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Striking associations in different parts of the country have collectively decided to go for a complete closure of bullion markets for three days in major as well as small towns.
Jewellers on Saturday night called off their 18-day old strike demanding rollback of proposed excise duty on non-silver jewellery after government assured them that there will be no harassment by excise officials.
Budget 2016: Excise duty on cigarettes was today hiked for the fifth year in a row, as government continued the crack down on consumption of tobacco and allied products.
After govt was cornered by the Opposition over the latest excise duty hike, flaying the FM for not passing on the benefit of a fall in oil prices to consumers, FM Arun Jaitley rushed to explain.
Basic excise duty on unbranded petrol has been increased from Rs 7.06 per litre to Rs 7.36 and the same on unbranded diesel from Rs 4.66 to Rs 5.83 per litre.
Petrol price: With excise duty being hiked five times in a year, taxes and duties now exceeded the actual cost of production of petrol. As much as Rs 31.20 in the retail price of Rs 60.70 a litre of petrol in Delhi is because
Petrol and diesel prices will not be increased following government's decision to hike excise duty by Rs 1.60 per litre and 40 paise a litre respectively as state-owned oil companies have decided to absorb the raise for the t