India’s windfall tax hits Reliance Industries
The taxes, levied mid-last year, halted the momentum in Reliance’s oil-to-chemical business built on cheap Russian crude. Published On 20 Jan 202320 Jan 2023 Reliance Industries Ltd on Friday reported a bigger-than-expected drop in quarterly profit as India’s biggest company by market valuation took a…
India cuts windfall tax on crude oil output, diesel exports
NEW DELHI, Oct 2 (Reuters) – The Indian government has cut a windfall tax on domestically produced crude oil to 8,000 rupees per tonne from 10,500 rupees per tonne from Sunday, after a decline in global oil prices. India has also scrapped an export tax…
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