Tripura implements restrictions on fuel sales to combat smuggling

PM Modi inaugurates 3rd land port in Tripura and other projects

Prime Minister Narendra Modi, during the virtual inauguration of the 3rd Land Port at Sabroom in South Tripura, restated his government's commitment to ensuring housing for every family, providing free ration, access to safe drinking water, complimentary healthcare, and sustainable internet facilities, even in the remotest corners of the country.

In his address, he mentioned that the development of India as a whole is unattainable without the progress of the "Astha Laxmi" (referring to the eight states in the region) in the Northeast. To realise this objective, the BJP-led government h..

PM Modi inaugurates 3rd land port in Tripura and other projects

Prime Minister Narendra Modi, during the virtual inauguration of the 3rd Land Port at Sabroom in South Tripura, reiterated his government's commitment to ensuring housing for every family, providing free ration, safe drinking water, free healthcare, and sustainable internet facilities even in the remotest corners of the country.

While referring to the Northeast, he emphasized that the development of India as a whole is not possible without developing the "Astha Laxmi" (referring to the eight states in the region). To achieve this, the BJP-led government has focused on the Act East Poli..

Tripura Unveils Budget for 2024-25 Fiscal Year

Tripura's Finance Minister, Pranajit Singha Roy, unveiled a robust budget of Rs 27,804.67 crore for the fiscal year 2024-25, emphasizing infrastructure development to boost job creation in the northeastern state. Roy allocated Rs 6,633.80 crore for capital expenditure and Rs 1,721.94 crore specifically for the agriculture sector, aiming to bolster economic growth and stability.

Highlighting the state's economic performance, Roy stated, "During 2022-23, the Gross State Domestic Product (GSDP) grew at around 8.89 per cent, surpassing the national level growth rate of 7.20 per cent. For t..

Indian Government Reduces Windfall Tax on Crude Petroleum

The Indian government has decided to reduce the windfall tax on crude petroleum, lowering it to Rs 5,700 per metric ton effective from May 16. This decision comes amidst efforts to balance revenue generation with the need to mitigate the impact of high global crude oil prices on domestic consumers and industries.

The windfall tax reduction follows a period of sustained increase in global oil prices, which have posed challenges for India's economy and inflationary pressures. By revising the tax rate downwards, authorities aim to provide relief to consumers while ensuring a stable environ..

Cairn Oil & Gas Reserves Surge

Cairn Oil & Gas, a subsidiary of Vedanta Resources, has reported a significant 19% increase in its oil and gas reserves, now totalling an impressive 1.4 billion barrels of oil equivalent. This notable growth underscores Cairn's robust exploration and production capabilities, solidifying its position as a leading player in India's energy sector.

The increase is attributed to successful exploration activities and efficient reservoir management, which have optimised recovery rates. Cairn's CEO, Nick Walker, highlighted that this achievement aligns with the company's strategic goal..