It,s directly proportional to economic activity too Sir ji. There is a reason why commie auntie is bragging about record tax collections and still crying i need more "taxes" via excise et all !!!!
Even if we say that we are buying 30% from on spot contracts, 70% is still bough on long term contracts... so govt is profiteering further by imposing excise et all..Hmm, but those Habibis in the middle East willfully enforce an option in those contracts which enables them to profiteer by cutting the supplies later. The buyer becomes obligated to lift the product but they are not obligated to supply. That's why Indian Companies have shifted more to spot contracting (from some 20% to around 33% during a decade)
India asks state refiners to review oil import contracts with Saudi
The government has told IOC, BPCL and HPCL) to look for oil supplies from outside the Middle East region and use collective bargaining power to get favourable terms.www.thehindu.com
Why else you think Europe was so addicted to Russian energy at spot contracts
Too early to celebrate...typical ejaculation of indian youtubers, the moment they see a girl unbutton her first one on her shirt...
Arey but what percent of that long term contract gets materialised isn't sure.
That's the secret info OMC don't want us to know. I assumed 70% by a healthy margin.
I am not crying over them. Anyways, there is a reason i do not own anything fueled by fossil fuels.. Have controlled my self so far.. let us see.. financially doesn't make any sense. I pay almost 52% or so on acquiring a vehicle and than pay more than same each time, i want to go some where... anyways.. IR also need passengers LOL
From Indian Oil website
I believe That * in bottom tells the story.. this is based on Avg spot price not the actual one...i cud be wrong too... i suspect IOC will ever reveal the contracted price as it being a hot potato and will hit their profits
A Chinese company
hope they are not planning to ruin our market with super discounts, they don’t sell that many in India.
Chinese owned British company.A Chinese company
Beggars can't be choosers
Most of the people in india think that economic backwardness or poverty in Bihar/Jharkhand/Odisha is because of local politics but that’s not the case the economic exploitation of Bihar/Jharkhand/Odisha was initiated by british after the mutiny of 1857 and since congress party inherited the policies of Britain they made sure that Industries don’t move to Bihar Jharkhand this is something which even the people of Bihar Jharkhand don’t know read this wonderful article written by an economistThe central government has received a total 17 proposals from 13 states for the establishment of textile parks under PM Mega Integrated Textile Region and Apparel (PM MITRA) having an outlay of Rs 4,445 crore.
PM MITRA proposals currently under evaluation, says Union Minister Jardosh
The Union Minister of State for Textiles Darshana Jardosh informed Lok Sabha that currently all the proposals received from states for setting up of textile park under the PM Mega Integrated Textile Region and Apparel (PM MITRA) are under scrutiny foknnindia.co.in
You will love it, @Chandragupt Maurya
Bihar pushes for mega textile park, identifies 1,719-acre land in West Champaran
Bihar industries minister Shahnawaz Hussain said the state submitted the proposal to the central government after making all required preparationswww.google.com
www.nationalheraldindia.com
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