Reliance Industries joint CFO flags recession as a worry, bats for rollback of windfall tax

A global slowdown or recession is also cause for concern, said joint chief financial officer V Srikanth in a post earnings call on Friday. On July 1, the government imposed a windfall tax of Rs 13 per litre on diesel exports and rs 6 per litre on gasoline exports to limit extraordinary profits of private refiners like RIL, which has been maximising exports from its refineries in Jamnagar, Gujarat.

from Energy-Industry-Economic Times https://ift.tt/4uZI3oF