Economic Sector

New Delhi: In a move to boost mobile wallet transactions amid the ban on high value cash, the Reserve Bank of India (RBI) on Tuesday increased the per month limit for closed prepaid wallets to Rs.20,000 from Rs.10,000.  “The limit of semi-closed Prepaid Payment Instrument (PPI) has now been enhanced from...

New Delhi: The Reserve Bank of India on Monday announced that farmers will now be allowed to purchase seeds with the old denomination notes of Rs 500 from State or Central government centres and outlets, PSUs, National or State Seeds Corporations, Central or State Agricultural Universities and the ICAR, on...

NEW DELH: Union Finance Minister Arun Jaitley said that one of the major priorities of the present Government is to ensure that benefits of Social Security Schemes reach to every section of workers including those working in the un-organized sector. He said that the Government is sensitive about the workers’...

New Delhi: Economic Affairs Shaktikanta Das informed the media on Monday that Government has directed banks to use indelible ink, used during elections, for over the counter exchange against old Rs.500/- and Rs.1000/- notes. Prime Minister Narendra Modi reviewed the position with regard to supply and availability of currency notes for...

New Delhi: The Commerce and Industries Minister, Nirmala Sitharaman and Wang Shouwen, Vice Minister for Ministry of Finance and Commerce, China exchanged notes on trade and commerce and agreed that the mounting bilateral trade deficit has been a cause for concern for India which seeks greater market access for its...

New Delhi: The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi has approved viability gap funding / partial capital grant of Rs. 5,176 crore to GAIL for development of 2539 km long Jagdishpur-Haidia and Bokaro-Dhamra Gas Pipeline (JHBDPL) project. JHBDPL project will connect Eastern part of...

New Delhi: The Union Cabinet has approved merger of general and railway budgets and decided to do away with differentiating plan and non-plan expenditure.  The cabinet has also approved advancing the date for presenting the Union Budget by a month, paving way for one of the major overhauls in the...

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 47.46 per barrel (bbl) on 13.06.2016. This was lower than the price of US$ 48.41 per bbl on previous publishing day of...

New Delhi, 9 May 16. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 42.46 per barrel (bbl) on 06.05.2016. This was lower than the price of US$ 43.04 per bbl...

New Delhi, 25 April 16. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 41.94 per barrel (bbl) on 22.04.2016. This was lower than the price of US$ 42.35 per bbl...

New Delhi, 12 April 2016, The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 38.95 per barrel (bbl) on 11.04.2016. This was higher than the price of US$ 37.91 per bbl...

New Delhi, 7 April 2016. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 35.73 per barrel (bbl) on 06.04.2016. This was higher than the price of US$ 34.65 per bbl...

New Delhi 21 March 2016. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 38.57 per barrel (bbl) on 18.03.2016. This was higher than the price of US$ 38.05 per bbl...

New Delhi, 18 March 2016. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 38.05 per barrel (bbl) on 17.03.2016. This was higher than the price of US$ 36.10 per bbl...

New Delhi, 14 March 2016. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 37.33 per barrel (bbl) on 11.03.2016. This was higher than the price of US$ 37.01 per bbl...

New Delhi, 11 March 2016. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 37.01 per barrel (bbl) on 10.03.2016. This was higher than the price of US$ 36.80 per bbl...

New Delhi, 8 March 2016. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 36.17 per barrel (bbl) on 07.03.2016. This was higher than the price of US$ 34.13 per bbl...

New Delhi,29 Feb 2016. Allocation for setting up One Stop Centres for women stepped up substantially to Rs 75 cr,  The Economic Survey for 2016-17 states that investment in maternal and child nutrition is a must for the country to capitalize on the ‘demographic dividend’. Taking this forward, the Budget for...

New Delhi, 22 Fab, 2016. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 31.07 per barrel (bbl) on 19.02.2016. This was lower than the price of US$ 31.86 per bbl...

New Delhi, 19 Feb 2016. BSE Sensex and NSE Nifty plunged nearly 10 per cent since the beginning of the ongoing financial year till February 18. Global factors such as the slowdown in the Chinese economy, currency devaluations and fall in crude oil prices have dampened market sentiments in 2016. According...

New Delhi, 18 Feb 2016. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 29.89 per barrel (bbl) on 17.02.2016. This was lower than the price of US$ 31.48 per bbl...

New Delhi, 17 Feb 2016. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 31.48 per barrel (bbl) on 16.02.2016. This was higher than the price of US$ 30.38 per bbl...

New Delhi, 16 Feb 2016. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 30.38 per barrel (bbl) on 15.02.2016. This was higher than the price of US$ 28.34 per bbl...

