Transport Minister Nitin Gadkari said that the decision to pass on the impact of fuel rise on transport costs to customers depends lies with the transport companies
1 min read22 Jul 2021Delhi government has constituted a three-member committee to suggest measures to augment revenue from excise duty and ways to simplify liquor pricing as well as boost the hotel and restaurant industry of the city
1 min read9 Sep 2020Delhi has imposed a whopping 70% special corona fee to help garner some much needed revenuesA ₹1,610 crore stimulus has been announced for flower cultivators, washermen, barbers, weavers, among others
1 min read6 May 2020The hike in duty has taken away gains from falling global crude oil prices
1 min read5 May 2020The government raised excise duty on petrol and diesel by ₹3 per litre eachMinister of state for finance Anurag Thakur tabled the two notifications amid the uproar
1 min read17 Mar 2020Excise duty on petrol has now risen to ₹22.98 from ₹19.98 and that on diesel to ₹18.83 from ₹15.83This is in addition to the value added tax that states levy on auto fuel
2 min read14 Mar 2020The current increase in fuel prices won’t impact inflation muchIf higher diesel prices push up the cost of vegetables in the rainy season, inflation may be affected later
3 min read14 Jul 2019The budget plans to increase duties on bottled beer to 175% from 150%Policy challenges in key beer-guzzling states, including Karnataka, had already weighed down sales in 2018
2 min read12 Feb 2019Spending has shot through the roof and revenues are down. How on earth will government meet its fiscal deficit target of 3.3% of GDP?
8 min read29 Jan 2019With respect to customs duty, SIAM has suggested to the government that for CBU of cars and two-wheelers, rates should remain at the same levelCustoms duty on two-wheeler and cars currently ranges from 50-100 per cent
1 min read25 Jan 2019The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared