In a major fiscal push to accelerate India’s transition toward green energy, the Ministry of Finance has officially exempted petrol blended with high concentrations of ethanol from all central excise duties. According to the gazette notification, the waiver applies specifically to petrol blends containing 22%,...

In a sudden and unexpected policy reversal, the Indian government has restored the effective royalty rate on crude oil produced from onland nomination blocks and pre-NELP (New Exploration Licensing Policy) areas back to 16.66%. The decision, formalized via a gazette notification issued by the Ministry...