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.
The price of Super 98 is to drop to Dhs2.16 per litre for March, down from Dhs2.24 in February, while the price of Special 95 is to drop to Dhs2.04 per litre for March, down from Dhs2.12 in February.
The European Union (EU) wants to arm itself with new powers to control big technology companies, a newspaper reported on Sunday. The proposed plan includes forcing tech giants to break up or sell some of their European operations
Dubai Chamber of Commerce and Industry (DCCI) has announced the launch of the Dubai Chamber Interview Series, a virtual event series featuring live-one-on-one interviews with prominent local and international business figures from a wide range of industries.
Delays to General Motors’ sale of its Indian plant to Great Wall Motor due to tensions between India and China are likely to result in hefty unplanned costs for the US automaker, people familiar with the matter said.