Abu Dhabi Stem Cells Centre and Emirates Red Crescent will hold fundraising initiatives to finance BMT procedures for patients in need
The central government on Wednesday cut the windfall tax on crude oil to Rs17,000 per tonne from the previous Rs23,250 per tonne. This move comes amid the latest decline in global crude oil prices.
Taking into account windfall gains being accumulated by the domestic crude producers due to rising global crude prices in recent months, the Centre had on July 1 imposed a cess of Rs23,250 per tonne on crude oil. The domestic crude producers sell crude to domestic refineries at international parity prices.
A tax levied on an unforeseen or unexpectedly large profit is called windfall tax.
The new rates will be effective from Wednesday, a government notification said.
Besides, the recently imposed special additional excise duty at Rs13 per litre on diesel on exports has now been reduced to Rs10.
For petrol, the export tax has been removed. On July 1, the export tax of Rs6 per litre on petrol was imposed.
ALSO READ:
As exports were becoming highly remunerative, it was noticed that certain refiners were drying out their pumps in the domestic market, an official statement had said then.
"While crude prices have increased sharply in recent months, the prices of HSD and Petrol have shown a sharper increase. The refiners export these products at globally prevailing prices, which are very high," the government had explained the rationale behind the export tax move.
Abu Dhabi Stem Cells Centre and Emirates Red Crescent will hold fundraising initiatives to finance BMT procedures for patients in need
The summit is set to feature a range of engaging and fruitful networking opportunities, as well as fascinating panel discussions
The former Indian bowler also saluted the batter for fighting depression and making his way back into mainstream cricket
The 21-year-old forward is enjoying a breakthrough season following his surprise move from City on transfer deadline day in September
To assist Indian nationals at the Dubai airport, the Consulate General of India in Dubai has operationalised emergency helpline numbers
The Argentine goalkeeper made the save that sent his side through to their first major European semi-final since 1982 after penalty chaos against Lille
After the evacuation, an area was set up to provide food, water, and medical assistance to the citizens residing in the community
The Red beat Italian side Atalanta in the second leg quarter-final but lost 3-1 on aggregate as Leverkusen advance to semis despite 1-1 draw with West Ham