Stay updated with the latest excise news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on excise topics.
NEW DELHI, April 9 (Reuters) - India's expected economic growth of 6.6% for fiscal 2027 could face significant risks as the Iran war fans inflation worries, but ample foreign exchange buffers and a well-capitalised banking system could help mitigate some of it, the World Bank said. Doubts lingered over a fragile two-week Middle East ceasefire, raising concerns that energy flows through the crucial Strait of Hormuz will remain restricted. India, which imports about 90% of its oil, is among econo ...Read More >
NEW DELHI: India's expected economic growth of 6.6% for fiscal 2027 could face significant risks as the Iran war fans inflation worries, but ample foreign exchange buffers and a well-capitalised banking system could help mitigate some of it, the World Bank said. Doubts lingered over a fragile two-week Middle East ceasefire, raising concerns that energy flows through the crucial Strait of Hormuz will remain restricted. India, which imports about 90% of its oil, is among economies most exposed to ...Read More >
Addressing a 'Dhanyawad Evam Vikas Rally' in Meham on Sunday, CM Saini pointedly addressed concerns of the farmers about crop procurement. Saini said that the opposition is spreading misinformation about gate passes. "The government has made arrangements to ensure that no farmer faces any difficulties. Duties for crop procurement have been clearly assigned. The interests of farmers are central to our policies," he said. The CM said that the BJP government has given jobs to 1.80 lakh youths afte ...Read More >
Kolkata: On Wednesday, the World Bank has raised India's GDP growth rate projection for FY27 to 6.6%. This constitutes an upward revision that comes amid the West Asia crisis. In January, in its Global Economic Prospects report, the World Bank projected that India's GDP will grow by 6.5% in FY27. The rate of GDP growth in India has been pegged at 6% by Moody's and 6.1% by OECD (Organisation for Economic Co-operation and Development). The common factor for each of these organisations was the impa ...Read More >
New Delhi: Aam Aadmi Party (AAP) chief and former Delhi chief minister Arvind Kejriwal and others previously accused in the excise policy case have moved a recusal application before Justice Swarn Kanta Sharma in the Delhi High Court, the party said in a statement on Sunday. According to the statement, Kejriwal will also argue the case on Monday. This comes after the Delhi High Court on March 16 granted Kejriwal and others more time to respond to the Central Bureau of Investigation's (CBI's) p ...Read More >
New Delhi, April 8 (SocialNews.XYZ) The Central Bureau of Investigation (CBI) has opposed the recusal pleas filed by several accused, including AAP Convenor Arvind Kejriwal, who sought the withdrawal of Justice Swarana Kanta Sharma from hearing the Delhi excise policy case, describing the applications as "frivolous, baseless, and contumacious". In a detailed reply filed before the Delhi High Court on Wednesday, the central probe agency contended that the allegations are "wholly vexatious" and a ...Read More >
Lucknow: Chief minister Yogi Adityanath on Tuesday said the Greater Agra township project will help the area grow as a 'second Noida' and give the Taj city's urban expansion a new direction.Yogi said this after performing the bhoomi pujan for the project that will be developed at an outlay of Rs 5,142 crore.The CM also inaugurated and laid the foundation stone for 325 development projects in the district, worth Rs 6,466.37 crore."Govt wanted Agra not to be limited to just a tourist destination b ...Read More >
Chandigarh: Punjab has exceeded its excise revenue target for 2025-26, collecting Rs 11,782 crore till March 31. The amount is Rs 582 crore more than the revised target of Rs 11,200 crore.Announcing the figures, finance, planning, excise and taxation minister Harpal Singh Cheema attributed the gains to tighter enforcement and a trade-friendly policy regime. "Significantly, excise revenue has nearly doubled over the past four years, rising from Rs 6,254.8 crore to Rs 11,782 crore. A new target of ...Read More >
Government faces higher subsidy costs due to rising oil prices India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritise capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spending curbs in ministries with limited capacity to use allocated funds, but are keen to continue spending on roads, railways and ...Read More >
NEW DELHI: India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritize capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spending curbs in ministries with limited capacity to use allocated funds, but are keen to continue spending on roads, railways and airports, which the government sees as critical to su ...Read More >
