News for 'Levy'

CCPA warns restaurants against levying 'LPG charges'

CCPA warns restaurants against levying 'LPG charges'

Rediff.com25 Mar 2026

The authority has termed it an unfair trade practice under the Consumer Protection Act, 2019, pointing out that only applicable taxes can be added to the price mentioned in the menu.

Air India tickets to get costlier as airline levies fuel surcharge

Air India tickets to get costlier as airline levies fuel surcharge

Rediff.com11 Mar 2026

Air India and Air India Express are introducing a fuel surcharge on domestic and international flights due to rising jet fuel prices, impacting travel costs for passengers.

Iran denies reports of $2 mn levy on vessels in Strait of Hormuz

Iran denies reports of $2 mn levy on vessels in Strait of Hormuz

Rediff.com23 Mar 2026

The diplomatic intervention follows various media reports which attributed comments to Iranian lawmaker Alaeddin Boroujerdi, suggesting that merchant vessels were being charged USD 2 million for safe passage through the "conflict-hit Hormuz."

From 18% to 10%: Trump's new global levy brings relief for India

From 18% to 10%: Trump's new global levy brings relief for India

Rediff.com21 Feb 2026

US President Donald Trump announced a new global levy on imported items, resulting in a lower tariff rate for India, following a Supreme Court verdict against his previous sweeping tariffs.

Govt exceeds FY26 indirect tax collection estimates of Rs 15.52 lakh cr

Govt exceeds FY26 indirect tax collection estimates of Rs 15.52 lakh cr

Rediff.com2 Apr 2026

The Indian government has marginally exceeded its indirect tax collection target for fiscal year 2025-26, with strong performances in customs, excise, and GST revenues.

Won't allow Iran to impose tolls on Strait of Hormuz: Trump

Won't allow Iran to impose tolls on Strait of Hormuz: Trump

Rediff.com3 days ago

Trump criticised Iran for attempting to use international waterways for leverage, stating that the United States had restrained itself only to allow space for negotiations.

Govt hikes windfall tax on diesel to Rs 55.5/litre, ATF to Rs 42/litre

Govt hikes windfall tax on diesel to Rs 55.5/litre, ATF to Rs 42/litre

Rediff.com3 days ago

The Indian government has increased the export duty, or windfall tax, on diesel to Rs 55.5 per litre and on aviation fuel (ATF) to Rs 42 a litre, effective immediately, to boost domestic availability and prevent exporters from exploiting global price differences.

Iran hits over 10 sites in Israel's Haifa; 2 killed

Iran hits over 10 sites in Israel's Haifa; 2 killed

Rediff.com6 Apr 2026

An Iranian missile strike on Haifa has resulted in casualties and intensified conflict between Iran and Israel, prompting search operations and ceasefire discussions.

Iran imposes 'toll' in Hormuz; India calls it baseless

Iran imposes 'toll' in Hormuz; India calls it baseless

Rediff.com26 Mar 2026

The report said ships must submit full documentation, obtain clearance codes and accept IRGC-escorted passage through a designated corridor.

Petrol, diesel losses widen for OMCs; price hike likely post-elections

Petrol, diesel losses widen for OMCs; price hike likely post-elections

Rediff.com17 hours ago

State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) are reportedly incurring losses of Rs 18 per litre on petrol and Rs 35 per litre on diesel, as they continue to absorb rising crude oil costs without increasing retail prices. This situation is leading to expectations of a fuel price hike after upcoming state elections.

Govt steps up fuel security measures; warns against panic buying

Govt steps up fuel security measures; warns against panic buying

Rediff.com29 Mar 2026

The Indian government has increased measures to secure fuel and gas supplies following the Strait of Hormuz closure, urging citizens to avoid panic buying. Refineries are operating at high capacity, and sufficient stocks of petrol and diesel are available nationwide.

Nitish Kumar exits, legacy marked by progress and contradictions

Nitish Kumar exits, legacy marked by progress and contradictions

Rediff.com12 hours ago

An analysis of Nitish Kumar's tenure as Chief Minister of Bihar, highlighting his contributions to development and social justice alongside controversies and political shifts.

Govt doubles daily quota of 5kg LPG cylinders for migrant workers

Govt doubles daily quota of 5kg LPG cylinders for migrant workers

Rediff.com7 days ago

The Indian government has doubled the daily quota of market-priced 5-kg LPG cylinders for migrant workers to ensure stable fuel supplies amidst global disruptions. This move prioritises household cooking gas and addresses the needs of migrant workers who often lack regular connections.

