Govt cuts windfall tax on crude petroleum
New Delhi (PTI): The government has cut windfall tax on domestically produced crude oil to Rs 8,400 per tonne from Rs 9,600 per tonne with effect from Wednesday.
The tax is levied in the form of Special Additional Excise Duty (SAED).
The SAED on the export of diesel, petrol and jet fuel or ATF, has been retained at nil. The new rates are effective from May 1, an official notification said.
India first imposed windfall profit taxes on July 1, 2022, joining a host of nations that tax supernormal profits of energy companies.
The tax rates are reviewed every fortnight based on average oil prices in the previous two weeks.
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Woman accused dies by suicide, alleges harassment by investigating officer
Bengaluru, Nov 22: A 33 year-old woman who is an accused in a case died by suicide on Friday in Banashankari area here, police said.
According to a senior police officer, the woman was an accused in a case being investigated by CID.
In her purported suicide note, she alleged harassment by the investigating officer.
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She died by hanging.
A case of abetment to suicide has been registered in Banashankari police station and investigation has been taken up, he said.
