News for 'excise duty'

Excise, CM house files could be destroyed, alleges officer removed by Kejriwal

Excise, CM house files could be destroyed, alleges officer removed by Kejriwal

Rediff.com17 May 2023

Rajshekhar detailed his complaints in a report to the lieutenant governor's office, joint secretary in the Ministry of Home Affairs and the additional commissioner of police of Delhi's anti-corruption branch.

Jewellers extend pan-India strike till Mar 7

Jewellers extend pan-India strike till Mar 7

Rediff.com4 Mar 2016

Jewellers went on strike for three days from March 2.

Petrol, diesel prices won't be revised ahead of Karnataka polls

Petrol, diesel prices won't be revised ahead of Karnataka polls

Rediff.com1 May 2018

The BJP-led government had raised excise duty nine times between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October last year by Rs 2 a litre.

General Motors, Maruti follow trend, hike car prices

General Motors, Maruti follow trend, hike car prices

Rediff.com6 Jan 2015

General Motors India on Tuesday increased vehicle prices by up to Rs 61,000 in order to partially offset the impact of rising input costs and expiry of reduced excise duty concessions.

Double whammy for high-end car users

Double whammy for high-end car users

Rediff.com8 Mar 2013

After rise in duties, third-party motor insurance rates set to increase premiums 5 - 10 per cent.

Talk to jewellers, end strike: Sharad Yadav to government

Talk to jewellers, end strike: Sharad Yadav to government

Rediff.com14 Mar 2016

Yadav said the nationwide strike has affected over 35 lakh (3.5 million) people.

Petrol, diesel prices may not be cut

Petrol, diesel prices may not be cut

Rediff.com24 Jan 2007

The petroleum ministry's call for an immediate Re 1 cut in excise duty on diesel has been rejected by Finance Minister P Chidambaram.

Non ferrous metals: Import duties on aluminum, zinc raised

Non ferrous metals: Import duties on aluminum, zinc raised

Rediff.com2 Mar 2016

The doubling of Clean Energy Cess from Rs 200 to 400 per tonne would further increase the input cost for domestic producers.

Price of normal petrol too crosses Rs 100 in Rajasthan

Price of normal petrol too crosses Rs 100 in Rajasthan

Rediff.com17 Feb 2021

After premium petrol, the price of normal petrol has also crossed Rs 100 per litre in Rajasthan's Sriganganagar district.

Oil price tops $87/bbl but petrol, diesel stay unchanged

Oil price tops $87/bbl but petrol, diesel stay unchanged

Rediff.com18 Jan 2022

International oil prices jumped to the highest level since 2014, topping $87 a barrel but domestic petrol and diesel prices remained unchanged for the 74th day in a row - a freeze that may be linked to ensuing assembly elections in states like Uttar Pradesh and Punjab. Brent - the key global oil benchmark - soared to $87.7 per barrel mostly due to rising geopolitical tensions and supply-side disturbances due to Yemen's Houthi group's attack on oil facilities in the United Arab Emirates. Also, global inventories are waning. The attack, some analysts believe, may lead to more hostile behaviour between the two power centres in the Middle East - Iran and Saudi Arabia.

Budget's impact on the FMCG sector

Budget's impact on the FMCG sector

Rediff.com11 Jul 2014

Increase in tax exemption limit by Rs 50000 is positive for the FMCG sector, as it will leave more discretionary income in the hands of consumers.

Petrol, diesel price cut but hardly any difference!

Petrol, diesel price cut but hardly any difference!

Rediff.com1 Feb 2016

The reduction in auto fuel prices today was the fifth cut in two months on back of softening global oil prices.

Jewellers divided on calling off strike; Delhi shops still shut

Jewellers divided on calling off strike; Delhi shops still shut

Rediff.com21 Mar 2016

Some jewellers kept their shops shut in Mumbai as well.

Petrol, diesel prices depend on govt, not crude rate!

Petrol, diesel prices depend on govt, not crude rate!

