Connect with us

National

Rajasthan Government Will Reduce VAT On Fuel: Chief Minister Ashok Gehlot – dot newz

Published

on


Ashok Gehlot said Rajasthan government will reduce VAT on petrol and diesel.

Jodhpur/Jaipur:

Rajasthan Chief Minister Ashok Gehlot on Tuesday said his government will reduce VAT on fuel like other states, hours after he urged the Centre to further slash excise duty and cited fund crunch caused by the Covid pandemic.

The Centre on November 3 slashed excise duty on petrol by Rs 5 per litre and on diesel by Rs 10 a litre to give reprieve to consumers battered by record-high retail fuel prices.

The state government has been under pressure from the opposition over the issue after several states, including Congress-ruled Punjab, cut down the price of petrol and diesel.

The politics over the issue intensified after the Punjab government claimed in an advertisement that fuel prices there are lower than Delhi, Haryana and Rajasthan.

Mr Gehlot addressing a progarmme at a Jodhpur village said, “When all states have reduced the prices, we would also have to reduce it.”

“Our government will also provide relief to people by reducing VAT on petrol and diesel in the state,” he said.

Still holding the Centre responsible for high fuel prices, Mr Gehlot said the Union government “looted” people by levying massive taxes on fuel.

“Now, they have provided a meagre relief,” he said, adding that the Centre should further reduce taxes on petrol and diesel.

Earlier in the day, Mr Gehlot in a statement demanded that the Centre should further reduce excise duty by Rs 10 on petrol and Rs 15 on diesel.

If the Centre reduces excise duty then automatically VAT in the state will reduce by Rs 3.40 on petrol and Rs 3.90 on diesel. As a result, Rajasthan is ready to bear a revenue loss of Rs 3,500 crore, he said in the statement.

He said after 2016, the Centre has reduced the state share in excise duty on fuel and states do not get any share from additional or special excise duty charged by it.

“Increasing excise duty excessively first and then reducing it and simultaneously creating a competitive environment among states to reduce VAT is against the spirit of cooperative federalism,” Mr Gehlot said.

He said during the coronavirus lockdown, the Centre had increased the excise duty on petrol by Rs 10 and on diesel by Rs 13 per litre.

Mr Gehlot said in 2021, the price of petrol increased by about Rs 27 and that of diesel by about Rs 25. Out of the excessively hiked additional excise duty, only some relief was given, he said.

As such, the reduction in excise duty by the Centre appears to be insufficient, he added.

The chief minister said over 22 per cent of the total revenue of Rajasthan comes from VAT on petrol and diesel.

The Rajasthan government has reduced VAT by about Rs 3 per litre on petrol and Rs 3.8 per litre on diesel from January 29.

Due to this, there is a loss of Rs 2,800 crore in revenue, he said.

Due to the circumstances caused by COVID-19, there has been a decrease of Rs 20,000 crore in the revenue of the state in this financial year till October, he said.

Mr Gehlot said the decrease in revenue can be attributed to not providing GST reimbursement of Rs 5,963 crore to the state by the Centre.

He said even in such a situation, the state government did not allow the pace of development to slow down by doing efficient financial management.

State BJP president Satish Poonia had targeted the CM over the issue, terming his statement a “nautanki” (drama).

“The Gehlot government, which charges the highest VAT on petrol and diesel and provides expensive electricity, ridicules the Centre for inflation. Leave this gimmick, please give relief to people of the state from inflation,” Mr Poonia tweeted.

Deputy Leader of Opposition Rajendra Rathore in a tweet said, “The chief minister of Congress-ruled Punjab is also taunting through advertisement about expensive petrol and diesel in Rajasthan.”

“When 25 states of the country have reduced VAT, then why Rajasthan is not reducing VAT? Muster courage to reduce VAT and give relief to people,” he said.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



Source link

National

New ‘Made-In-India’ Missile Successfully Tested, To Strengthen Navy – dot newz

Published

on

By


The missile has an operational range of 50 to 60 km, said DRDO.

Balasore:

India on Tuesday successfully flight tested the indigenously developed new Vertical Launch Short Range Surface-to-Air Missile (VLSRSAM) from the coast off Balasore, Defence Research and Development Organisation (DRDO) official said.

The quick reaction surface-to-air-missile missile developed by DRDO was test launched from the Integrated Test Range at Chandipur at about 3.08 pm from a vertical launcher against an electronic target at a very low altitude.

The flight path of the missile along with its health parameters were monitored using a number of tracking instruments deployed by ITR, Chandipur.

All the sub-systems performed as per expectation and the test launch was monitored by senior DRDO and Indian Navy officials, the DRDO said.

The missile has an operational range of 50 to 60 km and features mid course inertial guidance through fiber optic gyroscope and active radar homing in terminal phase, it said.

The launch was conducted to validate integrated operation of all weapon system components including the vertical launcher unit with controller, canisterised flight vehicle, weapon control system and others required for future launches of the missile from Indian Naval ships.

The test launch was monitored by senior officials from the DRDO and Indian Navy, it said. The first trial was conducted on February 22, 2021 and Tuesday’s fight test was a confirmatory trial to prove the consistent performance of the configuration and integrated operation, it said.

