By Dharmesh Shah Equity benchmarks extended profit booking over a second consecutive session and concluded the previous week on a subdued note. The Nifty skidded 2.4% to settle for the week at 17672. The broader markets performed in tandem with the benchmark and settled 2% lower. Sectorally, pharma, PSU Banks…
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Cut excise duty on CNG till gas is included in GST: Kirit Parikh panel
The Union government should moderate the excise duty it levies on CNG till such time that the environment-friendly natural gas is included in the one-nation-one-tax GST regime, Kirit Parikh Committee has recommended. Natural gas is currently outside the ambit of GST, and existing legacy taxes — central excise duty, state…