Business
OMCs are under scrutiny as crude oil reaches a 1-year low; BPCL and HPCL are up 5%

Oil marketing companies (OMCs) are under scrutiny as crude oil reaches a 1-year low. The government has asked OMCs to pass on the benefit of lower crude oil prices to consumers. However, the OMCs have not been very forthcoming in doing so. As a result, the government is now looking at ways to force the OMCs to pass on the benefit of lower crude oil prices to consumers.
One way the government is looking at is to ask OMCs to sell petrol and diesel at a discount to the prices they charge at international airports. This would effectively force the OMCs to sell petrol and diesel at a lower price in the domestic market.
The other way the government is looking at is to ask OMCs to sell petrol and diesel at a fixed price for a certain period of time. This would give OMCs some respite from the volatile crude oil prices, and at the same time, ensure that consumers get the benefit of lower crude oil prices.
The government is still to take a final decision on the matter. However, it is clear that the OMCs are under pressure to pass on the benefit of lower crude oil prices to consumers.
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India
We chase comfort’: CEO’s rant on ‘too many’ holidays in India reignites work-life balance debate

Indian CEO Ravikumar Tummalacharla has criticized the country’s excessive use of public and optional holidays, claiming they hinder productivity and bring work to a standstill. He urged for a change in holiday culture and emphasized the need for India to prioritize economic growth. Tummalacharla cited a list of public and optional holidays in April 2025, stating that.
Frequent non-working days are negatively impacting Indian professionals’ productivity. He also argued that this holiday culture could negatively impact India’s international credibility. Tummalacharla urged Prime Minister Modi and the Labour Ministry to reassess the frequency of holidays in India. He also highlighted the importance of a balance between India’s.
The CEO of Lenovo, JD Vance, has been criticized for including optional holidays and migration to the US and the country’s economic growth. weekends in his work schedule, which has sparked a debate on LinkedIn. Users have argued that it is unfair to compare India and China without considering their unique social and political contexts. Instead, they suggest.
That holidays should be managed to minimize disruption to work. The CEO also asked those opposing him to think like job creators, stating that growth comes from challenge and purpose. He also criticized those suggesting AI solutions for when manpower is not available, stating that AI can’t build roads, guard borders, or treat patients as India still relies on people.
Who work through holidays so others can rest. He urged India to reflect on the values behind holidays and consider what they give rather than just enjoying long weekends. The CEO also highlighted the need for more contributors, not just critics, to India’s workforce. The CEO’s post has sparked a debate on the use of AI in India and around the world.
A recent statement by a CEO criticizing India’s holiday culture has reignited the ongoing debate over work-life balance in the country. The CEO, whose identity has not been disclosed, expressed concern over what he perceives as an excessive number of public holidays in India, suggesting that this leads to decreased productivity and a lack of work ethic.
This comment has sparked a significant backlash on social media platforms, with many users defending the importance of holidays for mental health and family time. Critics argue that the CEO’s perspective overlooks the cultural and social significance of holidays in India, and that such remarks may contribute to a toxic work culture that prioritizes work over well-being.
The controversy comes amid a broader conversation about work culture in India. Recent incidents, such as the death of a young employee reportedly due to overwork, have brought attention to the pressures faced by workers in the country. These events have led to calls for a reevaluation of work expectations and a push for policies that promote a healthier work-life balance.
In contrast, some business leaders have advocated for longer work hours, suggesting that could negatively impact India’s international credibility. increased productivity is necessary for economic growth. For instance, former NITI Aayog CEO Amitabh Kant has proposed that Indians should work 80-90 hours a week to achieve a $30 trillion economy by 2047 .
However, such views have been met with criticism, with opponents highlighting the potential negative impact on workers’ health and quality of life As the debate continues, it underscores the need for a balanced approach that considers both economic objectives and the well-being of the workforce.
The discussion reflects a growing recognition of the importance of work-life balance in fostering a sustainable and productive work environment excessive number of public holidays in India.
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Business
Budget 2025: How couples will benefit from ‘joint taxation’ proposed by ICAI
In anticipation of the Union Budget 2025, the Institute of Chartered Accountants of India (ICAI) has proposed the introduction of a ‘joint taxation’ system for married couples. This initiative aims to treat married couples as a single taxable entity, allowing them to file combined income tax returns, a practice prevalent in countries like the United States and the United Kingdom.
