- Jun 23, 2020
is there some app which can keep notifying me about price of different cryptos
Have you ever tried mining bitcoins? With heavy systems like antminer ?Live Cryptocurrency data, market capitalization, charts, prices, trades and volumes. Create real-time notifications and alerts.in.investing.com
Haven't dealt in Bitcoin personally.Have you ever tried mining bitcoins? With heavy systems like antminer ?
Lets do it in simple way.Got a few questions.
How many litres is one million tonne based on the data below?
View attachment 116114
1 tonne = 1000 kg
1000 kg of petrol(gasoline) = 1,406.03 liters
View attachment 116116
1000 kg of diesel = 1,129.94 liters (should be rounded off to 1130 but excluding it)
View attachment 116115
Source - https://www.thecalculatorsite.com/conversions/common/liters-to-metric-tons.php
Gasoline/Petrol consumption in the month of June 2021 is 2.12 million tonnes per day.
1 million tonnes = 1000000000 kg
2.12 million tonnes = 2120000000 kg
So 2.12 million tonnes in litres would be 2120000000 * 1.406L = 2980720000 litres/day.
I hope I am correct so far.
Now central tax on petrol is Rs. 33/litre.
So 2980720000 * 33 = 98363760000(Rs) or Rs. 9836.376 crores. (A)
That's Rs. 9836.376 crores on petrol sales of 2.12 million tonnes per day.
If State VAT is calculated at a random average rate of Rs. 20/L, the figure for VAT adds up to
So 2980720000 * 20 = 59614400000(Rs) or Rs. 5961.44 crores. (B)
State wise breakup of VAT on Petrol and Diesel can be found here https://taxguru.in/excise-duty/taxes-levied-petrol-diesel-india.html
So daily collection of Central+State tax on 2.12 million tonnes of petrol/gasoline would add up to A+B = Rs. 15797.816 crores.
These numbers somehow don't add up. Hope someone can chip in.
An editorial mess up screwed my calculations.Lets do it in simple way.
India consumed 194.63 million tonnes of petroleum products in 2020-21 as compared with 214.12 million tonnes demand in the previous year, according to the latest data released by the oil ministry's Petroleum Planning and Analysis Cell (PPAC).
Lets us assume total yearly consumption is 200 million tonne = 200 billion ltr ( assume 1 kg = 1 ltr)
Tax rupee per ltr
= 200 × 33 billion rupee
= 200 ×33 × 100 crore rupee
= 6,60,000 crore rupee
This assumes 100% fuel consumption is taxable which is not the case.
70% of Diesel, 99.6 % of Petrol consumed by Transport Sector. M/s Nielsen submits All India Study Report to PPAC on sale of Diesel and Petrol.
So if we reduce this amount by 20% and assume state govt, central govt department, defense etc consumed 5% more. We effectively get tax on 75% of total consumption.
75% of 6,60,000 crore is ~ 5 lakh crore.
These are estimates on current tax of 33 rupee. If you average this out throughout the year, tax will be in the range of 20 to 35 rupee. Lets take 25 as approximation.
Final estimates are 5 lac crore ×25/33
That is 3.8 lakh crore of central revenue.
Maaf kar de billa.. but I didn't make fun of you.. just asked how 2.5 billion dollars can be equal to 49k crores at current exchange rates.
Ya'll Nibbiars Another ambanis property The Anil Ambani property at Pali Hill. Top location. Plan was submitted for a 153 meter building. That was rejected. Now it's less than half the size. Heard different variations on property.
He should resign for being pals with a dude who makes ugly as fuck homes.Ya'll Nibbiars Another ambanis property The Anil Ambani property at Pali Hill. Top location. Plan was submitted for a 153 meter building. That was rejected. Now it's less than half the size. Heard different variations on property.
View attachment 116129
And here by The Fascist Modi Resgins.
View attachment 116128
So expect tool Kit gang to hyperactive. India was recovering very well before Covid 2nd wave destroyed the momentum.India all set for a boom phase in coming years ...
India Business News: ICICI Bank, State Bank of India, Lodha, DLF, L&T, HDFC, ACC, Kajaria and Supreme some of the stocks that are likely to gain from this expected grotimesofindia.indiatimes.com
Massive road infrastructure development in the country would yield a multiplier effect on development.www.financialexpress.com
Not sure on recovery but we are in hyper inflation era on ground for sure. Problem is that this will affect the mango man most.Have been off the forums for an while. Can someone give brief summary: if recovery is good/ bad/ moderate?
Many people still complaining about petrol price hike and unemployment.
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