NEW DELHI: The government has imposed export duties on diesel and turbine fuel, a move aimed at improving availability of these products in the domestic market, according to the CBIC chairman’s statement on Friday.The decision is also expected to strengthen the country’s energy security by ensuring adequate supplies amid evolving global conditions.Revenue collections from the…
FTC allows individual taxpayers to claim a credit in India for taxes paid in a foreign jurisdiction on the same income. (AI image) With the rise in global workforce mobility, an increasing number of Indian professionals are earning income across multiple jurisdictions. Employees of multinational companies undertaking overseas assignments, or cross-border roles receive regular salaries…
Oil prices cooled down on Friday, after US signalled negotiations with Iran were ‘going very well’ and pushed the deadline with the country for 10 days. Both benchmarks, Brent crude and West Texas Intermediate (WTI) were down 2%. Brent crude touched $108 per barrel before easing to $105.75 per barrel, down 2.08%. West Texas Intermediate…
India imports a big portion of its LPG and LNG needs and has been looking to step up procurement from alternative sources. (AI image) Amid Strait of Hormuz-linked supply disruptions, India has reportedly sought a waiver from the US for buying liquified natural gas (LNG) from Russia. According to a Reuters report, India has approached…
Despite the sharp rise in global oil prices, retail fuel rates have remained unchanged. (AI image) Petrol and diesel prices have been in focus since the start of the US-Iran war which has led to a huge rise in global crude oil prices. Several neighbouring countries have either raised petrol prices or rationed its use….
As ongoing Middle East conflict continues to weigh energy supplies across the globe, the Centre has approached states to step up commercial LPG allocation, inceasing the distribution to 70%. In a letter to chief secretaries of all states and Union territories, secretary of the ministry of petroleum and natural gas, Dr Neeraj Mittal, outlined a…
Gold is moving from the mid-band toward the upper band, suggesting strengthening momentum. (AI image) Gold price prediction today: Gold prices are seeing a steady recovery and Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities recommends a buy on dip strategy.Gold futures on MCX are trading near ₹1,45,500 after witnessing a steady…
As the Middle East conflict continues to disrupt global oil supplies, the Centre has stepped in to ensure better fuel availability for citizens. In a bid to cushion local consumers from the ripples, the government has imposed fresh duties on fuel exports while easing the domestic excise duties. Finance minister Nirmala Sitharaman announced that export…
Iran is benefitting twofold from the sale of oil amid rising prices since the start of the war as it is the only country to transit the Strait of Hormuz. Tehran is estimated to have generated roughly $139 million per day from sales of this key blend so far in March, up from about $115…
Top stocks to buy today (AI image) Stock market recommendations: Granules India, and RBL Bank are the top two stocks that Bajaj Broking Research has recommended for March 27, 2026. Views on Nifty, and Bank Nifty have also been shared:Index View: NiftyIndian benchmark indices staged a strong rebound over the past two trading sessions, driven…
