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    Thread: Fuel Prices Revised!! yet again

    1. #4161
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      Quote Originally Posted by georjo View Post
      Thought we should do a fact check on that tweet claiming states sharing 42 percent of excise duty
      It's purely a play of words. 42% of the Excise Duty collected by the Centre is shared with all 29 states, that too, in a ratio fixed by the Finance Commission. Eventually, each state gets a small percentage of the 42% share, and the state VAT. For example, if the total Central excise duty is Re.1, 42 ps is shared among all 29 states - some sate may get 10ps, some other will get only 2ps, out of this. The remaining 58ps goes to the Central govt coffers. The central govt does not hike the Excise Duty, but only the Additional Excise Duty and Special Additional Excise Duty - these two components are not shared with the State govts.
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      Quote Originally Posted by silversteed View Post
      It's purely a play of words. 42% of the Excise Duty collected by the Centre is shared with all 29 states, that too, in a ratio fixed by the Finance Commission. Eventually, each state gets a small percentage of the 42% share, and the state VAT. For example, if the total Central excise duty is Re.1, 42 ps is shared among all 29 states - some sate may get 10ps, some other will get only 2ps, out of this. The remaining 58ps goes to the Central govt coffers. The central govt does not hike the Excise Duty, but only the Additional Excise Duty and Special Additional Excise Duty - these two components are not shared with the State govts.
      Yes The exact picture of tax dividents are not much hyped in media. Public given perception, its all the state taxes that was increased and is the only factor that should be reduced.

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      Exact picture of taxes? Whats that?
      Nobody cares about that

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    4. #4164

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      Enjoy the news....

      In this country only the netas can live happily as they mold all the policies as per their benifits.


      65% pay hike unites Gujarat MLAs after spar over fuel prices | india news | Hindustan Times

      The Gujarat assembly witnessed acrimonious scenes between the ruling Bharatiya Janata Party and opposition Congress legislators over fuel price rise and farm distress. But the session ended on Wednesday with the two rival parties joining hands to give a 65% salary hike to legislators. The new salary structure will be effective retrospectively from December 2017.

      The Gujarat assembly passed a Bill to increase the salary and allowances of 182 legislators, including ministers.

      As per the new provision, a legislator in Gujarat will get a monthly salary of Rs 1,16,316, up from Rs 70,727. The ministers, speaker and deputy speaker would get Rs 1.32 lakh as compared to their present salary of Rs 80,000.

      “Gujarat MLAs haven’t had a salary hike since 2005. This was due,” said minister for home Pradeepsinh Jadeja while proposing the hike. He added, “This will help the MLAs to work and reach out to more people and do their development work.’’

      The Congress welcomed the move. “MLAs have to travel to interior areas of their constituencies, run an office where people can come with their problems and it incurs a lot of cost. The increase in salary will help in meeting these costs,’’ said senior Congress MLA Virji Thummar.

      Independent MLA Jignesh Mevani said, “This will help me pay more to even the peon working at my office. But at the same time, the government should also end contract and fixed pay system and hire youths on permanent basis.”

      Despite the hike, the Gujarat legislators will be getting less than their counterparts in neighbouring Maharashtra, which pays Rs 1.25 lakh to its law-makers. Data shows salaries and allowances of Gujarat legislators are much less than the MLAs in states such as Telangana, Uttarakhand, Himachal Pradesh and Haryana. But, they probably, get slightly more than the law makers in Bihar.

      Jadeja said in the house that the revised salary structure will be effective from the beginning of the current assembly — December 22, 2017. The members will receive the arrears. Minutes before the pay hike, the Congress and the BJP MLAs were fighting over high fuel prices and rising inflation.

    5. #4165
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      Quote Originally Posted by back2u4u View Post
      In this country only the netas can live happily as they mold all the policies as per their benifits.
      Huh Hike for what happiness
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    6. #4166
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      Drop in Fuel price will be as big as Rs. 5

      But the oil companies will also have to leave their Rs. 1 profit to contribute in this price drop after the tax reduction by the govt.

      (As per briefed by the FM)

      So oil companies are free of govt? Not yet
      Last edited by Jack Sparrow; 4th Oct 2018 at 17:47.

    7. #4167

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      Quote Originally Posted by Jack Sparrow View Post
      Drop in Fuel price will be as big as Rs. 5
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      Crude is below 82/$, but the daily constant increment in the retail fuel price still continues like earlier.

    9. #4169
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      So this revealing factual video by Raghav Bahl costed him IT raid? Possibly!
      Do watch and listen this till the end.

      https://www.thequint.com/voices/opin...lakh-cr-per-hr

      Not only the IT raid, he has also been target on the social media as usual the trend is these days.

    10. #4170
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      I do not have a high opinion of the Quint or Herr Bahl. However, I am a bit surprised by the rise in fuel prices today. Yesterday, Brent dropped by about $2 and rupee improved by about 40p.
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