Business News›News›Newsblogs›Crude Oil Tax Highlights: Centre raises windfall tax on domestically produced crude to Rs 6800 per tonne
LIVE BLOG
Crude Oil Tax Highlights: Centre raises windfall tax on domestically produced crude to Rs 6800 per tonne
04 Apr, 2024 | 01:16:01 AM IST
Crude Oil Tax Highlights: Centre increased windfall tax on domestically produced crude to Rs 6800 per tonne from Rs 4900 per tonne.
Export duty on diesel, petrol and ATF will remain zero.
New rates will be effective April 4.
Export duty on diesel, petrol and ATF will remain zero.
New rates will be effective April 4.
1 New Update
Wrap up: Here is everything you need to know
- US wants swift Israeli investigation into attack on aid workers
- Centre raises windfall tax on domestically produced crude to Rs 6800 per tonne
- AAP says "sher" Sanjay Singh is out of jail, BJP says 'not free of charges'
- Delhi Jal Board case: Court takes cognizance of ED's chargesheet against former DJB Chief Engineer, others
- Italy's Salvini beats parliament confidence vote over Russia ties
- Boeing 737 output falls sharply as FAA increases checks, sources say
- Nine dead, over 1,000 injured in Taiwan's strongest quake in decades
- TSMC halts work at construction sites in Taiwan after earthquake
- Vodafone Idea to consider proposal for issuance of equity shares and/or convertible securities
- AAP MP Sanjay Singh meets Manish Sisodia's wife Seema Sisodia
- Arvind Kejriwal will not resign, he will continue to work for 2 crore people of Delhi: AAP MP Sanjay Singh
- Finland signs Ukraine security deal, Zelenskiy warns of Russia troop plans
- Sun Pharma appoints Dheeraj Sinha as Executive Vice President and Chief Information Officer effective from April 3, 2024.
US wants swift Israeli investigation into attack on aid workers
The United States wants a swift Israeli investigation into an attack that killed seven people working for celebrity chef Jose Andres' World Central Kitchen charity in Gaza, the State Department said on Wednesday. Israel needs to put in place better deconfliction and coordination measures to protect humanitarian workers and protect all civilians on the ground, spokesperson Matthew Miller told reporters at a regular news briefing. "It doesn't really matter how they made the mistake. At the end of the day, you have seven dead aid workers who were there trying to deliver humanitarian assistance. So whatever the reason was that led to this tragedy, whatever the mistake that happened inside the IDF, it's unacceptable, and they need to do better," Miller said. The aid workers were killed when their convoy was hit shortly after they oversaw the unloading of 100 tons of food brought to Gaza by sea. Israel's military expressed "severe sorrow" over the incident and Prime Minister Benjamin Netanyahu called it unintentional. The military has said an independent, professional expert body will investigate the deaths.
30 passengers detained for questioning at Lucknow airport manage to flee
Thirty people who were detained at Lucknow's Chaudhary Charan Singh Airport for allegedly smuggling gold managed to escape after one of them pretended to be sick and created chaos, officials said on Wednesday. Custom and police officials have started searching for the accused, they said. Additional Deputy Commissioner of Police Shashank Singh said that officials of the Directorate of Revenue Intelligence (DRI) and Customs Department had on Monday stopped at the airport 36 passengers who had come from Sharjah. When the officials frisked the passengers, cigarettes worth over Rs 3 crore and cash worth Rs 23.90 lakh were seized from some of them, Singh said. Six of these passengers told officials that they were carrying gold, he said.
AAP says "sher" Sanjay Singh is out of jail, BJP says 'not free of charges'
After walking out of jail, Aam Aadmi Party MP Sanjay Singh on Wednesday reiterated support for Delhi Chief Minister Arvind Kejriwal and said that he was in jail for six months, and every worker, and leader of AAP is standing with Kejriwal. Addressing his party workers, Sanjay Singh said that AAP was "born from agitation and they are not afraid of anything". "They want to break the AAP...'Tanashahi macha rakhi hai desh ke andar'. I was in jail for six months, and every worker, and leader of AAP is standing with Arvind Kejriwal. Arvind Kejriwal will not resign at all and will work for the two crore people of Delhi. It is said that how will one write a letter. I have come back after spending six months in jail. It is written in the jail manuals that any person can write unlimited letters while in jail. If someone wants to write a government letter, then permission is required from the court," he said. AAP leader Saurabh Bharadwaj said that until the jailed leaders of the party comes out of jail, party will not celebrate.
