Cigarettes and other tobacco products are set to become significantly more expensive from February 1, 2026, after the Centre announced a steep hike in excise duties, citing rising public health costs, and long-standing revenue leakages in the sector.
Meloni's statement reflects the challenges Italy faces, including economic growth, public debt, and labour market issues. The government's 2026 budget aims to lower the fiscal deficit to 2.8% of GDP, while addressing tax hikes and social contributions.
Mamdani ran on promises to confront economic inequality and cost-of-living issues, vowing rent freezes for residents of rent-stabilized units affordable housing construction, free -- and faster -- bus service, free childcare, city-owned grocery stores to address high food costs and tax hi
A 10 percent increase has been proposed for property tax, and a 15 percent increase has been proposed in the rates of consumer charges which include water rate, sewerage, and solid waste in the BMC's budget for FY 2025-26.
R Ashoka, Leader of the Opposition in Karnataka, criticizes CM Siddaramaiah and DCM Shivakumar over price hikes, taxes, and mismanagement in a BJP protest. He accuses Congress of exploiting the public through taxes and commissions while neglecting infrastructure.
Finance Minister Nirmala Sitharaman, during her Union Budget 2025 speech, announced that no income tax will be payable on income up to Rs 12 lakh, providing significant relief to taxpayers especially the middle class.
In their customary pre-budget meeting with Union Finance Minister Nirmala Sitharaman, trade union leaders suggested a super-rich tax and an increase in corporate tax to fund social security for informal workers.
Private educational institutions across Pakistan have strongly opposed the government's proposed imposition of a point-of-sales tax on private schools charging monthly fees of over one thousand Pakistani rupees. The schools have threatened nationwide protests if the tax is implemented, The N
All Pakistan Traders Association and various trader groups in Rawalpindi have announced a citywide lockdown, including in the cantonment area, on Wednesday, Pakistan-based daily
The demonstration was in response to the imposition of new taxes, a reduction in the wheat quota for July, and a failure to supply wheat for the past two months.