A worker fills diesel in a container at a fuel station in Kolkata. Reuters
The move comes at a time when India is staring at the highest ever tax collection shortfall, as corporate and income tax collection for this fiscal year is set to fall for the first time in at least two decades and the goods and services tax revenue could see a gaping shortfall.
India’s Ministry of Petroleum and Natural Gas on Tuesday notified liberalised guidelines for bulk and retail marketing of petrol and diesel, offering new opportunities for foreign oil companies, including those in the Gulf, to enter this lucrative energy business.
India’s finance ministry is considering cutting excise duties on petrol and diesel to cushion the impact of record high domestic prices, three government officials close to the discussions said.
Emaar Properties announced on Friday it would fully acquire Dubai Creek Harbour, the major development located along the historic Dubai Creek waterfront,
The total value of the Emirate of Abu Dhabi’s non-oil foreign trade reached Dhs124 billion during first half of 2022, compared to Dhs110 billion and 313 million,
As part of its efforts to enhance the innovation and entrepreneurship ecosystem in the Emirate, the Competitiveness Office of Abu Dhabi (COAD), part of the Abu Dhabi Department of Economic Development (ADDED),