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Central excise duty on petrol and diesel cut, says FM Nirmala Sitharaman -Vikas Dhoot

-The Hindu The measures included a ₹8 reduction in central excise duty per litre of petrol and a ₹6 cut in the duty on diesel. Finance Minister Nirmala Sitharaman unveiled a slew of measures to rein in runaway inflation on Saturday evening, including duty cuts on petroleum products, a ₹200 subsidy on LPG cylinders for the poor and a rejig of import duties on plastic and steel products. A reduction in central excise...

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Petrol/Diesel Prices: Who is Responsible for Back-breaking Hikes? -Subodh Varma

-Newsclick.in The central government has raked in over Rs18 lakh crore from excise duties compared to Rs14 lakh crore from taxes by all state governments over the past eight years. Yet again, the government has tried to obfuscate the exorbitant petrol/diesel prices by blaming state governments. This time, it was the Prime Minister himself who blamed some Opposition-ruled states for not reducing taxes like the Value Added Tax (VAT) after the central...

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Demand for lower cotton prices is not justified -A Narayanamoorthy

-The Hindu Business Line The textile industry’s vociferous demands will hit cotton farmers, who are facing the brunt of rising costs The recent rise in the price of cotton yarn seems to have hit the textile manufacturers hard, so, a large section of participants involved in value chain products of cotton has called on the government to take measures to arrest the price rise. While demanding higher taxes on cotton exports, they have...

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Rights of the weak, duties of the powerful -Rajeev Bhargava

-The Hindu A complaint of undue emphasis on rights creates the suspicion that citizens are being disempowered Rights and duties are conceptually linked to one another. There are no rights without duties. If a person has the right to something, it necessarily implies that someone else has a corresponding duty to ensure that it is not violated. For example, if an individual has a right to free speech, then it is the...

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Show commitment to equity in the Budget -Aruna Roy and Nikhil Dey

-The Hindu The Government needs to stop India’s avalanching slide into a grossly divided society, made worse by the pandemic On January 17, 2022, Oxfam International presented its annual global “Inequality Report”. Titled Inequality Kills, the report calculated and presented the quantum growth in wealth of a minuscule few, and the simultaneous impoverishment of millions of working people. During the novel coronavirus pandemic, the report reveals, more than half the world’s new...

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