Centre hikes windfall tax on locally produced crude
New Delhi: The Centre on Monday increased the windfall tax on domestically produced crude oil to ₹2,100 per tonne from the existing ₹1,700.The revised tax rate is effective from January…
Centre sure of meeting fiscal deficit target
New Delhi: The Centre expects to meet or even do better than the budgeted FY23 fiscal deficit target, pegged at 6.4% of GDP, on the back of buoyant revenues, officials…
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…
Energy operations’ underperformance to mar RIL’s Q2 show, says Morgan Stanley
Industries’ oil-to-chemicals (O2C) business in the September quarter has borne the brunt of headwinds faced by the energy market, and this is expected to weigh on its overall earnings, said…
Reliance, ONGC’s credit quality can bear windfall tax, says Moody’s
Billionaire Mukesh Ambani’s . and state-run Oil & Natural Gas Corp. are unlikely to suffer a “material” dent to their credit quality from India’s decision to levy additional taxes on…