‘Rudraksh Baba’ To ‘IIT Baba’: Top Viral Faces Of Maha Kumbh 2025
The government has raised the windfall tax on domestically produced crude oil to Rs 3,200 per tonne from Rs 1,700 per tonne with effect from Saturday.
The tax is imposed in the form of a Special Additional Excise Duty (SAED).
As per an official announcement, the SAED on the export of diesel, petrol, and jet fuel, or ATF, has been maintained at nil.
The revised rates are effective from February 3, 2024.
India introduced windfall profit taxes on July 1, 2022, joining many other countries that tax energy businesses’s above-average profits.
Every two weeks, the tax rates are reviewed depending on the previous two week’s average oil prices.
Also read: 3 Hurt In Knife Attack At Paris Railway Station, Suspect Detained
CM Yogi Adityanath's government has approved key connectivity projects to boost Uttar Pradesh's infrastructure for…
Several passengers were reportedly killed, and 30-40 others injured when passengers of the Pushpak Express,…
Under CM Yogi, Prayagraj has become a city of temples, offering pilgrims replicas of India's…
During Maha Kumbh, CM Yogi Adityanath's Cabinet approved transformative projects for Uttar Pradesh's development.
The Maharashtra government and Reliance Industries signed a monumental MoU worth ₹3.05 lakh crore at…
In a Cabinet meeting chaired by CM Yogi Adityanath, the UP govt approved 10 major…