The UK government expects higher revenues from its overhaul of the non-domicile tax regime, even as more ultra-wealthy individuals leave th...

UK banks face calls for a new tax on profits to recover taxpayer money lost from QE. Shares of NatWest, Lloyds, and Barclays fell after the...

The new oilfield development bill passed by the Lok Sabha will prevent the imposition of windfall tax on oil and gas producers, stated petr...

Britain plans to revamp its windfall tax regime for oil and gas producers after 2030, aiming to transform the North Sea into a renewable en...

Chancellor of Exchequer, Jeremy Hunt has released a financial update consisting of key points for the 2022 Autumn statement- Here are the k...

British banking stocks rallied, while shares in the power sector came under pressure after Hunt announced a windfall tax on oil and gas fir...

Saying the U.K. faces "unprecedented global headwinds," Treasury chief Jeremy Hunt is unveiling tax increases and spending cuts in a speech...

Announcing spending reductions and tax increases totaling tens of billions of pounds is what the UK government is about to do in this autum...

According to the finance ministry, the objective to increase the taxes is to increase the domestic availability of fuel. However, it will n...

Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) reported bumper profits in the March quarter (when international prices soar...

The tax, which may come in form of a cess, will kick in the moment oil prices cross USD 70 per barrel, sources privy to the development sai...

Now, our annual oil import bill is $150 billion and rising, and we need proactive policy to boost indigenous production.

In practice, though, India has a very shabby record in managing its mineral wealth, either to make it available for the economy or to gener...

Market-determined pricing of gas is possible only when a well-distributed gas pipeline network has been laid and supply has been stepped up...

The special tax on bonuses paid by the banks will result in earnings of more than 2.5 billion pounds for the UK government, says a media re...

The recent, select demands to levy windfall taxes on private-sector petroleum companies do call for a proper policy debate. It’s a current ...

The fight between the Ambani brothers is slowly gaining political hues. Or, at least, that’s what the private sector oil firms feel.