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Excise duties on petrol, diesel skyrocketed despite crude staying below $80

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New Delhi: Excise taxes on gasoline rose a whopping 194%, while on diesel they rose a staggering 512% between 2014-15 and 2021-22, even as crude oil prices remained below $80 a barrel in 2015 -16 and 2021-22. thus burdening the common man.

Government revenue generation through the imposition of special taxes grew by 126% between 2014-15 and 2021-22. Revenue growth was 186 percent over the same period.

According to official data provided by the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum, the excise tax on gasoline was Rs 9.48 per liter and on diesel it was Rs 3.56 per liter in 2014 -15 when the NDA government came to power.

In 2021-22, the excise duty on petrol increased by 194% to Rs 27.90 per litre, and on diesel it increased by 512% to Rs 21.80 per litre.

Interestingly, between 2015-16 and 2021-22, while excise taxes on gasoline and diesel increased steadily, crude oil prices remained
consistently below $80 a barrel and even slipped below $50 a barrel on three occasions.

While crude oil was at $84.16 per barrel in 2014-15, it fell sharply to $46 and $47 per barrel in 2015-16 and 2016-17, respectively.

Further analysis of the data reveals that between 2015-16 and 2016-17, when crude oil prices fell to almost half of 2014-15 levels, the excise duty on gasoline increased from Rs 17.48 per liter at Rs 21.48 per litre. During the same period, the excise duty on diesel increased from Rs 10.26 to Rs 17.33 per litre.

Thus, during 2015-17, excise taxes on gasoline and diesel increased by 22.9% and 68.2%, respectively, when crude oil prices ranged between 46 and 47 dollars per barrel.

Even in 2020-21, when crude oil prices fell sharply to $44.82 per barrel from $60.47 per barrel in 2019-20 due to the onset of the coronavirus pandemic, the excise duty on gasoline increased from Rs 19.98 per liter on March 13, 2020 to Rs 32.90 per liter on February 2, 2021. An increase of Rs 13 per liter in a span of less than a calendar year.

Similarly, the diesel excise duty stood at Rs 15.83 per liter on 13 March 2020. However, on 2 February 2021 it increased by Rs 16 to stand at Rs 31.80 per litre.

With the continued increase in excise taxes between 2014-15 and 2021-22 (barring some cuts like the one made in November 2021), there has been a whopping 186% increase in government revenue through the imposition of excise taxes during the period under consideration.

In 2014-15, the total contribution to the treasury was Rs 172,065 crore through this tax, which increased by 186% to reach Rs 4,92,303 crore in 2021-22.

Government revenue growth through this tax during this period also increased by 126 percent. In 2014-15, it earned revenue of Rs 15,85,922 crore through excise duty on petrol and diesel, which amounted to Rs 35,95,813 crore in 2021-22.

(IANS)


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Apple threatens to withhold Twitter from App Store: Musk

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San Francisco: Twitter CEO Elon Musk said Apple has “threatened to withhold” the micro-blogging platform from its App Store without giving a reason.

Musk’s accusation came shortly after he tweeted late Monday that Apple has “mostly stopped advertising” on Twitter following a survey that asked users whether the iPhone maker should “publish all shares of censorship that it has taken that affect its customers”.

In a series of tweets, Musk said: “Apple also threatened to remove Twitter from its App Store, but won’t tell us why.

“Did you know that Apple puts a 30 percent secret tax on everything you buy through its App Store?”

Several users expressed their thoughts on Musk’s claim.

While one user commented, “Apple doesn’t support free speech,” another said, “because it’s violating the rules about moderating extremist content.”

Meanwhile, Yoel Roth, who resigned from Twitter as head of trust and safety earlier this month, said that while Musk perpetuates the lack of legitimacy through his impulsive changes and lengthy tweet pronouncements about the platform’s rules, Twitter it now faces close scrutiny from Apple and Google. app stores

In a New York Times article amid the #RIPTwitter trend on social media, Roth said that “Twitter will have to balance its new owner’s goals with the practical realities of Apple’s and Google’s internet life, a no-brainer.” easy for employees who have chosen to stay.

“And when I left the company, the calls from the application review teams had already started,” Roth wrote.

