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Union Finance Minister Arun Jaitley addressing media after the 22nd meeting of the Goods and Services Tax (GST) Council, in New Delhi. (Photo: PTI)

12, 18 per cent GST rates to be merged; luxury items in 28 per cent...

Merging of 12 and 18 per cent slab mean some items in 12 per cent bracket will be sent to 5 per cent.

30 Nov 2017 1:18 PM

Fiscal deficit for the financial year 2016-17 is budgeted at 3.5 per cent.

Fiscal deficit shows improvement in Q1 on higher revenue

The fiscal deficit target for the current financial year is Rs 6.24 lakh crore.

31 July 2018 11:48 AM

Economic Affairs Secretary Subhash Chandra Garg. Photo: PTI

Govt manages to meet revised fiscal deficit target of 3.4 pc of GDP

Revised target has been met with help of expenditure savings and other measures including rollover of fuel subsidy, said...

10 April 2019 9:37 AM

GST collections in June at Rs 90,917 crore. (PTI Phoá¹o)

GST revenue collection for June stands at Rs 90,917 crore

Government allowed a relaxed time schedule for filing of GST returns. Returns of the month of April, March and February...

1 July 2020 8:43 AM

Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges. (PTI Photo)

AA Edit | High fuel prices point to a much deeper malaise

The revenue in 2020-21 to the union govt from levies on petrol and diesel was Rs 3,89,622 crores, up from Rs 2,39,452...

17 Aug 2021 8:22 PM

The Cabinet on Wednesday approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.

Govt rules out excise duty cut as petrol, diesel prices hit fresh high

Petrol and diesel prices on Tuesday touched fresh highs as rupee dipped to a record low of 71.54 against US dollar.

4 Sept 2018 12:16 PM