The Union government has significantly reduced the windfall tax on domestically produced crude oil, lowering it from Rs 7,000 per tonne to Rs 4,600 per tonne. This decision marks a notable shift in fiscal policy concerning the oil sector, reflecting changes in the global oil market dynamics. The windfall tax on Diesel and ATF Remains…
Foreign portfolio investors (FPIs) are increasingly favoring GIFT City, India’s premier International Financial Services Centre (IFSC), over traditional investment routes through Mauritius, Singapore, and other countries. This shift is largely driven by the Indian government’s initiatives to promote GIFT City by offering attractive tax benefits and streamlined business operations. GIFT City’s guaranteed tax advantages, supported…
The Telangana High Court, led by Chief Justice Ujjal Bhuyan and Justice CV Bhaskar Reddy, has delivered a significant verdict by ordering the release of 11,804 acres of land belonging to the Vadarevu and Nizampatnam Port & Industrial Corridor (Vanpic) in Andhra Pradesh (AP). This verdict comes in response to the Enforcement Directorate’s (ED) attachment…
