Former Karnataka chief ministers H D Kumaraswamy and Dharam Singh could be next to face corruption charges, threatening to complete the political triangle over graft in the state with BJP's B S Yeddyurappa already facing a probe for illegality in grant of mining leases and land scams. The Lok Sabha secretariat has turned down a request from a private individual seeking sanction for prosecution against former PM H D Deve Gowda's...
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Most states now tax petrol consumption more than Centre-Ajay Modi
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...
More »Part rollback of petrol hike likely by end-May
-The Times of India Minutes after the Congress demanded relief from the steep hike in petrol price, state-run oil marketers on Thursday indicated they could reduce the price by the month-end if the rupee and international oil prices held steady. "Current trend indicates that prices can come down," IndianOil chairman R S Butola said. He was speaking just after Congress publicly asked for a reduction in the hike. "We are genuinely sensitive to...
More »Oil companies, state govts step in to douse petrol fire-Anupama Airy & Aurangzeb Naqshbandi
A day after the steepest ever petrol price hike of Rs. 7.54 sparked protests by UPA allies and Opposition parties in several parts of the country on Thursday, there were strong indications that the government would cushion the blow for the common man. Petrol prices may come down by Rs. 3-4 a litre in the next few days as state governments readied plans to slash local taxes and oil companies...
More »Sonia against red beacons for MPs
-The Hindustan Times Congress president Sonia Gandhi on Tuesday vetoed the party MPs demand for being given the right to sport red beacons atop their vehicle. Coinciding with the third anniversary of UPA II, Gandhi voiced her opposition to the move at a meeting of the executive body of the Congress Parliamentary Party (CPP). Senior leader PC Chacko had raised the issue, saying even Members of the Legislative Assembly (MLAs) used these...
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