RIL shares fall over 4% as windfall tax returns on fuel exports; Rs 82,000 crore wiped off market value

Shares of Reliance Industries Ltd (RIL) fell more than 4% on Friday after the government reintroduced windfall taxes on diesel and aviation turbine fuel (ATF) exports, eroding over Rs 82,000 crore from the company’s market capitalisation in intra-day trade.At 3:30 pm, shares of Reliance Industries Ltd were trading at Rs 1,350.80, down Rs 62.30 or…

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Middle East crisis: Govt levies export duties on diesel, turbine oil; eyes over Rs 1,500 crore collection in fortnight

NEW DELHI: The government has imposed export duties on diesel and turbine fuel, a move aimed at improving availability of these products in the domestic market, according to the CBIC chairman’s statement on Friday.The decision is also expected to strengthen the country’s energy security by ensuring adequate supplies amid evolving global conditions.Revenue collections from the…

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Who is Mahan Maharaj? The monk-mathematician redefining the boundaries of science and spirituality

Mahan Maharaj, born Mahan Mitra, is a distinguished Indian mathematician and monk whose life bridges advanced scientific research and spiritual pursuit. A professor at TIFR, he is known for major contributions to geometry and for challenging the notion that intellectual excellence and monastic discipline must exist separately. Some lives resist easy categorisation. Mahan Maharaj belongs…

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How recent Foreign Tax Credit changes impact salaried taxpayers earning from abroad

FTC allows individual taxpayers to claim a credit in India for taxes paid in a foreign jurisdiction on the same income. (AI image) With the rise in global workforce mobility, an increasing number of Indian professionals are earning income across multiple jurisdictions. Employees of multinational companies undertaking overseas assignments, or cross-border roles receive regular salaries…

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