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GOVERNMENT TAX REDUCTION ON OIL
Bond selloff deepens as inflation, oil prices jolt marketsThe bond market is undergoing a tumultuous selloff, resulting in elevated borrowing costs for potential borrowers. Concerns surrounding inf...- PM Modi urges Indians to avoid buying gold to curb trade deficit and support rupeePrime Minister Modi renewed his appeal for Indians to avoid buying gold unless necessary. This call aims to curb bullion demand and ease ec...
- Windfall tax slashed on fuel exportsNew Delhi has reduced export duties on petrol, diesel, and aviation fuel. The levy on petrol exports is now ₹1.15 per litre, a significant ...
- Chevron to expand Venezuela operations: US official confirms new investments and visitEnergy giant Chevron is expected to announce its expansion plans in Venezuela soon. Company officials and the Energy Secretary will visit V...
- 7.8% slam dunk! 'Dead' economy proved to be quite alive and kickingIndia’s GDP grew 7.8% in Q1 FY27, beating RBI’s 7% forecast and the 7.1% Reuters poll median despite an oil shock, geopolitical tensions an...
- Global Market: Japan bond yields hit 3% for first time in 30 years amid inflation, fiscal risksJapan’s benchmark government bond yield hit 3% on Tuesday for the first time since September 1996, marking a major shift for a market long ...
- Trump's oil deal with Venezuela raises red flags for some major producers, sources sayA proposed US deal granting North American Blue Energy Partners a 100-year lease over 17 Venezuelan oilfields is raising concerns among maj...
- ATF price up 5.46%, commercial LPG rate rises Rs 9.50ATF prices rose 5.46% to ₹121.28 per litre, adding to airlines’ costs, while commercial LPG prices increased by ₹9.50 to ₹2,747.50 per 19-k...
- ONGC can withstand oil prices in $60-90 range, says chairmanONGC chairman Arun Kumar Singh stated the company is prepared for oil prices between $60-90 per barrel. The company's integrated operations...
- Venezuelans view US oil deal with doubt, hopeVenezuela and the United States have finalized a significant oil deal. This agreement aims to revitalize the nation's struggling petroleum ...
- Trump to replenish US oil reserves with Venezuelan crude; 'topping out' process to begin shortlyDonald Trump announced plans to refill the Strategic Petroleum Reserve. He stated Venezuelan oil would be used for this replenishment effor...
- India’s Q1 GDP growth quickens to 7.8% as consumption, capex offset US-Iran war shockIndia’s GDP grew 7.8% in Q1 FY27, slower than the revised 8.6% in Q4 FY26, but faster than the revised 6.9% in Q1 FY26. The Q1 growth beat ...
- Finance Act 2026: Updated return rules change for taxpayers reporting reduced lossesThe Finance Act, 2026, has plugged a significant gap. Earlier, an updated return could not be filed if unaccounted income merely reduced a ...
- New labour code impact: Rs 8k less take home pay likely for employee with Rs 15 lakh CTC; check the impact on CTCs of Rs 10 lakh, Rs 25 lakh and Rs 50 lakhNew labour codes mandate higher provident fund contributions for employees. This change reduces monthly take-home pay for many salaried ind...
- Retiring early? Know how much tax exemption can employees claim for VRSYou can claim full tax exemption on VRS if the scheme was launched under special framework; Know how it works for employees claiming VRS.
- Trump administration weighs US ownership stake in Venezuela’s vast oil reserves: ReportThe Trump administration is discussing a potential US ownership stake in Venezuela’s oil industry, Axios reported, covering more than a doz...
- India’s budget math brightens with asset sales target in sightIndia's fiscal position has improved significantly from earlier concerns. The government is set to exceed its asset sale target for the fir...
- Indian economic growth likely slowed to 7.1% in April-June quarter: Reuters pollIndian economic growth slowed to 7.1 percent in the April-June quarter. Consumer spending and government expenditure supported this growth ...
- NU Vista receives ₹15.41 crore Show Cause Notice for input tax credit irregularitiesCement firm NU Vista received a ₹15.41 crore notice alleging input tax credit irregularities. The notice covers four fiscal years from 2020...
- India cuts windfall tax on exports of petrol, diesel, aviation fuelIndia has reduced windfall taxes on petrol, diesel, and aviation fuel exports. The duty on diesel exports is now 24 rupees per litre, while...
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