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Oil, gas industry to lose out heavily from GST: Icra

The GST law in its present form excludes a major portion of the oil and gas industry products thereby excluding the industry from most of the benefits of the one-tax-one-nation proposal.

 
 
According to the statement, total income has decreased from Rs 3,139.03 crore to Rs 2,631.71 crore in the quarter ended June 30.
Brent crude oil was down 50 cents at $42.97 a barrel by 1010 GMT, after touching $42.88, its lowest since April 20. US light crude was down 20 cents at $41.72.
"We are preparing a road map for 100 mw Concentrated Solar Thermal (CST) capacity for the next five years in India," UNIDO s National Project Manager Anil Misra said.
The MoU was signed between WBERC Secretary J C Chakraborty and KEPCO GM Moon Taeok, in presence of state power minister Shobhandeb Chatterjee.
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