States have refused the central government’s appeal to bring petroleum products under the ambit of Goods and Services Tax (GST) even as prices of petrol and diesel continue to skyrocket in contrast to global standards.
Consumers will continue to pay higher taxes on petrol and diesel as the government has no plans to lower the excise duty on fuel.
Giving a big boost to energy conservation, the Finance Ministry has issued guidelines for mandatory installation of energy efficient appliances in all central government buildings in the country.
Despite the rising imports of solar equipment from China, the Finance Ministry has turned down a Rs 20,000-crore plan to support the local solar equipment manufacturers with incentives and subsidies.
British oil firm Cairn Energy plc has accused a senior finance ministry official of “privately” advising billionaire Anil Agarwal-led Vedanta Group to withhold its dividend income for a potential squaring off of a retrospective tax liability.
Railways minister Suresh Prabhu on Wednesday said that he himself had volunteered for the clubbing of the railways budget with the general budget
India toppled Japan as the world’s second-largest importer of liquefied petroleum gas as Prime Minister Narendra Modi’s pledge to provide cooking gas
The bullet train project that involves the construction of a 508km-long high-speed rail corridor between Mumbai and Ahmedabad, is on track, Railway Minister Suresh Prabhu has said
Union Minister Nitin Gadkari on Monday said the National Highways Authority of India (NHAI) should have more powers to fast-track road projects while expressing unhappiness over its overall performance. Gadkari said a proposal to enhance NHAI powers has already been sent to the Cabinet for approval. “We need to move on fast in NHAI. I […]
The Railway Ministry has stepped up capital expenditure under the NDA government, said Railway Minister Suresh Prabhu.