New Delhi: The government on Thursday cut the windfall profit tax on crude oil produced in the country and on exports of diesel in line with softening international oil prices. The tax, levied in the form of Special Additional Excise Duty or SAED, on domestically produced crude oil has been reduced to Rs 6,300 per…
New Delhi: India, the world’s third-largest oil consumer, has asked oil producers cartel OPEC to maintain and ensure market stability for the benefit of consumers, producers, and the global economy. Oil Minister Hardeep Singh Puri said this at the 6th India-OPEC Energy Dialogue that took place on November 9 in Vienna, an official press statement…
New Delhi: Net direct tax collection swelled 22 percent so far this fiscal year to Rs 10.60 lakh crore, crossing 58 percent of the Budget target for the full year, the Income Tax department said on Friday. The net corporate tax collection grew 12.48 percent and personal income tax mop-up rose 31.77 percent. “Direct Tax collection,…
New Delhi: THDC India Ltd (THDCIL) is planning to set up 3,270 megawatts (MWs) of clean energy projects, including pumped storage and floating solar, in Karnataka, its chairman and managing director R K Vishnoi has said. In this regard, the Uttarakhand-based company on Thursday signed two memoranda of understanding with Karnataka Power Corporation Limited (KPCL)…
Panjim: Cheers Group, a significant player in the global spirits industry, recently launched an industry-first initiative “Care4Planet” as it journeys towards the removal of mono-cartons from its packaging. Way back in 2016, Cheers Group launched its Labrodog Aged 12-year-old blended Scotch whisky in India in a 750ml glass bottle without a mono-carton which was the…
Mumbai: Reserve Bank of India remains watchful and the monetary policy is actively disinflationary and supporting growth, Governor Shaktikanta Das said on Thursday. The government has mandated the RBI to ensure that inflation based on the Consumer Price Index (CPI) remains at 4 per cent with a margin of 2 per cent on either side….
Hyderabad: BRS president and Telangana Chief Minister K Chandrasekhar Rao on Thursday filed nomination from his Gajwel Assembly constituency in Siddipet district for the November 30 assembly polls. Rao, who reached Gajwel by a chopper, submitted his nomination to the Returning Officer. After filing the paper, he went around the ground there in an open-top…
Thiruvananthapuram: Kerala’s pioneer IT hub Technopark here has reported a remarkable surge in software export revenue for the financial year 2022-23. The organization saw a substantial increase of Rs 1,855 crores in export revenue, registering a 19 per cent growth compared to the previous fiscal year, a statement said here on Wednesday. Also, the Technopark…
New Delhi: The US International Development Finance Corporation (DFC) will provide USD 553 million financing to Colombo West International Terminal Pvt Ltd – a consortium of India’s largest port operator Adani Ports and SEZ Ltd, Sri Lanka’s leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority. DFC is the US government’s development finance…
New Delhi: Air India has entered into an interline partnership with Alaska Airlines. The partnership will allow Air India customers to “avail seamless connections from New York JFK, Newark-New Jersey, Washington DC, Chicago, San Francisco, and Vancouver gateways to and from 32 destinations in the USA, Mexico, and Canada on Alaska Airline’s network”, according to…
