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45 seconds ago
Modi vs Kejriwal vs Sonia on last Sunday before Delhi polls

New Delhi, Feb 1 (IANS) Prime Minister Narendra Modi, Congress chief Sonia Gandhi and AAP leader Arvind Kejriwal Sunday made determined bids to woo the people of Delhi for Feb 7 assembly polls, launching sharp attacks on their rivals while seeking to convey their commitment to politics of development. Raising the pitch on last Sunday before voting, Modi, Kejriwal and Gandhi addressed ral...

55 minutes ago
Jet fuel prices cut steeply again

New Delhi, Feb 1 (IANS) In a relief to airlines struggling with operational costs, state-run oil marketers Sunday cut prices of aviation turbine fuel (ATF), or jet fuel, by a steep 11.3 percent. The price of ATF in Delhi was cut by Rs.5,909.9 per kilolitre or 11.27 percent to Rs.46,513.02 per kl effective Feb 1, the Indian Oil Corp announced. Jet fuel was last cut Jan 1 by Rs.7,5...

2 days ago
Cut in passenger fares unlikely in rail budget, hints Prabhu

Bengaluru, Jan 29 (IANS) Reduction in passenger fares is unlikely in the ensuing railway budget for 2015-16 despite sharp fall in diesel price, Railway Minister Suresh Prabhu hinted Thursday. We recover only 50 percent of the passenger cost from the fares, in which there is already a huge element of subsidy, benefitting them (passengers), Prabhu told reporters on the margins of a railway...

9 days ago
India's growth potential is above 9 percent: Jaitley

Davos, Jan 22 (IANS) Asserting that India's economic growth will be significantly better next year, Finance Minister Arun Jaitley Thursday said the real economic growth potential of the country was over 9 percent. We have a roadmap to bring down fiscal deficit below three percent in a few years. Elimination of subsidies in India is not desirable. We need to rationalise the subsidies, he ...

10 days ago
Government to go ahead with kerosene subsidy reforms

Davos, Jan 22 (IANS) Finance Minister Arun Jaitley Thursday said that the government is planning to reform kerosene subsidy under its moves to control expenditure. Speaking at the World Economic Forum (WEF) Davos, Jaitley said that after petrol, diesel and partial reforms in cooking gas subsidy, the government intends to go ahead and stem misuse of subsidised kerosene. We plan to...

10 days ago
Child rights commission seeks reduction in school bus fares

Chandigarh, Jan 21 (IANS) The Punjab State Commission for Protection of Child Rights Wednesday asked the state government to ensure reduction in private school bus fares with the decrease in petrol and diesel prices. Commission chairman Sukesh Kalia said the international crude oil prices had come down following which prices of petrol and diesel had gone down. He said the benefit...

11 days ago
India to lead South Asian economic growth

Chennai/Washington, Jan 20 (IANS) India is expected to lead the South Asian economic growth that is set to reach a four-year high of 5.4 percent in 2015, up from an estimated 4.9 percent in 2014, said a United Nations (UN) report. The Indian economic growth rate is expected to be 5.9 percent in 2015 and 6.3 percent in 2016, projects the report. However the International Monetary ...

12 days ago
India expected to lead South Asian economic growth

Chennai, Jan 20 (IANS) India is expected to lead the South Asian economic growth that is set to reach a four-year high of 5.4 percent in 2015, up from an estimated 4.9 percent in 2014, said a United Nations (UN) report. The Indian economic growth rate is expected to be 5.9 percent in 2015 and 6.3 percent in 2016. South Asia's economic growth is set to reach a four-year high of 5....

23 days ago
BJP-BJD match fixed to loot Odisha people: Congress

Bhubaneswar, Jan 8 (IANS) Describing the BJP and the BJD as two sides of the same coin, Congress's in-charge of party affairs in Odisha B.K. Hariprasad Thursday said both the parties are hand in glove to loot the people of Odisha. The much-publicised Mahasangram of the BJP in Odisha turned to be a Mahasamarthan. The BJP chief, Amit Shah, who visited Odisha, kept mum on corruption and sca...

24 days ago
Falling crude puts oil, finance ministries at cross-purposes

New Delhi, Jan 7 (IANS) With global crude oil prices going below $50 a barrel on the first Tuesday of January, India's finance and petroleum ministries find themselves at cross-purposes in a way that recalls the Roman two-faced god of the month, Janus. Before the first week of the New Year ended, the Indian basket of crude oil has come down from $105 a barrel in April 2014 to $49 on J...

