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"Subsidies Need Not Be Cut For Fiscal Discipline": Nirmala Sitharaman Exclusive
The Narendra Modi government does not believe in empowering people throught their schemes and subsidies and not entitling them, Finance Minister Nirmala Sitharaman told NDTV, in her first post-budget interview to a private channel.
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British Steel May Cut 2,000 Jobs In Move To "Greener" Technology: Report
British Steel is preparing to axe up to 2,000 jobs as part of a cost-cutting programme, according to a report, even as its Chinese owners seek large subsidies from the UK government.
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"Rakhi Gift": Centre Announces Rs 200 Subsidy On Cooking Gas
In an important move ahead of polls in five states as well as the Lok Sabha elections, the Union Cabinet has announced a subsidy of Rs 200 on all domestic LPG cylinders.
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EV Makers Body Writes to NGT for Green Tax on Fuel-Based 2-Wheelers
Society of Manufacturers of Electric Vehicles on Tuesday said it has petitioned the National Green Tribunal (NGT) expressing concerns against the government's move to cut FAME II subsidy and support a 'Green Tax' on fuel-based two-wheelers. The Ministry of Heavy Industries' latest decision to cut down FAME II subsidies is likely to disrupt India's ...
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Centre Revises Gas Procurement Policy For Fertiliser Firms To Cut Costs: Report
The government expects to cut its fertiliser subsidy bill by up to 240 billion rupees if the fifth of companies' supplies is bought through bilateral contracts orgasexchange, said one of the government officials,
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UK To Reverse "Almost All" Tax Cuts, Retain Energy Support
New British finance minister Jeremy Hunt on Monday reversed nearly all of Prime Minister Liz Truss's mini-budget that had sparked market turmoil, and reined in a vast energy subsidy plan, saying the country needed to rebuild investor confidence.
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US Inflation Reduction Act Could Help Cut Chinese Battery Metals Ties: Details
The US Inflation Reduction Act (IRA) is set to be signed into law by US President Joe Biden today. The law that is designed to increase green investment, comes at a price. It extends and expands the existing electric vehicle (EV) subsidy of up to $7,500 (roughly Rs. 5,94,800) but conditions the tax credit on the sourcing of the mineral content of...
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No Train Subsidy For Elderly, Crores For MPs, Show Centre's Records
While MPs enjoyed crores in free and discounted train tickets, the Indian Railways has been refusing concessions to senior citizens citing the need to cut its subsidy bills, documents accessed under the Right to Information (RTI) Act show.
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Electric Cycles Brand Hero Lectro To Cut Prices Of Five Products In Delhi
Hero Lectro, the electric cycles brand of Hero Cycles Ltd, on Monday said the prices of its five products will be reduced by up to Rs 15,000 in Delhi, following the inclusion of e-cycles to be eligible for subsidy and tax exemption under the EV policy.
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No Further Fuel Excise Duty Cut To Help Government Meet Fiscal Deficit Target: Report
Government can meet the fiscal deficit target of 6.4 per cent for 2022-23 if there are no excise duty cuts to lower high oil prices
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Government To Spend Additional Rs 2 Lakh Crores To Check Inflation: Report
Government is considering spending an additional Rs 2 lakh crores ($26 billion) in the current fiscal to cushion consumers from rising prices
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Fuel Price Excise Duty Cut Burden Entirely On Central Government, Says Finance Minister
Finance Minister Nirmala Sitharaman on Sunday said that excise duty reduction has entirely been made in road and infrastructure cess
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Ujjwala Yojana Beneficiaries To Get Subsidy Of Rs 200 On Cooking Gas Cylinders
More than 9 crore beneficiaries of Pradhan Mantri Ujjwala Yojana will now get a subsidy of Rs 200 per gas cylinder (for up to 12 cylinders)
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What Petroleum Minister Said On Fuel Prices Cut, Subsidy On Gas Cylinders
Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Saturday thanked the Centre for the visionary decision of reducing Central excise on petrol and diesel and said that it underlines PM Modi's unwavering commitment.
