Oil Bonds

Petroleum Minister Hardeep Singh Puri on Thursday said over Rs 1.5 lakh crore of oil bonds issued by the previous UPA government remains to be paid, limiting fiscal space and restricting financial freedom of oil firms.

Petroleum Minister Hardeep Singh Puri has said that Rs 1.5 lakh crore of oil bonds issued by the Congress-led UPA regime remain outstanding.

The Congress today accused Finance Minister Nirmala Sitharaman of "falsely" citing the oil bonds issued by the previous UPA government as the reason for not reducing fuel prices.

The government would have easily given relief from high oil prices if it did not had to bear the cost of oil bonds that the previous government had issued to companies, Finance Minister Nirmala Sitharaman told reporters today.

The 10-year bond, which is likely to be soon replaced as the benchmark paper, was up 6 bps at 6.15%, its highest since April 16.

Consumers today are suffering in India because of the oil bonds legacy of the UPA era, sources in PM Modi's government said, referring to the huge amount of funds now is being directed towards meeting the liabilities of previous regimes.

From strengthening baby's muscles to building a good bond with the little one, these massage oils for your baby are must-haves

The move is part of an onslaught on international debt markets by Gulf issuers seeking to plug finances hit by the pandemic and weak oil prices, which has pushed regional issuance past last year's record to surpass $100 billion.

From strengthening baby's muscles to building a good bond with the little one, massage plays important roles

Oil and equity markets staged solid rebounds on Tuesday after the previous day's pummelling, with signs of co-ordinated action by the world's biggest economies to cushion the economic impact of coronavirus helping pull investors out of panic mode. Most benchmark government bond yields also rose from record lows hit the previous day, as hopes for st...

Investors have turned skittish about the health of India's finances amid signs that the government is ready to sacrifice fiscal discipline as it weighs an aid package to appease farmers, a key voting block.

The turnaround for the worst-hit emerging markets in Asia started earlier in the month when oil prices plunged.

Indian Rupee Vs Dollar: After opening higher at 72.18 - its strongest level since September 21 - the rupee appreciated further by 67 paise against the US dollar in early trade on Wednesday, reported news agencies Press Trust of India (PTI) and Reuters. Rupee's gains came amid a collapse in crude oil prices which dropped to one-year lows. Besides, t...

A decline in oil prices and the rally in the currency also boosted bonds, which rose to their highest in nearly two months. The rupee rose as high as 72.4350 vs the dollar, gaining 1.44 per cent during trade, the most since September 19, 2013.

The rupee crashed to a new all-time low of 73.77 against the US dollar on Thursday, reported news agency Press Trust of India (PTI). The local currency dropped 44 paise against the US currency in the morning session as global oil prices continued to rise, deepening concerns about the current account deficit (CAD) and capital outflows. Consistent do...

Petroleum Minister Hardeep Singh Puri on Thursday said over Rs 1.5 lakh crore of oil bonds issued by the previous UPA government remains to be paid, limiting fiscal space and restricting financial freedom of oil firms.

Petroleum Minister Hardeep Singh Puri has said that Rs 1.5 lakh crore of oil bonds issued by the Congress-led UPA regime remain outstanding.

The Congress today accused Finance Minister Nirmala Sitharaman of "falsely" citing the oil bonds issued by the previous UPA government as the reason for not reducing fuel prices.

The government would have easily given relief from high oil prices if it did not had to bear the cost of oil bonds that the previous government had issued to companies, Finance Minister Nirmala Sitharaman told reporters today.

The 10-year bond, which is likely to be soon replaced as the benchmark paper, was up 6 bps at 6.15%, its highest since April 16.

Consumers today are suffering in India because of the oil bonds legacy of the UPA era, sources in PM Modi's government said, referring to the huge amount of funds now is being directed towards meeting the liabilities of previous regimes.

From strengthening baby's muscles to building a good bond with the little one, these massage oils for your baby are must-haves

The move is part of an onslaught on international debt markets by Gulf issuers seeking to plug finances hit by the pandemic and weak oil prices, which has pushed regional issuance past last year's record to surpass $100 billion.

From strengthening baby's muscles to building a good bond with the little one, massage plays important roles

Oil and equity markets staged solid rebounds on Tuesday after the previous day's pummelling, with signs of co-ordinated action by the world's biggest economies to cushion the economic impact of coronavirus helping pull investors out of panic mode. Most benchmark government bond yields also rose from record lows hit the previous day, as hopes for st...

Investors have turned skittish about the health of India's finances amid signs that the government is ready to sacrifice fiscal discipline as it weighs an aid package to appease farmers, a key voting block.

The turnaround for the worst-hit emerging markets in Asia started earlier in the month when oil prices plunged.

Indian Rupee Vs Dollar: After opening higher at 72.18 - its strongest level since September 21 - the rupee appreciated further by 67 paise against the US dollar in early trade on Wednesday, reported news agencies Press Trust of India (PTI) and Reuters. Rupee's gains came amid a collapse in crude oil prices which dropped to one-year lows. Besides, t...

A decline in oil prices and the rally in the currency also boosted bonds, which rose to their highest in nearly two months. The rupee rose as high as 72.4350 vs the dollar, gaining 1.44 per cent during trade, the most since September 19, 2013.

The rupee crashed to a new all-time low of 73.77 against the US dollar on Thursday, reported news agency Press Trust of India (PTI). The local currency dropped 44 paise against the US currency in the morning session as global oil prices continued to rise, deepening concerns about the current account deficit (CAD) and capital outflows. Consistent do...