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.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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.