Ethanol Tax Waived, Nifty Drops Amid Global Tensions & NITI Aayog Holds Governing Council Meet
India has waived excise duty on petrol blended with 22 to 30 percent ethanol to accelerate the adoption of higher ethanol blends and reduce crude
India has waived excise duty on petrol blended with 22 to 30 percent ethanol to accelerate the adoption of higher ethanol blends and reduce crude oil dependence. The move has brought oil marketing and ethanol stocks into focus. Meanwhile, the Indian stock market opened on a weaker note, with the Nifty slipping below the 23,100 mark amid escalated geopolitical tensions in West Asia and a drop in Wall Street indices.
Brent crude prices have jumped to near 95 dollars a barrel. In other developments, the Reserve Bank of India has issued stricter eligibility norms and exposure caps for bank lending to REITs and InvITs, effective October 2026. Additionally, the eleventh governing council meeting of NITI Aayog is underway to discuss the roadmap for the nation's development by 2047, focusing on inclusive human development, jobs, and state deregulation.
The session also highlighted the upcoming initial public offering of a major aerospace company and the long-term investment potential of gold and silver despite recent price fluctuations. Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you'll never miss a new video. All you need to do is PRESS THE BELL ICON next to the Subscribe button!
India Today TV is India's leading English News Channel. India Today YouTube channel offers latest news videos on Politics, Business, Cricket, Bollywood, Lifestyle, Auto, Technology, Travel, Entertainment and a lot more. Stay tuned for latest updates and in-depth analysis of news from India and around the world! WhatsApp Channel
The BriefWire