This War Has Surpassed All Limits Of Uncivilised Behaviour

This War Has Surpassed All Limits Of Uncivilised Behaviour

Rediff.com22 hours ago

One of the most uncivilised characteristics of this war has been the total disregard for international law and the laws of armed conflict, asserts Vice Admiral Biswajit Dasgupta (retd).

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

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

Rediff.com1 Dec 2025

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 replace the GST compensation cess on such sin goods.

Big relief for flyers, govt says no selection fees on 60% seats

Big relief for flyers, govt says no selection fees on 60% seats

Rediff.com19 Mar 2026

Indian airlines are now required to offer 60% of seats for free and ensure families sit together, as the government strengthens passenger rights and addresses concerns about high seat selection fees.

How Small Parties Could Swing Puducherry Election Results

How Small Parties Could Swing Puducherry Election Results

Rediff.com5 days ago

Small parties have the capacity to play both ends against the middle. Puducherry could be heading that way, points out Aditi Phadnis.

Shaheen Afridi Fined By Lahore Qalandars For Hotel Security Breach

Shaheen Afridi Fined By Lahore Qalandars For Hotel Security Breach

Rediff.com31 Mar 2026

Lahore Qalandars have fined captain Shaheen Shah Afridi after Punjab police accused him of breaching security protocols at the team hotel.

CII seeks fiscal support, credit lines for industries hit by West Asia conflict

CII seeks fiscal support, credit lines for industries hit by West Asia conflict

Rediff.com6 Apr 2026

The Confederation of Indian Industry (CII) has proposed a 20-point policy agenda to the finance ministry, including a conflict-linked emergency credit line guarantee scheme and tax rationalisation on energy inputs, to support MSMEs, exporters, and energy-intensive industries affected by the ongoing West Asia war.

Bhagwant Mann Rebukes BJP's 'Absurd' Statements on Chandigarh Blast

Bhagwant Mann Rebukes BJP's 'Absurd' Statements on Chandigarh Blast

Rediff.com2 Apr 2026

Punjab Chief Minister Bhagwant Mann criticised BJP leaders for blaming his government for the blast outside the BJP headquarters in Chandigarh, emphasising that the area falls under the Union Territory's administration. He also addressed other issues, including taxes and farmers' concerns.

Centre Slashes Excise Duty on Petrol to 3, Diesel to Zero: Big Relief for Consumers

Centre Slashes Excise Duty on Petrol to 3, Diesel to Zero: Big Relief for Consumers

Rediff.com27 Mar 2026

The government has sharply reduced excise duty on petrol to 3 and diesel to zero, offering major relief to consumers. Here's how the price cut will impact fuel rates and inflation.

CAG flags Rs 12,754 crore misclassification, Rs 54,282 crore in pending UCs in FY25 audit

CAG flags Rs 12,754 crore misclassification, Rs 54,282 crore in pending UCs in FY25 audit

Rediff.com3 Apr 2026

The Comptroller and Auditor General of India (CAG) has reported significant financial irregularities in the Union government's FY25 accounts, including ~12,754.47 crore in misclassification and ~54,282.32 crore in outstanding utilisation certificates, with some dating back to 1985-86.

AI, IndiGo, SpiceJet protest free seat selection rule, warn of fare hikes

AI, IndiGo, SpiceJet protest free seat selection rule, warn of fare hikes

Rediff.com21 Mar 2026

IndiGo, Air India, and SpiceJet are opposing the government's directive to offer 60% of seats for free selection, arguing it will lead to increased airfares to compensate for lost revenue.

World's Most Narcissistic Countries

World's Most Narcissistic Countries

Rediff.com25 Mar 2026

Which countries possess populations of people with the most self-love?

India expands PNG network; rolls out 2.7L new connections in Mar

India expands PNG network; rolls out 2.7L new connections in Mar

Rediff.com31 Mar 2026

India significantly increased piped natural gas (PNG) connections in March as the government accelerates the expansion of cleaner fuel networks amid global supply disruptions.

Regulatory Tightening, STT Hike Dampen Indian Equities Trading Volumes

Regulatory Tightening, STT Hike Dampen Indian Equities Trading Volumes

Rediff.com3 Apr 2026

Indian equities trading activity saw a moderation in FY26, with cash market turnover declining and derivatives growth remaining subdued due to regulatory tightening and weak market performance. Further impacts are expected from new RBI norms and a hike in Securities Transaction Tax (STT).

Govt cuts excise duty on petrol to Rs 3 per litre, exempts diesel

Govt cuts excise duty on petrol to Rs 3 per litre, exempts diesel

Rediff.com27 Mar 2026

The Indian government has reduced excise duty on petrol and diesel to mitigate the impact of rising global crude prices, triggered by geopolitical tensions in the Middle East. This move aims to provide relief to consumers and oil companies amidst volatile international oil markets.

