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BUDGET 2017-2018 Special

Latest Updates -
-The latest income tax slabs for 2017-2018 can be found here - Income tax slabs 2017-18.

-The latest free income tax calculator to calculate your latest tax and to compare your tax savings from previous year can be found here
Free Income Tax calculator for calculating tax for 2017-18.

Oil price reaches another record - Possible causes

Possibility of supply disruptions has raised oil prices to a record high. Prices for US light, sweet crude oil have reached $117.48.

    Major causes for recent oil price hike:
  • High demand from rapidly developing countries like India and China.
  • Falling dollar value.
  • Reluctance of oil producing countries to increase production.
  • Recent militant attack on pipelines in Nigeria. This resulted in a decrease in oil production.
  • A Japanese oil tanker lost thousands of gallons of fuel after it was attacked off the coast of Yemen.
  • Grangemouth, one of the largest refineries in the UK is expecting closure due to worker strike.

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