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    Russian oil dominates India’s oil imports; share of Iraq, Saudi Arabia, UAE and US falls

    April 9, 2024 - By how finance works

    Russia dominated India’s oil imports in 2023-24 regardless of lowering reductions on oil and sanctions from G7 nations for its actions in Ukraine. In keeping with vitality cargo tracker Vortexa, Russian oil now accounts for 35% of India’s whole imports, up from 23% the earlier 12 months.In the meantime, different…

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    How a pretend quantity landed UAE fund in tax soup

    March 5, 2024 - By how finance works

    MUMBAI: What’s in a quantity? Effectively, a fictitious cell quantity ‘9999999999’ that was entered by Abu Dhabi Funding Authority to allow it to add its revenue tax return on the portal, led to I-T authorities doubting the veracity of this entity. Consequently, the commissioner (appeals) upheld tax at 20% on…

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Recent Posts

  • Understanding the Components of Working Capital
  • Understanding the Distinction Between Fixed Capital and Working Capital
  • The 8-4-3 Rule of Compounding Explained (Ultimate Guide)
  • What Components Are Included in Public Finance?
  • Understanding CRADJ: What It Means on Your Bank Statement