In Short : ONGC (Oil and Natural Gas Corporation) is planning a substantial investment of up to Rs 35,000 crore to develop 5 gigawatts (GW) of solar and wind energy capacity by the year 2030. This initiative signifies ONGC’s commitment to expanding its presence in the renewable energy sector and contributing to India’s clean energy […]
Rs 35,000-cr collected in FY23: Windfall tax revenue seen falling in FY24 amid softer crude prices – EQ Mag
Tax rate zero since May 15; no plan to withdraw the policy The Centre collected close to Rs 35,000 crore from windfall taxes on petroleum products in FY23 and will continue with the special provision, as a safeguard against abnormal price movement in FY24. However, not much revenue is expected from this impost given the […]