Mukesh Ambani snatches Jack Ma's crown, Forbes released the list of nobles

Mukesh Ambani snatches Jack Ma's crown, Forbes released the list of nobles

Business Desk: India has ranked third in the world in terms of the number of billionaires in the world. Not only this, Mukesh Ambani, the chairman of Reliance Industries, has taken away the crown of Asia's richest person from Jack Ma of China. Jeff Bezos remains the world's richest for the fourth consecutive year. This information has been revealed in the new list of Forbes magazine. Now there are more billionaires in the world than India only in America and China. The number of billionaires in India has risen to 140. Significantly, a year ago, Alibaba founder Jack Ma was the wealthiest person in Asia.

Adani became the second richest 
person in India and Asia and Mukesh Ambani, chairman of Reliance Industries, is the world's number 10 emir. His total net worth is $ 84.5 billion. Gautam Adani of the Adani Group has become India's second richest and the world's number 24 billionaire. His net worth is around $ 50.5 billion.

Shares of 4 of the 6 listed companies of Adani Group reached an all-time high on Tuesday. Currently, the Adani Group's 5 companies have a market cap of over Rs 1 lakh crore. With this, the total market cap of the 6 listed companies of the group reached $ 107 billion. Shares of Adani Enterprises, Adani Ports and Special Zone Limited, Adani Total Gas and Adani Transmission all-time high.

Bezos is still the world's richest 
Amazon founder and CEO Jeff Bezos is still the world's richest. He remains at the top spot for the fourth consecutive year. Bezos has a net worth of $ 177 billion. It has increased by $ 64 billion compared to a year ago. In second place is Elon Musk, the founder of SpaceX and well-known for electric cars. His net worth has risen to $ 151 billion. It has increased by a huge $ 126.4 billion compared to a year ago. 


'Government will decide to cut excise duty on petrol and diesel when the time comes'

'Government will decide to cut excise duty on petrol and diesel when the time comes'

Business Desk: Central Board of Indirect Taxes and Customs (CBIC) Chairman M Ajit Kumar said on Tuesday that the government would consider reducing petrol and diesel prices by cutting taxes when the appropriate time comes. The indirect tax collection from record excise duty on petrol and diesel was up 59 percent year-on-year in the financial year 2020-21, ending March 31. 

In a video call with reporters to give information about tax figures, he said, "We hope that the revenue will be good in the coming months." "As far as fuel price cuts are concerned," Kumar said , The Government is constantly on the lookout on this matter and I am confident that a decision will be taken whenever the time comes. Is considering a cut. However, he did not elaborate on the appropriate timing. 

The price of petrol and diesel was
raised by the government by Rs 13 per liter on petrol last year, while on diesel by Rs 16 per liter. The excise duty on petrol is now Rs 32.90 per liter. The petrol rate in Delhi is Rs 90.56 per liter and excise duty is 36 percent. Excise duty on diesel is Rs 31.80 per liter and excise duty is 39 per cent of its retail selling price of Rs 80.87 per liter. 

Adding VAT (value added tax) of states constitutes 55 to 60 per cent of the total tax in retail prices of these fuels. Petrol prices reached Rs 100 a liter in February in some parts of the country, Rajasthan, Maharashtra and Madhya Pradesh, amid the rise in the price of crude oil in the international market. Although assembly elections were announced in five states, including West Bengal, Tamil Nadu and Kerala, the price hike was put on hold. CBIC member (budget) Vivek Johri said one of the reasons for the 59.2 percent increase in excise collection is the increase in the petroleum tax rate. "If there is a deduction, the revenue collection will be affected by the excise duty," he said. 

Tax collection on oil reached Rs 2.94 lakh crore
Last month, Petroleum Minister Dharmendra Pradhan said in Parliament that tax collection on petrol and diesel was Rs 52,537 crore in 2013, which increased to Rs 2.13 lakh crore in 2019-20. At the same time, it increased to Rs 2.94 lakh crore in the first 11 months of 2020-21. CBIC did not separately provide data on excise collection on petrol and diesel in 2020-21.