commodities market

Windfall tax on crude petroleum decreased to ₹1,850/tonne

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The federal government has minimize windfall tax on domestically-produced crude oil to ₹1,850 per tonne, from ₹2,100 per tonne with impact from Saturday. The tax is levied within the type of Particular Further Excise Responsibility (SAED). The SAED on the export of diesel, petrol and jet gas or ATF, has been retained at ‘nil’. The … Read more

India to account for big share of worldwide commodity demand by 2029: Australia

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India will account for a considerably bigger share of world commodity demand by 2029, although Chinese language demand will probably proceed to form commodity markets over the subsequent 5 years, the Australian Workplace of the Chief Economist (AOCE) has mentioned. “… Indian financial development is at present the strongest on the earth, and its rising … Read more