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Even though global crude oil priced have fallen in last couple of weeks to reach a level close to $65 a barrel from a high of $77 reached early last month, there has been no commensurate cut in petrol and diesel rates in India.
Expanding the scope of taxation, the tax department will now levy GST on the supply of e-vouchers thereby bringing even exclusive marketing companies under the tax net.In a recent ruling the Authority for Advance Ruling, Karnataka brought ...
The Indian Railways has proposed to cut down its passenger coach production almost by half over next couple of years as it looks to get leaner with competition from roadways and airways eating into its traffic.In a meeting taken by the Railway ...
Pandemic-hit govt finances get crude shock; oil import bill to fall to decade low levels Sun, Jul 25 2021 9:51 IST | 0 Views Petrol. (File Photo: IANS). Image Source: IANS News New Delhi, July 25 : In a clear indication that the global oil market may not present an advantage to India as it provided during the pandemic-hit fiscal 2020-21, the countrys oil import bill in the first three months of current fiscal has increased close to three times to reach scales not seen in past few years. As per recent numbers on oil trade, the country's oil import bill has risen to $24.7 billion in ...
Govt may issue guidelines for 'flex-fuel' vehicles by Oct By IANS | 5 Views Petrol. . Image Source: IANS News New Delhi, July 4 : Auto companies may soon be asked to manufacture passenger and commercial vehicles that run on multiple fuel configuration aimed at reducing the use of polluting fossil fuels and cutting down harmful emissions. New guidelines for use of flexible fuel vehicles (FFVs) using flex engines is expected to be issued by the third quarter of current year (FY22) that would specify engine configuration and other changes required in vehicles to conform to stipulated c...