In a Facebook post titled 'The oil prices and the hypocrisy of the opposition', Jaitley accused the government critics of doing a 'volte fa...

In its announcement earlier in the day, the finance ministry has cut the excise duty on petrol and diesel by Rs 2.50 a litre.

Industry has been lobbying to link the cess on oil to an ad valorem rate and was expecting it to be in the range of 8-10%

With oil prices dropping to an 11-year low of under $35 per barrel, the cess translates into one-third of the realisation going away in jus...

The oil ministry has agreed to the demand of oil producers to switch from a fixed cess on oil production to ad-valorem, which could help lo...

The royalty rates on coal and lignite were last revised in 2012 and the next revision can take place only with effect from May next year, a...

The govt has constituted a panel to consider revision of rates of royalty of coal which is at the present 14% ad-valorem on price of the fo...

REpower will also provide the full maintenance of the windfarms for 10 years, the statement said without specifying the financial details o...

Suzlon Energy has bagged orders to supply wind turbines totalling 48 mw from French energy company Valorem, the wind turbine maker said Thu...

Coal Ministersaid state govts should not have any problems on coal-royalty based on ad valorem, as their coffers grow automatically with in...

While replacement of excise duty rates will have a negative impact, initiatives to stimulate rural growth and import duty cut on pet coke &...

Aimed at discouraging iron ore exports, Finance Minister proposed to levy 20% ad valorem duty on all types of outbound shipment of the key ...

The government could replace the flat rupee-denominated excise levy on some manufactured goods with the usual percentage-based system, or a...

Government on Friday rolled back the export duty on flat steel products and imposed a 15 per cent ad-valorem duty on overseas sales of iron...

The oil ministry seems to have launched a nationwide campaign against ad valorem duty structure on fuel to save oil companies and consumers...

Major reforms in taxation on petrol products, abolition of ad valorem on excise duty mooted.

Power tariffs are likely to go up further as the government is planning to revise royalty rates on coal, shifting it from the current speci...