The Union government has collected Rs 94,181 crore through levy of excise duty on petrol and diesel in the first three months of the current fiscal on the back of a record tax on fuel that yielded 88 per cent higher revenue the previous financial year, the Lok Sabha was informed on Monday. Excise duty on petrol was hiked from Rs 19.98 per litre to Rs 32.9 last year to recoup gain arising from international oil prices plunging to multi-year low as pandemic gulped demand. The same on diesel was raised to Rs 31.8 from Rs 15.83 a litre, according to a written reply by Minister of State for Petroleum and Natural Gas Rameswar Teli in the Lok Sabha. This led to excise collections on petrol and diesel jumping to Rs 3.35 lakh crore in 2020-21 (April 2020 to March 2021), from Rs 1.78 lakh crore a year back, he said.
World Cup winners Germany are no mood to experiment against minnows Gibraltar in their Euro 2016 qualifier on Friday, promising a goal bonanza to make amends for recent poor results.
Eighteen months after the government started banning Chinese mobile apps, two distinct changes have occurred in the country's mobile app sweepstakes. The move has given a thrust to domestic app publishers, especially in certain segments and it has dramatically reduced the market share of Chinese apps. What started as an interim government ban on 59 Chinese apps, including the highly popular TikTok and WeChat in March 2020 ended as a permanent ban on many of them in January this year. According to a China Internet Report 2021 (by South China Morning Post), the market share of Chinese apps in India has dropped substantially from 44 per cent in 2018 to only 29 per cent in 2020. In 2017 it was 41 per cent.
'The impact of COVID-19 on the economy has been so overwhelming that even a significant drop in global oil prices, which in normal times would have brought cheer, has posed new challenges for the government,' observes A K Bhattacharya.
The Seventh Pay Commission had decided to choose the CPI-IW as the index for adjusting inflation for central government employees.
The Elle Sustainability Awards 2023 saw a gaudy constellation of stars, dressed to the nines, congregate under one roof.
Is it a case of poor targeting of a welfare scheme, or is it a reflection of the government's desire to expand the scope of this benefit to secure greater electoral dividends? asks A K Bhattacharya.
From May 26 onwards, the US Citizenship and Immigration Services will begin accepting applications for work visas from H-IB spouses, reports Aziz Haniffa/Rediff.com.
Revenue from convenience fees has grown at a compound annual rate of 85 per cent for multiplex chain operator Inox Leisure and 58 per cent for PVR.
Even before NCP-Ajit Pawar leaders came to meet in Delhi, the central government decided to buy 200,000 tonnes of onions from farmers at Rs 24.1 per quintal. This was among the highest prices at which onions have ever been bought from farmers.
Telecom tower companies likely to invest around Rs 500 crore (Rs 50 billion) to enhance network.
Total burden on the exchequer will increase by Rs 12,000 crore to Rs 87,217.50 crore for the year 2019-20.
Contradicting reports have emerged about the ACC suggesting postponing the Asia Cup with India unable to travel.
The net outward foreign direct investment went up from $9.1 billion in 2017-18 to $12.6 billion in 2018-19 and moved further north to $13 billion in 2019-20.
The Prachand Light Combat Helicopter is a huge boost to the IAF's combat prowess.
India is one of the few countries in the region that enjoys good relations with both Israel and Saudi Arabia, and IMEC would allow it to recreate the old Spice Route to Europe. All this is in jeopardy now, notes Rajeev Srinivasan.
If re-elected, his government will set up a National Traders' Welfare Board, bring trader credit cards and a pension scheme for small shopkeepers besides making a provision to provide loans of up to Rs 50 lakh without collateral.
Domestic match fees to be increased substantially.
Rani Mukerji's Diwali... Kartik returns to work... Shahid's festive selfie...
Modi government's story of five years with regard to equity allocation for PSUs shows that it may have allowed a large part of its resources to be wasted. This is also a worrying reflection of the government's inability to take hard decisions - whether they pertain to privatisation or forcing weak public-sector banks to wind down their operations, says A K Bhattacharya.
On his 50th birthday on May 25, Sukanya Verma celebrates the man and his movies.
The centre's promise of a new deal for the states is a welcome development.
Everybody knows he's a master of sublime, but Mani Ratnam's brilliance in escalating drama delivers a goosebumps-inducing impact when bolstered by A R Rahman's musical gravitas,
The 2018 Commonwealth Games gold medal winners, hailing from Haryana, will get Rs 1.5 crore from the state government.
Shane Warne was paid US$ 657,000 and given an ownership of 0.75 percent for every year he played in IPL after coming out of retirement in 2008.
The Gujarat government has announced that people will not be fined for violation of traffic rules during the Diwali festival this year.
Canada is the top supplier of pulses to India, which is expected to import 1 million tonnes more this year.
Using buyback as a divestment tool is not new, the amount raised this year is phenomenally high.
Stressing that tourist bonanza, pilgrimage travel, religious fervour are needed, but can wait for a few more months, the IMA, in a statement, said global evidence and the history of any pandemic suggest that 'the third wave is inevitable and imminent'.
BCCI has announced a cash reward of Rs 50 lakh to each player of the Indian women's cricket team for their tremendous performance in the ongoing Women's World Cup 2017.
Premier League clubs enjoyed record revenues of 3.3 billion pounds ($4.76 billion) in 2014-15 thanks to broadcast deals that will be even more lucrative next season, according to Deloitte.
The bank's report found that small and medium-sized companies were particularly unprepared, with eight out of 10 yet to take any action to evaluate opportunities, compared with 58 per cent of larger businesses. Even though there are more than four years to go to the 2012 opening ceremony, the bank's experts warned companies should already be taking steps to secure a slice of the economic windfall.
The Reserve Bank of India (RBI)'s move to bring housing loans of up to Rs 50 lakh under priority sector lending, against loans of up to Rs 25 lakh currently, is expected to provide a boost to home loan borrowers and real estate companies.
They stand to reap rich rewards if they consistently emerge on the winning side in Tests and ODIs.
Led by Trent, which hit its lifetime-high recently, apparel retailers have gained between 10 per cent and 36 per cent over the past three weeks. Given the network of physical stores, these stocks shall be major beneficiaries of the unlock theme, with most states doing away with Covid restrictions. Amid improving footfall, analysts expect the sector to post double-digit growth in FY23.
SpiceJet says tickets in three day sale will be 75 per cent lower than last minute purchase fares.
The Centre is expected to increase the dearness allowance by 10% to 100% by the end of February.
The 'Diwali Home Buying Fest' would be organised from Nov 3-9.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances