Cairn looks to seize Air India assets to recover $1.7 bn
UK's Cairn Energy Plc has brought a lawsuit in the US court that potentially can lead to seizing of Air India's overseas assets such as airplanes…
tax
The latest tax news, analysis and data from India and across Asia, reported by Energy Asia.
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Petrol, diesel prices at record highs, breaches Rs 100-mark
Petrol and diesel prices on Monday hit record highs across the country after rates were increased for the fifth time in a week
Cairn offers to forego $ 500M if India pays principal due
Cairn Energy Plc has offered to forego USD 500 million and invest that amount in any oil and gas or renewable energy project identified by the…
Jet fuel price cut by 3% amid softer global crude rates
In the first reduction in rate in two months, jet fuel or ATF price was cut by 3% in line with softening international crude oil prices.
128 solar plant non-functional since BJP came to power
As many as 128 solar power plants at police establishments in Jammu and Kashmir remained non-functional since 2014 due to non-settlement of payment of works contract…
Remove distortions before bringing petrol under GST: Moily
Former Union Oil Minister and senior Congress leader M Veerappa Moily said distortions in the GST Act will have to be removed before the government considers…
Not possible to bring petrol under GST for next 8-10 years
BJP leader Sushil Kumar Modi said it is not possible to bring petrol and diesel under the GST regime for the next eight to 10 years…
Petrol, diesel prices cut by 18 paise & 17 paise respectively
In the first reduction in rates in over a year, petrol price on Wednesday was cut by 18 paise per litre and diesel by 17 paise…
LPG price, petroleum taxes rise since BJP came to power
Price of domestic cooking gas, LPG has doubled to Rs 819 per cylinder in the last seven years while the increase in taxes on petrol and…
Finance Ministry exploring options to ease petrol, diesel price
Amid mounting pressure from all the quarters to reduce taxes on petrol and diesel, the Finance Ministry vigorously started to discuss the burning issue which has…
Shiv Sena slams Sitharaman’s Dharm-Sankat remark on fuel
The Shiv Sena on Friday targeted Union Finance Minister Nirmala Sitharaman for referring to the issue of high fuel prices as dharm-sankat
Congress leaders detained during protest against fuel prices
Jammu and Kashmir Congress chief Ghulam Ahmad Mir was among the large number of party workers who were detained here on Thursday during a protest against…
Government gets tax rich from oil as consumers bear brunt
Government is all set to walk away with the highest level of excise duty collection from the petroleum sector this year, even as fuel consumers continue…
Petrol nears Rs 91 per litre mark in the national capital
Petrol price neared the Rs 91 per litre mark in the national capital and diesel crossed Rs 81 a litre, as fuel prices were hiked again…
Fuel prices rise again after two-day break
The petrol and diesel prices across the country continued their northward march after two days break taking its retail rates to unprecedented levels while burning bigger…
Pradhan gives two main reasons behind rising fuel prices
Union Petroleum and Natural Gas Minister Dharmendra Pradhan said that reduced fuel production and oil-rich nations seeking more profits are the primary reasons behind spiralling petrol…
Modi blames previous govt for not cutting import dependence
On a day when petrol crossed the Rs 100 mark, Prime Minister Narendra Modi said the middle-class would not have been burdened if the previous governments…
Meghalaya government reduces petrol, diesel prices by Rs 7
Meghalaya Chief Minister Conrad Sangma has informed that the prices of petrol and diesel will be reduced by Rs 7 approximately in the state.
Pradhan rules out any plans to cut taxes on petrol, diesel
Petroleum Minister Dharmendra Pradhan ruled out any cut in excise duty, for now, to give relief to consumers from the spiralling retail prices of petrol and…
Congress calls for Odisha bandh over rising fuel prices
The Congress gave a call for a seven-hour Odisha shutdown on February 15 to protest against the rising prices of petrol and diesel.
SAIL clocks best ever Q2 hot metal and crude steel production
SAIL declared the results for the Second Quarter of the current Financial Year. The Company posted a net loss of Rs 342.84 Crore in Q2 FY’20.…