The Indian govt has already imported #crude oil from #Russia at discounted rates and is looking to further diversify its #petroleum basket.
Read about it 👇
https://www.moneycontrol.com/news/business/economy/govt-exploring-all-options-to-procure-crude-oil-at-affordable-rates-says-finmin-8330161.html?utm_source=telegram&utm_medium=social
Read about it 👇
https://www.moneycontrol.com/news/business/economy/govt-exploring-all-options-to-procure-crude-oil-at-affordable-rates-says-finmin-8330161.html?utm_source=telegram&utm_medium=social
Moneycontrol
Govt exploring all options to procure crude oil at affordable rates, says FinMin
The Indian government has already imported crude oil from Russia at discounted rates and is looking to further diversify its petroleum basket.
India's #crude #oil production during March stood at 2526.11 TMT, 12.49% lower than the targeted 2886.55 TMT, the Ministry of #Petroleum and Natural Gas said.
Read the details 👇
https://www.moneycontrol.com/news/business/commodities/march-crude-oil-production-at-2526-11-tmt-12-49-lower-than-target-8385201.html?utm_source=telegram&utm_medium=social
Read the details 👇
https://www.moneycontrol.com/news/business/commodities/march-crude-oil-production-at-2526-11-tmt-12-49-lower-than-target-8385201.html?utm_source=telegram&utm_medium=social
Moneycontrol
March crude oil production at 2526.11 TMT, 12.49% lower than target
As per the report, crude oil production failed to meet target while also lower in terms of year-on-year (YoY) data for the period. Natural gas production was higher in YoY terms, but still lower than the monthly target.
#MCOpinion: States earn significant revenues from taxing #petroleum products. This is particularly true for the richer or the so-called industrialised states such as Tamil Nadu & Maharashtra.
Read more 👇
https://www.moneycontrol.com/news/opinion/prime-minister-narendra-modis-appeal-to-lower-vat-on-fuel-carries-a-message-on-burden-of-fiscal-responsibility-8425101.html?utm_source=telegram&utm_medium=social
Read more 👇
https://www.moneycontrol.com/news/opinion/prime-minister-narendra-modis-appeal-to-lower-vat-on-fuel-carries-a-message-on-burden-of-fiscal-responsibility-8425101.html?utm_source=telegram&utm_medium=social
Moneycontrol
Prime Minister Narendra Modi’s appeal to lower VAT on fuel carries a message on burden of fiscal responsibility
The Prime Minister’s April 27 remarks need to be seen in the context of the high tax structure in petroleum pricing, which is a painful legacy issue in a rather flawed design of India’s energy economics