Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs India

India hike excise duty on petroleum products

byCT Report
29/12/2015
in India
Share on FacebookShare on Twitter

NEW DELHI: The former Union Minister and Leader of the Congress in the Lok Sabha M. Mallikarjun Kharge has criticised the National Democratic Alliance government for not transferring the benefit of the steep fall in crude oil prices to consumers and increasing the excise duty on petroleum products.

He told presspersons on Sunday that if the cost of a barrel of crude oil was $130 when the United Progressive Alliance was in power, it had fallen to $ 30 now. “But, the price levels of petrol and diesel remains the same as it was during the tenure of the United Progressive Alliance government as the excise tax on petroleum products has been hiked,” Mr. Kharge said.

You might also like

DRI busts smuggling rackets, seizes 31kg gold

03/02/2020

Longest smuggling tunnel, larger than 14 football fields, discovered on US-Mexico border

30/01/2020

He said that the Union government had generated Rs. 7 lakh crore from the increase in the excise tax on petroleum products and even this extra money had not been transferred towards welfare measures.

The allocation for irrigation, health, agriculture, education and midday meal schemes had been reduced. The Accelerated Irrigation Benefit Programme designed to help complete lingering irrigation projects had been scrapped by the government.

He also took exception to the Railways decision to increase Tatkal charges, reduce the refunds after cancellation of tickets and a few cases of denial of cancellation benefits. “When the cost of the diesel and steel, which are the major raw materials for the Railways to operate, increasing the tariff on tatkal and withdrawing the cancellation benefits was uncalled for.”

Mr. Kharge expressed dissatisfaction over the outcome of the Paris agreement on climate change and said that this was loaded in favour of developed countries and would squeeze the export avenues of developing and underdeveloped countries. The government’s reply on the outcome of the World Trade Organisation’s ministerial conference in Nairobi in Kenya too was not satisfactory.

He accused the Union government not releasing the drought relief fund of Rs. 1,540 crore sanctioned to Karnataka. Mr. Kharge alleged that the government had withheld releasing of funds to Karnataka as it was awaiting reports on crop loss from BJP-ruled States.

Related Stories

DRI busts smuggling rackets, seizes 31kg gold

byadmin
03/02/2020

VIJAYAWADA: The Directorate of Revenue Intelligence (DRI) seized 31.5 kg gold worth 13.3 crore in the last three days. DRI...

Longest smuggling tunnel, larger than 14 football fields, discovered on US-Mexico border

byadmin
30/01/2020

The longest smuggling tunnel has been discovered by the US authorities on the Southwest border, which stretches more than three-quarters...

Two excise men held for booze smuggling links

byadmin
21/01/2020

PATNA: In a first-of-its-kind case since prohibition was imposed in the state, two excise officials have been arrested for links...

Gold smuggling on the rise as high prices boost appeal in India

byadmin
13/01/2020

NEW DELHI: Illegal inflows have jumped after the Indian government increased import taxes in July and prices surged to record...

Next Post

Belarus to reduce export duties on oil

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.