OPEN APP
Photo: Reuters
Excise duty was raised by  ₹13 and  ₹16 per litre on petrol and diesel between March 2020 and May 2020, and now stands at  ₹31.8 on diesel and  ₹32.9 per litre on petrol (Photo: Ramesh Pathania/Mint)
Excise duty was raised by 13 and 16 per litre on petrol and diesel between March 2020 and May 2020, and now stands at 31.8 on diesel and 32.9 per litre on petrol (Photo: Ramesh Pathania/Mint)

Govt can cut excise duty on petrol, diesel by 8.5/L without hurting revenues

Petrol, diesel prices hover at a historic high following a relentless increase in rates over the past nine months. There have been calls by opposition parties as well as sections of society to the government to reduce excise duty to ease consumer pain

A vial of Bharat Biotech Covaxin (ANI)
A vial of Bharat Biotech Covaxin (ANI)

Bharat Biotech's Covaxin found 81% effective in interim phase 3 trials

  • 'Covaxin demonstrates high clinical efficacy trend against COVID-19 but also significant immunogenicity against the rapidly emerging variants,' said Chairman and Managing Director Krishna Ella
  • The clinical trial will continue through to final analysis at 130 confirmed cases in order to gather further data and to evaluate the efficacy of Covaxin in additional secondary study endpoints

Your favourite newspaper at your fingertips.

Try Mint E-paper
The RBI report recommended further strengthening foreign-exchange reserves, citing the swings in the rupee around the time of the global taper tantrum in 2013 (Photo: Mint)
The RBI report recommended further strengthening foreign-exchange reserves, citing the swings in the rupee around the time of the global taper tantrum in 2013 (Photo: Mint)

RBI may consider issuing bonds to help soak up foreign money into stocks

Current laws forbid the RBI from selling its own paper, and budgetary constraints could prevent the government from issuing so-called market stabilization scheme, or MSS, bonds that authorities have used in the past

From The Wall Street Journal
View All
 British finance minister Rishi Sunak unveils his annual budget Wednesday, promising measures to safeguard businesses and jobs while tackling virus-fuelled debt as England prepares to exit its third lockdown (AFP)
British finance minister Rishi Sunak unveils his annual budget Wednesday, promising measures to safeguard businesses and jobs while tackling virus-fuelled debt as England prepares to exit its third lockdown (AFP)

UK to hike corporation tax to 25% from 19% from 2023, says FM Sunak

  • 'Even after this change, the United Kingdom will still have the lowest corporation tax rate in the G7,' Sunak said
  • UK introduced corporation tax at a rate of 40% in 1965. It rose to a high of 52% in the 1970s

Sensex jumped over 1100 points today
A home loan is among the cheapest loans available. Photo: iStock

The most important news delivered to your inbox with our newsletters

Subscribe for free
×
Edit Profile
My ReadsRedeem a Gift CardLogout