Chandigarh, Apr 7 (PTI) Punjab Excise and Taxation Minister Harpal Singh Cheema on Tuesday said his department collected Rs 11,782 crore up to March 31, 2026, surpassing the target of Rs 11,200 crore for 2025-26. In a statement, Cheema attributed the mobilisation to the state government's proactive governance and trade-friendly policies. "This accomplishment underscores the department's strong commitment to maximising revenue while ensuring transparency and compliance," he said. PTI CHS KSS KS ...Read More >
Chandigarh, Apr 7 (PTI) Punjab Excise and Taxation Minister Harpal Singh Cheema on Tuesday said his department collected Rs 11,782 crore up to March 31, 2026, surpassing the target of Rs 11,200 crore for 2025-26. In a statement, Cheema attributed the mobilisation to the state government's proactive governance and trade-friendly policies. "Significantly, excise revenue has nearly doubled over the past four years, rising from Rs 6,254.84 crore to Rs 11,782 crore, with a new target of Rs 12,800 c ...Read More >
New Delhi, Apr 7 (PTI) The government has doubled the daily quota of market-priced 5-kg LPG cylinders for migrant workers as part of a broader push to stabilise fuel supplies amid disruptions linked to tensions around the Strait of Hormuz. Unlike the subsidised 14.2-kg cylinders that are used in household kitchens for cooking, the 5-kg bottles are priced at market rates. A 5-kg cylinder costs Rs 549 in Delhi as against the Rs 913 price for a 14.2-kg domestic cylinder. The 5-kg cylinders are av ...Read More >
Govt is likely to roll out a Rs 2.5-lakh-cr credit guarantee scheme in the coming days to support sectors impacted by the West Asian crisis The central government is likely to roll out a Rs 2.5-lakh-crore credit guarantee scheme in the coming days to support sectors impacted by the West Asian crisis, Moneycontrol.com reported, citing two government officials. The proposed scheme will expand the existing Emergency Credit Line Guarantee Scheme (ECLGS) framework, which was introduced in 2020 to a ...Read More >
NEW DELHI, April 7 (Reuters) - India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritise capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spending curbs in ministries with limited capacity to use allocated funds, but are keen to continue spending on roads, railways and airports, which the government se ...Read More >
She was speaking at an event organised by the NIPFP) here. ShowQuick Read Summary is AI-generated, newsroom-reviewed * India has fiscal space to support sectors hit by the West Asia crisis, says Sitharaman * She said RBI has room to cut interest rates amid global economic challenges * Monetary Policy Committee will announce interest rate stance on Wednesday, the minister said Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: Finance Minister Nirmala Sitharaman on Mo ...Read More >
New Delhi, Apr 7 (PTI) The government is considering a ₹2.5 lakh crore credit guarantee scheme to support businesses, especially MSMEs impacted by the West Asia crisis, sources said. Under the scheme, a credit guarantee of about 90 per cent on loans of up to ₹100 crore would be provided to lenders in case of default by borrowers due to the ongoing US-Iran conflict. The guarantee on bank loans would be provided by the National Credit Guarantee Trustee Company (NCGTC), a wholly-owned subsidiary ...Read More >
New Delhi, Apr 7 (PTI) The government is considering a Rs 2.5 lakh crore credit guarantee scheme to support businesses, especially MSMEs impacted by the West Asia crisis, sources said. Under the scheme, a credit guarantee of about 90 per cent on loans of up to Rs 100 crore would be provided to lenders in case of default by borrowers due to the ongoing US-Iran conflict. The guarantee on bank loans would be provided by the National Credit Guarantee Trustee Company (NCGTC), a wholly-owned subsidi ...Read More >
New Delhi : The Central Bureau of Investigation (CBI) on Monday in the Delhi High Court opposed former chief minister Arvind Kejriwal's application seeking recusal of Justice Swarana Kanta Sharma from hearing its appeal against the trial court's order discharging him and 22 others in the Delhi excise policy case, describing the development as "serious". Even as Justice Sharma issued notice in the application, Solicitor General Tushar Mehta, appearing for the agency, submitted that Kejriwal had ...Read More >
Addressing the 'Dhanyavaad Evam Viksit Faridabad Rally' here, Saini said significant work has been carried out over the past 11.5 years in infrastructure, connectivity, industry, Smart City development, metro expansion and digital services. According to an official statement, the projects include the construction of a rest house at ₹50.61 crore, a dispensary-cum-chief medical officer office at ₹41.70 crore, laying of sewerage lines at ₹25 crore, and a school building in Old Faridabad at ...Read More >
