{"id":494914,"date":"2022-05-31T09:25:07","date_gmt":"2022-05-31T03:55:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=494914"},"modified":"2022-05-31T10:43:32","modified_gmt":"2022-05-31T05:13:32","slug":"do-not-see-govt-slapping-windfall-tax-amid-soaring-energy-prices-ongc","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/do-not-see-govt-slapping-windfall-tax-amid-soaring-energy-prices-ongc\/","title":{"rendered":"Do not see govt slapping windfall tax amid soaring energy prices: ONGC"},"content":{"rendered":"<p>The government is not looking to impose any new tax on windfall gains that oil and gas producers earned from shooting energy prices, India&#8217;s top producer ONGC said Monday.<\/p>\n<p>Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) reported bumper profits in the March quarter (when international prices soared to a near 14-year high of USD 139 per barrel) and record earnings in 2021-22, triggering talks of the government slapping a windfall tax.<\/p>\n<p>&#8220;We have not received any communication on this,&#8221; ONGC chairman and managing director Alka Mittal told a news conference here.<\/p>\n<p>Last week, Oil India Ltd (OIL) Chairman SC Mishra stated the same.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government is not looking to impose any new tax on windfall gains that oil and gas producers earned from shooting energy prices, India&#8217;s top producer ONGC said Monday. Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) reported bumper profits in the March quarter (when international prices soared to a near 14-year high of USD 139 per barrel) and record earnings in 2021-22, triggering talks of the government slapping a windfall tax. &#8220;We have not received any communication on this,&#8221; ONGC chairman and managing director Alka Mittal told a news conference here. Last week, Oil India Ltd [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-494914","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/494914","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=494914"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/494914\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=494914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=494914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=494914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}