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Finance And Excise

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Maha minister Kokate stripped of portfolios after fraud conviction

Embattled Maharashtra minister Manikrao Kokate was on Wednesday stripped off his portfolios following his conviction in a 1995 cheating and forgery case, with Governor Acharya Devvrat reassigning......

Gujarat cabinet rejig: A look at new ministerial portfolios

Following a major reshuffle-cum-expansion of his cabinet, Gujarat Chief Minister Bhupendra Patel on Friday allotted the important portfolios of home and industries to Harsh Sanghavi who has been......

Ajit Pawar's son faces probe over Rs 300 cr Pune land deal

A Rs 300-crore land deal in Pune involving a firm linked to Maharashtra deputy Chief Minister Ajit Pawar's son Parth was embroiled in charges of irregularities and set off a political row,......

Maha portfolio allocation: Fadnavis gets Home, Ajit Finance, Shinde...

Maharashtra Chief Minister Devendra Fadnavis on Saturday allocated portfolios to his council of ministers, retaining the crucial Home department with him. IMAGE: Maharashtra Chief Minister......

Hemant Soren distributes portfolios; keeps home, gives finance to Cong

Jharkhand Chief Minister Hemant Soren on Friday distributed portfolios among the new ministers, keeping key departments such as home, personnel and several others to himself, according to a......

ITC stock downgraded after excise duty hike

Brokerages also cut rating and share price targets for the stock Analysts have sharply reduced cigarette maker ITC’s earning estimates for the next two years, fearing a significant dent in the......

Govt plans to levy excise duty on tobacco, cess on pan masala

Finance Minister Nirmala Sitharaman on Monday introduced two bills in the Lok Sabha to levy excise duty on tobacco and tobacco products, and a new cess on manufacturing of pan masala, which will......

Sensex ends in red; ITC is biggest drag

Equity benchmark indices Sensex and Nifty ended flat on the first trading session of 2026, as massive selling in ITC stocks and foreign fund outflows diminished the initial enthusiasm. Photograph:......

How Winter Session Sets Stage For Budget

Three laws passed in Parliament could boost central revenues, reshape GST cess flows, shift MGNREGA costs to states and create new budget headroom ahead of the 2026-2027 Union Budget, points out A......

Selling Land Is Not a Service, Rules Supreme Court

The Supreme Court has said that selling land or property is not a service under the Finance Act, 1994, so such sales cannot be charged with service tax. Illustration: Dominic Xavier/Rediff The......

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