A day ahead of a crucial meeting of the GST Council, the Congress asserted its demand to bring petroleum products and real estate under the Goods and Services Tax’s ambit.
Netherland-based Royal Dutch Shell plc, the world’s second-largest oil company, is working on a plan to invest around $1-2 billion every year on the company’s new Energies Business, buying back at least $25 billion in shares, ramp up focus on improving safety performance of its facilities and doubling its returns, Chief Executive Officer (CEO) Ben van Beurden said.
A spike in crude oil prices, which could put Finance Minister Arun Jaitley at a disadvantage as he prepares for his Union Budget, but may prove to be an advantage for Dhamendra Pradhan, Minister for Petroleum and Natural Gas.
The Goods and Services Tax Council’s meeting today is expected to focus on key fiscal issues such as declining revenue collections and waning compliance, according to tax analysts, who said the Council’s 25th meeting assumes significance, coming less than two weeks before the presentation of the Union Budget on February 1.
A fire was reported on a merchant navy oil tanker carrying 30,000 tonnes of high-speed diesel off the Gujarat coast but there were no casualties, a defence spokesperson said.
After “one paisa” bids spoilt the initial auction rounds, oil regulator PNGRB has proposed to radically change the bidding parameters for obtaining a licence to retail CNG and piped cooking gas in cities.
India will begin the auction of 55 oil and gas exploration blocks from Thursday under new rules, the country’s first licensing round after eight years, as it seeks to unlock its vast hydrocarbon resources, the upstream regulator said.
As part of confidence building measure, a senior management team of the Oil and Natural Gas Corporationn (ONGC) on Wednesday visited Mumbai offshore following the recent helicopter crash that killed all seven on board including two pilots and five ONGC employees.
The GGM-head of ONGC Academy, YK Srivastava, inaugurated the oil and gas conservation awareness drive, Sanrakshan Kshamata Mahotsav (Saksham-2018), here on Tuesday. The drive is being celebrated from January 16 to February 15 by oil sector industries in India to educate the masses about conservation of energy. The theme for Saksham-2018 is “Indhan Sanrakshan Ki Zimmedari, Jan Ganki Bhagidari”
There is a huge opportunity for the US to export LNG to India and China in the next five years as they push to replace coal, the head of the International Energy Agency has said as he highlighted the growing importance of the two nations in the energy market.