I-T Department Asks Brokers To Remit Excess STT

I-T Department Asks Brokers To Remit Excess STT

Rediff.com11 Mar 2026

The tax is collected by brokers on behalf of the government and forms a key component of the Centre's tax revenues.

India Investigates Subsidised Paperboard Imports from China and Indonesia

India Investigates Subsidised Paperboard Imports from China and Indonesia

Rediff.com26 Mar 2026

India has initiated a probe into imports of subsidised paperboard from China and Indonesia following complaints from domestic manufacturers. The investigation will assess the impact of these imports on the Indian paper industry and determine if anti-subsidy duties are warranted.

Pakistan hikes fuel price by 200% amid Iran war

Pakistan hikes fuel price by 200% amid Iran war

Rediff.com23 Mar 2026

Pakistan has significantly increased the price of high-octane fuel, impacting luxury vehicle owners, while also seeing increases in petrol, diesel, and airline fares due to rising global oil prices.

India Investigates Subsidised Paperboard Imports from China and Indonesia

India Investigates Subsidised Paperboard Imports from China and Indonesia

Rediff.com26 Mar 2026

India has initiated a probe into imports of subsidised paperboard from China and Indonesia following complaints from domestic manufacturers. The investigation will assess the impact of these imports on the Indian paper industry and determine if anti-subsidy duties are warranted.

CBDT Eases GAAR Concerns for Investments Made Before April 2017

CBDT Eases GAAR Concerns for Investments Made Before April 2017

Rediff.com1 Apr 2026

The Income Tax Department has clarified that income from the transfer of investments made before April 1, 2017, is excluded from the scope of the General Anti-Avoidance Rules (GAAR), addressing industry concerns about retrospective application.

Kharge, Rijiju spar in RS over West Asia conflict discussion

Kharge, Rijiju spar in RS over West Asia conflict discussion

Rediff.com1 Apr 2026

The Rajya Sabha witnessed a heated debate between the opposition and the government regarding a discussion on the West Asia crisis, with accusations of political maneuvering and failure to uphold the dignity of parliamentary positions.

Government Penalises Companies for CSR Violations

Government Penalises Companies for CSR Violations

Rediff.com17 Mar 2026

The Indian government has imposed penalties totalling nearly 20 crore on various companies for non-compliance with Corporate Social Responsibility (CSR) norms over the past three financial years, as revealed in the Rajya Sabha.

Iran War Burns India's Exporters: Stranded at Sea, Billed For A War They Never Started

Iran War Burns India's Exporters: Stranded at Sea, Billed For A War They Never Started

Rediff.com20 Mar 2026

'Every day the meter is ticking. Like a time bomb.' Shipping giants are billing Indian exporters up to $3,000 per container in war surcharges -- on cargo that sailed before the war began -- as the Strait of Hormuz shuts down.

'Studying developments': India after US SC verdict on Trump's tariffs

'Studying developments': India after US SC verdict on Trump's tariffs

Rediff.com21 Feb 2026

In a major setback to Trump's pivotal economic agenda for his second term, the US Supreme Court, in a 6-3 verdict written by Chief Justice John Roberts, ruled that the tariffs imposed by the president on nations around the world were illegal.

Piyush Goyal rejects reports on India holding off US trade deal

Piyush Goyal rejects reports on India holding off US trade deal

Rediff.com14 Mar 2026

Piyush Goyal on Friday rejected reports suggesting that India is planning to hold off trade deal with the United States for several months.

Swadeshi Jagran Manch Urges End to Moratorium on Digital Product Tariffs

Swadeshi Jagran Manch Urges End to Moratorium on Digital Product Tariffs

Rediff.com20 Mar 2026

The Swadeshi Jagran Manch (SJM) is advocating for the termination of the moratorium on customs duties for electronically transmitted digital products, arguing that it hinders self-reliance, causes revenue losses, and restricts India's ability to tax emerging technologies like AI.

'Trump administration will use new laws to replace IEEPA tariffs'

'Trump administration will use new laws to replace IEEPA tariffs'

Rediff.com21 Feb 2026

Trump administration will use "alternative legal authorities" to enforce tariffs on the countries, assuring that the tariff revenue will remain unchanged.

How Gut Bacteria Affects Memory and Ageing, According to New Research

How Gut Bacteria Affects Memory and Ageing, According to New Research

Rediff.com12 Mar 2026

A new study suggests that manipulating the gut microbiome by stimulating the vagus nerve may help reverse memory loss associated with ageing. The research highlights the gut's role in cognitive function and potential therapeutic strategies.