Economy News

Gas pricing will ensure profit, not windfall profit: Arun Jaitley

FM Arun Jaitley has said the USD 5.61 per mmBtu rate will ensure explorers make profit but not windfall gain. (PTI)

The NDA government after coming to power twice deferred a decision on gas price hike, which was orig...

Energy sector reforms: Govt to take Ordinance route for e-auction of coal minesRevamped Kisan Vikas Patra to be launched early next month
Power, steel, cement sectors were going to suffer because of non-functioning of coal mines whose allocation was cancelled: Arun Jaitley
Energy sector reforms: Govt to take Ordinance route for e-auction of coal mines
This is not de-nationalisation of coal mining, says FM; convicted cos 'debarred', adds Goyal.

Air India to get Rs 6000 cr capital infusion from Centre this fiscal

State-owned Air India will get around Rs 3,000 crore more in the later part of this fiscal from the ...

Govt to offload 5% stake in ONGC next month, may get Rs 18K cr

The government is likely to divest 5 per cent stake in ONGC in the first week of November....

Freeing diesel will allow RBI to cut rates: Report

The government decision to free diesel prices will give more space to the Reserve Bank...

Much to learn from India growth strategy: Jagdish Bhagwati, Arvind Panagariya

Bhagwati and Panagariya demonstrate how growth was the strategy deployed to reduce poverty.
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CPI(M) hits out at NDA govt over diesel price deregulation
CPI(M) today hit out at the BJP- led government for deregulating diesel pricing...
Chidambaram to visit Dubai tomorrow to woo investments
P Chidambaram will be visiting Dubai to sell India's growth story to sovereign wealth funds.
Electricity prices set to be hiked by 50 to 70p/unit as Centre plans pooling of coal rates
Even as the government looks at providing electricity 24/7 for all, consumers should brace...
Natural gas price hike puts P. Chidambaram in corner over Reliance Industries
Gurudas Dasgupta alleged a 'gigantic scam' was in the making in the Oil Ministry's proposal to hike ...
India Inc tightens belt for impressive Q2 numbers
India Inc tightens belt for impressive Q2 numbers.
FM pegs fuel subsidy for current fiscal at Rs 20,000 cr
Chidambaram today said cash payouts to oil firms this fiscal will be just Rs 20,000 crore.
Gas price hike fruitful if discoms buy costlier power: NTPC's Arup Roy Choudhury
With the government announcing increase in the price of domestically produced gas...
86% of Indian businesses want more tax guidance: Thornton report
Around 68% of businesses globally would welcome more global cooperation and guidance.
Diesel price cut to reduce WPI by 20bp in next two months: Motilal Oswal
Diesel deregulation would result in a sharp fall in diesel inflation...
CAD to worsen in Q2 after improving in Jan-Mar quarterr: Nomura
India's current account deficit is expected to show some improvement in the January-March period.
After Maharashtra, Haryana polls, 37% of India's GDP now in states under BJP control: What this means
BJP control of Maharashtra and Haryana, in addition to Gujarat, Rajasthan and Madhya Pradesh...
FinMin agrees to pay pending oil subsidy bill of Rs 40K crore
Govt to retain the current system of trade parity pricing for OMCs.
State of Maharashtra economy: Booming and growing, but unequally
Despite boasting among the highest growth rates in the country and owning the second highest number ...
India in depth: A costly flirtation with 'linkers'
India is set to join the small but growing club of nations whose governments issue inflation-indexed...
Diesel free, private OMCs look to tank up on retail plans
The countryís largest fuel retailer, IndianOil, operates over 23,900 pumps across the country.
Economy turning around, growth to exceed 6% this fiscal: PM
Prime Minister said that the economic growth is expected to recover in 2013-14.
In letter to Piyush Goyal, private gencos raise concerns over UMPP bidding norms
Last week, Adani Power, Jindal Power and Sterlite Energy pulled out of the bidding process for a UMP...
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