Tuesday, August 11, 2020
More

    Latest Posts

    PUBG Mobile Fourth Day Chart of Original Monsoon Knockouts

    GXR-Celtz is leading the points table in this tournament with 230 points Orange Rock (189) and Team NoveGodlike (167) came in second and...

    PUBG Mobile: 30 Cool and Unique Names for Players

    Here is the list of 30 different and unique names for PUBG MOBILR Players must have a rename card to change the name In...

    GXR-Celtz becomes Champions of PUBG Mobile Original Monsoon Knockouts

    GXR-Celtz (267 points) became champions of PUBG Mobile original monsoon knockouts Orange Rock (252) and Team NovaGodlike (223) finished the tournament in second...

    Just how to update address in Aadhaar card online

    The address on your Aadhaar card can be updated both offline and also on the internet Aadhaar card address update: You need registered mobile...

    Modi Government Will Earn 2.25 Lakh Crore Rupees Due to Increased Tax on Petrol and Diesel, Prices in the World Decreased, India Continues to Grow




    Tax on Petrol Diesel: The government and oil companies are earning an additional Rs 730 crore from the increased tax every day. If we add the same amount annually, it becomes Rs 2.25 lakh crore.

    The Modi government is estimated to earn a whopping Rs 2.25 lakh crore from the increased tax on petrol and diesel since the lockdown. This is the case when crude oil prices around the world are in a historic downturn. According to Bloomberg Intelligence, the government and oil companies are earning an additional Rs 730 crore from the increased tax every day. If we add the same amount annually, then it becomes Rs 2.25 lakh crore. According to experts, in the last financial year, the central and state governments received a total revenue of Rs 5.5 lakh crore from the petroleum sector.

    Economists say that this will help the government to deal with the Corona crisis. In this period, the government has reduced the income from tax and on the other hand, the expenditure has increased due to the announcement of relief for the poor. In such a situation, the government can use this additional tax from petroleum to balance the budget. In May itself, the central government increased excise duty on diesel by Rs 13 and petrol by Rs 10. With this increase, India has become the highest tax-paying 69% tax on petroleum. Not only this, but the Modi government has also increased road cess on petroleum products by Rs 8 per liter.

    On the one hand, the central government has increased, on the other hand, the state governments have also found a cut to deal with the Corona crisis by increasing VAT. Governments of Delhi, Andhra Pradesh, Assam, and West Bengal state that their revenue has decreased by up to 90 percent during the lockdown implemented to deal with Corona. In such a situation, states have also tried to fill their coffers by increasing the duty on petrol and diesel to compensate for the reduction in tax.

    Prices go down tax increases: How has the tax on petrol and diesel increased. It can also be understood that in December 2019, the price of crude oil was $ 65.5 billion per barrel and in April it came down to $ 19.9 billion per barrel. But in reality, there was no difference in the prices of petrol and diesel in India. Instead, since June 7, the inverse prices started rising. At present, the government is charging excise duty of Rs 32.98 per liter on petrol, while excise duty on diesel is being charged Rs 31.83.

     

    Source




    Latest Posts

    PUBG Mobile Fourth Day Chart of Original Monsoon Knockouts

    GXR-Celtz is leading the points table in this tournament with 230 points Orange Rock (189) and Team NoveGodlike (167) came in second and...

    PUBG Mobile: 30 Cool and Unique Names for Players

    Here is the list of 30 different and unique names for PUBG MOBILR Players must have a rename card to change the name In...

    GXR-Celtz becomes Champions of PUBG Mobile Original Monsoon Knockouts

    GXR-Celtz (267 points) became champions of PUBG Mobile original monsoon knockouts Orange Rock (252) and Team NovaGodlike (223) finished the tournament in second...

    Just how to update address in Aadhaar card online

    The address on your Aadhaar card can be updated both offline and also on the internet Aadhaar card address update: You need registered mobile...

    Don't Miss

    RBSE 10th, 12th Arts Result 2020 LIVE Updates: Rajasthan Board 10th 12th results soon, see official information here

    RBSE Rajasthan Board 10th, 12th Arts Result 2020 Date, BSER RBSE 12th Arts Result 2020 Date Live Updates: Just like Science and Commerce stream,...

    UGC Receives 640 Universities for Final Year Exams; 177 Universities to Be Decided Now

    There is confusion among all the universities and colleges in the country after the new UGC guidelines regarding the final year examinations. The University Grants...

    Silver From Infosys Investors, Earned So Many Rupees in an Hour

    Quarterly results from Infosys, the second-largest IT sector company, have been better than expected. Despite the Corona crisis, the company's profits rose 12.4 percent...

    PUBG Mobile: How Many Points Are Needed to Reach the Conqueror Tier?

    This is a guide that will tell you how many points you need to reach the Conqueror Tier. This is the biggest and...

    PUBG Mobile: Top 5 Kill Leaders From the First Day of PMWL East 2020 League Play

    TEAM NO CHANCE performed well on the first day of the PMWL World League 2020 East and placed first in the table SCOUTOP...

    Stay in touch

    To be updated with all the latest news, offers and special announcements.