Only way to create sustainable growth and boost employment is to make India more competitive, and rationalizing the tax framework
Headroom for consumption / investment stimulus is limited in Budget 2017
Phase out MAT | Incentivise research and development | Reduce corporate tax rate.
Expect a rise in prices that will be supported by decline in global oil inventory & a possible deficit in 2017
As a whole, the oil industry has been struggling to cover its investment needs and dividend payments