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GST on capital goods erodes fiscal stability in new oilfield law: Ficci to Oil Minister Puri

New Delhi 30September2025

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Millennium Post Delhi

Ficci said the sector was not asking for fresh incentives but urged govt to maintain contractual terms already agreed upon

The Federation of Indian Chambers of Commerce and Industry (Ficci) has raised concerns that the recent hike in GST on capital goods for the oil, gas, and coal bed methane (CBM) sectors undermines the stability promised under the newly approved Oilfields (Regulation and Development) Amendment Act, 2025.

In a letter to Petroleum and Natural Gas Minister Hardeep Singh Puri on September 25— the second this month—Ficci said raising GST on capital goods for petroleum, natural gas) and CBM from 12 per cent to 18 per cent places additional strain on an industry already disadvantaged by the exclusion of natural gas from GST.

المزيد من القصص من Millennium Post Delhi

Millennium Post Delhi

Millennium Post Delhi

India, Oman set to sign trade pact: Commerce Secretary

NEW DELHI: India and Oman are poised to sign the free trade agreement, which aims to boost economic ties between the two countries, Commerce Secretary Rajesh Agrawal said on Monday.

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1 min

Delhi 16 December 2025

Millennium Post Delhi

Cambodia claims Thai bombing hit deeper into its territory

Heavy combat between Thailand and Cambodia entered a second week on Monday, with Phnom Penh claiming that Thai bombing is hitting deeper into its territory, coming close to shelters for people who had already fled dangerous areas along the border.

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1 min

Delhi 16 December 2025

Millennium Post Delhi

Iran hosts talks on Afghanistan; Kabul stays away

Afghanistan's neighbours met in Iran and agreed to deepen regional coordination to address political, economic and security challenges, as well as calling for sanctions on Afghanistan to be lifted.

time to read

1 min

Delhi 16 December 2025

Millennium Post Delhi

Delhi government invites tenders to develop two city forest projects

The Delhi government has drawn up plans to develop two city forests in the southwest and northwest parts of the city, with projects proposed at Kharkhari Jatmal and Mukhmelpur, according to official documents.

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1 mins

Delhi 16 December 2025

Millennium Post Delhi

Anger over alleged misbehaviour to temple killing

Fuelled by anger over the alleged misbehaviour with his mother, a 33-year-old man stabbed a woman to death inside a temple in east Delhi’s Mansarovar Park after he allegedly went there intending to kill the victim's husband, police said on Monday.

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1 min

Delhi 16 December 2025

Millennium Post Delhi

Markets close marginally lower on foreign fund outflows, weak rupee

MUMBAI: Benchmark stock indices Sensex and Nifty pared most of early losses to close marginally down on Monday amid persistent foreign fund outflows and weak global trends.

time to read

1 min

Delhi 16 December 2025

Millennium Post Delhi

Govt set to incentivise states to bridge skill gap with industry: Official

NEW DELHI: The Ministry of Skill Development and Entrepreneurship plans to incentivise districts and states to work closely with industry to address local skill gaps through a hyper-local approach, as part of efforts to build a future-ready workforce, a senior official said on Monday.

time to read

1 min

Delhi 16 December 2025

Millennium Post Delhi

SC: Long period of separation between husband, wife amounts to cruelty to both

‘WITHOUT ANY HOPE FOR RECONCILIATION’

time to read

3 mins

Delhi 16 December 2025

Millennium Post Delhi

Over 12 injured as fog causes major pile-up near Gr Noida

DIPIKA KIROLA

time to read

1 mins

Delhi 16 December 2025

Millennium Post Delhi

Millennium Post Delhi

Messi signs off India tour

‘I WILL BE BACK,’ MESSI TELLS FANS

time to read

2 mins

Delhi 16 December 2025

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