Level crossing removal

Government is all set to walk away with the highest level of excise duty collection from the petroleum sector this year, even as fuel consumers continue to face persistent increase in petrol and diesel prices that has taken the retail prices to historic high levels across the country. In the nine month period of current fiscal ending December 31, 2020, Centre's excise duty collections from the petroleum sector has already touched Rs 2,35,811 crore-mark, much more than what it got in the full financial year 2019-20. At this pace, collections may well cross Rs 3 lakh crore for the very first time in FY21. Last fiscal, the Centre received Rs 2,23,057 crore as excise revenue from the petroleum sector. The numbers were even lower at Rs 2,14,369 crore in FY19. Only in FY17, excise collections remained firm at Rs 2,42,691 crore when the government raised excise duty taking advantage of low crude prices. Higher collections as taxes have come at a time when consumers are facing the ... » Learn More about Government gets tax-rich from oil sector, consumers bear brunt

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One97 Communications , Paytm ’s parent entity, along with a board seat and recognition as a co-founder, while accusing the company’s founder and CEO Vijay Shekhar Sharma of going back on his promise and allegedly misappropriating his investments. Ashok Kumar Saxena (aged around 70 years), who claims to be a founder-director of One97 Communications, lists initial investments of $27,500 between January 2001 and April 2002 towards his promised stake of 55% in the company through an agreement allegedly signed in September 2001. In a legal notice to Sharma, he has also alleged that he was “wrongfully removed” as a director in February 2004. Saxena, who claims to be a serial entrepreneur and an aerospace & telecommunications technologist, said due to personal events in his life, he was unable to take up the issue earlier. In the notice, sent by law firm AugustLegal on February 1, Saxena has claimed to have first met Sharma around 1999, when he was “relatively fresh out ... » Learn More about US-based Indian entrepreneur claims big stake in Paytm parent