In a relief to people ahead of the Lok Sabha polls expected to be held in April-May, the government has decided to cut the price of petrol and diesel by Rs 2 per litre. The Ministry of Petroleum and Natural Gas said in a post on X that Oil Marketing Companies (OMCs) have informed that […]
The Centre has introduced guidelines for the prevention and regulation of dark patterns and has banned its use on e-commerce platforms that intend to deceive customers or manipulate their choices. In a gazette dated 30 November 2023 by the Central Consumer Protection Authority (CCPA), the new guidelines were notified and will apply to all ecommerce […]
India cut the windfall tax on diesel and crude oil on Thursday, according to a government notification. The government cut the windfall tax on crude oil to Rs 6,300 a tonne from 9,800 rupees a tonne while cutting the diesel windfall tax to 1 rupee per litre from Rs 2 per litre, the notification said. […]
India is expected to cut the floor price it has set for basmati rice exports, government and industry sources said on Tuesday, after farmers and exporters complained it was damaging trade. The government is likely to bring down the floor price, or minimum export price (MEP) for basmati rice, to USD 950 per metric ton […]
The Indian government has made significant policy decisions aimed at maintaining food price stability and ensuring food security within the nation. These measures have been introduced in response to the evolving global and domestic food market landscape. Sanjeev Chopra, Secretary Department of Food and Public Distribution said, “We have roughly 57 lakh tonnes of stock […]
In a significant development meant to provide relief to consumers and companies, the government has announced a cut in windfall taxes on important petroleum products, including crude oil, aviation turbine fuel (ATF), and diesel. The country’s fiscal policy will alter with the implementation of these tax cuts tomorrow. The windfall tax on petroleum crude would […]
India raised the price at which it buys locally produced new-season wheat by Rs 150 or 7 per cent to encourage farmers to expand the growing area as New Delhi tries to increase production. India, the world’s second-biggest wheat producer, sets a price each year to protect domestic farmers from distress sales and stock grain […]
The central government will sell 92.44 lakh shares of Coal India, representing 0.15 per cent of the total equity share of the company, to its eligible employees via Offer For Sale route, the state-owned company informed stock exchanges on Monday. The Coal India shares will be offered at Rs 226.10, the stock exchange filing showed. […]
The import tax on refined soybean oil has decreased from 17.5 per cent to 12.5 per cent, while the import tax on refined sunflower oil has decreased by a comparable percentage. The decision to decrease charges is completely at odds with the market sentiment, which was anticipating a duty increase given the recent collapse in […]
The Uttar Pradesh government led by Chief Minister Yogi Adityanath is trying to expand the transport services as well as to increase the income of the transport department, an official statement said on Wednesday. In this sequence, against the target of Rs 12,672 crore set for the financial year 2023-2024, the department achieved Rs 1656.51 […]
