-The Business Standard Interim Budget's partiality to sports utility vehicles The interim Budget's decision to cut the excise duty on sports utility vehicles, or SUVs, from 30 per cent to 24 per cent will certainly benefit car makers (they have already reduced their price tags), but it raises some pertinent questions. Last year, while presenting the Budget for 2013-14, Finance Minister P Chidambaram had raised the duty on SUVs from 27 per...
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E-Rickshaws Soon on Kolkata Streets
-Outlook Kolkata: Providing a cheaper and eco-friendly alternative to auto-rickshaws, new e-rickshaws which runs on electric batteries was launched here today. Categorised in between a pedal rickshaw and an auto-rickshaw, the battery-operated e-rickshaws can run upto a speed of 25 km per hour and can accommodate around 4-5 passengers. "It is a zero emission vehicle and while running the engine produces no sound," Zafar Faridi, CEO of Dianzi rickshaw, told reporters after the...
More »Govt decides to raise LPG cap after Rahul cue
-The Times of India NEW DELHI: The government on Friday decided to raise the annual cap on the number of subsidized cylinders per household to 12 from nine after Congress vice-president Rahul Gandhi gave a cue at the AICC session, saying the present ceiling was inadequate for households. Confirming that the cap would be raised, oil minister M Veerappa Moily told reporters that a proposal would be taken to the Cabinet shortly....
More »Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of December, 2013
-Press Information Bureau The official Wholesale Price Index for ‘All Commodities' (Base: 2004-05 = 100) for the month of December, 2013 declined by 1.3 percent to 179.2 (provisional) from 181.5 (provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 6.16% (provisional) for the month of December, 2013 (over December, 2012) as compared to 7.52% (provisional) for the previous month and 7.31% during the corresponding month...
More »‘Convenient accounting’ of subsidies to hit new Govt-Puja Mehra
-The Hindu Move to push this year's expenditure to next fiscal is intended to keep the fiscal deficit within target The Finance Minister of the next government post-elections will have to pay the price for the United Progressive Alliance's (UPA) subsidy and social spend. The Finance Ministry plans to book in next financial year, 2014-15, the expenditure that will be incurred on subsidies during the remaining months of the current fiscal (January-March). ...
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