Tag: oil price
GST 2.0 makes it less taxing as govt scrap arrest powers, raise prosecution threshold to Rs 5 crore in major overhaul
New Delhi: The GST Council approved a sweeping recast of the indirect tax structure that includes scrapping arrest powers, besides easing the compliance structure and…
Brent oil price crosses $100: Why Middle East conflict is driving crude prices higher
Brent crude oil futures crossed $100 a barrel on Wednesday, reaching their highest level in more than six weeks. The price touched $100.19 a barrel…
Could oil hit $120? Goldman warns as US-Iran attacks threaten Hormuz shipping
Goldman Sachs sees oil rising as high as $120 a barrel if attacks on Middle East shipping get worse. The bank warned that a bigger…
Global stock markets fall as US-Iran strikes push oil to $95, bond yields surge, Fed rate hike bets rise
Global stock markets fell on Wednesday as fresh US airstrikes on Iran pushed oil prices to a five-week high. Investors grew worried that the conflict…
India’s rising oil imports push trade deficit into risky territory: Crisil
New Delhi: India’s oil trade deficit is set to widen sharply in FY27 as rising crude prices, weakening petroleum exports and the country’s heavy dependence…
RBI’s policy battle amid oil shock, rupee pressure to be complex as many challenges ahead: Report
The Reserve Bank of India‘s (RBI) policy response to the ongoing energy price shock is likely to be challenging due to multiple trade-offs involving inflation,…