2 years ago
Latest news LIVE: India's growth expected to slow in FY24, says JP Morgan
Business StandardIndia's GDP growth is on course to print close to 7 per cent this year in 2022-23, foreign brokerage, JP Morgan said in a report. The Ministry of Finance slashed the tax on crude oil produced by firms such as state-owned Oil and Natural Gas Corporation to Rs 1,700 per tonne from the existing Rs 4,900 per tonne, a government notification said. The ministry also cut the rate on diesel exports to Rs 5 per litre from Rs 8 per litre in the fortnightly revision of the windfall profit tax. The windfall tax on aviation fuel ATF has been reduced to Rs 1.5 per litre from Rs 5 per litre, the notification said.
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