“RM Shri @rajnathsigh has congratulated @DRDO_India, @indianavy and industry for the successful flight test of Vertical Launch Short Range Surface to Air Missile. He said that this system would further enhance defence capability of Indian naval Ships against aerial threats,” RMO (defence ministry) India said in its official twitter post.

Secretary to the department of defence research and development and DRDO chairman G Satheesh Reddy complimented the teams involved in the successful flight test and said that this has paved the way for integration of the weapon system onboard Indian Naval Ships.

Odisha Chief Minister Naveen Patnaik tweeted “Congratulate @DRDO_India and @indiannavy on successful flight testing of Vertical Launch Shrort Range Surface to Air Missile (VL-SRSAM) from Chandipur, off the coast of #Odisha.”

On Tuesday morning ahead of the test firing of the tactical missile, the Balasore district administration as a safety measure temporarily shifted more than 4,500 people residing within 2.5 km radius of the launch pad No 3 of the ITR from where the weapon with a dummy pay load was positioned and launched.

A district revenue official said, “On the request of ITR authority these people residing in six hamlets in close proximity to the ITR launch site had to be temporarily shifted to nearby shelter centers with compensation. They will return to their homes after DRDO gives the green signal for it.”

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)





Source link

Continue Reading

National

India Is No.1 Food Supplier To Arab Nations After 15 Years – dot newz

Published

on

By


The Arab world is among Brazil’s most important trade partners.

Sao Paulo:

India surpassed Brazil in food exports to the League of Arab States for the first time in 15 years as the COVID-19 pandemic disrupted trade flows in 2020, according to data provided by the Arab-Brazil Chamber of Commerce to Reuters on Tuesday.

The Arab world is among Brazil’s most important trade partners, but its distance from those markets took its toll as the pandemic rattled global logistics.

Brazil accounted for 8.15% of the total agribusiness products imported by the 22 League members last year, whereas India captured 8.25% of that trade, ending Brazil’s 15-year advantage, the data showed.

Despite remaining competitive “from the farm gate in,” Brazil lost ground to India and other exporters such as Turkey, the United States, France and Argentina amid a disruption of traditional shipping routes.

Brazilian shipments to Saudi Arabia that once took 30 days could now take up to 60 days, according to the Chamber, whereas India’s geographic advantages allow it to ship fruits, vegetables, sugar, grains and meat in as little as week.

Brazil’s agricultural exports to the Arab League rose just 1.4% by value to $8.17 billion last year. Between January and October this year, sales totaled $6.78 billion, up 5.5%, as logistics problems subsided, Chamber data showed.

China’s push to boost its own food inventories during the pandemic also diverted some of Brazil’s trade with the Arabs, leading countries such as Saudi Arabia to step up promotion of domestic food production, while seeking alternative suppliers.

“It’s a turning point. The Saudis are still big buyers, but they are also net re-exporters of food,” the Chamber said in a statement.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



Source link

Continue Reading

National

“BJP Development? Coconut Breaks A Road Open!” Akhilesh Yadav Sneers – dot newz

Published

on

By


Lucknow:

Samajwadi Party chief Akhilesh Yadav, ally Jayant Choudhary at his side, berated Chief Minister Yogi Adityanath and the BJP on multiple issues today — including development, which the ruling party placed front and centre of the coming election. “What infrastructure has the BJP created,” he questioned, citing a recent headline from Bijnore that has raised many a chuckle in the state.

“The older tradition was — hit the coconut on the road and the coconut breaks. The new tradition they have started is hit the coconut on ground and the ground must break,” he told NDTV, speaking on the sidelines of a rally in Mathura attended by thousands.

Suchi Mausam Chaudhary, the BJP MLA from Bijnor Sadar, was left furious earlier this month at the traditional inauguration when bits of a 7-km road, renovated at a cost of Rs 1.16 crore, came off when struck by a coconut.

Challengers to the BJP government which came to power in the state with a sweeping mandate, the two leaders made a prediction. “Looking at anger among the people, BJP can even lose 400 seats. They will be wiped out in the western UP,” Akhilesh Yadav said.

Their sharpest barbs were reserved for Chief Minister Yogi Adityanath.

In his address, Mr Yadav had spoken of the BJP “misrule” in terms of jobs, education development and farmers’ issues. Asked about his remark that the “Baba (Yogi Adityanath) just sits in Gorakhpur and rings a bell (while all this is happennig),” and how it would be received by the state’s Hindu voters, Rashtriya Lok Dal chief Jayant Chaudhary spoke up.

“Adityanath is not a symbol of Hindu unity, he can be questioned,” Mr Chaudhary said. “This is not an issue about Hindu pride but issues like unemployment. Adityanath said he will give 70 lakh jobs. Today, their own posters say they have given only four lakh jobs,” he added.

Akhilesh Yadav had other questions. “The Chief Minister should answer whether the man sitting in the jeep that mowed down farmers (in Lakhimpur Kheri) was the Union Home Minister’s son or not… Yogi must answer how many cases were against him that he removed himself after becoming the Chief Minister,” he added.



Source link

Continue Reading

Trending

Copyright © 2017 Dot Newz | Developed by MCVP Group 8