinho received a report earlier this year that suggested moving some or all green levies from household electricity bills to gas bills, or shifting them into general taxation. A new analysis by Cadent, a gas …

Energy Gas Bills Energy Bills Ms Coutinho Electricity Bills Gas Bills
Biden levies sweeping tariffs on China, intensifying trade fight with Trump
7 months, 1 week ago

Biden levies sweeping tariffs on China, intensifying trade fight with Trump

Live Mint  

WASHINGTON—One day after news broke that President Biden was planning to raise tariffs on Chinese electric vehicles to roughly 100%, Donald Trump moved to one-up his rival for the White House. Biden’s decision caps years of tortured debate within the administration over the tariffs Trump originally put in place on more than $300 billion in imports from China. “I don’t …

China Trade Trump Vehicles Electric Vehicles President Chinese
Household electricity bills could be slashed by £142 in green rethink
8 months, 3 weeks ago

Household electricity bills could be slashed by £142 in green rethink

The Telegraph  

Claire Coutinho is considering removing £4bn of green levies from household electricity bills, amid warnings they are making heat pumps and electric cars more costly. The suggested changes have been put forward amid concerns that the weight of green levies on electricity bills are holding back progress on net zero. Green levies – also known as “policy costs” – fund …

Electricity Electricity Bills Green Levies
Labour plans could leave pensioners worse off if other levies are hiked to pay for a cut in income tax or national insurance, leading economist warns
11 months, 2 weeks ago

Labour plans could leave pensioners worse off if other levies are hiked to pay for a cut in income tax or national insurance, leading economist warns

Daily Mail  

Pensioners could be worse off if Labour hikes other levies to pay for a cut in income tax or national insurance, a leading economist warned yesterday. Paul Johnson, director of the Institute for Fiscal Studies, said he was 'pretty surprised' by reports that Labour was considering pledging tax cuts in its election manifesto. 'But what you can't do given the …

Labour Taxes Income Tax Johnson National Insurance Tax Cut Leading Economist
New Mexico regulators revoke the licenses of 2 marijuana grow operations and levies $2M in fines
11 months, 2 weeks ago

New Mexico regulators revoke the licenses of 2 marijuana grow operations and levies $2M in fines

Associated Press  

ALBUQUERQUE, N.M. — New Mexico marijuana regulators on Tuesday revoked the licenses of two growing operations in a rural county for numerous violations and have levied a $1 million fine against each business. One of the businesses — Native American Agricultural Development Co. — is connected to a Navajo businessman whose cannabis farming operations in northwestern New Mexico were raided …

Cannabis New Mexico Mexico State Operation Benally Navajo Attorney
‘Nuisance fee’: BMC levies fines to have a cleaner Mumbai
1 year, 2 months ago

‘Nuisance fee’: BMC levies fines to have a cleaner Mumbai

Hindustan Times  

Mumbai: The civic body has decided to crack the whip against throwing waste and debris on the road, shops not keeping dustbins, and other practices that make the city filthy, making it an unpleasant sight for the citizens. ‘Nuisance fee’: BMC levies fines to have a cleaner Mumbai The Solid Waste Management department of the Brihanmumbai Municipal Corporation has started …

Mumbai Department Bmc Swm Nuisance
Increased levies to make redevelopment projects unviable, say developers
1 year, 2 months ago

Increased levies to make redevelopment projects unviable, say developers

Hindustan Times  

Mumbai: Shocked by the increase in charges levied by Mhada, leading developers’ body CREDAI-MCHI, which represents 1,800 developers in MMR, has made a representation to the state Housing secretary demanding that the government reconsider the sharp increase in charges on the ground that it would make redevelopment of old cess buildings unviable for developers. In their representation to Additional Chief …

Mumbai Buildings Charges Redevelopment Bmc Lakh Noc