India-UK trade deal: Luxury cars get cheaper, but your Scotch will have to waitBritish carmakers are quickly passing on tariff benefits from the India-UK CETA trade agreement. Price reductions for Scotch whisky and gin...
16 Jul, 2026, 06.33 PM IST
Raising the bar: India-UK FTA seen driving next wave of premiumisation in alco-bev industryUnder the India-UK trade deal, set to take effect on July 15, India will be reducing duty on UK whisky and gin from 150% to 75% and further...
09 Jul, 2026, 11.18 AM IST
Fall in global crude prices brightens fiscal outlook, El Nino risks lingerEasing West Asian tensions have significantly improved India's fiscal outlook, with economists now predicting a smaller deficit than previo...
06 Jul, 2026, 09.17 AM IST
Kerala Assembly: LDF boycotts proceedings over Finance Bill's Subject Committee bypassKerala's Assembly witnessed a boycott by the LDF opposition after the Speaker disallowed their objection to the Finance Bill. The oppositio...
01 Jul, 2026, 03.44 PM IST
Jet fuel price cut by Rs 5/litre as global oil prices easeA significant drop in jet fuel prices, by nearly Rs 5 per litre, brings welcome relief to Indian airlines. This reduction, driven by fallin...
01 Jul, 2026, 10.04 AM IST
ITC's packaged foods business crosses $2 billion in revenueITC's packaged food business soared past $2 billion in FY26, with overall FMCG consumer spending reaching Rs 37,000 crore. This growth was ...
27 Jun, 2026, 03.38 PM IST
Petrol, diesel margins back to above pre-conflict levels: ReportState-run oil companies are poised for improved profitability as falling crude prices boost fuel marketing margins. While recent government...
22 Jun, 2026, 03.54 PM IST
Amidst excise duty cut, reduction in state tax on petrol, oil cos hiked its base price: Kerala Finance MinisterState Finance Minister K N Balagopal in a statement, claimed that with the Rs 8 cut in excise duty on petrol and the Rs 2.41 reduction in t...
24 May, 2022, 01.07 PM IST
Chhattisgarh to suffer Rs 500 cr loss due to Centre's excise duty cut on petrol & diesel: CM Bhupesh BaghelAsked whether the Chhattisgarh government will reduce the Value Added Tax (VAT) on petrol and diesel, "Baghel said, "I could not understand...
23 May, 2022, 03.35 PM IST
Burden of fuel excise cut entirely on Centre, says FM Nirmala SitharamanSome opposition leaders including former finance minister P Chidambaram alleged that the duty cuts would reduce the share of states in cent...
23 May, 2022, 12.16 PM IST
FM Nirmala Sitharaman rebuts Opposition flak on excise duty cuts, says move does not impact state sharing of taxesTaking to Twitter, Sitharaman said she is sharing some useful facts on levies on petrol and diesel for the benefit of all.
22 May, 2022, 05.02 PM IST
Total tax on petrol down to 50 pc, diesel to 40 pc after duty cutsTwo dozen states and UTs have matched the central government's excise cuts with a VAT reduction. And, in those states, the percentage of ta...
07 Nov, 2021, 01.07 PM IST
Opposition parties demand more cuts in fuel tax from CentreCongress spokesperson Randeep Surjewala questioned the credibility of Haryana's BJP-led government's claim about slashing VAT.
06 Nov, 2021, 07.05 AM IST
Petrol price further cut by Rs 8, diesel by Rs 9 in BJP-ruled statesBuckling under pressure, the Union government had on Wednesday cut excise duty on petrol by Rs 5 per litre and that on diesel by Rs 10 a li...
05 Nov, 2021, 03.38 PM IST
Maintain customs, excise, service tax rates in Budget 2015: CII"Moreover, manufacturing sector continues to be vulnerable. Under these circumstances, it would be prudent to allow excise duties to remain...
09 Feb, 2015, 04.28 PM IST
- FMCG stocks react positively to Budget 2011
FMCG stocks have reacted positively, putting in a stellar performance in the two trading sessions following the Budget.
02 Mar, 2011, 04.40 AM IST
- Duty cuts to have revenue implication of over Rs 28,000 crore
The measures will lead to loss of Rs 13K cr in service tax, Rs 8,500 cr in excise duty & Rs 6,600 cr in customs duty. Gainers: BSE ( A, B )...
24 Feb, 2009, 06.19 PM IST