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Statement Of Revenue Foregone

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  • Business

Windfall tax on fuel to recoup most of Rs 1 lakh cr revenue lost in excise cuts

The windfall tax on oil produced within India and fuel exported overseas will make up for more than three-fourths of the revenue that the government lost when it cut excise duty on petrol and......

Sops to STPI, EoUs not likely to be extended

Even as Finance Minister P Chidambaram said that a final decision on expiry of tax benefits to export-oriented units and Software Technology Parks of Indiahad not been taken yet, government sources......

Why industry missed the tax exemption bus

The latest available data on various tax preferences gives a definitive hint towards why Finance Minister P Chidambaram chose not to lower the corporation tax rate. While the data shows that India......

eCOM, Insta EMI Card ban may hit Bajaj Finance for 1-2 qtrs: Analysts

The Reserve Bank of India's latest order prohibiting Bajaj Finance from sanctioning and disbursing loans under its 'eCOM' and 'Insta EMI Card' products may not have serious implications on the......

Why did Nirmalaji deviate from fiscal deficit target?

The government should have mentioned clearly the specific structural reforms that were responsible for the deviation from the fiscal deficit target by half a percentage point, says A K......

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