Govt cuts windfall tax on crude oil, hikes taxes on aviation fuel, diesel

Govt cuts windfall tax on crude oil, hikes taxes on aviation fuel, diesel

The Centre today slashed the windfall tax on export of locally produced crude oil to Rs 9,500 per tonne from Rs 11,000 per tonne. However, windfall tax on exports of aviation fuel has been increased to Rs 5 per litre from Rs 3.50 per litre while on disel it has been hiked to Rs 13/litre … Read more

Travel budget set to take hit as flying becomes expensive; Here’s why

Travel budget set to take hit as flying becomes expensive; Here’s why

Travelling is back and how! Countries across the globe are lifting travel restrictions and relaxing their borders. The United States recently announced that it is not required to have a Covid-19 test to enter the country. Germany, China have also relaxed the norms. The global tourism industry is now on track to recover fully after … Read more