With relentless price hikes forcing Indian consumers to shell out more and more on fuel, expenses under various other heads are being crowded out. card spending data bears this out, said SBI’s Ecowrap report. As per June data, non-discretionary health expenditure came down significantly to make up for the burgeoning fuel bill. Not just health, … Read more
Stating that the issue of inflation and the rise in fuel prices will dominate the Parliament session beginning July 19, senior Congress leader Mallikarjun Kharge on Monday alleged the Centre had collected Rs 25 lakh crore through fuel tax but it is neither using this fund for the welfare of people nor giving it to … Read more
For better central-state relations, GoI would do well by recognising the need for a long-term solution and acting swiftly. Synopsis Despite the bold indirect tax reform of 2017, no consensus has been reached yet on including petrol and diesel within the goods and services tax’s (GST) ambit. Until fuel is included in GST, it will … Read more
The Uttar Pradesh government has no plans to decrease taxes levied by the state on fuels such as diesel and petrol, keeping in mind the requirement of funds and resources for strengthening medical facilities against the backdrop of Covid-19 as well as the developmental works being undertaken across the state, said chief minister Yogi Adityanath. … Read more