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NEW DELHI: The customary annual review of foreign trade policy (FTP), which is slated for next month, is expected to be a non-event this time around. The fiscally-stressed government is unlikely to unveil any fresh sops for exporters and would be content with certain easing of procedures, sources said....
NEW DELHI: Despite the poor response to last fiscal’s ONGC auction, the government is planning to use this route for divesting its stake in three other PSUs — OilIndia, Nalco and SAIL. Speaking to FE, Mohd Haleem Khan, disinvestment secretary said, “the auction process saves time and cost since...
KOLKATA/NEW DELHI: Abiding by the Presidential directive, the board of directors of government-owned Coal India Ltd (CIL) has decided to send draft fuel supply agreements (FSAs) to power companies before April 20, though with a negligible penalty clause if it is unable after three years to meet an 80...
NEW DELHI: The telecom regulator on Monday recommended that government allow all communication services under one licence with an entry fee of 15 crore compared to 1,658 crore at present. But these pan-India mobile permits will not come bundled with spectrum or airwaves, and companies that obtain them must...
-Announced on the 17th April 2012 by Dr. D. Subbarao, Governor, Reserve Bank ofIndia Introduction This Annual Policy for 2012-13 is set in a challenging macroeconomic environment. At the global level, concerns about a crisis have abated somewhat since the Third Quarter Review (TQR) in January 2012. TheUSeconomy continues...
By Narendra Sharma NEW DELHI: A million coalmine workers extract coal even from the depths of coalmines day-after-day to ensure that the country is able to meet its energy needs. Coal happens to be the main source of energy for India’s industrial economy. Like all other working people, coalminers,...
MUMBAI(Reuters) – Indian shares provisionally ended up on Monday after headline inflation eased marginally in March leading to gains in rate- sensitive stocks like banks and automobiles. State Bank of India rose 2.77 percent and Tata Motors ended 4.22 percent higher. The Reserve Bank of India will release its...
MUMBAI: Prize Petroleum Company Ltd (PPCL), the exploration and production (E&P) arm of Hindustan Petroleum Corporation Ltd (HPCL) and which merged with the latter last year, has begun the transfer of assets and is to soon have a business plan in place. Last year, the company was merged with...
NEW DELHI: The Union Cabinet will soon take a call on the vexed issue of whether to go for international arbitration at a London tribunal against Oman, which raised natural gas price from 77 cents to $3 per unit, leading to a sharp rise in the price of fertiliser...
Upstream regulator DGH has asked the Oil Ministry to take a call on allowing RIL and its partner BP plc to invest in pre-development activities in 16 gas discoveries in KG-D6 block, most of which have not yet been proved to be commercially viable at current prices. Reliance Industries...
NEW DELHI: Former chief economist of the IMF Raghuram Rajan has said the political parties need to bury the hatchet for paving the way for deregulating diesel prices to rein in runaway fiscal deficit and boost the confidence of overseas investors who are a necessity for India. “The time...
NEW DELHI: The Fertiliser Ministry’s thrust on ramping up urea capacity is likely to widen the demand-supply gap for natural gas in the domestic market. This is because future capacity addition will be mostly gas-based. The proposed urea investment policy envisages the creation of 10 million tonnes of capacity...
NEW DELHI: Produce more is what ONGC is often told. But, how does the public sector giant increase its output when its finances are being squeezed because of Government policies, subsidies and now increased cess. The public sector oil major is seeking a remunerative crude oil price that will...
After three rounds of price hike, state-owned oil companies today announced a reduction in jet fuel prices by a marginal Rs 170 per kilolitre (kl). The price of aviation turbine fuel (ATF), or jet fuel, in Delhi was reduced by Rs 169.3 per kl, or 0.25 per cent, to...
SINGAPORE: Oil prices slid in Asian trade today after nuclear talks over the weekend between major crude produce Iran and world powers eased concerns over West Asia supply, analysts said. New York’s main contract, West Texas Intermediate crude for delivery in May, was down 61 cents to $102.22 per...
NEW DELHI: In a development that makes a mockery of the government’s proclaimed transparency drive, the power ministry has asked the coal ministry not to make public the list of power projects that would get coal linkage under the new mandatory fuel supply agreements with Coal India. This results...
KOLKATA: Amid the controversy over Coal India Ltd’s (CIL) signing of fuel supply agreements (FSAs) with power companies, the Union power ministry has demanded quick action on a regulator for the coal sector, to decide on allotment and pricing issues, including whether to go ahead with the gross calorific...
NEW DELHI: Bhutan is likely to cut power export to India in coming years even as it plans to import electricity during winter.Bhutan is expected to slash power export to India as the neighbouring country’s own electricity consumption rises fast due to industrialisation. This move may force India to...