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Petroleum ministry has been demanding to bring petrol and diesel on GST to give relief to consumers from high prices.Business
Govt rules out excise duty cut as fuel prices hit fresh high

A one rupee per litre cut in taxes would result in revenues being hit by Rs 30,000 crore on an annualised basis.

11 Sept 2018 8:42 AM IST

Previous studies show early exposure to complex foreign proteins, such as cows milk proteins, increases the risk of type 1 diabetes. (Photo: Pixabay)Business
Govt hikes duty incentives for exports of 28 milk products

MEIS benefit for certain items have been enhanced to 20 per cent from the current 10 per cent.

29 Sept 2018 10:23 AM IST

The retail prices of diesel and petrol are the lowest in Delhi, among Indias key metropolitan cities. (Representational Images)Business
Petrol prices rule high as govt stubborn on fiscal target

Centre collected a staggering Rs 2,29,019 crore as excise revenue from the petroleum sector in FY18.

18 Sept 2018 10:53 AM IST

\The current level of international product prices of petrol and diesel and Rupee-US Dollar exchange rate warrant increase in selling price of petrol and decrease in selling prices of diesel.Business
Govt collects over Rs 2 lakh cr from levies on petrol, diesel

The excise levy on petrol earned Rs 64,509 crore and while that on diesel garnered Rs 1,37,426 crore.

31 March 2017 7:06 PM IST

A landmark Australian law on restricting tobacco use has been upheld at the World Trade Organisation.Business
Revenue Dept removes excise duty on cigarette, tobacco

Revenue department also rescind central excise notification dated February 27, 2010.

3 July 2017 5:44 PM IST

The GST Council cleared nil rate on live asses, mules and hinnies while placing live horses under the 12 per cent bracket.Business
One Nation, One tax: GST explained

Tax system will be implemented with the purpose of levying a single indirect tax across the nation

1 July 2017 12:02 PM IST

Steel productionBusiness
India imposes anti-dumping duty on some steel products

Anti-dumping steps are taken to ensure fair trade and provide a level-playing field to the domestic industry.

15 May 2017 5:22 PM IST

ITC may be able to pass GST benefit to customers by lowering prices (Representational Image).Business
ITC may cut prices post GST, abolishing of additional excise duty

With GST rollout, only the national calamity duty, GST and cess will be levied on cigarettes.

4 July 2017 12:21 PM IST

Despite Opec sticking to its pledge to cut, inventories have continued to rise.Business
Fuel prices may dip on global cues

Indian basket of crude oil fell from around $ 55 a barrel on March 1 to $ 50 per barrel on Monday.

15 March 2017 4:40 AM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.Business
Tax dept to start consultation on changes in Customs Act

Changes have also been proposed relating to the payment of duty and interest.

19 Feb 2017 12:35 PM IST

The daily change in prices of petrol and diesel across the country follows the success of a pilot implementation in five cities.Business
Govt under pressure to cut excise duty on auto fuels: Icra

Brent prices have jumped 40 per cent to around USD 67 per barrel this month from USD 48 in November 2016.

29 Dec 2017 3:44 PM IST

India imported 8.7 million tonnes of LPG in 2015-16 and 4.66 million tonnes in first half of current fiscal.Business
Daily use products, LPG to become cheaper under GST

The Council is scheduled to meet on June 18 to finalise e-way rules and anti-profiteering norms.

16 Jun 2017 10:02 AM IST

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