New Delhi, June 5 (IANS) Pakistan’s failure to carry out tax reforms has left its tax base narrowing over the years, resulting in shrinking revenues for the government to implement welfare schemes for the poor. As the country prepares for a new budget for FY27, there is little hope that things will improve, going by the past track record, according to local media reports.“Every budget over the past 10 years (and more) is pretty much the same with minor differences usually in the gimmickry be…
Latest Fuel Taxes News & Updates
Bhopal, May 26 (IANS) Veteran Congress leader and former Madhya Pradesh Chief Minister Kamal Nath on Tuesday accused the Centre of imposing a heavy tax burden on fuel, claiming the government earns around Rs 30 per litre on petrol and diesel while oil marketing companies post significant profits.He said the recent Rs 3 per litre hike in Madhya Pradesh has pushed petrol to around Rs 114.50 per litre and diesel to roughly Rs 100.09 per litre, adding to inflation and transportation costs for ordina…