The Election Commission asked the government to defer announcement of the new price till completion of the polls and so RIL was asked to continue selling the gas at old rates.
Oil Minister M Veerappa Moily approved continuation of the existing rate of $4.2 per million British thermal units until the new government, which will be in place in May, decides on implementation of the new price formula.
A good agricultural harvest and a timely arrival of monsoon, besides a slew of government schemes, have also come as a bounty.
Chief Economic Advisor Arvind Subramanian's interview.
Bajaj Auto was the top gainer in the Sensex pack, surging 3.95 per cent followed by Maruti Suzuki at 2.69 per cent.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
India became more dependent on Iraqi oil recently after it cut supplies from the sanctions-hit Iran.
India Inc very keen to do business in Gujarat.
The move is likely to force the government to take a faster decision.
'Respect nature, working with (it) rather than against it.'
The finance ministry on Tuesday cited "green shoots" of recovery in agriculture, manufacturing and services sectors, and said the prompt policy measures taken by the government and RBI have helped reinvigorate the economy with minimal damage. Stating that the agricultural sector remains the foundation of the Indian economy, the ministry said that a normal monsoon, as has been forecast, should support the rebooting of economy.
An insatiable quest for personal propaganda, event management and attractive slogans has made Modi sovernment as 'catch headline government'
From defending the shock announcement of demonetisation to spearheading the remonetisation drive that included the cumbersome process of printing and supplying new Rs 500 and Rs 2,000 notes, his calm composure brought a sense of serenity to an otherwise chaotic situation.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Massive crowds thronged liquor stores, more vehicles plied on roads and cab-hailing platforms resumed services as India entered the third phase of the lockdown on Monday with further easing of curbs except in containment zones in the shadow of the highest rate of recovery yet from coronavirus.
Road projects alone worth $10 billion face delays over land disputes and other clearances.
Auto stocks led the rally with Tata Motors, Hero MotoCorp and Maruti Suzuki leading the gains.
'Poor home work, and a subsequent loss of nerve.' 'This sums up the Modi government's current travails, the stall in key sectors, fading momentum, irritability,' points out Shekhar Gupta.
Nepali labourers are not only the backbone of the state's apple economy but also part of the highly grounded manpower in the orchards, setting an example for other states struggling with the migrant labour question, reports Ashwani Sharma.
Prime Minister Narendra Modi involves junior ministers in the decision-making process and holds a meeting of the Council of Ministers every last Saturday of the month, but there is a group of ministers that he reaches out to more often.
Watal a 1978-batch Andhra Pradesh cadre IAS officer.
She also suggested exploring the possibility of setting up de-addiction centres near these railway stations.
Monsoon rains are expected on time this year, hitting Kerala on June 1.
'You can't take money from Shaktikanta Das (the RBI governor) and give it to Nirmala Sitharaman (the Union finance minister). She will blow it away on Modi.'
Will the rupee keep falling in value against the US dollar? What will be its impact?
He has also said that the overall mood of the Indian consumer remains subdued
'This pandemic has given him a new platform to perform,' says a member of the government. 'He should feel lucky that he has got an opportunity now to demonstrate to the world his original talent.' 'He needs a visionary script to perform.' Sheela Bhatt reports on the politics of the pandemic.
The middle income group has been impacted by inflation particularly in context of falling The rupee and its cascading effects on price rise of items like petroleum products and edible oil, according to a survey by apex chamber Assocham.
Markets have gone into a tailspin, the Modi govt must revive investment sentiment.
In 2015, the Reserve Bank of India cut interest rates by 125 basis points to 6.75 per cent.
Improved performance of manufacturing, services and trade sectors helped boost GDP
The Delhi metropolitan area has one of the highest concentrations of population in the world, and suffocating the people of the area on an annual basis should be treated as a crime against humanity, especially when the cause for such suffocation can be controlled, says Arvind Kumar.
Many people like words like wealth creation, equity, SIP, etc. It does not mean they understand the whole process is not so difficult. Neither is it so easy. Here are some mistakes people make with their investments
The Sensex was up 70 points and the Nifty was up 20 points led by SBI on robust Q2 earnings.
The GDP slumped to a three-year low lagging China for the second straight quarter -- as manufacturing slowed ahead of the GST launch amid demonetisation effect.
What stocks will gain from a normal monsoon?
India's rank inched up by just one position to 130 in last year's Doing Business Survey by the World Bank.
'The Cauvery is not dependable as Karnataka will never consider our needs.'
The prime minister sought to allay slowdown concerns saying the fundamentals of the economy are strong, with low inflation and a potential to boost exports.
