Saturday March 28, 2015
Concerned over volatility in international oil prices, Finance Minister Arun Jaitley on Friday expressed hope that the situation in the Middle East will improve and the prices will stabilise.
India News | Reported by Ketki Angre, Edited by Abhishek Chakraborty | Saturday March 28, 2015
Prime Minister Narendra Modi has urged those who can afford it to surrender subsidised cooking gas or LPG. The Prime Minister said that 2.8 lakh people had responded to an earlier appeal by him made last August through national advertisements issued ...
Thomson Reuters | Friday March 20, 2015
The cabinet has already approved the sale of 5 per cent stakes in ONGC and Bharat Heavy Electricals Ltd, and 10 per cent each in NALCO and NMDC Ltd, Mr Sinha told lawmakers in a written reply in the lower house of parliament.
Thomson Reuters | Tuesday March 17, 2015
The deficit narrowed to 1.6 per cent in the October-December quarter from 2 per cent a quarter earlier on the back of slumping oil prices
India News | Reuters | Friday March 13, 2015
Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) and the local subsidiary of Indian Oil Corporation have agreed to develop a strategic oil storage facility in Trincomalee, Prime Minister Narendra Modi said today.
Thomson Reuters | Saturday February 28, 2015
Reaping the benefits of low global prices for oil, India's main import, Modi's government sees itself in a sweet spot with spare cash to modernize ageing roads and railways without busting fiscal deficit and inflation targets.
Friday February 27, 2015
Finance Minister Arun Jaitley is expected to provide some tax breaks to the salaried class in Saturday's Budget, analysts say. To compensate for the shortfall in revenues, Mr Jaitley may hike indirect taxes, including customs duty on crude oil import...
Press Trust of India | Thursday February 26, 2015
Finance Minister Arun Jaitley on Thursday defended petrol and diesel pricing policy of state-run firms, saying they had suffered an inventory loss of Rs 30,000 crore this fiscal year on falling international oil prices.
Wednesday February 25, 2015
Aviation Turbine Fuel (ATF), used in aircraft, costs less than petrol and diesel as the common man auto fuels attract higher excise duty levy.
Press Trust of India | Wednesday February 25, 2015
The Petroleum and Natural Gas Regulatory Board (PNGRB) has suggested a maximum marketing margin on natural gas sold to fertiliser and LPG plants of about 11.5 cents, less than what state-run GAIL and Reliance Industries currently charge from gas user...
Press Trust of India | Wednesday February 25, 2015
Aviation turbine fuel (ATF), used in aircraft, costs less than petrol and diesel as the common man auto fuels attract higher excise duty levy, Oil Minister Dharmendra Pradhan said on Wednesday.
India News | Reported by Tanima Biswas, Edited by Anindita Sanyal | Monday February 23, 2015
Delhi Police arrested another man in the corporate espionage case today - taking the total number of arrests to 13. Five others were detained for questioning.
India News | Press Trust of India | Sunday February 22, 2015
After the leak of documents from his ministry, Petroleum Minister Dharmendra Pradhan on Sunday asserted that all those who subverted the system would be punished. He, however, made it clear that the government was not targeting any particular corpora...
Cheat Sheet | Edited by Mala Das (with inputs from agencies) | Saturday February 21, 2015
Union Home Minister Rajnath Singh today said that the guilty would not be spared in the case of corporate espionage involving top-secret government documents, and promised "strictest punishment". Five senior energy company employees, who were arreste...
Cheat Sheet | Edited by Mala Das | Saturday February 21, 2015
Five senior energy company employees were arrested by the Delhi Police's Crime Branch on Friday in connection with the case of corporate espionage involving top-secret government documents. Delhi Chief Minister Arvind Kejriwal today tweeted that the ...
Cheat Sheet | Edited by Amit Chaturvedi | Friday February 20, 2015
The Delhi Police Crime Branch has arrested five more energy company employees today in connection with the case over corporate espionage involving government documents. The stolen documents included top-secret government information not just from the...
Thomson Reuters | Monday February 16, 2015
The recent rally "will start holding gains now and hopefully in the second half of 2015 we will see better prices", the minister, Ali al-Omair, said.
Monday February 16, 2015
Finance Minister Arun Jaitley may look at reimposing 5 per cent customs duty on crude oil imports to shore up revenues by $3 billion and create a level playing field for domestic producers.
Kerala News | Press Trust of India | Monday February 9, 2015
Kerala Chief Minister Oommen Chandy today said that "it was possible" for the BJP-led NDA government to slash the prices of petrol and diesel further as the price of crude oil has "dipped considerably" in the international market.
World News | Agence France-Presse | Friday February 6, 2015
Germany's defence minister warned today that sending weapons to help Ukraine fight pro-Moscow rebels would "pour oil onto the flames" of the conflict and make a resolution less likely.
Thursday February 5, 2015
Finance Minister Arun Jaitley, in the Budget for 2015-16, is likely to target around Rs 43,000 crore from disinvestment proceeds, almost the same level that the government expects to realise from stake sale in public sector undertakings or PSUs this ...
World News | Reuters | Monday February 2, 2015
A kidnapped senior Libyan oil official has been released after more than two weeks of captivity, a senior official said on Sunday.
Saturday January 31, 2015
Prime Minister Narendra Modi on Saturday reviewed the progress of implementation of the scheme for paying subsidy on cooking gas (LPG) directly into bank accounts of consumers.
Wednesday January 28, 2015
"We will take into account market conditions for divestment," Pradhan told reporters on the sidelines of a world energy congress in New Delhi.