Leading carrier British Airways has posted a loss of 401 million pounds for the year ended March 31, 2009, reportedly its biggest loss in more than 20 years, primarily hit by reduced passenger numbers and high fuel prices.
Aerated drinks, mineral water, travel packages, coaching classes and beauty parlour services might also cost more
Banking services, insurance premium and investment management are likely to cost more.
Steep taxes on petrol and diesel add to the cost of economic activity and reduce the Indian economy's competitiveness. The two fuels must be brought under GST's purview, suggests former IAS officer Ajay Shankar.
You will have to plan it in advance to bag good deals and save at the same time
The new tax regime has also been fuelling sale of SUVs, particularly the compact SUVs
Hyderabad-based Turbo Megha Airways takes off, promising affordable fares and other benefits.
While previously selling of the marketing business, possibly to another state-owned firm, was being considered, the government is now mulling on hiving off the pipelines into a separate entity and selling off a majority stake in it.
The two leaders are expected to make brief remarks at the top of the meeting.
Faced with high Air Turbine Fuel (ATF) prices fuelled by rising international crude prices and a higher levy of sales tax, air-carriers are considering ATF imports as an alternative to purchases from domestic oil companies.
The World Bank on Wednesday cut India's economic growth projection to 6% for the current fiscal from 6.9% estimated earlier and blamed the slow down on corruption scandals and a host of policy issues including uncertainty in tax policies.
Inflation, which has been at high levels, is also a key challenge for the country, Thomas J Richardson, the IMF's Senior Resident Representative in India and Nepal, said in New Delhi on Wednesday.
Maruti, which is majority owned by Suzuki Motors of Japan, pays massive tax, generates huge employment (its staff are almost entirely Indians) and also makes its investors extremely rich. JLR, on the other hand, though owned by Tata has its factories in England and China and in every way (sales, employment, technology) has nothing Indian about it.
The chief minister, however, justified the steep hike saying oil companies were incurring huge losses and the hike was necessary. She was on a private visit to Jammu.
Govt may grant infrastructure status to the aviation industry to enable it to access finances at cheaper rates
The GST bill's draft says tax would be levied on Maximum Retail Price
When oil prices collapse from $110 to $45, economic agents in India experience a large income windfall.
Earlier in April, the price was reduced by 85 paise per litre.
Introduced in 2015 under the Foreign Trade Policy, the mega MEIS was created out of a merger of five existing reward schemes.
Direct tax collection target set for a big hike, says Chidambaram.
Petrol price was on Monday cut by 85 paise per litre with effect from midnight tonight, the second reduction in rates in two weeks.
Petrol price has been reduced by about Rs 2 per litre, in line with falling international oil rates.
The minister, in an eight-page open letter to farmers, said the Modi-government was committed to their welfare and stressed that the new legislations were aimed at benefitting small and marginal farmers.
The airline's accounts are yet to be audited.
A government official said out that with hardly any economic activity, an immediate duty hike will not be productive and could be announced once the lockdown eases and demand revives.
The Union petroleum minister has assured the petroleum dealers that he would discuss with the Maharashtra government to bring sales tax rates at par with neighbouring states.
Consumers should be given freedom to make a logical choice, and manufacturers enough leeway so that they can produce what the consumer wants.
IOC urged the government to cut excise duty by Rs 8 (the current revenue loss) to Rs 6.78 per litre. It also demanded a cut in state-level taxes.
The country saw two straight years of deficient monsoons.
With vast disparity in fuel prices, the demand for diesel cars had reached upto 85 per cent and petrol cars had come down to 15 per cent, which otherwise usually remained at 50:50 per cent levels in India.
CSE supports the tax hike on big cars and SUVs but says Budget is incomplete, as it has failed to take steps to stop misuse of diesel fuel subsidy by cars.
'The day I took charge, the PM told me you do the following -- stop imports, talk to all stakeholders and involve them to make mining more industry-friendly without affecting the environment.'
Jet Airways in which Abu Dhabi's Etihad is buying a stake, reported its worst quarterly loss on record as carriers in Asia's third-biggest economy battle high fuel costs and taxes.
Economists on Saturday urged Finance Minister P Chidambaram to give a "big push" to the economy by stepping up investment in agriculture and infrastructure besides rationalising taxes, introducing value added tax
With this increase, diesel prices have touched a record high while petrol is at a 56-month peak.
While the November 2017 round of rate revisions saw mainly eating joints unwilling to pass on GST benefits, this time round, sanitary napkin makers, TV manufacturers and even paint companies have said passing on GST benefits is not a feasible exercise.
Lowering excise duty on petrol, diesel, and other fuels, branded fuels.
Two decisions by an empowered group of ministers on Tuesday demonstrated the government's continuing inability to come to grips with the problems being faced by the aviation sector.
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