-The Economic Times The Rae Bareli seat in Uttar Pradesh has been a Gandhi family bastion since 1967 when Indira Gandhi first stood for election from there. Sonia Gandhi adopted the constituency in 2004 and was re-elected with a huge majority in 2009. It should, therefore, be one of India's most developed districts. Right? Wrong. The Hunger and Malnutrition, or HUNGaMA, survey, released by the Prime Minister earlier this year, was...
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‘Fuel consumption rising mainly due to poor roads'-K Balchand
Amidst the raging politics on petroleum pricing, a report has established that the country was losing Rs. 87,500 crore because of poor roads and tolling systems annually. The figure gains significance against the backdrop of desperate attempts by the Union government to curb the subsidy outgo on petroleum products that puts a drain of about Rs. 1.38 lakh crore on the exchequer. Going by the report, prepared by IIM-Calcutta on behalf of...
More »Increase duty on diesel cars up to Rs 2.5 lakh: Jaipal Reddy-Sanjay Dutta
If the government accepts oil minister S Jaipal Reddy's proposal, the price of small diesel cars could soon rise by Rs 1.7 lakh while medium-to-large guzzlers could become costlier by Rs 2.55 lakh a piece. The proposal to impose additional excise duty on diesel cars is bound to trigger protests from automakers, who have seen sales growing at the slowest pace in seven months in May. Domestic car sales declined 24%...
More »Excise levy may be raised on diesel cars-Amrit Raj
Finance ministry asks automobile sector to submit a report on the impact of such a move within a week’s time The government appears to have made up its mind to increase excise duty on diesel cars to neutralize the advantage of the state subsidy that has prompted motorists to increasingly favour vehicles powered by the fuel that’s Rs.30 a litre cheaper at the pump than petrol. Indications that the government is leaning...
More »High-level meet to discuss tax on diesel cars-Amrit Raj
A day after the Central Board of Excise and Customs (CBEC) said finance minister Pranab Mukherjee was considering an increase in excise duty on diesel cars, a consensus seems to be building within the government, with the oil ministry supporting the move. Following this, key stakeholders involved in taking a decision on increasing excise duty on diesel vehicles are likely to meet on Wednesday, according to three people, including a top...
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