The government lowered the ‘windfall’ levy on domestic crude and fuel exports on Wednesday in the first review of the tax imposed on July 1 this month as international crude oil prices softened.
Consistent volume declines, especially in rural areas, are causing stress and inflation has exacerbated that, Hindustan Unilever (HUL) managing director Sanjiv Mehta said, urging the authorities to manage interest rates without stifling growth.
A slew of global electronics and hardware manufacturers are petitioning the Centre for an early release of payments due to them under the country’s ambitious production-linked incentive (PLI) scheme, people directly in the know told ET.
ETPrime stories of the day
Four flats, penthouse on loan on an INR1.5 lakh salary! The profile-funding bubble could burst soon.
‘Paise nehi hai cylinder ke liye’: why Ujjwala beneficiaries are going back to firewood, dung cakes
The man who solved the market: how Edward Thorp won the zero-sum game for nearly three decades
In Case you missed it
Choose your reason below and click on the Report button. This will alert our moderators to take action
Your Reason has been Reported to the admin.
To read full story, subscribe to ET Prime
Super Saver Sale - Flat 30% Off
You can cancel your subscription anytime
(Pay Using Netbanking/UPI/Debit Card)
15 Days Trial + Includes DocuBay and TimesPrime Membership.
15 Days Trial + Includes DocuBay and TimesPrime Membership.
Get ET Prime for just ₹2499 ₹1749/yr
ENJOY ADDITIONAL BENEFITS AS ET PRIME MEMBER
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
Stories you might be interested in