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.
Indians see West Asia as one uninterrupted wash of Islam, but the reality is more complex. For the Druze, support from Israel—where they are a recognised minority—is now critical.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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.