Saurabh Kumar

Railways get GST relief, exempted from IGST on rolling stock

In further relief to Indian Railways, the goods and services tax (GST) Council has exempted the carrier’s inter-state movement of rolling stock such as coaches and locomotives.

Indian Railways, GST Council, gst rollout, gst prices, gst rates News

Three cash rich Railways PSU’s may buy back shares worth Rs 500 cr

Three cash-rich rail PSUs — Ircon International, Rail Vikas Nigam and Rites — are likely to undertake buyback of their own shares before their initial public offerings (IPOs) hit the market later this year.

cash-rich rail, Ircon International, Rail Vikas Nigam and Rites, initial public offerings, IPOs, PSUs, capex plans, DIPAM News

Bengaluru start-up starts diesel home delivery in city

The Petroleum Rules, 1976, says no licence is needed for transport or storage of petroleum class B (non-bulk) in quantity not exceeding 2,500 litres and in receptacle not exceeding 1,000 litres.

Petroleum Rules, petroleum no licence, petroleum class B News

Railways fears jump from 4 percent to 18 percent in tax rate under GST

Indian Railways is worried that the tax treatment of work contracts in the GST regime would inflate its cost of expansion, as the contractors threaten the additional tax liability on them will reflect in contract values.

Indian Railways, tax treatment, tax GST, tax liability, tax on passenger fares News

Stranded power plants get Qatar lifeline; SPV planned to help source fuel

In what could give a lifeline to several stranded gas-based power plants, Qatar may enter into a long-term contract to supply gas to them. The power plants will form a special purpose vehicle (SPV) where Qatar’s gas produce

power plant, qatar india, gas production News

India found Farzad B field set to go to Iran, Dharmendra Pradhan says do not mind at all

The field discovered by ONGC Videsh ten years back has gas reserve of 21.7 tcf.

Dharmendra Pradhan, india, ONGC News

Is Narendra Modi government’s bounty overstated?

Despite scheme for the BPL, half of PMUY beneficiaries pay around Rs 1,500 upfront, which they can ill-afford.

Narendra Modi, Union minister Mukhtar Abbas Naqvi, LPG connection, PMUY, Jharkhand News

Railways station redevelopment drive: Public sector giant to hold road shows abroad to attract investors

Enthused by the response received from overseas developers for the station redevelopment programme, the Indian Railways will hold roadshows abroad to showcase the financial robustness of the scheme and attract more investors.

Indian Railways, Ralways, railway sector News

To develop fuel facility at Smaller airports, OMCs seek SOPs

The oil marketing companies (OMCs) are seeking a concessional rate to develop fueling facility at smaller airports which will be operational under the government's flagship Regional Connectivity Scheme (RCS).

OMC, SOP, oil marketing companies, aviation ministry, Petroleum and Explosives Safety Organisation, PESO News

Petrol, diesel daily price revision: Dealers worry about losses, set to play hardball with OMCs

Even though the oil marketing companies (OMCs) maintain that daily petrol and diesel retail price revision will result in better management of inventories, the issue seems set to escalate as dealers plan to play hardball.

Economy News

Integrated GST cost worries railways

The Indian Railways might be staring at a substantial loss in irrecoverable integrated (interstate) GST, or integrated GST, if the council meeting on Sunday does not consider its plea to put its own material movement and coac

Integrated GST, GST cost worries railways, GST, Railways, IGST waiver, GSTrollout News

Railways to replace all general class passenger trains with self-propelled carriages to raise speed

The Indian Railways is all set to replace all only-general-class passenger trains with MEMU or DEMU rakes to increase traffic speed.

Indian Railways, Indian Railways news, Indian Railways latest news, memu, demu, general class passenger trains, general class passenger trains to replace, diesel electric multiple uni, demu trains, memu trains News

New Hydrocarbon licensing policy: Government expects no fireworks

As the new Open Acreage Licensing Policy under the Hydrocarbon Exploration Licensing Policy will be rolled out on July 1, the government expects the initial response to be tepid.

Open Acreage Licensing Policy, new Open Acreage Licensing Policy, oalp, new oalp, Hydrocarbon Exploration Licensing Policy, help, Hydrocarbon Licensing Policy News

Petrol, diesel price hikes and cuts on daily basis from mid-June at fuel pumps across India

From the second fortnight of June, dynamic pricing of petrol and diesel will be extended to the entire country by the oil marketing companies (OMCs).

