Government Abolished the Windfall Tax on Crude Oil, ATF, Petrol, and Diesel Exports Official government procedures have eliminated windfall taxes on crude oil exports together with aviation turbine fuel (ATF) exports and petroleum exports including diesel fuel. Global crude oil prices have declined while market conditions have stabilized leading to the official removal of the …
NFRA Approves 40 Audit Standards in Line with Global Norms The NFRA formed under the Companies Act, 2013, has lately endorsed 40 audits standards harmonized with its international mechanism. This step reasserts India’s commitment to the production of quality financial reports and audits from across the country. What is the Purpose of the NFRA? The …
It is an important document for understanding the Energy sector in India and will be useful for the UPSC aspirants. They are the blueprint to plan and put into practice the efficient means to meet India’s power demand and supply while given the global and national energy objective. What is the National Electricity Plan? The …