Rediff.com7 May 2020

'I have no problems with the finance ministry or with state governments treating petrol pump prices as the last resort for meeting their ambitious spending targets with very limited revenue resources.' 'But let's do away with this smokescreen of free pricing of petrol and diesel and go back to administered pricing regime,' says Dr Sudhir Bisht.

Key numbers to watch out for in Sitharaman's 7th Budget

Key numbers to watch out for in Sitharaman's 7th Budget

Rediff.com23 Jul 2024

All eyes will be on whether Sitharaman provides the much-expected tax relief for the middle class, leaving more money in their hands, as there is tax buoyancy

Know the Budget Impact on Your Finances

Know the Budget Impact on Your Finances

Rediff.com23 Jul 2024

'Compare the new slabs with the previous years to understand if your tax liability will increase or decrease after the Budget.'

No breakthrough for jewellers; strike marches on to day 17

No breakthrough for jewellers; strike marches on to day 17

Rediff.com18 Mar 2016

Arun Jaitley has rejected the demand for rolling back the levy.

Mercedes Rules Luxury Cars Segment

Mercedes Rules Luxury Cars Segment

Rediff.com21 Dec 2024

For the first time in history, the luxury car market is poised to cross the sales mark of 50,000 units in 2024, with Mercedes leading the way

Few reforms auto industry expects from the Budget

Few reforms auto industry expects from the Budget

Rediff.com28 Feb 2015

The auto industry expects lower taxes and interest rates from Budget 2015.

Petrol nears Rs 85 mark in Delhi, diesel closer to Rs 82 in Mumbai

Petrol nears Rs 85 mark in Delhi, diesel closer to Rs 82 in Mumbai

Rediff.com18 Jan 2021

Petrol price in the national capital neared the Rs 85 a litre mark while diesel rates in Mumbai were close to Rs 82 as fuel prices were raised by 25 paise per litre each on Monday. Petrol now costs a lifetime high of Rs 84.95 per litre in Delhi while diesel comes for Rs 75.13, according to a price notification from oil marketing companies. The price hike on Monday came after three days of unchanged rates. Prices were last hiked by 50 paise a litre in two instalments on January 13 and 14.

Petrol, diesel prices hiked for second consecutive day

Petrol, diesel prices hiked for second consecutive day

Rediff.com8 Jun 2020

Petrol and diesel prices were hiked by 60 paisa per litre on Monday, for the second day in a row, as State-owned oil firms reverted to daily price revisions after an 83-day hiatus. Petrol price in Delhi was hiked to Rs 72.46 per litre from Rs 71.86 on Sunday, while diesel rates were increased to Rs 70.59 a litre from Rs 69.99, according to a price notification of state oil marketing companies.

Drug prices likely to rise by 6%

Drug prices likely to rise by 6%

Rediff.com22 Jan 2005

ITC to hike cigarette prices by up to 15%

ITC to hike cigarette prices by up to 15%

Rediff.com13 Mar 2015

Leading conglomerate ITC will soon increase prices of cigarette brands like Classic and Gold Flake Kings by up to 15 per cent per pack.

Budget impact: What's cheaper, who will benefit the most

Budget impact: What's cheaper, who will benefit the most

Rediff.com17 Feb 2014

P Chidambaram announced a few sops to bring cheer to consumers and some sectors like automobile and capital goods.

Mixed reactions of NRIs in Gulf

Mixed reactions of NRIs in Gulf

Rediff.com16 Mar 2012

Ram Buxani said increase in the customs duty on gold will help Dubai's business.

Can Modi revive the fortunes of India's automakers?

Can Modi revive the fortunes of India's automakers?

Rediff.com17 May 2014

The industry hoped that the new government would keep the excise duty rates at the existing level to help the sector come out from a prolonged demand slump.

Petrol, diesel prices hiked for 11th consecutive day

Petrol, diesel prices hiked for 11th consecutive day

Rediff.com17 Jun 2020

Petrol price in Delhi was hiked to Rs 77.28 per litre from Rs 76.73, while diesel rates were increased to Rs 75.79 a litre from Rs 75.19, according to a price notification from State oil marketing companies. Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

GST won't make luxury cars, SUVs cheaper

GST won't make luxury cars, SUVs cheaper

Rediff.com4 Nov 2016

It is immediately not clear how GST will impact the mass car market. Experts, however, say the level of tax on smaller cars will have to be at a differential to the sedans.

