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.

Real Estate

14 May 2026

AIDO Launches Smart Hotel Lock for Hospitality Spaces

AIDO, an endorsed brand of dormakaba, has launched the AIDO Hotel Lock, designed to improve secure and seamless access management across hotels, serviced residences and institutional spaces. The solution combines smart security, operational efficiency and contemporary design to support modern hospitality requirements.The lock features integrated electronic mortise functionality, reverse lifting handle locking and compatibility with third-party property management system platforms, enabling smoother room access and check-in operations. Powered by 6V DC with four AA alkaline batteries, it offers..

Häfele Unveils Zenith Digital Lock

Häfele has introduced the Zenith Digital Lock, designed to enhance home security through smart technologies and versatile locking functions. Finished in Black and Grey, the lock blends with modern interiors while offering a refined, tech-enabled access experience.The lock features Smart Password technology for secure access and added protection against password tracing. Its Smart Voice function provides guided assistance for easy operation, while Smart Freeze temporarily disables access after multiple incorrect attempts, strengthening safety and control.The Zenith Digital Lock also offers mul..

KBL Revenue Rises 11 Per Cent in Q4 FY26

Kirloskar Brothers Limited reported consolidated revenue from operations of Rs 14.15 billion for Q4 FY26, compared to Rs 12.81 billion in Q4 FY25, registering around 11 per cent year-on-year growth. Consolidated Profit Before Tax stood at Rs 1.47 billion, against Rs 1.27 billion in the corresponding quarter last year. Profit After Tax stood at Rs 1.04 billion, compared to Rs 1.12 billion in Q4 FY25.For FY26, consolidated revenue from operations stood at Rs 45.38 billion, compared to Rs 44.92 billion in FY25. Consolidated Profit After Tax for the year was Rs 3.61 billion, against Rs 4.03 billio..