Radico Khaitan refutes CAG report on excise duty underpayment
CAG report alleges understatement of consumption of input excise material involving excise revenue of ₹1,078.09 crore
excise duty
August 2023
October 2022
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November 2021
Petrol, diesel prices to rise after OPEC oil production cut
OPEC Plus – a grouping of 23 oil-rich countries -- is meeting in Vienna on Wednesday to discuss a major production cut for the first time since March 2020.
Fiscal deficit for Apr-June at 3.5 lakh cr; 21% of FY23 target
June fiscal deficit at ₹1.48 lakh cr. During April-March last year, fiscal deficit was ₹2,74,245 cr, 18.2% of FY22 target
Inflation to have negligible impact on poverty in India: FM
Sithraman cites latest UNDP report saying targeted transfers help poorer households cope with price spikes
Fuel duty cuts will contain inflation, worsen fiscal balance: Nomura
Nomura says the impact of fuel excise duty cut is not enough to change their CPI inflation projection for FY23, but its impact on fiscal deficit is more certain.
Centre to bear burden of excise duty cut on petrol, diesel: Nirmala Sitharaman
Basic excise duty which is shared with states has not been touched, says FM.
Brent crude over $100 will cost India ₹1 lakh crore next fiscal: SBI
The Brent crude price topped $105 a barrel after Russia launched its full-scale invasion of Ukraine.
Behind the rise & fall in vegetable prices
Rising vegetable prices have hit household budgets hard. Centre's panicky excise cut following a drubbing in state by-polls has brought some relief, but for how long?
Relook at oil taxation possible: Sitharaman
Oil prices a major concern, relook at taxation possible, says finance minister.
