State-owned Indian Oil Corporation (IOC), Oil India (OIL) and Bharat PetroResources (BPRL) are set to sign ‘final acquisition agreements’ with…
ONGC has sought to almost halve the size of the gas assets deal it is negotiating with Gujarat government-owned GSPC,…
In a move to bring down tax litigation, the government has relaxed the obligation on companies to prove the “irrecoverability…
The government on Tuesday entrusted Ajay Prakash Sawhney, who is additional secretary in the petroleum ministry, with the charge of…
A couple of years into its tenure, the Narendra Modi government seems to be losing the grace of its lucky…
India’s largest liquified natural gas (LNG) importer Petronet LNG has initiated negotiations with multinational Exxon Mobil to rework pricing for…
The finance ministry has notified the rules for implementation of Equalisation Levy (EQL), meant to nullify the advantage of foreign…
The government will unveil a new policy to allot LPG distribution licences on June 3. Under the latest scheme, touted…
The plan is not to cap subsidies but to restrict it to the deserving only
Giving more credence to reports that ONGC is looking at acquiring a majority stake in the Gujarat government-owned GSPC’s 1,850-sq…
Imports of LNG have steadily risen over the years, albeit at varying rates of growth from about 7 bcm in…
Apart from entrenched players, start-up firms and new players with little experience in operating hydrocarbon blocks would also get the…
Private explorer Reliance Industries (RIL), which is targeting to start production of coal bed methane (CBM) from its Sohagpur (West)…
With the global crude oil prices rising to six-month high, the finance ministry is considering reducing the excise duty on…
Oil and gas exploration companies such as ONGC, Cairn India and Oil India could get further relief from paying the…
Amount locked up at CITs-A rises 48% in 7 months
Amount locked up at CITs-A rises 48% in 7 months
The revenue secretary explained how the ambiguity over the tax treatment of derivatives/debentures under the India-Mauritius DTAA occurred in the…
