excise duty

Chennai, March 27 Asserting that the ruling DMK has fulfilled nearly 85 per cent of its 2021 election promises, compared to the previous AIADMK regime's implementation rate of less than 33 per cent, party legislator Ezhilan Naganathan defended the state government's track record on Friday, while...

New Delhi, March 27 – The Congress party said on Friday that the reduction in excise duty on petrol and diesel offers no real relief to ordinary people and accused the government of misleading the public with headlines suggesting a price reduction.The party stated that if people saw reports...

New Delhi, March 27 The Congress on Friday claimed that the government's excise cuts will not change prices for dealers and consumers, and that the relief exists only in the narrative, not in reality.The government has slashed excise duty on petrol to Rs 3 per litre and exempted diesel fully...

New Delhi, March 27 The government has reduced excise duty on petrol to Rs 3 per litre and exempted diesel from the duty, aiming to protect consumers from the impact of rising global crude prices amid the ongoing conflict in the Middle East.Global crude prices have increased by almost 50 per...

New Delhi, March 27 The government has reduced excise duty on petrol to ₹3 per litre and completely exempted diesel, aiming to help oil marketing companies like HPCL, BPCL, and IOC cope with rising global crude prices amid the Middle East conflict.The Finance Ministry, in a notification dated...

Bhubaneswar, March 26 The Odisha government on Thursday unveiled a new excise policy with a 'de-addiction' cess, increased licence fees, and a restructuring of the revenue mechanism.Unveiling the policy in the Odisha Assembly, Excise Minister Prithviraj Harichandan said that this policy will...

Chennai, March 15 A critical shortage of LPG is pushing micro, small and medium enterprises towards an operational crisis, the Association of Indian Entrepreneurs said, calling for urgent intervention by the central and state governments to prevent job losses in the sector.Association of...

New Delhi, March 12 – The government has approved a compensation of ₹30,000 crore for the fiscal year 2025-26 to public sector oil companies – Indian Oil, Bharat Petroleum, and Hindustan Petroleum – for supplying LPG at subsidized prices, the Parliament was informed on Thursday.The retail...

March 11, New Delhi – The Air India Group has announced a phased increase in fuel surcharges on its domestic and international flights, citing a steep rise in jet fuel prices due to the ongoing geopolitical situation in the Gulf region.Since early March 2026, aviation turbine fuel (ATF), which...

Jaipur, March 10 – Chief Minister Bhajanlal Sharma stated on Tuesday that a robust revenue system plays a crucial role in accelerating the state’s development and ensuring that the benefits of public welfare schemes reach the last person in society.He claimed that with this objective, the...

New Delhi, March 7 – The alcoholic beverage industry has given mixed reactions to Karnataka's sweeping excise reforms. Indian-made foreign liquor (IMFL) manufacturers have expressed caution about the proposed alcohol-in-beverage (AIB)-based duty structure, while beer manufacturers have hailed...

Bengaluru, March 7 – Karnataka Chief Minister Siddaramaiah announced sweeping reforms in the state’s liquor taxation and regulatory framework on Friday, including the introduction of a new alcohol-based duty structure, deregulation of price fixation, and technology-driven monitoring systems.He...

New Delhi, March 5 The Delhi excise department has collected ₹4,992 crore in revenue between April 2025 and January 2026, official sources said.Officials in the department expressed confidence that the government will meet its revised revenue target of ₹6,000 crore by March 31, the end of the...

New Delhi, February 22 The proposed excise duty waiver on biogas blended with compressed natural gas, coupled with a clear policy framework, can unlock potential investment of ₹1 lakh crore in the country, the Indian Biogas Association (IBA) said on Sunday.The government in the recently...

New Delhi, February 18 Shares of cigarette and tobacco product manufacturers ITC, Godfrey Phillips India, and VST Industries rallied by 20% on Wednesday, amid reports that the companies had raised cigarette prices to offset the recent increase in excise duties.Godfrey Phillips India's stock...