'Oil Minister' - 388 News Result(s)

  • Government Targets 1 Crore Consumers to Give Up LPG Subsidy: Report
    Government Targets 1 Crore Consumers to Give Up LPG Subsidy: Report

    There are about 15.3 crore LPG consumers in the country.

  • Jaitley Expects Global Crude Oil Prices to Stabilise Soon
    Jaitley Expects Global Crude Oil Prices to Stabilise Soon

    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.

  • Government Expects to Raise Rs 22,574 Crore From Share Sale in Four Companies
    Government Expects to Raise Rs 22,574 Crore From Share Sale in Four Companies

    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.

  • Current Account Deficit Below 1% of GDP in FY16: Arun Jaitley
    Current Account Deficit Below 1% of GDP in FY16: Arun Jaitley

    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

  • Will Budget Unleash Big Bang Reforms?
    Will Budget Unleash Big Bang Reforms?

    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.

  • Budget: Why Petrol, Diesel, LPG Prices May Go Up
    Budget: Why Petrol, Diesel, LPG Prices May Go Up

    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...

  • Oil Firms Suffer Inventory Loss of Rs 30,000 Cr on Price Fall: Jaitley
    Oil Firms Suffer Inventory Loss of Rs 30,000 Cr on Price Fall: Jaitley

    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.

  • Regulator for Lower Marketing Margin on Gas: Oil Minister
    Regulator for Lower Marketing Margin on Gas: Oil Minister

    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...

  • ATF Costs Less Than Petrol, Diesel: Oil Minister
    ATF Costs Less Than Petrol, Diesel: Oil Minister

    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.

  • Oil Steadies Around $61, Kuwait Sees Prices Supported
    Oil Steadies Around $61, Kuwait Sees Prices Supported

    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.

  • Customs Duty on Crude Oil May Be Reintroduced
    Customs Duty on Crude Oil May Be Reintroduced

    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.

  • FY16 Divestment Target to be Around Rs 43,000 Crore: Report
    FY16 Divestment Target to be Around Rs 43,000 Crore: Report

    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 ...

  • PM Modi Reviews Progress of LPG Subsidy Transfer Scheme
    PM Modi Reviews Progress of LPG Subsidy Transfer Scheme

    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.

  • ONGC Share Sale Scheduled for This Fiscal: Oil Minister
    ONGC Share Sale Scheduled for This Fiscal: Oil Minister

    "We will take into account market conditions for divestment," Pradhan told reporters on the sidelines of a world energy congress in New Delhi.

  • Arun Jaitley Hints at Not Raising Tax Rates
    Arun Jaitley Hints at Not Raising Tax Rates

    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.

  • Incentives for Firms Setting Up BPOs in Small Towns Soon
    Incentives for Firms Setting Up BPOs in Small Towns Soon

    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.

  • Oil Firms to Decide on Petrol, Diesel Price Revision: Minister
    Oil Firms to Decide on Petrol, Diesel Price Revision: Minister

    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".

  • Budget to Make Provision For Oil Storage: Report
    Budget to Make Provision For Oil Storage: Report

    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.

  • Oil Minister Urges VIPs to Give Up LPG Subsidy
    Oil Minister Urges VIPs to Give Up LPG Subsidy

    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).

  • Arun Jaitley Gives Up LPG Subsidy
    Arun Jaitley Gives Up LPG Subsidy

    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.

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