Eye on elections, MP slashes VAT on fuel
Following Gujarat, Maharashtra and Himachal Pradesh, now Madhya Pradesh too has announced a reduction in VAT on petrol and diesel, effective from Friday midnight. With a year to go for assembly elections, BJP termed it a Diwali gift for the people. The ‘gift’ will cost the state Rs 2,000 crore in revenue.
4 Nagaland govt officials held for ‘funding’ rebels:
The NIA on Friday arrested four senior officials of the Nagaland government for their alleged involvement in collecting tax on behalf of the proscribed Myanmarbased NSCN(K) and diverting government funds to rebels.
Diwali bonanza for Coal India employees:
Coal minister Piyush Goyal has announced a monetary reward for over 3 lakh non-executive employees of Coal India Ltd for consistently maintaining high rate of growth in production.