Boeing 737 output falls sharply as FAA increases checks, sources say
Boeing 737 MAX jetliner production has fallen sharply in recent weeks as U.S. regulators step up factory checks and workers slow the assembly line outside Seattle to complete outstanding work, industry sources told Reuters. The FAA has imposed a cap of 38 jets a month following a blowout on a 737 MAX in January, blamed on an assembly error. But the monthly output rate is fluctuating well below this level and in late March fell as low as single digits, they said. Boeing referred to comments by CFO Brian West who said last month it was taking comprehensive steps to strengthen quality and build confidence - including reducing the amount of so-called travelled or pending work - as the FAA increases audits.
Italy's Salvini beats parliament confidence vote over Russia ties
Italian Deputy Prime Minister Matteo Salvini survived a no-confidence vote in parliament Wednesday that drew fresh attention to his far-right party's ties to Russia. A censure motion was brought by opposition parties who have accused Salvini's League party -- a member of Prime Minister Giorgia Meloni's ruling coalition -- of failing to cut ties with President Vladimir Putin over the Ukraine war. Salvini defeated the attack in the lower Chamber of Deputies by 211votes to 129.
Delhi: After meeting Manish Sisodia's wife Seema Sisodia, AAP MP Sanjay Singh says, "Aam Aadmi Party is our family... Today Arvind Kejriwal, Manish Sisodia and Satyendar Jain are jailed. Every worker of the party is standing firmly with them... Tomorrow I will meet Satyendar Jain's family. We are not going to bow down before the dictator government..."
Delhi Jal Board case: Court takes cognizance of ED's chargesheet against former DJB Chief Engineer, others
The Rouse Avenue court on Wednesday took cognizance of the Enforcement Directorate's Charge sheet filed in an alleged money laundering case against a former Chief Engineer of Delhi Jal Board (DJB), a contractor, a Chartered Accountant, Tejinder Pal Singh, a former NBCC officer, Devender Mittal and a firm namely NKG Infrastructure Ltd. ED had arrested former chief Engineer Jagdish Arora and contractor Anil Kumar Agarwal in this case. The other two accused have been charge sheeted without arrest. This case is related to alleged irregularities in the tendering process for the procurement of electromagnetic flow metres of the Delhi Jal Board. ED lodged a case of money laundering based on the case of the Central Bureau of Investigation.
I will obey the court's instructions and will not talk about my case. But, I will talk about the case of Arvind Kejriwal and Manish Sisodia. I just want to say that our leaders are 100 per cent honest, and attempts to intimidate them, file cases against them, and send them to jail should be stopped.
- AAP MP Sanjay Singh
Will go and meet families of Manish Sisodia and Satyendar Jain. They are family for us, we are with them: AAP leader Sanjay Singh
I saw tears in eyes of Arvind Kejriwal's wife, Delhi's 2 crore people will give reply to BJP for these tears, says AAP's Sanjay Singh
I have a slogan for BJP- 'Jo jitna bada bhrashtachari, voh utna bada padadhikari
- AAP MP Sanjay Singh
You are questioning a man of corruption who left his IRS job to serve the country...BJP's next name is not Bharatiya Janta Party but Bangaru Janta Party
- AAP MP Sanjay Singh
"From the party office, I want to tell the dictator of the nation that this is AAP, we were born from an agitation," says Sanjay Singh
"From the party office, I want to tell the dictator of the nation that this is AAP, we were born from an agitation. You want to destroy our party? You have sent Arvind Kejriwal, Manish Sisodia and Satyendar Jain to jail. What was their crime? Their crime was that they wanted to give better education to 2 crore people of Delhi," said Sanjay Singh.
Arvind Kejriwal will not resign, he will continue to work for 2 crore people of Delhi: AAP MP Sanjay Singh
AAP MP Sanjay Singh says, "I want to say that AAP was born from agitation. We are not afraid of anything..."
Truth has triumphed...After several raids, not a single penny was recovered...SC also said that no money trail was recovered. Our struggle is on. Arvind Kejriwal, Manish Sisodia & Satyendar Jain have been framed in a false case.
- AAP national spokesperson Priyanka Kakkar, after AAP MP Sanjay Singh walks out of Tihar Jail
AAP leader Saurabh Bharadwaj says, "Sanjay Singh will come here to meet Delhi CM Arvind Kejriwal's wife Sunita Kejriwal. He will then go to the party office & address the party workers".
Sun Pharma appoints Dheeraj Sinha as Executive Vice President and Chief Information Officer effective from April 3, 2024.
