Windfall tax on domestically-produced crude oil cut to Rs 1,850 per tonne
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The government has cut windfall tax on domestically-produced crude oil to Rs 1,850 per tonne, from Rs 2,100 per tonne with effect from Saturday.
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 August 31, 2024, an official notification issued late Friday 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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Nearly 36 crore beneficiaries have been verified under Ayushman Bharat Pradhan Mantri- Jan Arogya Yojana (AB PM-JAY) as of November 30, 2024. The Union Minister of State for Health and Family Welfare, Prataprao Jadhav stated this in a written reply in the Lok Sabha on Friday.
Further, 8.39 crore hospital admissions worth over Rs 1.16 lakh crore have been authorized under the scheme.
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Four people, including two children, died in a fire that broke out in a house in the Nayanpur area of Dewas in Madhya Pradesh, an official said.
According to police, the fire tenders were present at the location to douse the blaze which started at a milk dairy on the ground floor of a residential building.
The four deceased in the fire incident belong to the same family.
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Bahujan Samaj Party Chief Mayawati on Saturday called for a nationwide protest on December 24 against Union Home Minister Amit Shah's remarks on Babasaheb Ambedkar.
In a series of posts on X, Mayawati said that Shah's remarks have hurt the hearts of the people.
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The death toll in the tanker truck collision on Bhankrota Ajmer Road in Jaipur on Saturday rose to 14, as confirmed by DCP West Jaipur, Amit Kumar.
The Friday accident, which resulted in a massive fire, involved a truck loaded with chemicals colliding with a tanker carrying LPG and other vehicles.
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Shares of Reliance Industries (RIL) hit a 52-week low of Rs 1,210.15, falling 1.7 per cent on the BSE in Friday’s intra-day trade, extending its previous day’s nearly 2 per cent decline. In one week, the stock price of the country’s most valuable company in terms of market capitalisation (market cap) has declined 5 per cent.
RIL has seen market cap erosion of Rs 85,525 crore during the week. In comparison, the BSE Sensex has declined 4.4 per cent during the same period.
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