With base price at just Rs 18, Indians now pay 275% in taxes to govt on every litre of petrol!

coastaldigest.com web desk
June 9, 2020

With the steep hike in excise duty in the past couple of months, an average consumer of petrol now pays over 275% in taxes to centre and states on a litre of the fuel.  The base price of petrol is just about Rs 18. The taxes are close to Rs 50 and the pump price is over Rs 72.

India imports 85% of all its crude oil demand.  After a steep hike in excise duty in the past two months despite a hold on daily price revisions by the oil public sector undertakings (PSUs), Indian consumers now pay 275% collectively in excise duty to state and centre. 

The central government hiked excise on petrol and diesel by Rs 10 and Rs 13 respectively last month. The excise duty on petrol is taxed around Rs 33-a-litre while the same on diesel it is Rs 32.

The Value-Added Tax (VAT) on both petrol and diesel is Rs 16.44 and Rs 16.26 respectively. Both the taxes together are around Rs 49 while it is sold at petrol pumps at 73-per-litre.

These two taxes cumulatively account for 69% of tax which is higher than anywhere else in the world. The same is taxed at 19% in the US, 47% in Japan, UK 62% and 63% in France. The government does not pass on the benefit of lower crude oil prices to the customer.

It is to be noted that Indian consumers continued to pay Rs 70-a-litre even when crude oil prices hit a paltry US $ 20-a-barrel on April 12.

Former finance minister and Congress leader recently took a jab at the Centre over rising prices stating, “Fuel selling prices raised twice in two days, following tax hikes two weeks ago. This time to benefit oil companies. Government is poor, it needs more taxes. Oil companies are poor, they need better prices. Only the poor and middle class are not poor, so they will pay”.

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Lovely indian
 - 
Wednesday, 10 Jun 2020

Acche din for modi bakth....lets enjoy

 

you need only ram mandir and NRC

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News Network
July 14,2020

Kasaragod, Jul 14: Kerala State Excise department officials confiscated hawala money to the tune of Rs 2.85 crore from a person hailing from Mangaluru.

According to sources, the officials of the Kumbala Range Excise had noticed the huge baggage containing hundreds of bundles of unaccounted currencies when they intercepted a vehicle at the border check-post at Thoominad in Manjeshwar early on Tuesday morning.

The accused Shamsudheen, who was trying to transport the illegal money into Kerala has been arrested and handed over to the Manjeshwar police authorities for further action, sources added.

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News Network
July 16,2020

Belgaum: Canon, Epson and Nikon reside in a house named "Click" in Karnataka's Belgaum district.

The newly built house of photographer couple Ravi and Krupa Hongal, which resembles a giant DSLR camera, has not only enamoured locals but has become quite a sensation on social media.

The three-storied camera-shaped house located in Shastri Nagar is an expression of passion and love for the art of photography of the couple whose children- three boys- have all been named after the iconic camera brands.

Their names ''Canon'', ''Epson'' and ''Nikon'' feature prominently on the house whose exterior resembles a camera. Just like a camera, the building has a glass window shaped as a viewfinder and another as a lens. It sports a wide film strip, a flash and even a memory card.

The walls of the house walls and its interior have graphics related to photography.

"I have been photographing since 1986. Building this house is like a dream come true. We also named our 3 children-Canon, Nikon and Epson. These all are three camera names. I love the camera and hence named them on camera companies name. My family were opposed to it, but we remain adamant," photographer Ravi told media persons.

Karnataka: A photographer couple, Krupa Hongal&Ravi Hongal, has built a camera-shaped house in Belgaum. Krupa (pic3) says,"It's a dream come true. We also named our 3 children-Canon,Nikon&Epson." Ravi (pic4) says,"We borrowed money for it&also sold our previous house."(14.07.20) pic.twitter.com/8Mkh1JOUk1

— ANI (@ANI) July 14, 2020
The photographer says the couple had to borrow money from relatives and friend for constructing the house. "We also sold our previous house to build this house," he added.

Krupa said that it was their cherished dream to build a house like a camera.

"My husband is a photographer. It was our dream to build a house like a camera. We planned and built this house. We feel like we are living inside a different world, inside a camera. I am very proud of my husband," she said.

Canon, their elder child said, "My friends used to ask me whether it was my real name. Now, I tell them yes, photography is my father's passion and hence he named me Canon."

On social media, the picture of the unique shaped house has been shared widely.

"This is called love for the passion," said one user on Twitter.

Another user commented: "A camera-obsessed photographer from India builds a camera-shaped house! 49-year-old Ravi Hongal has spent over $95,000 building the 3-story house, which looks like a camera in the town of Belgaum in India."

The family seems to be indeed living a picture-perfect dream.

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News Network
July 22,2020

Bengaluru, Jul 22: Yellow alert has been issued for Karnataka's Shivamogga, Chikmagalur, Hassan, and Kodagu for July 23 and 24.

Some areas of Bengaluru may receive light rainfall today, said CS Patil, Director, IMD Centre, Bengaluru.

He added that coastal areas of the state are very likely to experience rainfall from on July 23 and July 24, and that rainfall may increase July 24 onwards. Widespread rainfall is predicted for July 24th, 25th, and 26th.

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