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Why is the govt mum on high petro prices?

BJP-ruled Maharashtra levies 46.52 per cent VAT (47.64 per cent in Mumbai) on petrol, the highest in the country. Finance Minister Arun Jaitley provided no indication on Wednesday of any cut in......

Petrol to cost more in Maharashtra; VAT hiked by Rs 1.50/litre

The state has not touched diesel prices, fearing losing revenue to neighbouring states Maharashtra government, on Friday, hiked the value added tax (VAT) levied on petrol by Rs 1.50 per litre. The......

Gujarat govt tells Maruti to rethink VAT refund

Maruti Suzuki India’s proposed factory in Gujarat is faced with a technical hurdle. In the process of reworking the state support agreement, thanks to the new scheme proposed by MSIL, the......

Sushil Modi's first priority is VAT

Bihar deputy chief minister and finance minister Sushil Modi was on Monday elected the new chairman of the empowered committee of state finance ministers. He succeeded former West Bengal......

Delhi Govt slashes VAT on diesel

Inflation-hit Delhiites can breathe a little easy with Delhi Government today slashing the value added taxon diesel to 12.5 per cent from the existing 20 per cent which would bring down the fuel......

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With poll control ending, petrol/diesel prices start their journey northwards

New Delhi: Just a day after the 2019 Lok Sabha polls came to an end, state-owned oil marketing companies (OMC) on Monday have raised the retail... ...

http://www.sify.com/finance/with-poll-control-ending-petroldiesel-prices-start-their-journey-northwards-news-commodities-tfumupbebcjac.html

China's retail sales growth slumps to 16-year low as trade war risks rise

Some companies such as BMW have already lowered their prices after China cut the value-added tax (VAT) from April 1. Reuters | May 15, 2019, 02.56... ...

https://economictimes.indiatimes.com/news/international/business/chinas-retail-sales-growth-slumps-to-16-year-low-as-trade-war-risks-rise/articleshow/69341007.cms

CBI arrests RDSO Lucknow's chief vigilance inspector on bribe charge

Abodh Aggarwal was arrested on a complaint by senior section officer (administration), RDSO, Ravindra Dubey, said Raghavendra Vats, superintendent... ...

https://www.hindustantimes.com/lucknow/cbi-arrests-rdso-lucknow-s-chief-vigilance-inspector-on-bribe-charge/story-siRYxOjm8YdPDm8EZzCi0I.html

How service sector gained and govt actually lost revenue post GST

Across 10 prominent services, revenue to the government reduced by 20 per cent in the first year of GST compared to the last year of the service... ...

http://www.rediff.com/money/report/gst-service-sector-gained-but-govt-lost-revenue-post-gst/20190510.htm

Warning signs for India's auto industry are slowly piling up

MUMBAI: It’s not car sales alone that are slowing in India: on average, two vehicle dealerships have shut every week over the past two years.With... ...

https://economictimes.indiatimes.com/industry/auto/auto-news/shutter-down-dealers-follow-car-sales-into-slow-lane/articleshow/69137648.cms

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