Petrol, diesel price hikes, oil marketing companies, Indian Oil Corporation, Bharat Petroleum Corporation, Hindustan Petroleum Corporation News

Narendra Modi government offers cash to states to get rid of kerosene subsidy

With DBT-kerosene a non-starter, Centre’s focus on cash sops to states voluntarily cutting PDS kerosene quotas

Narendra Modi, Narendra Modi government, kerosene subsidy, DBTK,  PDS kerosene demand, PMUY, karnataka, Jharkhand  News

Suresh Prabhu-led Railways inks major success, passenger traffic jumps 2.5%; suburban system logs 4% growth

In what may signal a sustained revival in passenger traffic of Indian Railways (IR), the segment witnessed a 2.5% growth in the April-May 2017 period compared with the similar period a year ago.

Suresh Prabhu, indian railways, railways passengers, Punjab, Maharashtra, Coal India News

Indian Railways to slash Shatabdi short-run trains’ fares

The fares for short distance travels in Shatabdi trains are set to be reduced across the country following a successful experiment in two such trains wherein fares were reduced leading to a sharp increase in patronage.

Shatabdi trains, Shatabdi trains fares, Shatabdi trains fares to be reduced, reduction in Shatabdi trains fares, reduction in fares of Shatabdi trains, indian railways, railways, shatabdi News

India’s LNG supply not to be affected after Gulf states boycott Qatar over terror

New Delhi plans to honour its long-term contracts with Doha which are crucial for its domestic energy security.

qatar crisis, qatar crisis news, qatar crisis latest news, qatar india relations, india qatar relations, qatar india lng ties, qatar doha ties, lng News

For Railways, AC 3 tier turns into hot property; more such coaches, Humsafar Express trains on cards

Given that the air-conditioned 3-tier class is the only profitable category for the Indian Railways and the recently launched Humsafar Express — which only has AC 3-tier coaches — has been a successful experiment, the nat

ac coaches in humsafar express, humsafar express, indian railways, ac 3 tier coaches in humsafar express News

ONGC Videsh to shun burning of gas at Russia facility, eyes value-added production

In a bid to salvage the loss-making fields acquired from Imperial Energy in Russia's Tomsk region, ONGC Videsh (OVL) is planning to create a facility at the site which will enable it to use the associated gas produced from th

ONGC Videsh, OVL, Imperial Energy, ongc videsh russia facility News

Integrated public sector oil company: Oil Ministry prefers making HPCL an arm of ONGC

An HPCL executive said in order to keep its name and brand intact, the alignment process has to be through the subsidiary route.

Integrated public sector, Integrated public sector oil company, Oil Ministry, HPCL, ONGC, ONGC and HPCL intact, Exxon Mobil, BP, Dharmendra Pradhan News

PM Narendra Modi’s free LPG scheme PMUY achieves goal, PDS kerosene sales dip 20%

The Narendra Modi government’s free LPG scheme for below poverty line (BPL) women seems to have achieved its objective of addressing health hazards posed to millions by polluting cooking fuels.

Narendra Modi, PM Modi, Narendra Modi's free LPG scheme, PMUY, PDS kerosene sales, BPL, LPG connections, World Health Organization News

Railway Minister Suresh Prabhu: Finances under stress, safety cess on passenger fare a possibility

In the past three years since the NDA government took charge, the ministry of railways has committed and initiated various projects to enhance passenger amenities and augment freight.

suresh Prabhu, Indian Railways, Indian railways investment, Maharashtra, Devendra Fadnavis News

Indian Railways station redevelopment arm gets big boost, Malaysia CIDB says interested in, 20-plus stations upgrade

Interestingly, CIDB already has an MoU with India’s Ircon International to develop railway infrastructure in India.

Economy News

Even J&K FM wants petro oil lubricants under GST

With reports of the petroleum sector taking a Rs 25,000- crore hit due to not being able to get input tax credits under GST, revenue secretary Hasmukh Adhia said that a committee has been set up to examine the matter.

Economy News

Railways tries something new, to hold global design competition for station upgrade ideas

To pool in fresh design ideas for redevelopment of stations, Indian Railway Stations Development Corporation (IRSDC) plans to organise a global design competition.

Industry News
Switch to Hindi Edition