New Delhi: The applicability of newly reimposed export windfall taxes on shipments of diesel and ATF from Reliance Industries’ SEZ refinery remains the key uncertainty, following India’s fuel duty overhaul, with significant implications for refining margins and government revenues, according to analysts. Under the revised framework, effective March 26, India has imposed export duties of…
Noida: Welcoming the inauguration of the Noida International Airport, several locals on Saturday urged the government to ensure affordable airfare so that the facility benefits not just the affluent but also the economically weaker sections. Prime Minister Narendra Modi inaugurated the first phase of the airport on Saturday at Jewar in Gautam Buddh Nagar district….
New Delhi: India on Saturday said it has strongly opposed the contentious China-led Investment Facilitation for Development (IFD) Agreement for its incorporation into the WTO framework. Incorporation of the IFD agreement risks eroding the functional limits of the WTO and undermining its foundational principles, Commerce and Industry Minister Piyush Goyal said in a social media…
New Delhi: Delhi minister Manjinder Singh Sirsa on Friday said the government has increased commercial LPG allocation to 70 per cent of previous levels, easing concerns among industries and eateries, while asserting that there is no shortage or panic buying in the city. The revised order, issued by the Delhi government following directives from the…
New Delhi: The government has slashed excise duty on petrol to Rs 3 a litre and exempted diesel fully from it to help oil marketing companies like HPCL, BPCL, and IOC deal with the rising global crude prices amid the war in the Middle East. The Finance ministry, in a notification dated March 26, cut…
Washington: The Federal Communications Commission has mooted proposals to encourage businesses to bring call centre jobs back to the US and require call-takers to be proficient in American Standard English. In a statement here, the Federal Communications Commission (FCC) said that over the past few decades many corporations shifted their customer service and call centre…
Washington: US President Donald Trump’s signature is set to feature on US paper currency soon, a first for a sitting president since the introduction of dollar bills in 1861. The decision, taken by the US Treasury, coincides with the 250th anniversary celebrations of American Independence this year. “In celebration of America’s 250th anniversary, President Donald…
Tehran/New Delhi: Iran allowed India and several other “friendly nations”, including China and Russia to use the Strait of Hormuz for commercial shipping, Iranian Foreign Minister Seyed Abbas Araghchi has said. Global oil and gas prices have surged after Iran virtually blocked the Strait of Hormuz, a narrow shipping lane between the Persian Gulf and…
New Delhi: Aviation watchdog DGCA has asked Air India to take corrective measures after the airline deployed a wrong aircraft for operating a flight to Vancouver last week, a senior official said on Thursday. Action has also been taken against an airline official for the incident, the senior official at the Directorate General of Civil…
HDFC’s quiet structural amendment may look like a small-print change—but it carries large implications. Every Indian investor in a Gold ETF needs to pay attention. For nearly two decades, a simple idea has underpinned India’s Gold ETF industry: physical backing. Every marketing brochure, every financial advisor’s pitch, and every retail investor’s mental model rested on…