New Delhi, 12 Feb 2016. “Ganga Sanskriti Yatra” showcasing & discovering culture heritage of Ganga will begin at Gangotri on 14 February, 2016 at 6:56 am (at the time of sunrise). The Yatra will be inaugurated at Gangotri by Shri K.K. Mittal, Additional Secretary, Ministry of Culture, Government of India....

New Delhi, 11 Feb 2016. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 27.72 per barrel (bbl) on 10.02.2016. The price was US$ 31.06 per bbl on previous publishing day...

New Delhi, 27 Jan 2016. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 26.63 per barrel (bbl) on 26.01.2016. This was lower than the price of US$ 26.87 per bbl...

New Delhi, 22 Jan 2016. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 24.47 per barrel (bbl) on 21.01.2016. This was higher than the price of US$ 24.03 per bbl...

New Delhi, 21 Jan 2016. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 24.03 per barrel (bbl) on 20.01.2016. This was lower than the price of US$ 25.31 per bbl...

New Delhi, 20 Jan 2016. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 25.31 per barrel (bbl) on 19.01.2016. This was higher than the price of US$ 24.96 per bbl...

New Delhi, 18 Jan 2016. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 26.40 per barrel (bbl) on 15.01.2016. This was lower than the price of US$ 26.43 per bbl...

New Delhi, 14 Jan 2016. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 27.32 per barrel (bbl) on 13.01.2016. This was lower than the price of US$ 27.33 per bbl...

GGNews Bureau, 8 Jan 2016. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 29.24 per barrel (bbl) on 07.01.2016. This was lower than the price of US$ 31.33 per bbl...

New Delhi, 6 Jan 2016.The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 32.51 per barrel (bbl) on 05.01.2016. This was lower than the price of US$ 33.54 per bbl on...

New Delhi, 5 Jan 2016. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 33.54 per barrel (bbl) on 04.01.2016. In rupee terms, the price of Indian Basket increased to Rs 2229.47...

New Delhi, 4 Jan 2016. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 32.90 per barrel (bbl) on 01.01.2016. In rupee terms, the price of Indian Basket decreased to Rs 2177.22...

New Delhi, 31 Dec 2015. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 33.36 per barrel (bbl) on 30.12.2015. This was higher than the price of US$ 33.35 per bbl...

Chennai, 29 Dec 2015. Tamil Nadu faced nature's fury in 2015 with unprecedented rains and floods pounding several parts of Chennai and its suburbs, leaving over 340 people dead and prompting the Centre to declare it a "calamity of severe nature".  The year also saw the triumphant return of AIADMK supremo...

New Delhi, 28 Dec 2015. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 34.01 per barrel (bbl) on 24.12.2015. This was higher than the price of US$ 33.03 per bbl...

New Delhi, 23 Dec 2015. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 33.00 per barrel (bbl) on 22.12.2015. This was higher than the price of US$ 32.61 per bbl...

New Delhi, 22 Dec 2015. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 32.61 per barrel (bbl) on 21.12.2015. This was lower than the price of US$ 33.62 per bbl...

New Delhi, 21 Dec 2015. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 33.62 per barrel (bbl) on 18.12.2015. This was higher than the price of US$ 33.33 per bbl...

GG News Bureau, 18 Dec 2015. Government is promoting organic farming through various schemes/ programmes under National Mission for Sustainable Agriculture (NMSA)/ Paramparagat Krishi Vikas Yojana, Rashtriya Krishi Vikas Yojana (PKVY) of NMSA, Mission for Integrated Development of Horticulture (MIDH), National Mission on Oilseeds & Oil Palm (NMOOP) Network Project...

GG News Bureau, 18 Dec 2015.The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 33.33 per barrel (bbl) on 17.12.2015. This was lower than the price of US$ 34.20 per bbl...

New Delhi, 16 Dec 2015. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 34.25 per barrel (bbl) on 15.12.2015. This was lower than the price of US$ 34.39 per bbl...

New Delhi, 15 Dec 2015:  Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f. midnight of 15th / 16th December, 2015   •  Decrease in Retail Selling Price of Petrol by Rs. 0.50 /litre at Delhi (including State levies) with corresponding price revision in other States. With this change, the...

New Delhi, 9 Dec. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 37.34 per barrel (bbl) on 08.12.2015. This was lower than the price of US$ 38.61 per bbl on...

New Delhi, 9 Dec. Union Agriculture & Farmers Welfare Minister, Shri Radha Mohan Singh has said that While increased productivity is an essential component of a vibrant Agricultural sector, improved post harvest handling and processing is essential to ensure value addition, reduction in wastage and transporting good quality products to...

