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Tamil Nadu Finance Minister Palanivel Thiaga Rajan on Thursday urged the Centre to remove cesses and surcharges on petrol and diesel revert to the 2014 rates, an act which is fair and simple."We have repeatedly urged the Union government ...
Tamil Nadu Finance Minister Palanivel Thiaga Rajan on Thursday urged the Centre to remove cesses and surcharges on petrol and diesel revert to the 2014 rates, an act which is fair and simple.
India's Union Budget 2022-23 indicates the government's intention to use capex to serve as a booster for the economy. We outline key announcements.
Rubik's Cube Of Petrol, Diesel Pricing Crowded Petrol Station (Photo by Mujeeb Faruqui/Hindustan Times via Getty Images) Snapshot Explained thus is why fuel prices are rising in India and why it is not in the government's interest to reduce taxes on petroleum products. The steady rise in petrol and diesel prices with the petrol retail price crossing Rs 100 in some cities has put the spotlight again on a recurrent subject. This beckons an attempt to marshal some relevant facts. India is the third biggest energy consumer after China (about four times Indiaâs consumption) and USA (about...
Credit: Shutterstock/> The 15th Finance Commission submitted its final report in November 2020 and the government tabled it in the parliament February 1, 2021, along with Budget 2021. It also submitted an explanatory memorandum containing its responses to the recommendations of the 15th Finance Commission (FC). The Government of India accepted the FC’s recommendations with respect to local governments, including municipalities (also known in government parlance as urban local bodies). The 15th FC allocated grants of Rs 1.55 lakh crore to municipalities, with the following distribution. [see...