Consensus Needed for GST on Fuels

01 Oct 2024 CW Team

Union Minister Hardeep Singh Puri has emphasized the necessity of building a consensus among states to bring petrol and diesel under the Goods and Services Tax (GST) regime. Currently, fuel prices are subject to various state taxes, which contributes to discrepancies in pricing across different regions. By moving towards a unified GST framework for fuels, the government aims to create a more stable pricing mechanism and alleviate the burden on consumers.

Puri highlighted the importance of dialogue among state governments to address concerns related to revenue loss that may arise from such a transition. He reassured stakeholders that the central government is committed to ensuring that states do not suffer financially during this process. The inclusion of petrol and diesel under GST is viewed as a significant step towards simplifying the tax structure and enhancing transparency in the oil and gas sector.

This move could lead to more equitable pricing, benefiting consumers and contributing to the overall economic stability of the country. As discussions continue, the government seeks to foster collaboration between various stakeholders, aiming for a smooth transition towards a comprehensive GST framework that includes essential commodities like fuel.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..