While petroleum-producing countries are being buoyed by higher global oil prices, the big consumers are taking a hit — especially India, whose energy appetite is growing, its oil minister said at the Vienna OPEC summit Wednesday.
Going green” is no longer jargon but an imperative of the times we live in. All stakeholders—the government, companies/ banks, individuals—must collectively own the responsibility to conserve the environment for our future generations.
“Bullet Man” Sanjeev Sinha flew from Tokyo specially to speak on CII organized Railways Industry Forum which was concluded today at New Delhi in presence of Hon’ble Minister of Finance, Railways, Coal and Corporate Affairs Piyush Goyal and other dignitaries.
A peak tax rate of 28 per cent plus states levying some amount of local sales tax or VAT on petrol and diesel is likely to be the tax structure when the two auto fuels are covered under the GST regime, a top government official said.
India, the world’s third-largest oil consumer, expects a “responsible” approach from its suppliers as speculation mounts over whether OPEC and its allies will reach a deal to boost output at a meeting in Vienna this week.