Business
‘On our toes over deficit’: FM Sitharaman in Rajya Sabha amid Middle East crisis, dismisses lockdown rumours
Finance Minister Nirmala Sitharaman assured that India will maintain fiscal prudence while shielding citizens from rising global crude oil prices. She highlighted India’s stable fuel prices compared to other nations, dismissing lockdown rumors as baseless and aimed at creating fear. The government has reduced excise duty on petrol and diesel to protect consumers.
Business
Middle East crisis: Govt levies export duties on diesel, turbine oil; eyes over Rs 1,500 crore collection in fortnight
The government has imposed export duties on diesel and turbine fuel to boost domestic availability and energy security, estimating Rs 1,500 crore in revenue. Simultaneously, special excise duties on petrol and diesel were reduced to shield consumers, keeping retail prices stable amid global oil supply concerns.