New Delhi, 30 Nov. Indian Oil Corporation Ltd. has decided to effect the following price changes w.e.f. midnight of 30th November / 1st December, 2015 • Decrease in Retail Selling Price of Petrol by Rs. 0.58 /litre at Delhi (including State levies) with corresponding price revision in other States. With this...

New Delhi, 23 Nov. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 40.35 per barrel (bbl) on 20.11.2015. This was lower than the price of US$ 40.57 per bbl on...

New Delhi, 18 Nov. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 40.27 per barrel (bbl) on 17.11.2015. This was higher than the price of US$ 39.89 per bbl on...

New Delhi, 16 Nov. Union Minister of Agriculture and Farmers Welfare, Shri Radha Mohan Singh laid the Foundation Stone of Acharya N.G.Ranga Agricultural University in Andhra Pradesh today. Shri Singh on the occasion said that “there are still large productivity gaps in the potential and the realized farm output and...

New Delhi, 13 November 2015, The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 42.41 per barrel (bbl) on 12.11.2015. This was lower than the price of US$ 43.78 per bbl...

New Delhi, November 3, 2015: GAIL (India) Limited registered a turnover (net of Excise Duty) of Rs 14,088 Crore in the second quarter of Financial Year 2015-16, as against Rs 14,063 crore in the corresponding period of previous year. The Gross Margin stood at Rs 1,146 crore in the second...

26 Oct 2015: The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 45.02 per barrel (bbl) on 23.10.2015. This was higher than the price of US$ 44.90 per bbl on previous...

April 24, 2013 New Delhi: The Union Finance Minister of India Shri P.Chidambaram said that there is a need to take immediate action by the non life insurance sector to increase penetration and coverage of the non life insurance in the country. He said that India is one of the most...

April 15, 2013 Brussels: The Union Minister for Commerce, Industry and Textile Minister Shri Anand Sharma led a high level Indian delegation to Brussels which included Commerce Secretary and the Chief Negotiator for a Ministerial dialogue on the ongoing India-European Union Broad-based Trade and Investment Agreement (BTIA) negotiations on 15th April,...

April 04, 2013 New Delhi: In a major reform, the government today partially decontrolled the Rs 80,000-crore sugar sector by giving freedom to millers to sell in the open market and removed their obligation to supply the sweetener at subsidised rates to ration shops. Food Minister K V Thomas maintained that...

 March 28, 2013 New Delhi: All Offices under the Central Board of Excise and Customs (CBEC) shall be open on 29th, 30th & 31st March, 2013 observing their normal office hours, as a part of trade facilitation measure. Reserve Bank of India (RBI) has also decided that all designated branches of...

March 15, 2013 New Delhi: After declining for four consecutive months, inflation rose marginally to 6.84 per cent in February as food items such as rice, wheat, onions and fruits became costlier. Inflation based on the Wholesale Price Index (WPI) had stood at 6.62 per cent in January. In February, 2012,...

March 15, 2013 New Delhi: The efforts of the Income Tax (IT) Department had started bearing fruit and nearly 10,000 assesses had lined up to file their returns in recent weeks, Finance Minister P. Chidambaram said on Thursday even as notice “in polite language” was issued to 35,000 defaulters. Mr. Chidambaram...

March 14, 2013 Mumbai: The Union Minister for Commerce, Industry & Textiles Shri Anand Sharma has invited Czech investment in the proposed National Investment & Manufacturing Zones in India. Speaking at the inauguration of India Engineering Sourcing Show, in Mumbai today, in the presence of Martin Kuba, Minister for Trade &...

May 21, 2012 New Delhi: Shashi Kant Sharma was appointed as the new Comptroller and Auditor General (CAG) on Tuesday replacing outgoing Vinod Rai. Sharma previously held the post of Defence Secretary. Sharma, an IAS officer from 1976 batch of Bihar cadre, has earlier assumed various important offices during his tenure...

April 23, 2012 New Delhi: The Union Minister for Commerce, Industry and Textiles, Shri Anand Sharma launched 21 New Textile Parks approved under Scheme for Integrated Textile Parks (SITP) here today. These new parks take the total number to 61 parks as 40 Parks were sanctioned earlier. The Scheme for Integrated...

April 23, 2012 Srinagar: Sudipta Sen, managing director of the Saradha Group and alleged kingpin of Bengal's rapidly unfolding chit fund scam, was detained at a hotel in the tourist town of Sonmarg on the Srinagar-Leh highway on Tuesday morning. Two other individuals — a man identified as Arvind Singh, and...

Dec 30, 2011 New Delhi: Weighed down by a weak rupee, the Reserve Bank chose to keep all key interest rates unchanged and asked the government to take urgent steps to reign in the high current account deficit. Lowering the GDP growth projection for the current fiscal to 5.5 percent from...