Key Features of the Proposal:
- Combined Income Filing: Married couples would have the option to aggregate their incomes and file a single tax return, rather than separate individual returns. ndtv.com
- Enhanced Exemption Limits: The basic exemption limit is proposed to be doubled for joint filers. For instance, if the individual exemption limit is ₹7 lakh, a married couple filing jointly would enjoy an exemption of ₹14 lakh. ndtv.com
- Revised Tax Slabs: The proposal includes broader tax brackets under the Joint Taxation Scheme, potentially reducing the overall tax burden for couples. bignewsnetwork.com
Benefits for Married Couples:
- Tax Savings: By combining incomes, couples might fall into lower tax brackets, leading to significant tax savings. This is especially beneficial if one spouse has a substantially lower income or is not earning.
- Simplified Compliance: Filing a single tax return can simplify the tax compliance process, reducing paperwork and administrative efforts.
- Equitable Taxation: The system aims to provide relief to families with a single primary earner and address disparities in tax liabilities between single-income and dual-income households. theaccountant-online.com
Considerations:
- Implementation Complexity: Introducing joint taxation would require significant changes to the current tax framework, including adjustments to deductions, exemptions, and surcharges. This complexity might delay its adoption. financialexpress.com
- Optional vs. Mandatory: The proposal suggests that joint filing should be optional, allowing couples to choose between individual or joint taxation based on their financial situations.
- In anticipation of the Union Budget 2025, the Institute of Chartered Accountants of India (ICAI) has proposed the introduction of a ‘joint taxation’ system for married couples. This initiative aims to treat married couples as a single taxable entity, allowing them to file combined income tax returns, a practice prevalent in countries like the United States and the United Kingdom.
- Preventing Tax Evasion: The initiative aims to reduce tax evasion by encouraging transparent reporting of combined household incomes.
Global Perspective:
Many countries have implemented joint taxation systems, recognizing the family as a single economic unit. This approach often results in tax benefits for couples, promoting fairness and reducing the tax burden on single-income families. In anticipation of the Union Budget 2025, the Institute of Chartered.
Accountants of India (ICAI) has proposed the introduction of a ‘joint taxation’ system for married couples. This initiative aims to treat married couples as a single taxable entity, allowing them to file combined income tax returns, a practice prevalent in countries like the United States and the United Kingdom.
The ICAI’s proposal for joint taxation in the upcoming Budget 2025 represents a significant shift in India’s tax policy, aiming to provide substantial benefits to married couples. If implemented, it could lead to increased disposable incomes for families.
simplified tax processes, and a more equitable taxation system. However, the complexity of overhauling the existing tax framework means that careful consideration and phased implementation would be essential.
Tax Savings: By combining incomes, couples might fall into lower tax brackets, leading to significant tax savings. This is especially beneficial if one spouse has a substantially lower income or is not earning.
India
Vivo V50 launch in February 2025: Specs, features, and others we expect to launch
Vivo is gearing up to launch its latest addition to the V-series, the Vivo V50, in India in February 2025. According to industry sources, the anticipated launch date is around the third week of February, possibly on February 18.
Design and Display
The Vivo V50 is expected to feature a 6.67-inch AMOLED display, offering vibrant colors and deep contrasts. The design is reminiscent of the Vivo S20, which was released exclusively in China in December 2024.
Performance
Under the hood, the Vivo V50 is rumored to be powered by the Qualcomm Snapdragon 7 Gen 3 chipset, ensuring efficient performance for multitasking and demanding applications. The device is expected to come in multiple configurations:
- 8GB RAM with 128GB storage
- 8GB RAM with 256GB storage
- 12GB RAM with 256GB storage
Camera System
Photography enthusiasts can look forward to a versatile camera setup. While specific details are still under wraps, Vivo’s V-series has historically emphasized strong camera performance, suggesting that the V50 will continue this trend.
Battery and Charging
The Vivo V50 is expected to house a substantial 6,000mAh battery, supporting 90W fast charging. This combination ensures prolonged usage and quick recharge times, catering to users with active lifestyles.
Operating System
The smartphone is anticipated to run on Android 15, providing users with the latest features and security updates.
Color Variants
According to recent certifications, the Vivo V50 will be available in multiple color options, allowing users to choose a variant that best suits their style.
Pricing and Availability
While official pricing details are yet to be announced, industry estimates suggest that the Vivo V50 will be priced around ₹39,990 in India.
The device is expected to be available through Vivo’s official channels and major retail outlets across the country.
Conclusion
The Vivo V50 is shaping up to be a compelling option in the mid-range smartphone segment, offering a blend of performance, design, and innovative features. As the launch approaches, more detailed information is expected to emerge, providing a clearer picture of what this device will offer to consumers.
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