Good Food is First Food. It is not junk food. It is the food that connects nature and nutrition with livelihoods. This food is good for our health; it comes from the rich biodiversity of our regions; it provides employment to people. Most importantly, cooking and eating give us pleasure. …
Ministry of Petroleum and Natural Gas has recently reaffirmed the authorised status of IGL to serve not only the city of Delhi but also its suburbs in NCR. Going ahead with its expansion plan to meet the public demand, the IGL will cover the areas namely Noida, Gurgaon and Faridabad. …
Decision Likely Next Week After CWC Meet The Congress's core ministerial panel on Friday gave its green signal to raising motor fuel prices but the quantum of increase emerged as a hitch. A decision is now expected only next week, after two high-profile political meetings
AMITAV RANJAN Hike, Cuts & Bonds But Govt will push for Rs 3 & Rs 2 per litre for petrol and diesel, Rs 50 for LPG as it anticipates ally pressure. The government has, in principle, decided to increase prices of petrol by Rs 2 per litre, diesel by Re …
Chief Minister Tarun Gogoi has called upon the Prime Minister Dr Manmohan Singh and Petroleum Minister Murali Deora to formulate a special compensation package for the Numaligarh Refinery Limited (NRL) to enable the refinery to tide over the crisis faced by it. In a letter to the Prime Minister, the …
A "mixed bailout package,' comprising a "moderate hike' in the prices of diesel and petrol and a re-adjustment in the customs duty on crude oil and the excise duty on the two fuels, was understood to have been "finalised' at a meeting between Prime Minister Manmohan Singh and United Progressive …
Sanjay Jog The petroleum ministry has made a strong pitch for developing India as a refining hub. The sub-group on refining for formulation of the 11th Plan has assessed the supply-demand positions of petroleum products in the country up to 2011-12, along with prospects of product exports and projected a …
Bonds & Raising Prices Too On Agenda GLOBAL oil prices have been northward-bound for a while now. Even as countries debate over price hikes, increased subsidies and demand management, India is still trying to find the right strategy to deal with the oil crisis. While sharp increases in retail prices …
RBI eases lending norms to oil companies. The government looked set to raise petrol and diesel prices by Rs 3-4 a litre and Rs 2 a litre respectively this weekend to curtail losses of state-owned oil firms even as the Reserve Bank of India extended them a helping hand by …
THE fuel price imbroglio continued on Thursday even as crude oil prices held firm at around $130 a barrel. Prime Minister Manmohan Singh has now stepped in to take a final call on the price hike after the finance and petroleum ministries failed to reach a consensus on both the …
The finance ministry's proposal to seek compensation by way of cess on income and corporate taxes for any duty reduction on crude oil and motor fuels has put the ball squarely in the court of UPA chairperson Sonia Gandhi and PM Manmohan Singh. With finance minister P Chidambaram's meeting with …
A cess or surcharge on income tax and corporate tax may be levied to bail out oil firms reeling under high global prices as the Petroleum Ministry's proposal to raise petrol price by Rs. 10 a litre, diesel by Rs. 5 a litre and that of LPG by Rs. 50 …
Deora meets Dr. Singh, seeks sharp hike to bail out OMCs Under-recoveries of OMCs could touch Rs. 200,000 crore this fiscal, Prime Minister told Stand-off between Petroleum, Finance Ministries figure in Manmohan-Deora meeting NEW DELHI: A crucial meeting of the Empowered Group of Ministers (EGoM) on petroleum has been convened …
Govt Tries Balancing Act To Protect Consumers And Burdened Oil Companies Rajeev Jayaswal NEW DELHI THE government is working on a dual strategy of fuel price hikes coupled with duty cuts to shield consumers and cash-strapped oil companies. The finance ministry has asked the petroleum ministry to chalk out various …
The same old "package' of reduction in taxes and duties, issuance of oil bonds and higher subsidy sharing by the upstream oil companies will not work this time around. Only increasing the retail prices of petroleum products will. Will the Government go the extra mile? Raghuvir Srinivasan Advertisement The Government's …
TIMES NEWS NETWORK New Delhi: The oil ministry has removed the clouds of uncertainty over continuation of Indraprastha Gas Ltd as the city's sole supplier of CNG (compressed natural gas) for automotive and kitchen uses. The ministry has spiked the sectoral regulator's decision de-recognising IGL's projects in the Capital, saying …
Petrol and diesel prices have marginally increased from Friday midnight consequent to a corresponding hike in the commission for petroleum dealers by the Union Ministry of Petroleum and Natural Gas. Revision In the city, the increase of three paise on petrol, taking the retail price of a litre of the …
Faced with surging crude oil prices in the international markets and massive under-recoveries being incurred by the oil marketing companies (OMCs), the government has decided to compensate them by issuing oil bonds to the extent of 50 per cent against incurring under-recoveries during 2007-08 on sale of petrol, diesel, kerosene …
Why blame the petroleum minister for not hiking oil prices when no one else is arguing for market prices? Poor Ram Naik and Mani Shankar Aiyar! They got all the blame for messing up with oil prices and halting the reforms that had been initiated with the proposed dismantling of …
The All Assam Students' Union (AASU) today despatched a memorandum to the Union Minister of Petroleum and the chairman, Indian Oil Corporation urging them to take urgent action to retain the identity of Assam Oil Division, Digboi Refinery of the Indian Oil Corporation Limited, keeping in view the interest of …
The United Progressive Alliance government has done well to join the Turkmenistan-Afghanistan-Pakistan-India pipeline sponsored by the Asian Development Bank. But it should guard against the temptation of viewing the project as a substitute for the proposed Iran-Pakistan-India (IPI) pipeline. Given high global oil prices and its growing energy needs, India …
