The Union government is working on a comprehensive package for the aviation sector involving lower user fees, relaxed regulations and tax concessions, three government officials aware of the development said. While the civil aviation ministry is focused on regulatory relaxations and route allocation, the commerce ministry will work to align the package with India’s trade goals and encourage foreign investment. …
Windfall gains tax: The government has cut windfall gains tax on domestically-produced crude oil to nil while continuing the rate at zero on the export of diesel and ATF. Move comes after reduction in international oil prices The cut in windfall gains tax on domestically-produced crude oil follows the easing of international oil prices - from over USD 80 per …
