Traditionally, Singapore and the UAE have been India's biggest sources of petrol and diesel.
The new government on June 25 decided to defer the implementation till September-end to hold wider consultations.
Infrastructure, manufacturing and telecom are understood to be among the focus sectors
Petrol and diesel prices were on Wednesday hiked by 24-25 paise per litre, the steepest increase since July 5 Union Budget, as a fallout of turmoil in global oil markets following drone attacks on Saudi Arabian crude oil facilities.
At a meeting of the business advisory committee of Lok Sabha, which has floor leaders of all parties besides the government representatives and is chaired by the Speaker, most political parties favoured curtailment of the session, which started on September 14 and was scheduled to conclude on October 1.
With foreign investment almost drying up in India's oil and gas sector, Petroleum Minister Dharmendra Pradhan has promised an overhaul to make policies predictable, transparent and fair to investors.
The party also rejigged its Central Election Committee and included former Maharashtra chief minister Devendra Fadnavis, Union Minister Bhupender Yadav, Om Mathur and its women wing chief Vanathi Srinivasan.
Sale of diesel, the most consumed fuel in the country, fell 12 per cent, while petrol sales fell 7.4 per cent year-on-year to 2.38 million tonnes although it rose 5.3 per cent from 2.26 million tonnes in July as commuters preferred driving to using public transportation.
Much before Rashtrapati Bhavan confirmed the new ministers' portfolios, we had said who will get what in Narendra Modi's Union council of ministers!
Modi is believed to have signed on Ashok's appointment file before he left for Brazil to attend BRICS Summit, an oil ministry official said in New Delhi.
Arun Jaitley and Amit Shah and other ministers will listen to PM's radio talk 'Mann ki Baat' while having tea with people across poll-bound Gujarat on Sunday.
The government was planning to come up with a new fiscal model giving 'special incentives' for fields that were given out on nomination to ONGC and Oil India, reports Shine Jacob.
The visit will provide thrust to expand bilateral cooperation
Sirsa has been a prominent face of the Akali Dal in the national capital and was a strong supporter of the farmers' protests against the three contentious farm laws. He said he will continue to work for Sikh causes.
The Union cabinet on Wednesday approved the roll-out of the 'PM POSHAN in Schools' scheme that will provide hot cooked meal to students of elementary classes in government and government-aided schools across the country.
Sitharaman, who was holding the Commerce portfolio (Independent charge), was on Sunday promoted to the Cabinet rank as was Goyal.
Several MLAs loyal to Gehlot, who was seen as the frontrunner for the post of Congress national president, had last week submitted resignation letters over a possible move to appoint Pilot as the next chief minister.
Swaraj is likely to make a detailed statement in Parliament on Tuesday about her meeting with her Iraqi counterpart.
Govt looks to take cooking gas to tiger reserves, Naxal-hit areas
The BJP announced names of 107 candidates for the Uttar Pradesh assembly polls.
PM Prime Minister Narendra Modi has announced that all people will be provided free of cost vaccines.
The new Council of Ministers has representation from almost all the states, except Andhra Pradesh and the north-eastern states of Nagaland, Manipur, Mizoram, Sikkim and Tripura.
Monday, November 8, 2021, Lal Kishenchand Advani -- the politician who took the Bharatiya Janata Party from its parliamentary nadir in 1984, when it won just two Lok Sabha seats, to establishing the edifice for its present dominance in Indian politics -- will turn 94.
He will lay foundation stone for the 'Urja Ganga' project, aimed at providing piped natural gas to all the households in the city.
The government has decided to observe January 23 as 'Parakram Diwas' to commemorate the birth anniversary of Netaji Subhas Chandra Bose, Union minister Prahlad Singh Patel said on Tuesday.
For the first time, Subramanian said, "the Economic Survey has embraced Big Data, and we mine this data to shed new light on the flow of goods and people within India."
The government has asked the rich to give up subsidies on LPG to make them available to people who deserve it.
'While Piyush Goel, Dharmendra Pradhan, Rajyavardhan Singh Rathore and a clutch of former bureaucrats including R K Singh, Hardeep Singh Puri and K J Alphons are loyal BJP members, none of them fit the mould of party apparatchiks.' 'In fact, many of the latter kind have been shown the door or have been given reduced charges.' 'That goes to show the prime minister's comfort level in dealing with professionals and administrators and the trust he reposes in them,' says Shreekant Sambrani.
After Rajasthan, petrol price on Thursday crossed the Rs 100 per litre mark in Madhya Pradesh after fuel rates were increased for the tenth day in a row. Petrol price was hiked by 34 paise per litre and diesel by 32 paise, according to a price notification of state-owned fuel retailers. While branded or additive-laced petrol, which attracts higher taxes, had crossed the Rs 100-mark in some places in states like Maharashtra, Madhya Pradesh and Rajasthan, regular petrol crossed the physiological mark in Sriganganagar town of Rajasthan on Wednesday, and on Thursday it went past that mark in Madhya Pradesh. In Anuppur of Madhya Pradesh, petrol is priced at Rs 100.25 per litre and diesel at Rs 90.35. Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges.
Petroleum Minister Dharmendra Pradhan on Tuesday put state-owned ONGC and OIL on notice saying oil and gas reserves they hold need to be monetised through joint ventures with domain experts or the government will take them away and auction them. Speaking at BNEF Summit, he said state-owned firms cannot indefinitely sit on resources when the nation is a net importer of oil and gas. Despite India bidding out acreages to private and other companies since the 1990s, Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) hold a "sizeable number of acreage for years," he said.
Indian refiners will buy less oil from Saudi Arabia next month as they snap up supplies outside of the Middle East as part of diversification drive amid weakening domestic fuel demand on the resurgence of COVID-19. State-owned Indian Oil Corporation (IOC) and three other refiners have sought just 65 per cent of the monthly average of about 15 million barrels from Saudi Arabia in May, three sources with knowledge of the matter said. The move follows tensions between India and Saudi Arabia over the Kingdom's hawkish stance on boosting production to cool prices.
These 7 blocks are adding exploration acreage of 18,510 square kilometres spread over three sedimentary basins of India and have a resource potential of approximately 33 billion barrels of oil and oil equivalent gas.
Rajasthan Chief Minister Ashok Gehlot called Sachin Pilot a gaddar (traitor) on Thursday and said he cannot replace him as he had revolted against the Congress in 2020 and tried to topple his own government.
The BJP hopes to highlight the "insulting" Congress meme on social media that had described the PM as a 'chaiwala', reports Archis Mohan.
Small Factories Act, Industrial Relations Code likely to be redrafted under pressure from Bharatiya Mazdoor Sangh
The train collided with a goods train amid dense fog. A high-level probe has been ordered into the incident. Passengers with major injuries have been sent to Cuttack Medical College Hospital. All passengers are stated to be out of danger.
5 commodities namely crude oil, natural gas, petrol, diesel, and aviation turbine fuel (ATF) were kept out of GST's purview given the revenue dependence of state governments on these sectors.
India on Wednesday announced auction of 46 small discovered oil and gas fields, holding about Rs 70,000 crore worth of hydrocarbon reserves.
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