Centre exempts E22, E25, E27 and E30 petrol blends from excise duty in biofuel push
The Finance Ministry notification covers E22, E25, E27 and E30 fuel variants, provided they follow BIS specifications and composition rules.
The Finance Ministry notification covers E22, E25, E27 and E30 fuel variants, provided they follow BIS specifications and composition rules.
The Centre has dismissed viral claims linking temple gold reserves to a proposed monetisation scheme, saying no such policy has been approved.
The Centre has revised customs duty rates for jewellery findings and tightened import compliance norms for precious metal recovery and recycling materials from May 13.
The Budget comes at a time when India remains one of the fastest-growing major economies, even as global growth moderates due to geopolitical uncertainties, tight financial conditions and slowing demand in key markets.
In response to rising reports of fake summons being circulated in the name of the Enforcement Directorate (ED) for cheating and extortion, the ED has implemented new measures to help citizens verify the authenticity of summons notices, the Finance Ministry’s official account announced today.
Sufficient food grain buffer stock and optimism for a healthy kharif harvest are likely to alleviate price pressures, a recent report by finance ministry said.
Furthermore, during the past 5 months (April-August) of the current financial year 2024-25, the transaction volume has reached to 8,659 crore, it added.
The new rules aim to further promote ease of investment, the ministry said.
The CAG also asked the ministry to verify from other sources, including third parties, their declared value of sales to check tax evasion.
This will facilitate the global expansion of Indian companies through mergers, acquisitions, and other strategic initiatives, enabling them to reach new markets and grow their presence worldwide, said a Finance Ministry statement.
