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.
According to a report by Macquarie, India’s data centre market is estimated to double by 2027. India currently has 1.4 gigawatts of operational data centre capacity.
At 11th edition of Indo-Pacific Regional Dialogue in New Delhi, Navy Chief Admiral Dinesh K Tripathi said there are three major currents shaping this maritime 'dynaxity'.
On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.
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.