Thursday, 6 October, 2022
TopicExcise

Topic: excise

Modi govt won’t borrow extra this year to fund tax cuts, inflation target to stay at 4%

The cut in excise duty last week, coupled with an increase in fertiliser and food subsidies, is expected to cost the exchequer around Rs 3 lakh crore in the current financial year.

Under fire for spiraling inflation, Modi govt announces excise duty cut on fuels, LPG subsidy

It has also decided to enhance the fertiliser subsidy for farmers, and reduce import duty on some raw materials. ‘It is always people first for us!’ tweets prime minister.

‘Excise trouble, goons’: IFB Agro approves Rs 40 cr poll bonds to ease doing business in Bengal

IFB Agro has hinted at being intimidated in the past as well. It had also claimed that it had approved political contributions of up to Rs 25 cr in 2021-22.

‘Those who drink don’t lie’: MP district to sell you booze after 2 Covid jabs but no proof needed

District Excise Officer in Madhya Pradesh's Khandwa has directed liquor stores to sell alcohol only to those who have received both Covid shots. But buyers need not show vaccine certificate.

Delhi govt to earn Rs 10,000 crore revenue under new excise policy, Sisodia says

Delhi Deputy CM Manish Sisodia also said that AAP govt made 41% less revenue last year due to Covid pandemic and has earned 23% less in the current financial year.

How MP Excise Act systemically targets SC, ST, Vimukta communities

Researchers for CPA project analysed 540 FIRs and 5.62 lakh arrests under MP Excise Act to find the continuation of the colonial legacy of branding certain communities as ‘criminal tribes’.

Calcutta court awards life imprisonment to main accused in 2011 Bengal hooch tragedy

Khora Badshah's sentence was based on the complaints filed in connection with 64 out of 172 deaths caused by the incident. Seven other co-accused were acquitted for lack of proof.

Modi govt’s excise collections on petrol, diesel jump 88% in FY21

MoS for Finance Pankaj Choudhary informed the Lok Sabha that total excise collections in April-June this year stands at Rs 1.01 lakh crore.

Petrol price crosses Rs 100/litre mark in Leh, Andhra Pradesh, Telangana after latest hike

Petrol price was increased by 27 paise per litre and diesel by 28 paise a litre in the 18th hike in the last one month, taking fuel prices across the country to a historic high.

After Delhi’s ‘special corona fee’, many states hike liquor prices for much-needed revenue

The hike in liquor prices have resulted in a massive fiscal boost for states like Rajasthan, West Bengal and Uttar Pradesh.

On Camera

YourTurn

The BMW i4 eDrive40. Photo Credit: BMW

Ukraine crisis gave auto sector a crude shock. See how India is responding

The PLI scheme as well as other sops for manufacturing, show that despite some public missteps, government is trying to coax manufacturing into India.

Indian refiners scout for oil deals ahead of EU ban on Russian crude imports

European Union ban on Russian crude imports from 5 Dec will drive European refiners to buy more Middle East oil, putting them in competition with Asian buyers.

Defence

File photo of a BrahMos firing by a Su-30 MKI | Credit: IAF

IAF to increase Sukhois armed with BrahMos supersonic cruise missile with over 500km-range

The IAF currently has 40 SU-30 MKI with BrahMos, the only supersonic cruise missile in the world.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.
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