India’s fuel blues to get worse

With oil turning costlier relentlessly – Brent crude went past $80 a barrel yesterday, up 3.3 per cent from a week ago and a three-and-half-year high – the cost of Indian basket went to a prohibitive $76 a barrel. Add to that rupee falling sharply against the dollar, and the government refusing point blank on […]

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India notifies simplified central excise norms for the jewellery sector

India has notified simpler central excise norms for the jewellery sector after a committee that interacted with the trade recommended on simplifying the procedures and compliance issues related to excise duty on jewellery, the finance ministry said. The committee was set up after jewellers complained of harassment following changes to the duty structure in the […]

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