Adani Enterp. 2555.00↑17.55(0.69%)
Adani Ports 726.30↑1.80(0.25%)
Apollo Hospitals 4608.25↑40.10(0.88%)
Asian Paints 3114.50↓-9.05(-0.29%)
Axis Bank 917.50↓-3.55(-0.39%)
B P C L 364.00↑0.70(0.19%)
Bajaj Auto 4649.05↑5.05(0.11%)
Bajaj Finance 6874.00↑32.85(0.48%)
Bajaj Finserv 1436.40↑9.05(0.63%)
Bharti Airtel 814.95↓-7.75(-0.94%)
Britannia Inds. 4596.70↑33.40(0.73%)
Cipla 946.45↑1.00(0.11%)
Coal India 241.85↑1.80(0.75%)
Divi's Lab. 3491.80↑56.15(1.63%)
Dr Reddy's Labs 4527.00↑23.05(0.51%)
Eicher Motors 3648.05↓-3.45(-0.09%)
Grasim Inds 1680.05↓-21.30(-1.25%)
H D F C 2639.45↓-7.95(-0.30%)
HCL Technologies 1130.50↑14.50(1.30%)
HDFC Bank 1605.60↓-4.00(-0.25%)
HDFC Life Insur. 570.75↓-1.30(-0.23%)
Hero Motocorp 2738.65↑5.85(0.21%)
Hind. Unilever 2615.10↑17.85(0.69%)
Hindalco Inds. 412.95↑8.70(2.15%)
ICICI Bank 938.20↓-1.65(-0.18%)
IndusInd Bank 1260.65↓-2.75(-0.22%)
Infosys 1315.85↑11.50(0.88%)
ITC 442.85↑1.70(0.39%)
JSW Steel 702.45↑5.80(0.83%)
Kotak Mah. Bank 1924.75↓-5.20(-0.27%)
Larsen & Toubro 2213.70↑9.00(0.41%)
M & M 1284.00↑6.20(0.49%)
Maruti Suzuki 9365.10↑83.25(0.90%)
Nestle India 21430.05↓-44.85(-0.21%)
NTPC 175.05↑0.55(0.32%)
O N G C 162.90↓-3.10(-1.87%)
Power Grid Corpn 235.70↓-2.25(-0.95%)
Reliance Industr 2485.90↑45.95(1.88%)
SBI Life Insuran 1185.80↑8.45(0.72%)
St Bk of India 584.55↑3.30(0.57%)
Sun Pharma.Inds. 945.60↑0.60(0.06%)
Tata Consumer 787.90↑7.60(0.97%)
Tata Motors 516.45↑1.60(0.31%)
Tata Steel 105.20↑0.35(0.33%)
TCS 3301.65↑8.15(0.25%)
Tech Mahindra 1116.25↑18.15(1.65%)
Titan Company 2727.00↑19.05(0.70%)
UltraTech Cem. 7710.00↑88.25(1.16%)
UPL 685.60↑9.80(1.45%)
Wipro 399.00↑4.90(1.24%)

Centre to hike excise duty on petrol and diesel by Rs 8 per litre each

The digital tax at the rate of 2% may particularly come as a setback to Chinese e-commerce players like AliExpress, Shein, and Club Factory selling in India

Despite Rs 50-bn allocation, Bihar still far from the dream of clean Ganga

Premium

Amid falling crude oil prices, the government had on March 14 raised excise duty on petrol and diesel by Rs 3 per litre each

4 min read Last Updated : Mar 24 2020 | 3:23 AM IST

With an aim to widen the tax net and plug evasion, Finance Minister Nirmala Sitharaman on Monday took authorisation to hike excise duty on petrol and diesel by Rs 8 per litre, besides imposing a digital tax on foreign e-commerce players.

The digital tax at the rate of 2 per cent may particularly come as a setback to Chinese e-commerce players like AliExpress, Shein, and Club Factory selling in India.

A provision for this in the Finance Bill was among the more than 40 changes in the Finance Bill, introduced in the Lok Sabha. It was passed without a discussion.