Pakistan Minister Holds Meeting With IMF Over $7 Billion Loan
The Pakistani government has received a memorandum on the terms and conditions from the IMF for the completion of a USD 7 billion loan programme. Pakistan Finance Minister Ishaq Dar confirmed the development with awaited staff-level-agreement after a meeting with the IMF delegation. It is to be noted, Pakistan is facing a major economic crisis, and is looking for a loan to overcome the crisis.
Tags: Pakistan(40), IMF, memorandum, Pakistan Minister, LOAN, tax
UP Government Announces 'Dog Tax,' Pet Owners To Pay About Rs 630 Annually
The "Dog Tax" was announced by government officials in Prayagraj, Uttar Pradesh. Depending on the type of dog, pet owners may be required to pay more than Rs.100. The Municipal Corporation formerly charged a levy of Rs.500 on costly breed dogs and Rs.200 on locally bred canines. Now citizens will be required to pay around Rs.630 annually. A license would also be required to keep a pet dog at home.
Tags: Uttar Pradesh, dog, tax, pet owners, Prayagraj
Courtesy: Free Press Journal
Govt Imposes Windfall Tax On Domestic Crude Oil; Export Tax On Petrol, Diesel
Government imposed taxes on petrol and ATF exports of Rs 6 per litre and diesel exports of Rs 13 per litre on July 1. Government also imposed an additional tax of Rs 23,230 per tonne on locally produced crude oil to offset windfall benefits flowing to producers from high international oil prices. The export tax follows oil refiners, notably the private sector, who profit enormously from exporting fuel to international markets.
Tags: Exports, Central Government, tax, Petrol, Diesel
Courtesy: Free Press Journal
Indian Government Decreases Base Import Price Of Palm Oil While Raising Price Of Soy Oil
India has reduced the basic import costs of crude and refined palm oil while increasing the price of crude soy oil, according to a government statement issued late on May 31. Every two weeks, the government updates the basic import prices for edible oils, gold, and silver, which compute the amount of tax an importer must pay. India permitted duty-free imports of 2 million tonnes of soy oil last week.
Tags: India, Import, Government, Oil, tax
Courtesy: DNA India
Centre Happy To Bring Fuel Under GST, If States Support: Hardeep Puri
Petroleum and Natural Gas Minister Hardeep Puri has said that the Central Government would be happy to bring petroleum and diesel under GST, but that the states are not willing. Puri insisted that the government is taking responsibility, and suggested that the states should also try, and cut down the value-added taxes on fuel. He also chalked up the oil price hike to the Russia-Ukraine conflict.
Tags: Fuel, Inflation, tax, GST, Centre
Madhya Pradesh Government Calls Off Tax On Wheat Exported From State
Madhya Pradesh Chief Minister Shivraj Singh Chouhan, on March 24, announced to cancel tax on wheat exported from the state. In addition, the exporters can now buy wheat from mandis or farmers directly, informed the CM. “Railway Board has assured us to provide racks for wheat export,” he further added. Currently, India is holding conversations with countries such as Egypt, China, Nigeria, and other countries to export wheat.
Tags: politics, Madhya Pradesh, Cancel, tax, Wheat
Courtesy: ANI News
'The Kashmir Files' Leaves Union Minister Giriraj Singh In Tears
After watching 'The Kashmir Files', union minister Giriraj Singh left the theatre with tears in his eyes. He appreciated the film and said that it has to be shown in villages across the country. Earlier, PM Modi expressed his support for the movie, in a BJP party meeting. The movie was released on March 11, and has been announced "tax-free" in six states. Karnataka, Tripura, Goa, Haryana UP and MP.
Tags: Giriraj Singh, The Kashmir Files, tax, Entertainment, PM Modi
Karnataka's Alcohol Industry Veterans Urge Govt To Revise Excise Duties On Liquor
Veterans of Karnataka's Alcohol Beverages Industry, in a press release, urged the government to revise the excise duties on liquor. The press release further claimed that the current excise duty rates make the cheap segments "cheaper" and premium segments more "expensive". "By imposing additional excise duty on spirits and beer, Karnataka government is putting additional burden on consumers," said Bishan Kumar, Editor-in-chief of Spiritz… read-more
Tags: Karnataka, alcohol, tax, Excise Duty, Liquor
Courtesy: Brifly News
Elon Musk Says US Congress Shouldn't Accept Biden's EV Bill
Tesla CEO Elon Musk, on December 6 at the WSJ CEO Council Summit said the US Congress shouldn't accept the administration bill by Biden for Electric Vehicles (EVs). "It'd worsen the country's budget deficit," he added. Reportedly, the bill talks about boosting subsidies on EVs. ''I'm literally saying get rid of… read-more
Tags: Tesla CEO Elon Musk, Summit, USA, Electric Vehicles, tax
The Only Way For Me To Pay Taxes Is To Sell Stocks: Elon Musk
Tesla's CEO, Elon Musk asked his Twitter followers in a poll, if he should sell 10% of his Tesla shares, as he might have to pay a "massive" tax bill. A 55% of the poll answers approved the idea of selling the shares. Further, he said he would abide by the decision of the poll. "The only way for me to pay taxes personally is to sell… read-more
Tags: Elon Musk, Tesla, Technology, COMPANY SHARES, tax