Which entrepreneur would willingly part with her or his hard-earned money for grasping, self-serving politicians? asks Debashis Basu.
On the back of robust tax collection, the ratio of direct taxes to gross domestic product (GDP) this financial year is likely to be the highest in this century so far. This, along with strong goods and services tax (GST) collection, may drive up receipts from central taxes as a proportion of GDP to the highest level or close to the highest since 2008-09 despite subdued excise and customs duty receipts. This will be due also to lower nominal GDP projected in the first advance estimates for 2023-24.
A day after being granted bail by the Supreme Court in the Delhi excise policy case, AAP MP Sanjay Singh walked out of Tihar jail on Wednesday and said it was not a time to celebrate but struggle as scores of party workers gathered to greet him.
The Enforcement Directorate (ED) has filed its first chargesheet in connection with a money-laundering probe linked to alleged irregularities in the Delhi Jal Board (DJB), official sources said on Saturday.
The atmosphere was jubilant at Aam Aadmi Party MP Sanjay Singh's residence in New Delhi on Tuesday as supporters with 'dhol and nagada' gathered outside his house to celebrate the Supreme Court granting bail to him in the liquor 'scam' case.
The case relates to alleged wrong classification of mixed xylene
The income-tax department continued its searches in different places linked to an Odisha-based distillery group on charges of tax evasion for the sixth consecutive day on Monday after recovering unaccounted cash to the tune of Rs 353 crore, the 'highest-ever' haul in a single action by any probe agency in the country, officials said.
About 10 premises in the national capital are being covered as part of the raids.
This is being done to make grounds for medical bail, the ED told the court
Delhi Chief Minister Arvind Kejriwal on Thursday did not appear before the Enforcement Directorate for questioning in a case linked to the now scrapped Delhi excise policy and wrote to the central agency demanding the "recall" of its summons to him, calling it "vague, motivated and unsustainable in law".
A bench of justices Sanjiv Khanna and Dipankar Datta told Additional Solicitor General SV Raju, appearing for the Enforcement Directorate, that the hearing on Kejriwal's plea against arrest is likely to take time and therefore, the court was considering hearing the probe agency on interim bail to him.
State-owned fuel retailers are losing close to Rs 3 per litre on selling diesel while the profit on petrol has trimmed due to recent firming up in international oil prices, industry officials said detailing reasons for continuing to hold retail prices. Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), who control roughly 90 per cent of India's fuel market, 'voluntarily' have not changed petrol, diesel and cooking gas (LPG) prices for almost two years now, resulting in losses when input cost was higher and profits when raw material prices were lower.
Net direct tax collection in the eight months of the current fiscal touched 58.34 per cent of Budget Estimates (BE) at Rs 10.64 lakh crore. The net tax collection for April-November stood at Rs 10.64 lakh crore, which is 23.4 per cent higher than the corresponding period of last year, the ministry of finance said.
The Aam Aadmi Party on Sunday said Tihar authorities were 'lying' about specialist doctors examining Delhi Chief Minister Arvind Kejriwal, while his wife Sunita Kejriwal alleged that he was being denied insulin for diabetes as 'they want to kill' him.
Stating that the police had "reliable inputs" that Anwar "may have been murdered", Akhilesh Chaturvedi, IG, CID, said that the police were yet to recover the victim's body.
The BJP stood fourth in (the 2022) Punjab (assembly elections) after AAP, Shriomani Akali Dal and Congress. The question is why did Rinku join the BJP. His tenure as Lok Sabha MP has also ended. The BJP will also come fourth in the Jalandhar Lok Sabha polls
A one rupee per litre cut in taxes would result in revenues being hit by Rs 30,000 crore on an annualised basis.
India is the second largest buyer of Iranian crude, after China.
Polling is scheduled in all 13 seats of Punjab and four of Himachal Pradesh, 13 constituencies in Uttar Pradesh, nine in West Bengal, eight in Bihar, six in Odisha and three seats in Jharkhand besides Chandigarh.
According to an Andhra government statement, Naidu 'reposed confidence' in the PM's leadership.
As many as 379 cases of central excise duty evasion were registered in 2013-14.
Kejriwal has been asked to be present at the agency headquarters at 11 am to answer queries of the investigating team.
A group of lawyers, including senior advocate Harish Salve and Bar Council of India chairperson Manan Kumar Mishra, has written to the Chief Justice of India, alleging that a "vested interest group" is trying to put pressure on the judiciary and defame courts "on the basis of frivolous logic and stale political agendas".
Police have detained the father of a 17-year-old boy allegedly involved in a car accident that killed two persons in Maharashtra's Pune city, an official said on Tuesday.
Officials said the agency may ask the chief minister about the policy formulation process especially of the "untraceable" file which was earlier slated to be put before the Council of Ministers.
Pune Police on Monday said they will seek a higher court's permission to try as an adult a 17-year-old boy whose car allegedly knocked down and killed two persons in Kalyani Nagar area in Pune.
The judge noted that following an earlier court order, the official concerned of Rouse Avenue District Courts premises had brought the CCTV footage of May 23 pertaining to production of Sisodia before the court in the case.
Normal or unbranded diesel currently attracts basic excise duty of Rs 1.46 a litre and an additional excise duty of Rs 2 per litre.
Software giant Microsoft's representatives will soon meet finance ministry officials trying to persuade them to impose excise or countervailing duty instead of service tax on packaged software.
Delhi Chief Minister Arvind Kejriwal on Sunday said the Central Bureau of Investigation (CBI) asked him around 56 questions on the excise policy case and that he answered them all.
In a five-minute video message on Twitter, Kejriwal said he would truthfully and honestly answer questions posed by the CBI in the excise case as he has nothing to hide.
Kejriwal was issued the ED summons last week for the fourth time after he skipped summons thrice earlier.
West Bengal Chief Minister Mamata Banerjee on Saturday accused NIA officials of attacking villagers in Purba Medinipur district, the BJP hit back at her saying that the attack on the NIA officials is Sandeshkhalli 2.0 orchestrated by the state.
Taking both direct and indirect taxes, the gross collection is expected to grow 10.45 per cent to Rs 33.61 trillion in 2023-2024.
The Delhi high court on Friday sought the Enforcement Directorate's stand on a plea by Aam Aadmi Party leader Sanjay Singh against his arrest in a money laundering case related to alleged irregularities in the now-scrapped Delhi excise policy.
Petrol and diesel will cost Rs 2 a litre less from Wednesday after the first excise duty cut by the Modi government comes into effect.
Atishi along with Saurabh Bharadwaj was inducted into the cabinet following the resignation of Manish Sisodia and Satyendar Jain after their arrest.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances