Snehal khanna Blog

BS-VI grade petrol, diesel to be sold from April 2018 LATEST NEWS : With both the Delhi and Union governments facing heat over Delhi’s smog, the Centre on Wednesday said the introduction of BS-VI grade automobile fuel in the capital would be advanced by two years to April 2018. BS-IV emission norms for both fuel and automobiles were implemented across the country from April 1, 2017. “Taking into account the serious pollution levels in Delhi and adjoining areas, the petroleum ministry in consultation with public sector oil marketing companies has decided on introducing BS-VI grade fuel in Delhi from April 1, 2018, instead of April 1, 2020,” an official statement said. The government had earlier decided to leapfrog to BS-VI by April 1, 2020, skipping BS-V. Oil refining companies have been asked to examine the possibility of introducing BS-VI fuel in the National Capital Region from April 1, 2019. Previously, fuel meeting Euro-IV, or Bharat Stage (BS)-IV, specific...

He said the move would bring down fares, help aviation sector see growth and thus compete globally LATEST NEWS  : Ajay Singh, owner of low-cost carrier Spicejet, on Friday, pitched for bringing aviation turbine fuel (ATF) under the ambit of goods and services tax (GST) to lower cost. The move will help bring down fares and boost the aviation sector’s growth, Singh said at the World Economic Forum’s India Economic Summit. Bringing fuel under GST will help airlines claim input tax credit, which will help lower cost. “In aviation cost, ATF is the biggest item. We want the ATF cost to be reduced. States should reduce sales tax and bring it within GST so that we can claim input tax credit. If that happens, prices will come down, fares will come down and the aviation sector will see growth,” said Singh at the conference organised in partnership with the Confederation of Indian Industry (CII). On the states' insistence, petroleum has been kept out of GST and hence c...