South | Press Trust of India | Saturday January 24, 2015
Making a strong pitch before foreign investors in Davos at World Economic Forum, Andhra Pradesh Chief Minister Chandrababu Naidu said the state offers great opportunities in areas ranging from technology to tourism to infrastructure to oil refineries...
Friday January 23, 2015
Finance Minister Arun Jaitley has hinted at not raising tax rates and providing incentives for manufacturing in the upcoming Budget while asserting that "structural changes" will have to be made to get the economy to 8-9 per cent growth.
India | Press Trust of India | Tuesday January 20, 2015
Oil Minister Dharmendra Pradhan has mooted the idea of introducing lessons in fuel conservation in textbooks on the lines of environment studies to instill the habit of saving the scarce resource.
Saturday January 17, 2015
The government will soon finalise a policy providing incentives to companies for setting up BPOs in small towns of the country, Telecom Minister Ravi Shankar Prasad said here on Saturday.
Friday January 16, 2015
A day after oil companies skipped revising petrol and diesel prices despite a steep fall in global rates, Petroleum Minister Dharmendra Pradhan on Friday said the state-owned firms will do what is "appropriate".
Thursday January 15, 2015
A fall in oil prices to their lowest level in six years will help Finance minister Arun Jaitley reap a fiscal windfall of billions of dollars when he present his first annual budget next month.
India | Press Trust of India | Saturday January 10, 2015
In a unique drive, Oil Minister Dharmendra Pradhan is making personal calls to one prominent person every day to request them to give up buying subsidised cooking gas (LPG).
Saturday January 10, 2015
In a unique drive, Oil Minister Dharmendra Pradhan is making personal calls to one VIP every day to request them to give up buying subsidised cooking gas (LPG).
Friday January 9, 2015
Setting an example, Finance Minister Arun Jaitley has voluntarily given up use of subsidised LPG, joining a growing list of well-to-do people who have opted to buy cooking gas at market rate.
Thursday January 8, 2015
However, the Department of Disinvestment will take a call on time of divestment of ONGC, he told reporters after meeting with Finance Minister Arun Jaitley here.
World | Associated Press | Saturday December 27, 2014
Venezuela's former oil czar, Rafael Ramirez, has been named the nation's envoy to the United Nations.
Monday December 22, 2014
Oil prices resumed their downward march on Monday, doubling back on the biggest one-day gain in over two years, after Saudi Arabia's powerful oil minister said the Organization of the Petroleum Exporting Countries (OPEC) would not cut production at a...
Sunday December 21, 2014
The Oil Ministry has informed the Prime Minister's Office (PMO) that a consortium-led by BG Group had caused a production loss of $5.6 billion in western offshore Panna/Mukta and Tapti oil and gas fields by not completing a committed work programme.
Tuesday December 16, 2014
The government on Monday made it clear that Aadhaar number was not mandatory for transfer of subsidy amount of LPG cylinder and the option of providing a bank account is also available under the Direct Benefit Transfer of LPG (DBTL).
Monday December 15, 2014
Japanese stocks fell on Monday after slumping oil prices toppled Wall Street shares, while investors drew little comfort from Prime Minister Shinzo Abe's landslide win in a snap election over the weekend.
Friday December 12, 2014
A plunge of nearly half in oil prices could help Finance Minister Arun Jaitley reap a fiscal windfall of at least $12 billion (Rs 74,244 crore at 1 dollar = 61.8700 rupees) when he presents his Budget for 2015-16 in February, two government sources t...
Thursday December 11, 2014
Crude prices sank on Wednesday as OPEC forecast an increasing supply surplus in 2015, US crude inventories unexpectedly rose and OPEC's most influential voice, Saudi Arabia's oil minister, shrugged off the need for an output cut.
Thursday December 11, 2014
Comments by the Saudi Arabian oil minister shrugging off an output cut on Wednesday renewed worries of a global glut that has slashed oil prices by more than 40 per cent since June.
Wednesday December 10, 2014
Oil prices tumbled 5 per cent on Wednesday, pushing US crude to five-year lows near $60 per barrel after data showed a spike in American inventories and Saudi Arabia's oil minister reiterated that he had no plans to cut output.
Tuesday December 9, 2014
The CBI is looking into case of cheating and fraud against directors of Biotor Industries, manufacturer of castor oil, for allegedly submitting forged documents to three banks -- Bank of Maharashtra, Oriental Bank of Commerce and Central Bank of Indi...
Wednesday December 3, 2014
A day after the government hiked excise duty on petrol and diesel for the second time in three weeks, Oil Minister Dharmendra Pradhan on Wednesday said the move was meant to shore up revenue to meet budget deficit without burdening the consumer.
Wednesday December 3, 2014
Any move to lessen its discount burden will be favoured by investors as the government plans to sell a 5 per cent stake, worth about $2.5 billion, in ONGC as part of its divestment programme.
World | Associated Press | Tuesday December 2, 2014
Iraq's Finance Minister Hoshyar Zebari says the Central Government has reached an agreement in a long-standing oil dispute with the semi-autonomous Kurdish regional government.
Monday December 1, 2014
State-owned Oil and Natural Gas Corp (ONGC) is targeting mid-2018 for start of natural gas production from its Krishna Godavari basin KG-D5 block, Oil Minister Dharmendra Pradhan said today.