Govt hikes windfall tax on petroleum crude to Rs 4,250 per tonne from Aug 1

(Reuters) -The Indian government has hiked windfall tax on petroleum crude to 4,250 Indian rupees ($51.68) per tonne from 1,600 Indian rupees with effect from Aug. 1. A windfall tax on diesel has been increased to 1 rupee per litre from nil earlier, according to a government notification on Monday. The windfall… Continue reading Govt hikes windfall tax on petroleum crude to Rs 4,250 per tonne from Aug 1

NCLT issues notice to lenders, next hearing on Aug 7

The National Company Law Tribunal (NCLT), Delhi on Monday issued notice to the Company of Creditors (CoC) of Go First to reply if they have given their approval to refund passengers for their advanced bookings since the insolvent airline’s grounding on May 3. According to the resolution Professional (RP), Go First has to… Continue reading NCLT issues notice to lenders, next hearing on Aug 7

Jaipur airport to commence operations at new domestic cargo unit from Aug 1

Jaipur International Airport is about mark a new beginning. A domestic cargo unit with a capacity of 2300 MT per month will go live from August 1. Indigo Airlines has already been onboarded after which the airlines will now operate its entire domestic cargo business from the new cargo unit at Terminal 1.… Continue reading Jaipur airport to commence operations at new domestic cargo unit from Aug 1

PM Modi to visit Pune on Aug 1, to be conferred with Lokmanya Tilak award

Prime Minister Narendra Modi will visit Maharashtra’s Pune in August 1 during which he will lay the foundation stone of various development projects, a release from the Prime Minister’s Office said on Sunday. As per the statement, later, the Prime Minister will be conferred with the Lokmanya Tilak National Award. The Award… Continue reading PM Modi to visit Pune on Aug 1, to be conferred with Lokmanya Tilak award