The government should scrap the windfall profit tax on domestically produced crude oil as the levy is adversely impacting the capex-intensive exploration of oil and gas, the industry said in its recommendation for the forthcoming annual Budget. India first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super normal profits of energy companies. At that time, a Rs 23,250 per tonne ($40 per barrel) windfall profit tax on domestic crude production was levied.
The Union government could target a fiscal deficit of 5.8-6 per cent of nominal GDP for 2023-24, and it should continue its capital expenditure push and look to simplify the personal income tax regime, economists recommended Finance Minister Nirmala Sitharaman and her team during their pre-Budget interaction on Monday. Starting last week, Sitharaman had eight pre-Budget consultations this time. More than 110 invitees representing seven stakeholder groups participated in these meetings, the finance ministry said in a statement. The stakeholder groups included representatives and experts from agriculture and agro-processing industry; industry, infrastructure & climate change; financial sector and capital markets; services and trade; social sector; trade unions and labour organisations; and economists.
Former India batter Mohammad Kaif said he was surprised about the way Rohit Sharma was confused about the team selection during the Asia Cup.
A fight broke out in the MCD House as Bharatiya Janata Party and Aam Aadmi Party members kicked, punched and pushed one another amid shouting after mayor Shelly Oberoi declared one vote invalid in the election to a key six-member municipal committee on Friday.
With India set to host the ODI World Cup later this year, head coach Rahul Dravid said the team was trying out all possible combinations.
The Indian batters will have to put their best their foot forward against Australia in the series-deciding third ODI in Chennai on Tuesday.
MP Congress Committee's media department chairperson KK Mishra in a statement claimed it was a doctored video.
Former coach Madan Lal on Thursday lashed out at India following their ODI series loss in Bangladesh.
Game 52 of IPL 2021 will see Royal Challengers Bangalore take on the Sunrisers Hyderabad at the Sheikh Zayed stadium in Abu Dhabi starting 1930 IST tonight.
The Union Cabinet on Thursday approved a revision in the formula for pricing of natural gas and imposed cap or ceiling price to help cut CNG and piped cooking gas prices by up to 10 per cent. Natural gas produced from legacy or old fields, known as APM gas, will now be indexed to the price of imported crude oil instead of benchmarking it to gas prices in four surplus nations such as the US, Canada and Russia, Union I&B Miniser Anurag Thakur told reporters after a meeting of the Cabinet. APM gas will be priced at 10 per cent of the price of basket of crude oil that India imports (Indian basket of crude oil).
IMAGES from the 1st T20I played between India and Australia in Mohali on Tuesday.
Special judge MK Nagpal will also hear arguments on Arora's plea to grant him pardon in the matter and allow him to become a witness in the matter.
Cricket's shortest format is unapologetically batter-biased and bowlers, often cast as cannon-fodder, derive nearly as much delight from a dot ball as they would from a dismissal in one-dayers or Tests.
For the post of deputy chief minister, the names of Swatantra Dev Singh, Baby Rani Maurya, Brijesh Pathak and Keshav Prasad Maurya are in talks.
The Gujarat police have booked filmmaker Avinash Das for sharing a photo of Union Home Minister Amit Shah with Jharkhand cadre IAS officer Pooja Singhal, who was recently arrested by the Enforcement Directorate in a money laundering case, an official said.
On Monday, it was the men's 3P team who first got India on board, going down 12-16 to Italy.
Indian skipper Harmanpreet Kaur lauded Shafali Verma and Richa Ghosh after their match-winning knock
The government has not set up any committee to probe allegations a US short seller labelled against the Adani Group, but stock market regulator SEBI is investigating market allegations against the group, the Lok Sabha was informed on Monday. A separate investigation into imports of Indonesian coal by the conglomerate hasn't reached finality, Minister of State for Finance Pankaj Chaudhary said. Lok Sabha saw several questions being put by MPs to the government on the Adani issue, which were replied through written responses by the minister.
The Supreme Court collegium on Tuesday recommended to the Centre the names of Allahabad high court Chief Justice Rajesh Bindal and Gujarat high court Chief Justice Aravind Kumar for elevation as apex court judges.
Test skipper Pat Cummins will also captain Australia in one-day internationals after being named as the replacement for Aaron Finch by Cricket Australia on Tuesday.
"It's not the first time I am doing it, I am used to doing it, so obviously I knew what I had to do, and I knew what I had to ask from the other players. I got really good support in the middle. Being a senior player, I had to deliver in the crucial stage," he added.
The appointment of Misri, a 1989-batch Indian Foreign Service officer, came after he served as the Indian ambassador to China for nearly three years.
Taking over from Avishek Dalmiya as the CAB president, Snehasish said they still share a "cordial relationship" as he hoped the 38-year-old veteran returns to his homeland.
A round-up of the Ranji Trophy matches played on Friday.
New Zealand's combination of quality spin bowling and sharp fielding gives them a good chance of winning a maiden T20 World Cup title in Australia this year, in-form batsman Glenn Phillips said.
The T20 World Cup bound Indian team is set to play three games against Australia and South Africa before leaving for the ICC mega event.
'I never knew she had such a great sense of humour.'
'My mother (Yogita Bali) tells me you were camera ready as soon as you came out of my womb.'
Khoda hurt at not being given chance to defend himself
The Supreme Court on Tuesday upheld the Madras high court orders allowing the Rashtriya Swayamsevak Sangh (RSS) to hold marches in state and dismissed the appeals of the Tamil Nadu government.
India dropped three catches and were left to rue their death-overs bowling.
Pankaj and Nidhi presented a summer festive collection that women will instantly love.
The Tamil Nadu government told the Supreme Court on Friday that it is not completely opposed to allowing the RSS's route marches and public meetings across the state on March 5 but cited intelligence reports to say these cannot be held in every street or locality.
The stage is set for the inaugural edition of the Women's Premier League, which will get underway in Mumbai on Saturday.
When Applause Entertainment completed five years, the makers invited everyone over for a grand party.
The government on Monday ruled out making public the RBI report detailing the reasons why the central bank could not keep inflation within the targeted 6 per cent upper limit for the three consecutive quarters. "Yes sir, RBI has furnished a report to the central government, as mandated under Section 45ZN of the RBI Act, 1934 and Regulation 7 of RBI Monetary Policy Committee and Monetary Policy process Regulations, 2016," minister of state for finance Pankaj Chaudhary said in a written reply. The said provisions of the RBI Act, 1934, and regulations therein does not provide for making the report public, he said.
Who do you think should be part of India's playing for their T20 World Cup opening match against Pakistan on Sunday?
Getting used to the 'unique' pace and bounce in Australia will be the Indian team's primary objective at the preparatory camp in Perth ahead of the T20 World Cup, says head coach Rahul Dravid.
All-rounder Hardik Pandya was named as India's T20I captain for the three-match series against Sri Lanka, with Rohit Sharma retaining the ODI leadership role.
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