Excise on petrol and diesel cut, windfall tax returns; Centre faces Rs.5,500 crore revenue hit every fortnight

New Delhi, March 27 -- India has slashed excise duty on petrol and diesel and imposed a windfall tax on the export of refined diesel and jet fuel to prevent higher pump prices and to ensure sufficient... Read More

Russian crude back in focus for India as Iran war squeezes supply

New Delhi, March 2 -- India is likely to turn back to discounted Russian crude as tensions in West Asia disrupt flows through the Strait of Hormuz. Economists, however, believe India can absorb a shor... Read More