Gas Stocks Rally After PM Modi Says Government Committed To Bring Natural Gas Under GST

PM Modi said the government will be spending Rs 7.5 lakh crore over 5 years to build its oil and gas infrastructure.

The induction ceremony of the first five Rafale jets at the Ambala Air Force base on September 10 last cost the exchequer a little over of Rs 41 lakh including Rs 9.18 lakh GST, Defence Minister Rajnath Singh said in Rajya Sabha on Monday.

Describing the Union Budget as "crony-centric", Congress leader Rahul Gandhi on Thursday said the micro, small, and medium enterprises (MSMEs) were given no low interest loans or GST relief which meant that the employers of India's largest workforce were "betrayed".

GST Council decides the rate of taxation after taking into consideration the factors affecting various segments of business as well as to ensure optimum revenue generation required for overall development of the economy

Goods and services tax or GST revenue collected in January stood at Rs 1.19 lakh crore, the finance ministry said on Sunday, in a record figure a day before the government unveils the country's annual budget.

Finance Minister N Sitharaman is all set to present the Union Budget for FY2021-22 on February 1, 2021 and the auto industry, the two-wheeler sector in particular is looking for some support from the government for the coming year.

Electric vehicle manufactures are seeking extension of the FAME-II scheme, lower GST and import duty cuts to accelerate growth of the segment.

Budget 2021: Individual taxpayers and the middle-class expect reduced GST rates in various sectors, and increased deduction for the interest on home loans from the taxable income

Budget 2021: The government should provide financing options, reduce GST on raw materials, reduce duties on lithium ion cell batteries, which may boost the sales of electric vehicles, according to Brickworks Ratings

Budget 2021: Experts believe that COVID cess may be made applicable to higher income brackets individuals or business with specified turnovers

Budget 2021: Cuts in GST rates, suspension of basel norms for three years, and measures to increase foreign investments are some demands which experts seek for the startup industry

Budget 2021: While the government had given signals of the GDP allocation towards the sector to be at six per cent of GDP, experts demand that the allocation should increase to 10 per cent

Union Budget 2021: Mumbai-based HDFC Securities has also recommended that the government should propose a reduction in Goods and Services Tax (GST) on smaller cars to 18 per cent

The Union government had set up a special borrowing window in October 2020 to meet the estimated shortfall of Rs 1.10 lakh crore in revenue