The windfall taxes on domestic crude oil production and fuel exports will generate close to USD 12 billion (Rs 94,800 crore) for the government in the remainder of the current fiscal while trimming profits of firms such as Reliance Industries Ltd and ONGC, Moody’s Investors Service said Tuesday. On … Read more
The Indian government bond yields fell sharply on Monday, mirroring US bond yields over the weekend, as signs of weakening economic growth worldwide raised questions over the degree of policy tightening that central banks may execute. Yield on the domestic 10-year benchmark 6.54 per cent 2032 paper fell 5 … Read more
The Rajasthan government is soon likely to introduce in the Assembly the Right to Health Bill — the first of its kind in India — which aims to commit to quality and affordable health care services through government and private health care providers. In January, the government had prepared … Read more
The government will review the just introduced windfall tax on domestically produced crude oil and fuel exports every two weeks based on foreign currency rates and international oil prices, but no levels have been fixed for its recall, top officials said on Monday. Revenue Secretary Tarun Bajaj said the … Read more
The UK government is considering plans for cross-generation mortgages, according to a Sky News article. The new plans would see homeowners take out 50-year mortgages to be passed on to their children when they die. The Sky News article explains that the Japanese-style lending agreements could see people being able to buy a home with … Read more
In an impetus to Tamil Nadu’s goal of becoming a $1 trillion economy, the state secured investments worth Rs 1.44 trillion on Monday by signing of memoranda or understanding, laying of foundation stones and inauguration of new projects. MoUs for as many as 60 projects involving a cumulative investment … Read more
India’s macroeconomic fundamentals are strong to deal with global challenges and the central government is committed to stick to the fiscal deficit target of 6.4 per cent of the GDP for the current fiscal, sources said on Monday. The government is taking steps to deal with the spiralling crude … Read more
Months after a spate of fires in two-wheelers put a dent in India’s EV overdrive, the central government will soon take a call on whether or not to take penal action against manufacturers of faulty electric vehicles. In April, Union Minister for Road Transport, Nitin Gadkari, warned EV makers … Read more
Live news updates: The two-day Monsoon session of the Delhi Assembly will start on Monday, in which Arvind Kejriwal-led AAP government will table a Bill to increase the salaries of MLAs, according to an Assembly bulletin. The AAP government is likely to bring a resolution against the Centre’s Agnipath defence recruitment … Read more
Environmentalists are gearing up for another round of battle over the Metro-3 car shed project, which the new Eknath Shinde-led government in Maharashtra has proposed to move back to Mumbai’s Aarey forest, an 1,800 acre area which is often termed as the city’s ‘green lung’. Apart from leopards, some … Read more