Truth has triumphed. For the last two years, they have been investigating this fake liquor policy case. ED conducted several raids but still, they could not find corruption money from AAP leaders.
- Delhi Minister Atishi, as AAP MP Sanjay Singh walks out of Tihar Jail
Vodafone Idea to consider proposal for issuance of equity shares and/or convertible securities
As soon as AAP MP Sanjay Singh walks out of Tihar Jail on bail, he says, "Jashn manane ka waqt nahi aya hai, sangharsh ka waqt hai'...Our party's senior leaders Arvind Kejriwal, Satyendar Jain and Manish Sisodia are being kept behind bars. I have confidence that the locks of the jail will break and they will come out..."
TSMC halts work at construction sites in Taiwan after earthquake
Taiwan Semiconductor Manufacturing Co, the world's biggest contract chipmaker, said on Wednesday it has suspended work at its construction sites in Taiwan as a fallout of the 7.2 magnitude earthquake. The company said it was evaluating the impact of the quake and will resume operations after inspections.
Vedanta Says Vedanta Aluminium Expands Alumina Refining Capacity To 3.5 Mln Tonnes Per Annum
Sanjay Singh expected to be released shortly; supporters gather outside Tihar Jail in Delhi
Supporters of Sanjay Singh gather outside Tihar Jail in Delhi to welcome the AAP leader, who will be released shortly. Singh, arrested by the ED in October 2023, was granted bail by the Supreme Court on Tuesday in a money laundering case linked to the excise policy case.
Four killed, over 10 injured in explosion at pharma company in Telangana's Sangareddy district
At least four people have been killed and several are feared trapped after the reactor in a chemical factory in Telangana's Sangaredy exploded on Wednesday. Ten people have reportedly suffered third degree burns. Five fire tenders have rushed to the spot.
US monitoring Taiwan quake, ready to provide aid, White House says
The United States is monitoring reports about the earthquake in Taiwan and its potential impact on Japan, the White House said on Wednesday. "The United States stands ready to provide any necessary assistance. All those affected are in our prayers," Adrienne Watson, the national security council spokesperson, said.
Taiwanese authorities say 70 workers are trapped in 2 rock quarries after a powerful earthquake rocked the island, reports AP.
Blinken grounded by aircraft mechanical issue in Paris, drives to Brussels for NATO meeting
U.S. Secretary of State Antony Blinken’s aircraft had a mechanical issue in Paris on Wednesday, forcing his delegation to drive from Paris to Brussels for a meeting of NATO alliance foreign ministers, a State Department spokesperson said. On a previous trip to Europe in January, Blinken was briefly stranded in the Swiss resort town of Davos due to an issue with his plane.
Vedanta Aluminium expands alumina capacity to 3.5 mtpa
Tesla to scout sites in India for $2 bln-$3 bln EV plant, FT reports
Tesla will send a team to India this month to scout locations for a proposed $2 billion to $3 billion electric car plant, the Financial Times reported on Wednesday.
Heat wave warning issued for districts of north interior Karnataka like Bagalkote, Gadag, Vijayapura, Koppal and Kalaburagi for next three days. Hot and humid conditions to prevail in all three coastal districts of the state for the next five days. Bengaluru recorded 37.2 degrees Celsius recorded yesterday, the highest in the last four years. People should take all precautions against heatwave.
- IMD scientist A Prasad, on heatwave warning in Karnataka
Russia says there is no problem with payment for its oil shipments to India
Health ministry in Hamas-run Gaza says war death toll at 32,975
KEC International receives orders worth Rs 816 crore for infrastructure projects related to Metals & Mining, Cement, and Carbon Black.
Gold jumps Rs 830 to reach new peak of Rs 69,200 per 10 grams
Gold prices jumped by Rs 830 to reach a new peak of Rs 69,200 per 10 grams on Wednesday amid a rally in precious metal rates in the global markets, according to HDFC Securities. This is the second time that yellow metal prices have hit an all-time high in this week. In the previous trade, the precious metal had closed at Rs 68,370 per 10 grams. Silver prices also surged by Rs 1,700 to Rs 80,700 per kg. It had finished at Rs 79,000 per kg in the previous close. "Spot gold prices (24 carats) in the Delhi markets are trading at Rs 69,200 per 10 grams, up by Rs 830, taking a bullish trend in the overseas markets," Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said.
CPI Rajya Sabha MP Binoy Viswam writes to Union Education Minister Dharmendra Pradhan seeking his intervention to "reinstate the single girl child reservation" in Kendra Vidyalayas
In his letter, Viswam highlighted the adverse effects the discontinuation of the reservation could have on the empowerment of women.