'Rs 1.7 trillion may be GST average collection next FY'

'Rs 1.7 trillion may be GST average collection next FY'

Rediff.com18 Feb 2024

'We crossed Rs 1.7 trillion in three months this financial year.'

Ford India cuts prices by up to Rs 1.07 lakh

Ford India cuts prices by up to Rs 1.07 lakh

Rediff.com21 Feb 2014

The reductions will be applicable across Ford Figo, Ford Classic, Ford EcoSport, Ford Fiesta and the Ford Endeavour.

Jewellers' strike enters 20th day; meeting with FM tomorrow

Jewellers' strike enters 20th day; meeting with FM tomorrow

Rediff.com5 Apr 2012

Jewellers remained firm over complete rollback of excise duty.

Windfall profit tax on crude oil hiked

Windfall profit tax on crude oil hiked

Rediff.com31 Oct 2023

The government on Tuesday increased the windfall profit tax on crude oil produced in the country and reduced the levy on exports of diesel. The tax, levied in the form of Special Additional Excise Duty or SAED, on domestically produced crude oil was increased to Rs 9,800 per tonne from Rs 9,050 a tonne, according to an official notification. SAED on the export of diesel was reduced to Rs 2 per litre from Rs 4 a litre and on jet fuel or ATF to nil from Rs 1, the notification said.

Govt can spend Rs 37,200-cr more and still meet deficit target

Govt can spend Rs 37,200-cr more and still meet deficit target

Rediff.com26 Aug 2015

The excise duty collection grew by 81 per cent in first quarter against the budgeted 21.7 per cent.

Tata Motors cuts prices of all vehicles

Tata Motors cuts prices of all vehicles

Rediff.com21 Feb 2014

The price reduction across passenger vehicles is in the range of Rs 6,300 to Rs 69,000.

Budget has no good news for pharma sector

Budget has no good news for pharma sector

Rediff.com1 Mar 2011

Excise duty on formulations has increased from 4 per cent to 5 per cent.

States to forego Rs 44,000 cr from VAT reduction on fuels

States to forego Rs 44,000 cr from VAT reduction on fuels

Rediff.com11 Nov 2021

The states will forego around Rs 44,000 crore of tax revenue after they reduced VAT on petrol and diesel in the reminder of the fiscal but higher central tax devolution of Rs 60,000 crore will offset the losses, according to a report. After months of calls for lowering the taxes on the fuels, the Centre on November 4 cut excise duty on diesel by Rs 10 a litre and by Rs 5 on petrol. Following this, as many as 25 states and Union territories have lowered value-added tax (VAT) on these fuels.

Most jewellers back to business after six-week stir

Most jewellers back to business after six-week stir

Rediff.com12 Apr 2016

Jewellery showrooms in Tamil Nadu and Andhra Pradesh were also opened.

For refineries it's marginal benefit

For refineries it's marginal benefit

Rediff.com27 Feb 2010

The hike in Custom and Excise duty on crude oil and petroleum products will be passed on by the refineries as well as oil marketing companies

What's next for AAP after Delhi rout

What's next for AAP after Delhi rout

Rediff.com9 Feb 2025

Whether AAP bounces back or fades into political oblivion will depend on its strategy in the coming months.

Brokerage BofA sees FY22 retail inflation averaging at 5%

Brokerage BofA sees FY22 retail inflation averaging at 5%

Rediff.com2 Jul 2021

Wall Street brokerage Bank of America Securities has pencilled in lower than the consensus retail inflation for the current fiscal year at 5 per cent, but higher than the previous forecast of 4.7 per cent. Stating that the June print will be critical for the future trajectory -- after the extremely high 6.3 per cent print in May, the brokerage in a report on Friday revised upwards its forecast by 30 bps to an yearly average of 5 per cent for the year to March 2022. "Though the June print will be critical for future trajectory, beyond near-term, we find some comfort from our analysis of four key factors that are likely to influence CPI inflation the most.