Thursday, Oct 28 2021 | Time 21:12 Hrs(IST)
image
Business Economy


UP govt might reduce VAT on petrol & diesel

UP govt might reduce VAT on petrol & diesel

Lucknow ,Oct 28 (UNI) Ahead of the crucial assembly polls , Yogi Adityanath government in Uttar Pradesh is likely to give some relief on petrol and diesel price.



A high level meeting of the state government chaired by chief minister Yogi Adityanath will be held Thursday evening to discuss the rising prices of petrol and diesel.



Officials here confirmed that CM has called a meeting today to discuss the VAT on petrol and diesel.



They also did not rule out some relief on the cards.



The state had hiked the VAT on diesel and petrol in 2019 and then again in 2020.



In 2019 the VAT was increased to 26.80 per cent and that on diesel to 17.48 per cent.



In 2020 again a hike was made. As of now a consumer pays around Rs 19 per litre as VAT on petrol and around Rs 10.50 per liter on diesel.



Sources hinted that in today's meeting state government can decide to lower the VAT by a small margin.But in terms of revenue loss it will be a big figure for the state.

UNI MB SY 1814

More News

Hero Motors, Yamaha JV to manufacture E-Cycle drive motors

28 Oct 2021 | 8:48 PM

New Delhi, Oct 28 (UNI)
Automotive component manufacturer Hero Motors Company and Yamaha Motor Company on Thursday entered into an agreement to create a global E-Cycle drive unit company with robust product portfolio. The boards of directors of both companies have approved the transaction under which a manufacturing unit will be set up in India to manufacture E-Cycle drive motors for the global market.

see more..

Volvo Car India launches Petrol Mild-Hybrids in West Bengal

28 Oct 2021 | 8:17 PM

Kolkata, Oct 28 (UNI) In order to offer the best global technology to the savvy luxury consumers in West Bengal, Volvo Car India on Thursday launched two new petrol mild-hybrid models- the luxury sedan S90 and the Volvo’s best-selling mid-size luxury SUV XC60.

see more..

Door to investment in Rajasthan - Officials to hold investment Pre-Connect meet for inviting investment: Rajasthan comes to Kolkata

28 Oct 2021 | 6:52 PM

Kolkata, Oct 28 (UNI) Officials from Rajasthan State Industry and Commerce Department, state government's nodal industrial development body RIICO, Bureau of Investment Promotion and Rajasthan Foundation will be in Kolkata on Friday for an investment Pre Connect Program where
the investors will be informed regarding the various investment opportunities in Rajasthan and the investment friendly policies of the state government.

see more..

Kotak Mahindra Bank partners with NPCI to launch Credit Cards on RuPay

28 Oct 2021 | 6:49 PM

Mumbai, Oct 28 (UNI) Private sector lender Kotak Mahindra Bank (KMBL) on Thursday said that it has partnered with National Payments Corporation of India (NPCI) to launch Kotak credit cards on the RuPay platform.

see more..
Sensex ends below 60K level at 59,984 70; 1158 63 pts down

Sensex ends below 60K level at 59,984 70; 1158 63 pts down

28 Oct 2021 | 6:49 PM

Mumbai, Oct 28 (UNI) The BSE Sensex on Thursday tanked another 1158.63 pts to close at 59,984.70 following heavy selling across the board amid weak global cues.

see more..
image