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livemint.com / 2 years ago
livemint.com / 2 years ago
livemint.com / 2 years ago
livemint.com / 2 years ago
"Petrol to be cheaper...": Union Minister Hardeep Puri makes big poll claim in Rajasthan
Rajasthan if the BJP is elected in the November 25 Assembly elections.
Addressing a poll event in the state capital, Jaipur, on Saturday, the Union Petroleum Minister said, «I am being asked what will change in the state if the BJP comes to power in Rajasthan. Firstly, I am confident that the BJP is on course to form the government here.
And, once we come to power, we will work to bring the price of petrol in Rajasthan at par with the rest of the country (barring Opposition-ruled states). Petrol, in Rajasthan, will be cheaper by at least Rs 11.80 per litre if we are elected.»
Puri alleged that the price of petrol in Rajasthan was the highest in the country because of the additional cess imposed by the Congress government in the state.
He added that the Congress government in Rajasthan collected Rs 35,975 crore from additional levies on petrol and diesel over the last couple of years.
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- «In the last two years, the Rajasthan government collected taxes worth Rs 35,975 crore from additional cess on petrol and diesel till November 2021-2022 and 2022-2023. Rajasthan alone collected Rs 2000 crore more than 18 other states and Union Territories taken together,» Puri said.
The Union Minister added when compared to 18 states and Union Territories, the tax collection from additional cess on
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21.05 / 09:47
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Forensic audits support corporate-fraud probes and IBC cases but still lack enforceable standards
Subscribe to enjoy similar stories.Forensic audits have gained significance in today’s world of business as they serve as a useful tool for commercial lenders to investigate fraud by borrowers and/or identify other deep-seated financial irregularities. Forensic auditors are also employed by resolution professionals to report on preferential, undervalued, fraudulent and extortionate (‘PUFE’) transactions for adjudication under India’s Insolvency and Bankruptcy Code (IBC). While there is no single universal definition, several globally recognized organizations have provided widely accepted definitions (and norms) of forensic auditing.
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Why Dixon, Syrma and Kaynes are moving beyond smartphones: margin pressure
Subscribe to enjoy similar stories.MUMBAI: India’s listed electronics manufacturers are under pressure to defend profitability as the mobile-phone assembly boom slows, prompting a shift towards higher-value industrial electronics.Investors remained jittery through the last fiscal, driven by concerns that slowing consumer sentiment could weigh on the rapid growth that electronics manufacturing services (EMS) firms have delivered so far.In an interview with Mint, Jasbir Singh Gujral, managing director of Syrma SGS Technology Ltd, India’s second-largest listed EMS firm, said, “We’re increasingly looking to capture a larger chunk of contracts from defence, aerospace and med-tech verticals, all of which represent opportunities for original design manufacturing, and also bring significantly higher margins. We’ve already started this transition, and we plan to do more of it this fiscal.”Beyond mobile phones and laptops, EMS firms are expanding into smart metres for electricity boards, aerospace and defence subsystems, railway safety instrumentation, printed circuit boards and display assemblies, and medical devices deployed in hospitals.India’s annual mobile phone shipments have remained subdued since the covid-19 pandemic, with industry estimates pointing to a single-digit decline this calendar year from 152 million smartphones shipped last year.The margin pressure driving this shift is increasingly visible.In FY26, Syrma SGS reported an operating margin of 7.1%, up 2.3 percentage points.