(IANOS)


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After furore for slurring women, Ramdev regrets and apologises

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Mumbai: Just 72 hours after his comments about women sparked a furor, a chastened yoga guru, Swami Ramdev, expressed his regret and apologized for his comments.

Ramdev emailed Maharashtra State Commission for Women Chairman Rupali Chakankar in response to her letter on Friday demanding an explanation of his remarks within 72 hours.

Confirming the developments, the MSCW boss reported that Ramdev sent him the reply, expressing regret and offering an apology, but also stating that his comments were allegedly twisted out of context.

“We have received your response to our notice… However, if there are any further objections or complaints, we will conduct a full investigation and obtain the full video recording of the show made last week,” Chakankar warned, while speaking to IANS. .

Addressing a free women’s yoga training program in Thane, Ramdev Baba blurted out to the mostly women gathering: “Women look good in sarees, they look great in salwar suits and, in My opinion, they look good even if they are not wearing anything.

At the time, Ramdev was flanked by Balasahebanchi MP Shrikant Shinde Shiv Sena Thane, son of Prime Minister Eknath Shinde, and singer Amruta Fadnavis, wife of Bharatiya Janata Party Deputy Chief Minister Devendra Fadnavis and other prominent personalities.

The blatant statements prompted calls for Ramdev to “slap, kick and admonish” them from various locations in Maharashtra and other parts of India.

Agitated top leaders from various parties, including Sanjay Raut, Dr. Manisha Kayande, Kishore Tiwari, Mahesh Tapase, women activists like Aparna Malikar, Trupti Desai and others, pounced on Ramdev, seeking an unconditional apology, framing him for demoting women and other demands. even as the MSCW slapped a notice.

(IANOS)


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Uorfi calls Chetan Bhagat a ‘pervert’ after he questions her dress sense

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Mumbai: Internet personality Uorfi Javed clashed with popular writer Chetan Bhagat over the latter’s comment calling her a “distraction” to children. Although Bhagat later clarified that he had been quoted out of context, Worfi went after him, all guns blazing.

Uorfi took to her Instagram Stories and shared a series of her chats that had gone viral a few years ago during the #MeToo campaign. He was later accused of sexual misconduct by author and yoga instructor Ira Trivedi.

After bringing the allegations against Bhagat to the attention of his followers, Uorfi reacted to the author’s comment: “Guys, let’s not forget how many women accused him during the #MeToo case!!”

He added that men like Bhagat only blame women and said there was no need to drag her into the conversation and make comments about the type of clothing she chooses to wear.

“Men like him will always blame women rather than accept their own shortcomings!! Just because you’re a pervert doesn’t mean it’s the girl’s fault or what she’s wearing! Uorfi said.

“Unnecessarily dragging myself into a conversation, commenting on how my clothes distract kids is such a fucked up thing to say! Isn’t texting young girls distracting to them though? She continued.

Uorfi also pointed out how Bhagat’s comment showed that his way of thinking was quite old-fashioned.

“Stop promoting rape culture you psychos out there! Blaming women’s clothing for men’s behavior is so 80s. Mr. Chetan Bhagat. Who was distracting you when you texted girls half your age? Uorfi said. “Always blame the opposite sex and never accept your own shortcomings or failings! People like you are cheating young people, not me. Encourage men to blame women or their clothes when they are to blame.

The former ‘Bigg Boss OTT’ contestant said all this in a video she shared, where she asked what was the need for the ‘Two States’ author to bear her name at a literature festival, despite the fact that she is not a writer, nor of his age.

“I don’t understand the need to mention my name at a literature festival. I’m not an author. Also, you said that the young man is distracted by looking at my photos. Put that aside. First, tell me why you, who are twice the age of youth, would send messages to girls half your age. Wasn’t that a distraction? Were your marriage and children not affected by it? Worfi asked.

Bhagat also took to his Twitter account to clarify that he was being questioned unnecessarily for what he had not said.

“I told the guys to focus on fitness and their running and not waste time on Instagram,” Bhagat said. “Apparently, that’s not right! So they cut out my statement, said it out of context, the headline added things I never said, and made an age discrimination click-bait piece,” he added.

(IANOS)


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