On January 23, 2015 22:00 (IST)
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.
On January 17, 2015 14:52 (IST)
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.
On January 16, 2015 15:49 (IST)
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".
On January 15, 2015 16:39 (IST)
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.
On January 10, 2015 18:27 (IST)
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).
On January 09, 2015 18:17 (IST)
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.
On January 08, 2015 20:54 (IST)
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.
On December 22, 2014 22:54 (IST)
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...
On December 21, 2014 20:55 (IST)
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.
On December 16, 2014 01:31 (IST)
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).
On December 15, 2014 08:32 (IST)
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.
On December 12, 2014 22:55 (IST)
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...
On December 11, 2014 20:35 (IST)
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.
On December 11, 2014 18:51 (IST)
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.
On December 10, 2014 23:51 (IST)
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.
On December 09, 2014 16:07 (IST)
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...
On December 03, 2014 21:02 (IST)
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.
On December 03, 2014 17:48 (IST)
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.
On November 27, 2014 22:24 (IST)
Asked whether the oil producer group had decided to reduce production, Saudi Arabian Oil Minister Ali al-Naimi told reporters: "That is right."