In a relief for traders, the Punjab Cabinet on Wednesday decided to exempt about 1.50 lakh cases from tax assessment for the period 2014-15 till 2017-18, a move that will cost Rs 200 crore to the state exchequer.
After the centre's announcement to reduce excise duty on petrol and diesel, all the BJP-ruled states have also announced cuts on VAT and other taxes on petroleum products, excluding Punjab and Odisha.
The petrol pump dealers in Rajasthan have supported the opposition’s demand and are also asking the state government to lower the VAT at par with other neighbouring states.
Many BJP-ruled states such as Gujarat, Uttar Pradesh, Karnataka, Tripura, Goa, Uttarakhand, Manipur, Assam, Bihar and Haryana have slashed VAT on fuel after the Centre cut petrol and diesel prices by Rs 5 and Rs 10 respectively.
After Centre’s cut in excise duty and further reduction in VAT by the Chandigarh administration and Haryana government, fuel prices have dropped drastically in Chandigarh and Panchkula.
Since states charge local sales tax or VAT not just on the base price but also on the excise duty levied by the centre, the total incidence of price reduction is higher.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
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The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.
Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.
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