Ambushing private oil refinery companies which do not market in India in regard to their added value import - export rising profits seems too much like Vodaphone redux. Sowing distrust never pays off in the long run.
Great video. you've remind me of what someone once said❤️ "The mind is the man, the poor is in it and the rich is it too". This sentence is the secret of most successful investors. I once attended similar and ever since then i been waxing strong financially, and i most tell you the truth...
Thank you Jaydeep for your reply. For private refiners like Reliance, Nayara Energy and Vedanta, they have been aggressive in procuring Russian crude, which have been sold at huge discounts. So, they were able to procure crude cheap. And because of shutdowns for refineries in Ukraine and China, the price of refined products has shot up. So they have bought cheap and sold for high prices. For state-run refiners, they procure crude under annual term supply deals, so their margins are not as high. Moreover, for state-run refiners, most of their produce is sold domestically. - Shubham Batra
It's also to be noted that our import of Russian crude has increased alot over the recent weeks, right now Russia is the 2nd largest import supply of crude for india, that's almost 20-25% of Russia's global crude export. Since we havnt condemned Russia's invasion of Ukraine, Russia is selling it very cheap almost $30 lesser per barrel of crude. This helps boost our IIP in Refined Petroleum export and thereby benefitting from the windfall tax that these companies make. In a way we are benefitting from Russia's invasion and our pro-russian stand is helping us balance our fiscal in some way.
The numbers you mention at the end of the video come across as partial. You mention fiscal deficit as a percentage of GDP, and then the impact of the government in rupees. This makes it difficult to compare the numbers.
Repo Rate increased back to back (40 bp + 50 bp) currently @ 4.90% and SLR @ 18% ... When inflation is @ 7% (way above the target)... What time is it that u are saying inflation good for GDP? 😅 Don't have to be an economic student, I'm not anyway.
Ambushing private oil refinery companies which do not market in India in regard to their added value import - export rising profits seems too much like Vodaphone redux. Sowing distrust never pays off in the long run.
Crisp and clear
Great video. you've remind me of what someone once said❤️ "The mind is the man, the poor is in it and the rich is it too". This sentence is the secret of most successful investors. I once attended similar and ever since then i been waxing strong financially, and i most tell you the truth...
@Payton Krabby Funny enough a friend that I referred to him received $35,050 profit after 10 days of investing.... I became jealous.. Lol
@Darklce Hayes Really y'all know him? I even thought I'm the only one he has helped walk through the fears and falls of trading
ONGC has foreign sites too so windfall should not be such hugely effect as 15% share market fall
At 3:15, it's a bit confusing if the crude price rises, how does the profit rise ? Is it because they procure cheap Ural crude ?
Thank you Jaydeep for your reply.
For private refiners like Reliance, Nayara Energy and Vedanta, they have been aggressive in procuring Russian crude, which have been sold at huge discounts. So, they were able to procure crude cheap. And because of shutdowns for refineries in Ukraine and China, the price of refined products has shot up. So they have bought cheap and sold for high prices. For state-run refiners, they procure crude under annual term supply deals, so their margins are not as high. Moreover, for state-run refiners, most of their produce is sold domestically.
- Shubham Batra
@@ThePrintIndia Thanks for the clarification 👍
Wow.. amazing
Vveerrryyyyy interesting. Overspend and find new ways to take.
Nice information 👌
What is theforecasted profit to govt of india via this tax?
Should add a windfall tax to all pharma and hospitals. They are making too much money from this crisis.
Then what is your opinion on ONGC CM Price?
It's also to be noted that our import of Russian crude has increased alot over the recent weeks, right now Russia is the 2nd largest import supply of crude for india, that's almost 20-25% of Russia's global crude export. Since we havnt condemned Russia's invasion of Ukraine, Russia is selling it very cheap almost $30 lesser per barrel of crude. This helps boost our IIP in Refined Petroleum export and thereby benefitting from the windfall tax that these companies make. In a way we are benefitting from Russia's invasion and our pro-russian stand is helping us balance our fiscal in some way.
The numbers you mention at the end of the video come across as partial. You mention fiscal deficit as a percentage of GDP, and then the impact of the government in rupees. This makes it difficult to compare the numbers.
not the government but it was directed by RBI, And sometime Inflation is good for GDP, Only economics students will understand it
Yes ,only the poor and downtrodden are idiots.......Modi ji is clever.....how come inflation was bad when congress was in power?
Controlled predictable persistent inflation..... Only an economist can understand that
Repo Rate increased back to back (40 bp + 50 bp) currently @ 4.90% and SLR @ 18% ... When inflation is @ 7% (way above the target)... What time is it that u are saying inflation good for GDP? 😅 Don't have to be an economic student, I'm not anyway.