Inflation: Pulses put on display for sale at wholesale grocery market Khari Baoli, Delhi | Photo Credit: Sushil Kumar Verma The latest annual report released by the RBI highlights the factors and disruptors that heightened inflation levels worldwide. It also identifies the specific commodities that affected inflation across different components, like food, fuel and core […]
Continue Reading
Image for representational purpose only. | Photo Credit: The Hindu The government has extended export curbs on petroleum products that compel oil refiners to sell a significant chunk of their export volumes in the domestic market, as per a notification issued on April 1 by the Directorate General of Foreign Trade (DGFT). These restrictions had […]
Continue Reading
Private refiners were also making windfall gains by sourcing Russian oil at discounted rates and re-exporting them to other markets. File | Photo Credit: The Hindu The government has extended export curbs on petroleum products that compel oil refiners to sell a significant chunk of their export volumes in the domestic market, as per a notification […]
Continue Reading
The export levy on diesel and ATF is the lowest since the tax was introduced in July last year. Photo used for representational purpose only. File | Photo Credit: AP The government slashed windfall profit tax on export of diesel to its lowest of ₹0.50 per litre and nil on jet fuel (ATF) while the […]
Continue Reading
The rupee opened at 82.87 against the greenback and closed at 82.85, registering a fall of 10 paise | Representational Image. | Photo Credit: SUDERSHAN V The rupee depreciated by 10 paise to close at 82.85 (provisional) against the U.S. currency on Monday as a stronger dollar in the overseas market and a muted trend […]
Continue Reading
Shun Tai crude oil tanker is seen anchored at the terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia on December 4. | Photo Credit: REUTERS The story so far: After months of negotiation, western countries comprising the Group of Seven nations, the European Union and Australia, agreed to a price ceiling […]
Continue Reading
‘Grant to cover losses from LPG sales since 2020 positive, but not enough for IOCL, BPCL and HPCL’ ‘Grant to cover losses from LPG sales since 2020 positive, but not enough for IOCL, BPCL and HPCL’ India’s State-owned Oil Marketing Companies have lost an estimated $6.5 billion-$7 billion on petrol and diesel sales due to […]
Continue Reading
Big energy companies clocked huge profits in the first half of this year, making record windfall gains which governments have tried to rein in Big energy companies clocked huge profits in the first half of this year, making record windfall gains which governments have tried to rein in The story so far: Finance Minister Nirmala […]
Continue Reading
Rupee depreciation wiped away some of the gains that would have accrued to India from international oil prices dropping to pre-Ukraine war levels Rupee depreciation wiped away some of the gains that would have accrued to India from international oil prices dropping to pre-Ukraine war levels The Indian rupee nearing 80 to a U.S. dollar […]
Continue Reading
In a bid to curb a surge in gold imports and check windfall profits being made by crude petroleum producers, the Government has raised the import duty on the yellow metal from 10.75% to 15% and levied fresh taxes on the export of petrol, fuel and ATF as well as the domestic sale of crude […]
Continue ReadingCopyright © 2022
Designed and Developed by Cpool Digital Learning
