Life Insurance: Protection policies drive new premium
Washington meet: India, US to hold more talks for trade package
India's water crisis is real: What will happen by 2020?
Income Tax Return: How to choose the right ITR to report salary, freelance income - Explained here
PM Modi’s Make in India is in trouble, here is why
- Here is why - Timely payments to MSMEs are crucial
- Skilling for India's future: All skilling an up-skilling initiatives must be industry-led
- Is Google's Android the problem or the solution?
- Discontinue Aadhaar-based payments through UPI and IMPS, NPCI tells banks
- RBI to issue new Rs 100 notes; here's first look of new lavender-coloured currency
Saurabh Kumar
-
Capex Plan: ONGC spared buyback obligation
The government has exempted state-owned explorer ONGC from the twin obligations of buying back its own shares and issuing bonus shares in the current fiscal.
-
Diesel home delivery pilots to be scaled up – Check details here
Following the three successful pilots — one each by the state-run oil marketing companies (OMCs) — to deliver diesel at doorsteps, each of these firms will soon have eight such test projects.
-
No takers for IRCTC’s e-bedroll
Railway passengers often complain about smelly blankets and dirty bedsheets provided in air-conditioned coaches, but they are not too happy with the alternative either, which is new bedding for which they have to pay.
-
LPG subsidy a distortion, provide fuel-agnostic cooking sop: NITI Aayog
The NITI Aayog has suggested to the Ministry of Petroleum and Natural Gas that eligible beneficiaries receiving subsidy on liquefied petroleum gas (LPG) should rather be given a ‘cooking subsidy’ through direct benefit transfer (DBT).
-
No service charge on e-tickets: IRCTC to get Rs 120 crore from Finance Ministry to make up for loss
In further relief to Indian Railway Catering and Tourism Corporation (IRCTC), the finance ministry has decided to pay Rs 120 crore to the railways arm to offset the losses due to waiver of service charge on tickets booked online through its portal in 2018-19.
-
US’ Iran Sanctions: India OMCs, OVL’s Farzad-B to take hit
Earlier, the US had toughened its stance, saying it expected “zero” import of Iranian oil from all countries including China and India, the two biggest importers of oil from the Islamic country.
-
Hydrocarbon E&P: Changes mulled in royalty, cess paid in pre-NELP era
The government is of the view that current PSCs are very rigid in terms of time lines and there are ambiguities in several provisions affecting hydrocarbon exploration and production activities.
-
Bilaspur-Manali-Leh rail line to be highest in the world, overtaking China’s Qinghai-Tibet Railway
Surveys are underway for four lines that would cost a humongous Rs 2 trn, with the defence ministry footing the bill.
-
US Sanctions Loom: Iran oil – India to go back to payment in rupees
India imports around 10% of its crude oil requirement from Iran and the Islamic nation is the third-largest supplier to India.
-
Supply constraints hit Indian railways’ induction of freight wagons
The Indian Railways (IR) is not getting as many freight wagons as required to replace its older stock and deploy new rakes owing to supply constraints.
-
Railways’ goods sheds may become privately-managed freight terminals
Goods sheds of Indian Railways (IR), many of which are in a dilapidated and abandoned condition, may soon become revenue churners for the transporter.
-
Discovered Small Field second round delayed by two months
Bidding for the discovered small fields will now start in September instead of July.
-
PMT row: RIL, Shell, ONGC told to pay £723,962 in interim
While Shell India and Reliance Industries hold 30% each in the PMT joint venture, ONGC holds the remaining 40%.
-
Cairn’s Barmer PSC: Govt to challenge Delhi High Court verdict
Cairn’s Barmer block was among the 10 that were granted extension under a new policy last year.
-
ONGC told to prove 50 pct KG basin fields in deep water
The price ceiling for gas produced from difficult fields (also called high-pressure high-temperature fields) was revised upward by 7.6% from $6.30 per MMBTU to $6.78 per MMBTU.
-
Indian Railways’ non-fare revenue initiatives have turned damp squib
During 2017-18, the NFR segment contributed around Rs 8,600 crore compared with the target of Rs 14,000 crore.
-
Petrol, diesel price: Oil marketing companies follow norms, but enjoy commercial freedom
OMCs haven’t been fully passing on the increase in landed costs to consumers
-
Station redevelopment programme: Railways seeks Cabinet nod for revamped policy
After a lot of deliberations with the ministry of finance and Niti Aayog, the ministry of railways has finally sent a note to the Cabinet on the ambitious station redevelopment programme, revamping the process approved earlier.
-
Costlier crude: Burden may fall again on ONGC, OIL
The ONGC stock fell 4.5% on Thursday to close at Rs 167.65 on the BSE.
-
From billing efficiency to increase in revenues; here’s how smart meters can benefit consumers and discoms
India is rapidly working towards realising its vision of affordable and accessible 24×7 power. Already the third-largest conventional energy producer, India is building the world’s largest solar plants to achieve 175 GW of solar capacity by 2022.
-
Rising oil prices: States make a killing, Centre gains little in terms of excise revenue
Though taxes are around 100% of the ‘base price’ of petrol or half the retail price (the case of diesel is comparable) and both the Centre and state governments treat the two auto fuels as a milch cow, it is only the states that benefit from a spike in their prices.
-
Eight states/UTs ‘kerosene-free’ fuel’s use on rapid decline
Four more states/union territories around the national capital region have become ‘kerosene-free’, in what showed the success of the government’s drive to minimise usage of this fuel.
-
Pain at the pump: Brace yourself for even costlier auto fuels
With oil turning costlier relentlessly — Brent crude went past $80 a barrel on Thursday, up 3.3% from a week ago and a three-and-half-year high, taking the cost of Indian basket to a prohibitive $76 a barrel — and the rupee losing value against the dollar, consumers should brace for more hikes in auto fuel prices.
-
No change of field, GEM Labs told; asked to apply afresh
Bengaluru-based GEM Laboratories has been told by the Directorate General of Hydrocarbons that its demand for allocation of a new hydrocarbon field, instead of Neduvasal in Tamil Nadu awarded under the first round of the Discovered Small Field (DSF) Policy, cannot be fulfilled.
-
Letting go: Shell India to exit PMT fields
With production from the offshore Panna-Mukta-Tapti (PMT) fields falling, operator Shell India has written to the Union government that it will not be seeking an extension of its production sharing contract (PSC) which is due to expire in December 2019, two people close to the development confirmed.
-
New beginning: First ship for India’s strategic oil reserve to set sail today
India is set to receive its first ever crude oil consignment for storing in the newly built strategic oil reserve at Mangaluru as India’s petroleum minister Dharmendra Pradhan and Abu Dhabi National Oil Company’s (Adnoc) chief executive officer Sultan Al Jaber will flag off the first vessel from the Persian Gulf country on Saturday.
-
Looming US sanctions: India may not cut oil imports from Iran
Tehran provides Indian importers a credit of 90 days compared with around 30 days by other suppliers. Iran is the third-largest supplier for the country after Iraq and Saudi Arabia.
