Speaking on the occasion, Krishne Byre Gowda said the government hopes to bring about a change in dietary habits and promote a more sustainable future.
Petrol price rose to Rs 71.56 per litre in Delhi today, the highest since August 2014. Rates in Mumbai are almost touching Rs 80.
ONGC officials said the company has begun reviewing offshore logistics to make them “more safe and secure”.
The optimism comes from improved consumer sentiment, and gradual rise in rural demand, says a report by report by domestic brokerage ICICI Securities.
Analysts said offloading of bets by speculators led to fall in gold prices in futures trade due to absence of cues from global markets, which remained closed today on account of public holiday.
India is the third biggest oil importer globally and the government has been making efforts to bring down imports by using alternative fuels such as methanol.
After Centre hikes import duty on chana, massor daal, wholesale prices move closer to MSP.
In national capital, gold of 99.9 per cent and 99.5 per cent purity went up by Rs 10 each to Rs 29,700 and Rs 29,550 per ten gram, respectively. It had shed Rs 10 on Wednesday. Sovereign however remained unaltered at Rs 24,500 per piece of eight gram.
Import of pet coke has been growing and jumped from 3.3 million tonnes in 2012-13 to 14.4 million in 2016-17 when total national consumption hit 23.25 million due to relative high heat value and cheaper availability.
Based on past experience where fields were returned by private operators, ONGC wants a “provision of reverting back the field to NOC in case of non-performance by selected partner, without any compensation”
Marketmen attributed the rise in gold prices at futures trade to a firm trend in global market as investors remained cautious ahead of the release of minutes from the US Federal Reserve's last meeting.
The growth is in response to the rising demand for stainless steel, mainly from sectors such as auto, roads and highways, and housing.
The 1000-GW objective, more of a desire when the ISA was launched last year, has now become its official target
The state government is likely to auction the deposits later this month following planned changes to the National Mineral Policy that could enable wider participation, a senior state government official said on condition of anonymity.
Stressing the scope for food processing, Modi said India is the world’s second-largest producer of rice, wheat, fish, fruits and vegetables and the largest producer of milk.
The Supreme Court passed a judgment on August 2, 2017, wherein it directed the Central government to revisit the National Mineral Policy, 2008, and announce a “fresh and more effective, meaningful and implementable policy” before the end of this year
Partner selected for production enhancement shall acquire 60% of farm-in interest in field: DGH draft policy paper.
The company proposes to utilise the proceeds towards augmenting the capital base.
From an average of Rs 48.65 per litre last month for domestic airlines in four metros, ATF has become dearer at Rs 54.62 per litre from October 1.
Sets the ball rolling for likely inclusion of petro items in new indirect tax regime.
In what will help India adopt a better mechanism for price discovery of both domestic as well as imported gas, the petroleum ministry will seek the Union Cabinet’s approval for a domestic gas trading hub. Stating this on Tuesday, petroleum minister Dharmendra Pradhan also said his ministry was in the process of creating an internal […]
The new rates after reduction in the VAT will be Rs 68.32 per litre from Rs 69.01 per in case of petrol and Rs 56.32 from Rs 57.09 per litre for diesel.
The decision to lower VAT charges came after Union Finance Minister Arun Jaitley wrote to all state governments, asking them to reduce taxes on petrol and diesel.
The price of petrol will go down by Rs 2.93 to Rs 67.63/litre while the price of diesel will go down by Rs 2.72 to Rs 60.77/litre
Global oil firms interested to invest $1 trillion in the country in next five years.
Cement companies will continue to bear the brunt of higher pet-coke prices that increased 13 per cent q-o-q to $96 per tonne in Q1 FY18, Kotak Institutional Equities Research Analyst Murtuza Arsiwalla said in the report.
There was a revival of coal demand post monsoon rains, mjunction CEO Vinaya Varma said, adding that at present the buyers are looking for restocking for the approaching winter months.
The government had on Friday reversed its August order of bringing gems and jewellery dealers under the purview of the reporting requirement of the Prevention of Money Laundering Act (PMLA).
Other demands included upward revision of the dealer margins every six months, better terms for return on investment, resolution of manpower issues, a fresh study of handling losses, and resolution of issues related to transportation and ethanol blending.
With the state's fiscal outlook worsening, a cut of Rs 2 per litre in VAT on petrol and diesel will lead to a revenue loss of Rs 2600 crore, sources said. Besides the VAT, a surcharge of Rs 11 per litre and Rs 2 per litre is collected on petrol and diesel, respectively.
The declines came after the Energy Information Administration (EIA) said late on Wednesday that U.S. crude oil exports jumped to 1.98 million barrels per day (bpd) last week
"Given already stretched fiscal finances due to front-loaded spending and lower non-tax revenues, this decision further adds to the risk that the government will likely miss its 2017-18 fiscal deficit target of 3.2 per cent of GDP," Nomura said in the research note.
"We urge states to take responsibility just like the centre did, in direction of consumer interest. If states slash VAT (on fuel) by 5%, consumers will get more relief," said Dharmendra Pradhan.
Higher fine for running automated pumps on manual modes sans permission.
Even as the yearly increase in ATF prices may be slower in India than the global average, on an absolute basis though, it is significantly more expensive for airlines here.
Excise duty on petrol, diesel cut by Rs 2: Excise duty on petrol and diesel was Rs 9.48 and Rs 3.56 a litre respectively before the NDA government took office, which has gone up to Rs 21.48 and Rs 17.33 a litre, respectively, an increase of 226 per cent and 486 per cent, respectively, over the May 2014 level.