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Nirmala Sitharaman Urges States To Reduce VAT On Fuel After Excise Duty Cut
Finance Minister urged all state governments, especially those which had not reduced excise duty on November 4, 2021, to also implement a similar cut
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"Subsidies Need Not Be Cut For Fiscal Discipline": Nirmala Sitharaman Exclusive
The Narendra Modi government does not believe in empowering people throught their schemes and subsidies and not entitling them, Finance Minister Nirmala Sitharaman told NDTV, in her first post-budget interview to a private channel.
-
British Steel May Cut 2,000 Jobs In Move To "Greener" Technology: Report
British Steel is preparing to axe up to 2,000 jobs as part of a cost-cutting programme, according to a report, even as its Chinese owners seek large subsidies from the UK government.
-
"Rakhi Gift": Centre Announces Rs 200 Subsidy On Cooking Gas
In an important move ahead of polls in five states as well as the Lok Sabha elections, the Union Cabinet has announced a subsidy of Rs 200 on all domestic LPG cylinders.
-
EV Makers Body Writes to NGT for Green Tax on Fuel-Based 2-Wheelers
Society of Manufacturers of Electric Vehicles on Tuesday said it has petitioned the National Green Tribunal (NGT) expressing concerns against the government's move to cut FAME II subsidy and support a 'Green Tax' on fuel-based two-wheelers. The Ministry of Heavy Industries' latest decision to cut down FAME II subsidies is likely to disrupt India's ...
-
Centre Revises Gas Procurement Policy For Fertiliser Firms To Cut Costs: Report
The government expects to cut its fertiliser subsidy bill by up to 240 billion rupees if the fifth of companies' supplies is bought through bilateral contracts orgasexchange, said one of the government officials,
-
UK To Reverse "Almost All" Tax Cuts, Retain Energy Support
New British finance minister Jeremy Hunt on Monday reversed nearly all of Prime Minister Liz Truss's mini-budget that had sparked market turmoil, and reined in a vast energy subsidy plan, saying the country needed to rebuild investor confidence.
-
US Inflation Reduction Act Could Help Cut Chinese Battery Metals Ties: Details
The US Inflation Reduction Act (IRA) is set to be signed into law by US President Joe Biden today. The law that is designed to increase green investment, comes at a price. It extends and expands the existing electric vehicle (EV) subsidy of up to $7,500 (roughly Rs. 5,94,800) but conditions the tax credit on the sourcing of the mineral content of...
-
No Train Subsidy For Elderly, Crores For MPs, Show Centre's Records
While MPs enjoyed crores in free and discounted train tickets, the Indian Railways has been refusing concessions to senior citizens citing the need to cut its subsidy bills, documents accessed under the Right to Information (RTI) Act show.
-
Electric Cycles Brand Hero Lectro To Cut Prices Of Five Products In Delhi
Hero Lectro, the electric cycles brand of Hero Cycles Ltd, on Monday said the prices of its five products will be reduced by up to Rs 15,000 in Delhi, following the inclusion of e-cycles to be eligible for subsidy and tax exemption under the EV policy.
-
No Further Fuel Excise Duty Cut To Help Government Meet Fiscal Deficit Target: Report
Government can meet the fiscal deficit target of 6.4 per cent for 2022-23 if there are no excise duty cuts to lower high oil prices
-
Government To Spend Additional Rs 2 Lakh Crores To Check Inflation: Report
Government is considering spending an additional Rs 2 lakh crores ($26 billion) in the current fiscal to cushion consumers from rising prices
-
Fuel Price Excise Duty Cut Burden Entirely On Central Government, Says Finance Minister
Finance Minister Nirmala Sitharaman on Sunday said that excise duty reduction has entirely been made in road and infrastructure cess
-
Ujjwala Yojana Beneficiaries To Get Subsidy Of Rs 200 On Cooking Gas Cylinders
More than 9 crore beneficiaries of Pradhan Mantri Ujjwala Yojana will now get a subsidy of Rs 200 per gas cylinder (for up to 12 cylinders)
-
What Petroleum Minister Said On Fuel Prices Cut, Subsidy On Gas Cylinders
Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Saturday thanked the Centre for the visionary decision of reducing Central excise on petrol and diesel and said that it underlines PM Modi's unwavering commitment.
-
Nirmala Sitharaman Urges States To Reduce VAT On Fuel After Excise Duty Cut
Finance Minister urged all state governments, especially those which had not reduced excise duty on November 4, 2021, to also implement a similar cut
