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The government has decided to raise the windfall tax on fuel exports, now charging Rs 3.5 per litre for petrol and a steep Rs 24 per litre for diesel. This increase is part of the Centre's routine assessment of petroleum taxes, aimed at taxing the high profits made by refiners amid rising global energy prices. View More
India on Monday raised windfall taxes on petrol, diesel and aviation turbine fuel (ATF) exports with effect from August 3, according to Finance Ministry notifications. The export duty on petrol has been increased to Rs 3.5 per litre from Rs 2.5 per litre. The windfall tax on diesel exports has been raised to Rs 25.5 per litre, including the Road Infrastructure Cess (RIC), from Rs 15.5 per litre. The levy on ATF exports has also been increased to Rs 22 per litre from Rs 14.5 per litre. The latest revision is part of the Centre’s fortnightly review of windfall taxes on petroleum products. The government adjusts these levies based on changes in global oil prices, export margins and market conditions. Windfall taxes are imposed on petroleum products when refiners and producers benefit from unusually high gains due to elevated international energy prices. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
The large renewable energy project combines solar, wind and battery storage to deliver reliable clean power and lower carbon emissions. View More
"The thing we call free is the thing we destroy. This is not a paradox, it is a policy choice and it can be chosen differently," he noted View More
?The move would mark a policy roll-back. India had begun phasing out ?interstate transmission ?charge waivers for new solar, wind and hybrid projects from July 2025. View More
MSETCL is augmenting the 220 kV Padgha-Pal transmission line capacity. This work will strengthen power supply across Kalyan and Dombivli areas. Alternative arrangements will maintain electricity supply during the ongoing project. Temporary outages may occur if the alternate line experiences technical faults. The project aims for long-term reliability and uninterrupted power supply. View More
Thane: The Maharashtra State Electricity Transmission Company ( MSETCL ) is undertaking capacity augmentation of the 220 kV Padgha-Pal transmission line to strengthen power supply across Kalyan, Dombivli and adjoining areas, officials said on Sunday. The work, being executed by the Dombivli Extra High Voltage Operation and Maintenance Department, began on July 26 and will continue till August 26. Electricity supply to Kalyan, Ulhasnagar, Ambernath, Badlapur, Dombivli city and surrounding rural areas would be maintained through alternative arrangements using the 220 kV Padgha-Jambhul transmission line, MSETCL's Deputy Chief Public Relations Officer Ajit Igatpurikar said. Also read: NTPC eyes Rs 17 trillion capex to nearly triple capacity by FY37 Any technical fault in the alternate line during the work period could lead to temporary outages or regulated power supply, including load shedding, in some areas, he said. Live Events He appealed to people to cooperate, saying the project would significantly improve the reliability, efficiency and uninterrupted power supply across the region in the long term. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
LPG Price August 2026: From August 1, the prices of 19-kg commercial LPG cylinders have been reduced by up to Rs 209, bringing relief to restaurants, hotels and other businesses that rely on the fuel. The latest revision marks the second consecutive monthly cut in commercial LPG prices and comes amid ongoing tensions in West Asia and concerns over global LPG supplies. View More
Commercial LPG cylinder prices have been reduced by up to Rs 209 from August 1, offering relief to restaurants, hotels and other businesses that rely on the fuel. According to news agency ANI, citing sources, the price of a 19-kg commercial LPG cylinder has been reduced by Rs 209 in Kolkata and Rs 202 in Delhi. Read more: Check gas cylinder rates in Delhi, Kolkata, Mumbai, Chennai, Bengaluru and other cities Following the revision, a 19-kg commercial LPG cylinder will cost Rs 2,872.50 in Kolkata from August 1. At the same time, aviation turbine fuel (ATF) became costlier after state-owned oil marketing companies raised prices by Rs 5 per litre, as per PTI. The prices have been raised to Rs 115 per litre from Rs 110 per litre, reversing the price cut implemented on July 1. Live Events Commercial LPG gets cheaper The price reduction applies only to 19-kg commercial LPG cylinders used by businesses. There has been no change in the prices of 14.2-kg domestic LPG cylinders supplied to households, ANI reported, citing sources. Second consecutive monthly price cut This is the second straight monthly reduction in commercial LPG prices after a similar cut in July. The latest revision partially offsets the sharp increases seen in recent months as global LPG prices climbed amid supply concerns linked to the Iran war and the wider West Asia crisis. Comes amid West Asia tensions The price revision comes two days after Prime Minister Narendra Modi chaired a nearly two-hour high-level meeting with senior ministers and top officials in Parliament to review India's preparedness in view of the escalating conflict in West Asia. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
Kay Jay Forgings and Polite Powertech have secured Sebi approval to launch their IPOs. Kay Jay plans to raise Rs 300 crore through a fresh issue along with a Rs 60 crore offer for sale, while Polite Powertech aims to fund working capital and business expansion through its public issue. View More
Kay Jay Forgings and Polite Powertech have received approval from capital markets regulator Sebi to launch their IPOs, adding to the pipeline of companies looking to tap the primary market. Kay Jay Forgings, a Ludhiana-based precision engineering and auto components maker, plans to raise up to Rs 300 crore through a fresh issue of shares. The IPO will also include an offer for sale of up to Rs 60 crore by existing shareholders. Polite Powertech, a power infrastructure engineering, procurement and construction company, has also received SEBI’s nod for its public issue. The company works in transmission, distribution and renewable energy projects. Kay Jay Forgings plans Rs 300 crore fresh issue Kay Jay Forgings is a business-to-business precision engineering company that manufactures machined components mainly for original equipment manufacturers in the automotive sector. The company also supplies to select non-automotive segments such as farm equipment, mining equipment and electronic home appliances. Its portfolio includes 286 products. Crankshafts and crankshaft assemblies are its core products. It also makes lower bracket assemblies, lever kick-starter assemblies, gear-shift lever assemblies, propeller shafts, door hinges and steering yokes. Live Events The company is the largest supplier of crankshafts and crankshaft assemblies to two-wheeler OEMs in India, with an estimated domestic market share of about 36% in fiscal 2025. Also Read: Bloomberg delays India bonds inclusion in global index as investors seek proof reforms work Crankshafts for two-wheelers have been a core product for the company since inception. Over the years, Kay Jay Forgings has expanded into components for three-wheelers, passenger vehicles, commercial vehicles, electric vehicles and non-automotive applications. The proposed IPO comes at a time when auto component makers are seeing investor interest because of demand from passenger vehicles, two-wheelers, commercial vehicles and exports. Precision engineering companies are also drawing attention as OEMs look for vendors with scale, product depth and manufacturing capability. Kay Jay Forgings’ listed peers include Ramkrishna Forgings, Kalyani Forge, Saner Engineering and Rolex Rings. The company’s shares are proposed to be listed on BSE and NSE. PL Capital is the sole book-running lead manager to the issue. Polite Powertech works in power infra EPC Polite Powertech is engaged in the design, supply, installation and commissioning of power infrastructure projects. The company operates in transmission, distribution and renewable energy projects. It has developed capabilities in high-voltage transmission, underground cabling, substation construction and solar EPC. The business builds on work carried out under Patel Electricals since 2006 and is active across several states in India. Polite Powertech plans to use the fresh issue proceeds for working capital requirements and general corporate purposes. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
