BJP says Congress govt imposing new taxes to increase revenues since funds are tied up in its 5 guarantee schemes which are expected to cost state estimated Rs 60,000 cr annually.
RBI's rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.
According to the govt, the Rs 6 a litre export duty on petrol was scrapped & the tax on export of diesel and jet fuel was cut by Rs 2 per litre each to Rs 11 and Rs 4 respectively.
PM Modi singled out Opposition-ruled states for doing ‘injustice’ to the people by not reducing fuel taxes. He also praised BJP-ruled states for following Centre’s recommendations.
The Congress leader attack came a day after the Lok Sabha was informed that the Centre's tax collections on petrol & diesel rose by 88% to Rs 3.35 lakh crore in the last fiscal.
Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Dubai airshow crash & pilot death have rekindled concerns over pilot safety, and need for smarter automated systems that can step in when G-forces, temporary loss of consciousness hit the pilot.
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
The choice between the (notional) revenue loss on the one hand and environmental and ergonomic impact of EVs has been made already. Hence, this study highlights is no new information, really. The EV program is largely a benevolent endeavour which will create much cheaper, sustainable transportation in the long run. The price paid now will be worth it.
The choice between the (notional) revenue loss on the one hand and environmental and ergonomic impact of EVs has been made already. Hence, this study highlights is no new information, really. The EV program is largely a benevolent endeavour which will create much cheaper, sustainable transportation in the long run. The price paid now will be worth it.
That means even subsidised EVs are costlier than ICEs. This is bad pricing on part of EV makers.