E-PaperExcise Duty Cut News
Indirect tax collections in FY’19 may fall short by Rs90,000 crore: Report
Total GST collections come at Rs6.78 trillion as compared with the 2018-19 Budget Estimate of Rs7.44 trillion, including SGST and IGST
1 min read22 Nov 2018Petrol excise duty cut may crimp size of Air India bailout
The finance ministry has decided that in view of the reduced fiscal wiggle room, a new Air India bailout deal should not comprise fresh equity infusion other than the 980 crore for which Parliament approval was secured in July
2 min read12 Oct 2018Excise duty on jet fuel cut from 14% to 11% in relief for airlines
The move comes at a time high aviation turbine fuel (ATF) prices and a weaker rupee have kept airline finances under pressure
2 min read10 Oct 2018Govt rules out excise duty cut as petrol, diesel prices hit fresh high
While a cut in excise duty that the central govt levies will impact fiscal deficit, states like Bihar, Kerala and Punjab are not in a position to cut sales tax, says an official
5 min read10 Sep 2018Govt rules out excise duty cut as petrol, diesel prices hit new highs
Petrol price nears ₹80 in Delhi, almost ₹87 in Mumbai; Finance ministry official says will not disturb fiscal maths by cutting excise duty on fuel
3 min read4 Sep 2018In an election year, investors should stay away from Indian Oil, BPCL, HPCL
Currently, lack of clarity on gross under-recoveries and sharing of the unmet under-recoveries remains. This uncertainty clouds investor sentiments
2 min read13 Apr 2018Budget 2018: Govt cuts excise duty on diesel, petrol prices
Diesel and petrol prices, however, will remain unchanged as FM Arun Jaitley has implemented a new Rs8 per litre 'Levy of Road and Infrastructure Cess' on the fuels
4 min read1 Feb 2018Budget 2018: Not enough fuel to kindle a fire
Thrust towards ensuring electricity access to households under the Saubhagya scheme could provide some boost to energy demand
1 min read2 Feb 2018The impact of excise duty cut on petrol, diesel
After the excise duty cut on petrol and diesel, we are left with increased risks to government finances and some possible gains for OMCs
3 min read5 Oct 2017Centre urges states to cut VAT on petrol, diesel by 5%
Oil minister Dharmendra Pradhan’s call to states to cut VAT on petrol and diesel comes a day after the Centre cut excise duty on the fuels by Rs2/litre
1 min read5 Oct 2017Popular Topics
Budget
The 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