On February 28, 2015 09:41 (IST)
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.
On February 27, 2015 11:53 (IST)
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...
On February 26, 2015 22:35 (IST)
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.
On February 25, 2015 18:32 (IST)
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...
On February 25, 2015 18:29 (IST)
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.
On February 16, 2015 18:55 (IST)
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.
On February 16, 2015 15:22 (IST)
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.
On February 05, 2015 14:52 (IST)
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 ...
On January 31, 2015 19:31 (IST)
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.
On January 28, 2015 12:27 (IST)
"We will take into account market conditions for divestment," Pradhan told reporters on the sidelines of a world energy congress in New Delhi.
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).