26 days ago
Aviation fuel cheaper than petrol in Modi regime: Congress

New Delhi, Jan 5 (IANS) The Congress Monday accused the NDA government of betraying the common man as it failed to reduce prices of petrol and diesel in proportion with the drop in international crude oil prices, while the aviation fuel was cheaper than petrol. Narendra Modi government's dharma (duty) of profiteering at the cost of aam aadmi eclipses acchhe din (good days). Refusal to re...

28 days ago
BJP targets 10 million membership in Karnataka

Bengaluru, Jan 3 (IANS) The BJP Saturday will embark on a massive drive to enrol 10 million people as its members in Karnataka over the next three months, party president Amit Shah said Saturday. As our main objective is to free Karnataka from the Congress rule, we have set a target of enlisting one crore (10 million) voters as our members by March. We have also launched an online drive ...

1 month ago
Petrol, diesel prices cut Rs.2 a litre each

New Delhi, Jan 1 (IANS) With international crude oil rates slipping below $55 a barrel, state-run oil marketers had a New Year Day gift of a cut petrol and diesel rates by Rs.2 a litre, excluding local taxes. Allowing for local levies, petrol per litre from Thursday costs Rs.61.33 in Delhi, Rs.68.86 in Mumbai, Rs.68.65 in Kolkata and Rs.63.94 in Chennai. The new per litre prices...

1 month ago
Will boost investment in infrastructure, manufacture in 2015: Jaitley

New Delhi, Dec 31 (IANS) The government will encourage public and private investment in infrastructure and manufacturing sectors, Finance Minister Arun Jaitley said Wednesday making his New Year resolution on a social networking website. Infrastructural spending has to be stepped up. Manufacturing sector has to be given a major push. This has to be done both through encouraging public ...

1 month ago
With $42 bn from FIs, Indian equities soared 30 percent

Mumbai, Dec 31 (IANS) Indian equity markets emerged as one of the the strongest performers amongst emerging economies this past year with a key index soaring almost 30 percent against 9 percent in the previous year - the gains mainly accruing due to a stable national government under Prime Minister Narendra Modi and a perception that reforms were back on track. The year also saw a record...

1 month ago
BJP protests fuel price hike in Odisha

Bhubaneswar, Dec 26 (IANS) The Bharatiya Janata Party (BJP) Friday staged demonstrations in Odisha against the hike in petrol and diesel prices in the state. Party leaders demanded immediate rollback of the hike imposed by the Odisha government, which increased value added tax (VAT) on the two petroleum products. The state government, which had earlier blamed the Centre for rai...

1 month ago
Odisha hikes VAT on petrol, diesel by 3 percent

Bhubaneswar, Dec 24 (IANS) The Odisha cabinet Wednesday announced a 3 percent increase in Value Added Tax (VAT) on petrol and diesel prices, making the fuels costlier in the state. The government increased the tax from existing 20 percent to 23 percent with immediate effect. After the increase of VAT, petrol will now be costlier by Rs.1.49 and diesel by Rs.1.33. The cabin...

1 month ago
Reforms back in India's oil economy amid crash in crude prices

Complete decontrol of diesel marketing, new pricing formula for domestic gas after five years and a plunge in global crude prices flagged a new beginning for India's oil economy in 2014 but there was little news on stake sale in state-run oil firms and fresh auctions for hydrocarbon assets. After years of selling diesel below cost and of subsidising the rich consuming this key transport ...

1 month ago
Petrol, diesel cut by Rs.2 a litre each in Delhi

New Delhi, Dec 15 (IANS) With international crude oil rates slipping towards $60 a barrel, state-run oil marketeers Monday cut petrol and diesel rates further each by Rs.2 a litre in Delhi, effective midnight. Allowing for local levies, the prices of transport fuels will decrease correspondingly in other states, Indian Oil Corp said in a statement here. The prices of petrol and ...

1 month ago
Year of two-wheelers for Indian auto industry

The growth story for the Indian automobile industry in 2014 rode on the two-wheeler segment and not on passenger cars or commercial vehicles, as high interest rates and a stuttering manufacturing industry kept a check on demand. The year also saw Competition Commission of India (CCI) levying a penalty of Rs.2,544.65 crore ($415) on 14 car makers for their restrictive trade practices by ...

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