New Delhi, April 6: Finance Minister Nirmala Sitharaman on Monday said fiscal prudence has given the government enough room to push capex and support sectors impacted by the West Asia crisis. Besides, she said the Reserve Bank can go in for further rate cut to deal with the emerging situation. Highlighting the importance of a good public finance policy in challenging times, the Finance Minister said, it improves the counter-cyclical capacity , especially the ability to 'lean against the wind' ...Read More >
New Delhi: Finance Minister Nirmala Sitharaman on Monday said fiscal prudence has given the government enough room to push capex and support sectors impacted by the West Asia crisis. Besides, she said the Reserve Bank can go in for a further rate cut to deal with the emerging situation. Highlighting the importance of a good public finance policy in challenging times, the Finance Minister said that it improves the counter-cyclical capacity, especially the ability to 'lean against the wind' in ec ...Read More >
New Delhi: India's strong fiscal position and robust foreign exchange reserves provide the Reserve Bank of India with more policy flexibility, Finance Minister Nirmala Sitharaman said on Monday. Addressing the golden jubilee celebrations of the National Institute of Public Finance and Policy, the Finance Minister said: "India has fiscal space with room to maintain the government's capex programme, room for the RBI to cut rates and room to offer targeted support to affected sectors. This is the ...Read More >
New Delhi, Apr 6 (PTI) Finance Minister Nirmala Sitharaman on Monday said fiscal prudence has given the government enough room to push capex and support sectors impacted by the West Asia crisis. Besides, she said the Reserve Bank can go in for further rate cut to deal with the emerging situation. Highlighting the importance of a good public finance policy in challenging times, the Finance Minister said, it improves the counter-cyclical capacity , especially the ability to 'lean against the win ...Read More >
New Delhi, Apr 6 (PTI) Finance Minister Nirmala Sitharaman on Monday said India has fiscal space to support sectors impacted by escalating West Asia crisis, while the Reserve Bank has room to cut interest rate to deal with global challenges. The Monetary Policy Committee headed by Reserve Bank Governor will announce its stance on interest rate on Wednesday. There is a widespread speculation that RBI will maintain status quo. The rate-setting panel began its deliberations on Monday. Observing t ...Read More >
New Delhi [India], April 6 (ANI): Former Delhi Chief Minister and AAP leader Arvind Kejriwal on Monday refrained from making detailed public comments on the ongoing excise policy case, stating that the matter is currently sub judice and sensitive in nature. Speaking to reporters, Kejriwal said, "The matter is subjudice. It is a sensitive issue. I will not speak in the media about this matter. The next date of the hearing is on Monday (April 13) at 2:30 PM. I will argue in my case." Also Read | ...Read More >
NEW DELHI: The Delhi high court on Monday heard the CBI's plea challenging the discharge of former chief minister Arvind Kejriwal and others in the alleged excise policy case. The matter has now been listed for April 13.Kejriwal, accompanied by his wife, appeared in court and informed the bench that he intends to argue his recusal application personally. A bench of Justices Swarana Kanta Sharma heard the matter.During proceedings, the bench clarified that a petitioner could only argue in person ...Read More >
New Delhi [India], April 6 (ANI): Aam Aadmi Party (AAP) National Convenor Arvind Kejriwal on Monday arrived at the Delhi High Court, along with his wife, in connection with his recusal application before Justice Swarna Kanta Sharma in the alleged liquor scam. Kejriwal is also expected to argue his case during the hearing. Also Read | Rajasthan Weather Forecast and Update: IMD Issues Yellow Alert for Rain and Hailstorms Till April 8. Refusing to comment on the matter, he told reporters, "The m ...Read More >
New Delhi [India], April 6 (ANI): Aam Aadmi Party (AAP) National Convenor Arvind Kejriwal on Monday arrived at the Delhi High Court, along with his wife, in connection with his recusal application before Justice Swarna Kanta Sharma in the alleged liquor scam. Kejriwal is also expected to argue his case during the hearing. Refusing to comment on the matter, he told reporters, "The matter is sub-judice." The High Court is slated to hear a plea filed by the Central Bureau of Investigation (CBI) ...Read More >
New Delhi: In an important decision, the Delhi High Court has overturned a 2021 single-judge order which had said that former Chief Minister Arvind Kejriwal's announcement during the COVID-19 lockdown about paying rent for poor tenants was legally enforceable. A Division Bench of Justices C Hari Shankar and Om Prakash Shukla clarified that a statement made during a press conference cannot be treated as a legal promise enforceable by courts. The Bench emphasised that no writ of mandamus can comp ...Read More >
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