With the Budget approaching, there is speculation about a possible cut in excise duty on petrol and diesel. However, the stabilization of global oil prices makes further reductions in fuel taxes unlikely. Oil Marketing Companies (OMCs) have seen enhanced marketing margins due to the softening of crude prices, which could warrant a fuel price cut. The fiscal deficit and the impact on state tax collections are important considerations.
Till June 1, 2022, 3,263 letters of intent (LoIs) were issued to entrepreneurs, of which only 35 were completed. By August 2023, public oil and gas companies cancelled 87 LoIs. The good news is that in the last quarter, nearly half a dozen public and private energy companies have announced plans to set up over 100 CBG plants in the next few years. Reliance Industries (RIL) plans to set up 100 CBG plants in the next five years. But there are challenges.
Can an Overlooked Millet Make Large Parts of India Sugar-Producing Regions? thewire.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thewire.in Daily Mail and Mail on Sunday newspapers.
The govt has directed sugar mills and distilleries to halt the use of sugarcane juice/sugar syrup for ethanol production in ethanol supply year 2023-24. Here are the reasons and the benefits.
Tanzania: How Tanzania Can Reduce Petrol-Import Dependency allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.