{"id":523285,"date":"2022-09-20T10:37:40","date_gmt":"2022-09-20T05:07:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=523285"},"modified":"2022-09-20T10:37:40","modified_gmt":"2022-09-20T05:07:40","slug":"indias-oil-ministry-seeks-windfall-tax-review-asks-for-exemption-for-some-oil-blocks","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-oil-ministry-seeks-windfall-tax-review-asks-for-exemption-for-some-oil-blocks\/","title":{"rendered":"India&#8217;s oil ministry seeks windfall tax review; asks for exemption for some oil blocks"},"content":{"rendered":"<p>India&#8217;s oil ministry has sought exemption for some oil fields from windfall profit tax levied by the central government on domestically produced crude and has asked for a review of the new levy, which it believes is against the principle of fiscal stability provided in contracts for finding and producing oil.<\/p>\n<p>In a letter dated August 12, reviewed by PTI, the oil ministry has sought the exemption from the two-and-half-month old levy for the oil field or blocks which were bid out to companies under Production Sharing Contract (PSC) and Revenue Sharing Contract (RSC).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s oil ministry has sought exemption for some oil fields from windfall profit tax levied by the central government on domestically produced crude and has asked for a review of the new levy, which it believes is against the principle of fiscal stability provided in contracts for finding and producing oil. In a letter dated August 12, reviewed by PTI, the oil ministry has sought the exemption from the two-and-half-month old levy for the oil field or blocks which were bid out to companies under Production Sharing Contract (PSC) and Revenue Sharing Contract (RSC).<\/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":[130,191,136],"tags":[],"class_list":["post-523285","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/523285","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=523285"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/523285\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=523285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=523285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=523285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}