{"id":452638,"date":"2021-11-29T12:25:43","date_gmt":"2021-11-29T06:55:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=452638"},"modified":"2021-11-29T12:25:43","modified_gmt":"2021-11-29T06:55:43","slug":"budget-wish-list-oil-producers-seek-tax-sops-to-raise-domestic-output","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/budget-wish-list-oil-producers-seek-tax-sops-to-raise-domestic-output\/","title":{"rendered":"Budget wish-list: Oil producers seek tax sops to raise domestic output"},"content":{"rendered":"<p>Domestic hydrocarbon producers have sought various tax sops and the restoration of some duty exemptions in their budget wish-list, even as the government has expressed concerns over the stagnant output.<\/p>\n<p>The Association of oil and gas operators (AOGO) which include state-run Oil and Natural Gas Corporation, Oil India and major private producers such as Cairn India, Reliance Industries, BP and Shell India\u2019s subsidiary BG Exploration and Production also sought the restoration of the \u2018investment allowance\u2019 system, which made tax incentives available on capital expenditure made on plants and machineries in the past. The system was discontinued since FY18.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Domestic hydrocarbon producers have sought various tax sops and the restoration of some duty exemptions in their budget wish-list, even as the government has expressed concerns over the stagnant output. The Association of oil and gas operators (AOGO) which include state-run Oil and Natural Gas Corporation, Oil India and major private producers such as Cairn India, Reliance Industries, BP and Shell India\u2019s subsidiary BG Exploration and Production also sought the restoration of the \u2018investment allowance\u2019 system, which made tax incentives available on capital expenditure made on plants and machineries in the past. The system was discontinued since FY18.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-452638","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/452638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=452638"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/452638\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=452638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=452638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=452638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}