Freight Traffic Growth Hit; Is Slowdown On The Cards?
As railways mirror the pulse of industrial traction, it seems the once-steady drivers of growth are now losing steam.
petroleum
November 2024
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October 2018
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June 2018
Govt slashes windfall tax on petroleum crude to ₹8,400 per metric tonne
Tax remains nil for diesel and aviation turbine fuel
Subsidies spend has fallen: Economic Survey 2018-19
The Survey says that this is an outcome of “the decline in global crude prices, decontrol of prices, and better targeting through direct benefit transfer of subsidies”.
By 2030, half of new sales will be natural gas vehicles
A study by the institute says the number of natural gas vehicles in India is expected to shoot up to 33 million by 2030 from 3.3 million in 2019—a 900% rise.
LNG: It’s light, natural and green
With the government pushing for clean energy when domestic gas production is falling, and renewables yet to take off, importing it could be the only option.
RIL’s December quarter net profit up 9%
The Mukesh Ambani-led conglomerate became the first Indian private sector company to cross ₹10,000 crore in quarterly net profit, as its telecom, retail and petchem businesses saw earnings growth.
More than just liquidity infusion required
The RBI finally opens the financing tap to calm an increasingly volatile stock market, but that alone is unlikely to gain the confidence of the investors in the long-run.
Cabinet clears policy to promote new methods of hydrocarbon production
The move is aimed at improving the country’s energy production using new technologies. The incentives provided under the policy will expire in 10 years.
‘Fuel likely to be under GST by FY19 end’
The law firm adds that streamlining the GST refund process is the need of the hour.
