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CESS AND FEDERALISM
What steps India has taken to stem pressure on its external balance of paymentsIndia is taking steps to manage its currency's decline. Higher duties on gold and silver imports are in place. Import rules for silver have...- Why gold’s Rs 10,000 spike after import duty increase is a one-off moveGold and silver prices staged a sharp comeback on Wednesday, with MCX futures for both metals surging nearly 6% in a single session after t...
- SEZ units can sell locally at lower duty for one yearIndia has announced a one-time relief for Special Economic Zone (SEZ) units, allowing them to sell goods in the domestic market at a lower ...
- Automotive dealers approach Supreme Court over Rs Rs 2,500 cr compensation cessThe Federation of Automobile Dealers Association has approached the Supreme Court seeking relief for Rs 2,500 crore in compensation cess th...
- FADA warns of stock build-up, seeks inventory discipline by automakers to protect dealer viabilityIndian auto dealers are facing financial strain due to high inventory levels, thin margins, and rising costs associated with electric vehic...
- Cess 'slitting throat of federalism': Derek O'BrienTMC's Derek O'Brien said that cess is hurting federalism. States are concerned about shrinking tax revenues, he claimed, adding that the Ce...
- GST relief on cars, but dealers stare at Rs 2,500 cr hitGST reforms have lowered car, SUV and two-wheeler prices, but PV dealers face ₹2,500 cr losses as the compensation cess lapses on Sept 22, ...
- India confident of meeting fiscal deficit target, despite planned tax cutsIndia remains confident in achieving its fiscal deficit target of 4.4% for the current fiscal year, even with planned consumption tax cuts....
- Modi govt 'squeezed' rightful share of states in cess on petrol, diesel: KhargeMallikarjun Kharge criticized the Modi government for imposing cesses on petrol and diesel despite falling global crude oil prices. He alle...
- Need Fiscal Council like institution to better manage Centre, state debt: NK SinghFact that we are one of those countries which have some kind of fiscal architecture, but does not have independent fiscal institutions is a...
- Covid cess may face legal hurdles: ExpertsWhile the modality of the same is still not clear, the government is looking to introduce additional cess on current direct and indirect ta...
- Govt open to taking more measures to boost growthThe Centre has accommodated all concerns of the state governments on the issue of borrowing to meet deficit in goods and services tax compe...
- Centre 'betrayed' states by transferring compensation cess to CFI, alleges SiddaramaiahPointing out that the cess collected was non-lapsable, which means it should be carried over to the next financial year, the former chief m...
- Farmers seek rollback of additional levy on cigarettesAccording to the Federation of All India Farmer Associations (FAIFA), there is a need to bring in stability in tobacco farm prices and farm...
- Cess waiver on cards for apartments that process wet wasteWhile waiving cess for bulk generators who are in a position to handle their own wet waste, authorities may look at a “scientific“ hike for...
- GST protecting people at lower end: Arvind Subramanian, Chief Economic Advisor“The clean energy cess, cess on tobacco, cess on paan, cess on luxury cars and the cess on aerated beverages will remain the same as what i...
- Centre wants West Bengal to cut cess on coal, hike royaltyThe West Bengal power department called Goyal's statement an encroachment in the state's domain, echoing Chief Minister Mamata Banerjee’s a...
- Budget 2016: Petroleum products and crude oil add biggest chunk to cess poolThe single biggest chunk of cesses is on petroleum products and crude oil. These alone account for over Rs 88,000 crore in the Budget for 2...
- Karnataka CM Siddaramaiah criticises Swachh Bharat cessHe pointed out that the Swachh Bharat programme was actually just a renamed central government programme that the UPA used to called Nirmal...
- Textile committee cess on way outThe textile committee cess may soon be abolished as the government finds it difficult to explain it in global trade forums such as the Worl...
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