Aug 02, 2021 04:08 PM IST
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.
- May 10, 2016 11:01 AM IST
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.
- Feb 29, 2016 12:46 PM IST
The automobile industry was expecting simplification of tax structures and a reduction in excise duties, among other initiatives to propel growth in electric vehicles
- Feb 22, 2016 02:08 PM IST
The industry hopes for an incentive scheme for scrapping old vehicles and subsidies to promote electric and hybrid vehicles to curb environment hazards.
- Feb 23, 2014 01:51 PM IST
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.
- Feb 17, 2014 06:41 PM IST
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
- Feb 17, 2014 03:58 PM IST
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.
- Jun 08, 2012 03:01 PM IST
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.
- Jun 04, 2012 12:33 PM IST
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.
- Apr 30, 2012 03:42 PM IST
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.
- Mar 08, 2011 08:00 PM IST
From the pre independence era, India has today transformed into a modern nation with strong manpower, strengthening economy, infrastructure development and cutting edge technology.
- Feb 28, 2011 07:43 PM IST
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.