Taiwanese authorities say they have lost contact with 50 people in minibuses after powerful quake downed phone networks, reports AP
Here's what Padma Shri Awardee Dhaniram Toto said on preserving Toto culture. He recorded the data of seven generations of the Totos, a tribe that was on the verge of extinction
"While the elderly may show interest in our language, my primary focus has been to encourage children to learn it."
Man linked to MP's NHM scam arrested for UP police recruitment paper leak: STF
"The UP STF arrested Rajiv Nayan Mishra, the prime accused in the paper leak case, near Pari Chowk in Greater Noida on April 2. Further investigations are being done," says UP ADG Amitabh Yash.
Taiwan's strongest earthquake in 25 years kills nine; 50 missing and more than 800 injured
Lucknow Super Giants' pacer Shivam Mavi has been ruled out of this season's Indian Premier League having failed to recover from his pre-season injury
Air India enhances customer rewards
Private carrier Air India on Wednesday launched a revamped loyalty programme with a simplified structure, offering more rewards and added benefits to its customers. In its first overhaul in more than a decade, the revamped loyalty programme -- Flying Returns -- moves away from the legacy model of miles-based collection of points to a fairer, more equitable spend-based approach, Air India said in a statement. (Read full)
Union Ministers to chair meeting on heat-related illness preparedness
Union Minister of Health and Family Welfare and Chemicals and Fertilizers will chair a high-level meeting at 3 pm to review the preparedness of public health measures regarding heat-related problems to review preparedness to tackle heat-related illness due to heat waves and action plan for upcoming summer season. NITI Aayog, DGHS, DG ICMR, Director AIIMS, MS Safdarjung, RML and Lady Hardinge Medical College to be at the meeting.
Putin ally blames Ukrainian services for concert shooting
Top Russian security official Nikolai Patrushev said on Wednesday that "Ukrainian special services" were behind last month's deadly concert shooting near Moscow and that Ukraine was under the control of the United States. Patrushev, secretary of the Security Council, provided no evidence for Russia's latest claim of Ukrainian involvement. Ukraine has denied having anything to do with the attack that killed at least 144 people, and the United States has said Islamic State militants bore sole responsibility.
IOCL in talks with NPCIL to build small nuclear reactors for co's refineries
Price as on 02:10:06 PM 02:10 PM, Click on company names for their live prices.
Abu Dhabi's first Hindu Temple draws 350k visitors in first month
Within the initial month of its public opening, the inaugural stone Hindu temple in Abu Dhabi welcomed over 350,000 devotees, as reported by temple officials. This iconic temple, inaugurated by Prime Minister Narendra Modi in February, commenced welcoming visitors on March 1.
Club Mahindra adds six new destinations, including in Sikkim, Rajasthan, Assam, Kenya, Georgia and Thailand
Price as on 01:12:35 PM 01:12 PM, Click on company names for their live prices.
Kanye West accused of racism and antisemitism in new lawsuit
Controversial rapper Kanye West repeatedly yelled at Black employees and praised Adolf Hitler as an "innovator" according to a new lawsuit filed in California
Maruti Suzuki India says it achieved 30 million cumulative production milestone
Price as on 12:59:54 PM 12:59 PM, Click on company names for their live prices.
Crompton Greaves Consumer Electricals gets tax demand notice of Rs 29.1 million
Price as on 12:59:24 PM 12:59 PM, Click on company names for their live prices.
Phonepe and Singapore Tourism Board enter a two-year partnership to promote UPI payments for Indian visitors in Singapore (Reuters)
Tata Steel petitions for loan waiver from Steel Development Fund
The High Court of Calcutta has accepted a writ petition submitted by Tata Steel concerning the forgiveness of loans it received from the Steel Development Fund. Tata Steel disclosed in a filing that in line with the directives from the High Court of Calcutta, as per its orders dated August 3, 2022, and January 3, 2023, in Appeal, it had submitted a plea to the Union of India (Ministry of Steel) on March 28, 2023. This plea sought the forgiveness of loans obtained from the Steel Development Fund (SDF) and reimbursement of the remaining balance in the Fund. However, the Union of India (Ministry of Steel) rejected this plea in a letter dated December 29, 2023.
Turkish annual inflation edged up to 68.5% in March
Turkish annual consumer price inflation climbed to 68.5% in March, official data showed on Wednesday, below expectations, amid strong rises in restaurant, education and health sector prices. Month-on-month, inflation was 3.16%, according to the Turkish Statistical Institute, down from 4.53% in February.
