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NCRTC and DMRC Collaborate on Unified QR Ticketing System
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Nagpur Body Collects Rs 836 Million in Property Tax as Scheme Ends
The Nagpur Municipal Corporation (NMC) concluded its property tax rebate scheme on December 31, 2024, amassing Rs 836 million from 1,63,813 property owners between July 1 and December 31. The scheme offered a 10% rebate for online payments and 5% for offline payments, incentivising many to clear their dues. However, a significant number of taxpayers missed the opportunity. Earlier in the financial year, NMC introduced higher rebates of up to 15% for online payments and 10% for offline payments for dues cleared before June 30, 2024. This earlier phase of the scheme resulted in Rs 768.5 mil..
Oil Prices Hit Highest Since October on Weather and China Stimulus
Oil prices reached their highest levels since October on January 6, driven by colder weather in the Northern Hemisphere and economic stimulus measures in China, which could boost global fuel demand. Brent crude futures rose 15 cents, or 0.2%, to $76.66 a barrel by 0125 GMT, following Friday's close at its highest since October 14. U.S. West Texas Intermediate (WTI) crude gained 22 cents, or 0.3%, to $74.18 a barrel, marking its highest close since October 11. China announced a significant increase in fiscal stimulus, including funding from ultra-long-dated treasury bonds to support business in..
Nayara Energy to Add One Fuel Station Per Day in 2025
Nayara Energy, India’s largest private fuel retailer, announced plans to expand its retail network by adding 400 petrol pumps in 2025, equating to one new fuel station every day. With over 6,500 outlets already operational, the company aims to strengthen its presence across states like Gujarat, Maharashtra, Tamil Nadu, and Rajasthan. In a statement, Nayara Energy confirmed it is "on track to add 400 retail outlets this year" and has revamped its dealer program to attract new entrepreneurs, offering opportunities to open petrol pumps nationwide. The company operates a 20-million-tonnes-per-ye..
