Left Menu
Development News Edition

Mizoram to hike petrol, diesel prices from June 1

PTI | Aizawl | Updated: 24-05-2020 00:54 IST | Created: 24-05-2020 00:54 IST
Mizoram to hike petrol, diesel prices from June 1

The Mizoram government will hike diesel and petrol prices by 2.5 per cent and 5 per cent, respectively, from June 1 to fight the economic slowdown caused by the outbreak of novel coronavirus, Taxation Minister Lalchamliana said on Saturday. Lalchamliana said the meeting of council of ministers chaired by Chief Minister Zoramthanga also decided to increase the value added tax (VAT) of diesel from 12 per cent to 14.5 and that of petrol from 20 per cent to 25 per cent.

"Diesel price would increase from Rs 60.49 to Rs 62 per litre and petrol from Rs 66.54 to Rs 69.87, which will come into effect from June 1," he said. The minister said the state Goods and Services Tax collection has considerably reduced from Rs 48 crore in March to Rs 14 crore in April in the wake of the pandemic.

"Mizoram will face a massive financial crisis unless drastic economic measures are taken," he added..



Renewables in focus to revive energy sector as economies ease lockdowns

A sudden slump in energy consumption due to worldwide lockdown caused by the COVID-19 had threatened the energy transition due to a plunge in oil prices. However, as predicted by COE-EDP clean energy and inward-looking policies are the focu...

Socio-economic Impact of Covid-19 on Women

Today, women and girls are facing a double whammy - their sources of income have dried up but the workload has increased. There is a great need for gender-sensitive policies to recover from the pandemic. ...

Tracking Cybersecurity: Laying the groundwork for tougher regulations post-COVID 19

The changes indicate that the tech industry is moving towards a paradigm shift over how it operates and, more importantly, how it is regulated....

Tax dodging in rich and poor countries alike, wealthy taxpayers often outwit the taxman

... ...


Latest News

Motor racing-Dixon puts in long day to take win on IndyCar return

Scott Dixon rocketed to career win number 47 at the Genesys 300 on Saturday as the IndyCar season got off to a crash-filled start at the Texas Motor Speedway after a nearly three-month delay because of the novel coronavirus.While North Amer...

South Korea's cases surpass 50 for 2nd day

South Korea on Sunday reported 57 additional cases of the coronavirus, marking a second day in a row that its daily jump is above 50 as authorities struggle to suppress a spike in infections in the densely populated Seoul area. The new case...

Protesters flood streets in huge, peaceful push for change

Massive demonstrations against racism and police brutality filled some of the nations most famous cityscapes, with tens of thousands of people marching peacefully in scenes that were more often festive than tense. Wearing masks and urging p...

Report: NBA tweaks standings, will clarify roster rules

The NBA continues to fine tune the structure and rules it will follow when the season resumes July 31 at the Disney World campus in Orlando, Fla., including tweaks to the standings and potential roster changes. ESPN reported Saturday that t...

Give Feedback