Under the petroleum head, the latest Budget has listed out non-tax revenue collection estimates of ₹24,185 crore in FY24.
This is up an annual 37.3 per cent from the revised estimates of ₹17,620 crore in FY23, and 20 per cent higher than the ₹20,036 crore in FY22.
Officials said the government considered a higher amount of Petroleum Exploration License Fee being collected in FY24.
The Ministry of Petroleum and Natural Gas (MoPNG) had also communicated the same to the Finance Ministry, they added.
The government lists receipts from licence fees for the right of exploration of oil and gas, as well as royalty on off-shore crude oil and gas production.
Bu hikaye Business Standard dergisinin February 03, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Standard dergisinin February 03, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Bihar, Andhra carry a high debt legacy
Bihar joins AP in taking fiscal stress in recent years, but lags far behind the southern state in prosperity
DAUGHTERS INC
The unfolding succession at several Indian family businesses is shining the spotlight on daughters
Carmaker bets on India's growing love for SUVs
IPO-bound Hyundai Motor India Limited is betting big on India's newfound obsession with sports utility vehicles (SUVs).
Eye on green future, auto majors line up over ₹2 trn
With an eye on volumes as well as investing in future technologies, leading passenger-vehicle (PV) makers have lined up investments of over ₹2 trillion over the next few years.
HOT ON COLD
How Amul navigated the tricky terrains of India's ice cream market
Apple to ʻpay' OpenAI for ChatGPT through distribution, not cash
When Apple's Chief Executive Officer Tim Cook and his top deputies this week unveiled a landmark arrangement with OpenAI to integrate ChatGPT into the iPhone, iPad and Mac, they were mum on the financial terms.
L&T Finance's rural biz book reaches ₹25K cr
L&T Finance's rural business finance (RBF) book has hit the ₹25,000 crore mark in the first quarter of the current financial year after posting compound annual growth rate (CAGR) of 26 per cent between FY21 and FY24.
Investing for children: Buy house or opt for MFs?
I was speaking to Meera and her spouse, Karan, about their financial plan.
Failure to report foreign income leads to loss of DTAA benefit
Not reporting foreign assets and income may also result in penalty and even jail sentence
Sparks fly after Musk's EVM post, Chandrasekhar offers 'tutorial'
Tesla and SpaceX Chief Executive Officer (CEO) Elon Musk has said that electronic voting machines (EVMs) should be eliminated as they are prone to \"getting hacked\" by humans or AI (artificial intelligence).