Rajya Sabha and Lok Sabha have been adjourned until Thursday amid the uproar over Pegasus’ spy issue


The Minister of Finance to Rajya Sabha on several requests

At present, there is no recommendation from the GST Council for the review of the compensation tax on tobacco products.

The changes to the LIC law have been approved by the 2021 finance law and the notification of the relevant rules has been published.

The CCEA approved in principle the proposed IPO of LIC’s shares through an initial public offering (IPO).

Several other divestment operations are underway at various stages.

Q: If the government revises the divestment target for this fiscal year

Divestment revenues also depend on investor interest and market conditions.

Q: if there is a plan to reduce excise duties

The excise duty rates on gasoline and diesel have been calibrated to generate resources for infrastructure and other development spending taking into account the current fiscal situation.

So far, the GST Council has made no recommendation for the inclusion of gasoline and diesel in the GST.

Fin min estimates India’s total debt at 60.5% in FY22 versus 51.6% of GDP in FY21

Fin Min estimates India’s public debt (which includes external and domestic debt) at 52% vs. 42.4%

Source: Sapna Das from CNBC-TV18

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