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  • In COVID-hit 2020-21, states’ share of taxes falls while Centre’s rises, govt data shows Aug 02, 2021 04:08 PM IST

    In COVID-hit 2020-21, states’ share of taxes falls while Centre’s rises, govt data shows

    The share of states from the divisible pool of taxes was the lowest in at least five years during the pandemic-hit 2020-21, while the Centre’s net tax revenue was the highest in the same period. Additionally, taxes from income exceeded corporate taxes for the first time in at least five years, Finance Ministry data showed.

  • Positive I-T numbers a buffer for fiscal consolidation: DBS Bank May 10, 2016 11:01 AM IST

    Positive I-T numbers a buffer for fiscal consolidation: DBS Bank

    FY16 saw a good indirect tax collection overall, where the excise duties rose 70 percent due to sharp hike in fuel prices, and customs duties by 22 percent due to rise in price of commodities like steel, coal and gold, says Radhika Rao, Economist at DBS Bank.

  • Budget 2016: Auto cos to pay 1-4% infra cess across categories, says FM Feb 29, 2016 12:46 PM IST

    Budget 2016: Auto cos to pay 1-4% infra cess across categories, says FM

    The automobile industry was expecting simplification of tax structures and a reduction in excise duties, among other initiatives to propel growth in electric vehicles

  • Budget 2016: Auto cos seek excise sop, incentives for scrapping old vehicles Feb 22, 2016 02:08 PM IST

    Budget 2016: Auto cos seek excise sop, incentives for scrapping old vehicles

    The industry hopes for an incentive scheme for scrapping old vehicles and subsidies to promote electric and hybrid vehicles to curb environment hazards.

  • Cost of credit biggest worry for CEOs: poll Feb 23, 2014 01:51 PM IST

    Cost of credit biggest worry for CEOs: poll

    Corporate honchos have cited cost of credit as their biggest concern impeding economic growth and investments, even as a majority of them said the interim budget would help increase overall demand within next six months, a poll of industry leaders by CII has said.

  • Interim Budget: Scorched Earth Policy Feb 17, 2014 06:41 PM IST

    Interim Budget: Scorched Earth Policy

    Actually the biggest problem with the Budget is that in spite of the FM being fully aware of the dire fiscal situation, as also that consumption and growth are not constrained because of the prices of goods, he has chosen to cut excise duties of a range of consumer durables like scooters, cars and utility vehicles

  • Investments likely to pick up post polls: AB Group Feb 17, 2014 03:58 PM IST

    Investments likely to pick up post polls: AB Group

    D Muthukumaran, Head Grp Corp Finance, Aditya Birla Group, says the country has been in an extended slowdown cycle, which at some point in time should come to an end.

  • Dept of Heavy Ind opposes additional tax on diesel vehicles Jun 08, 2012 03:01 PM IST

    Dept of Heavy Ind opposes additional tax on diesel vehicles

    Opposing the government's proposal to impose an additional tax on diesel vehicles, the Department of Heavy Industry said it will submit a report to the Finance Ministry next week.

  • Pranab confident of meeting indirect tax collection target Jun 04, 2012 12:33 PM IST

    Pranab confident of meeting indirect tax collection target

    Patting revenue officials for doing "good job" last fiscal, Finance Minister Pranab Mukherjee today exuded confidence that they will be able to meet indirect tax collection target of Rs 5.05 lakh crore for 2012-13.

  • Central Excise: The Engine of Economic Growth Apr 30, 2012 03:42 PM IST

    Central Excise: The Engine of Economic Growth

    Central Excise was instrumental in giving strength to the aspirations of an independent India...the much needed monetary support came in the form of excise duties.

  • Central Excise - Fuel for India's economic growth engine Mar 08, 2011 08:00 PM IST

    Central Excise - Fuel for India's economic growth engine

    From the pre independence era, India has today transformed into a modern nation with strong manpower, strengthening economy, infrastructure development and cutting edge technology.

  • Tax revenue to grow by 18.5% to Rs 9.3 lakh cr in FY12 Feb 28, 2011 07:43 PM IST

    Tax revenue to grow by 18.5% to Rs 9.3 lakh cr in FY12

    The government today said the total tax revenue in 2011-12 would be up 18.50% at Rs 9,32,439.88 crore, on the back of projected rise in revenue from taxes on income, services, customs and excise duties.

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