Most states now levy greater tax on petrol than the central government, without having to share the subsidy burden. After last week’s increase in prices, state sales tax/VAT on petrol is more than central excise in most cases. The central government levies a fixed excise duty of Rs 14.78 on every litre of petrol. But, states levy an ad valorem tax which, in absolute terms, increases with every price increase of...

Eminent journalist Dileep Padgaonkar who headed the group of three Central interlocutors for Jammu and Kashmir said on Thursday that the thrust of their report was to empower the people of Jammu and Kashmir so that they were able to exercise their civil and political rights in full measure. The 176-page report of the group of Central interlocutors was uploaded on the website of Union Home Ministry on Thursday, seven months...

-PTI West Bengal Chief Minister Mamata Banerjee on Friday lost her cool and stormed out of an interactive TV session here when members of audience asked her about the arrest of a professor for forwarding a cartoon lampooning her. "It is not a cartoon. We love the cartoon. Cartoon is a different thing. He is a CPI (M) man, He misused the e-mail of his society people without their consent. He forwarded...

Cabinet clears change in divorce law: Women to get part of husband’s property In a move that could be a setback to land acquisition for commercial use, a parliamentary committee unanimously recommended that the government should not acquire land for industrial, commercial or for-profit enterprises or private companies. Instead, the panel, which has proposed legislation favouring landowners, recommends that private companies and public-private partnerships would have to buy land in the open...

Even as the government races against time to procure enough jute bags to store grains in the face of record procurement , gunnysack traders are saddled with massive unsold stocks. A look at the godowns of some traders in the national capital alone shows there is no shortage of jute bags in the country. While the central government has placed an order for four lakh jute bags to be imported from...