News for 'Oil Ministry'

Air India Delhi-Mumbai flight suffers mid-air engine shutdown

Air India Delhi-Mumbai flight suffers mid-air engine shutdown

Rediff.com22 Dec 2025

An Air India Express flight bound for Visakhapatnam was cancelled at Gannavaram Airport due to a technical issue detected before takeoff. Passengers included prominent figures like former Vice President M Venkaiah Naidu.

'Only way to stop US...': Russian MP issues nuclear threat

'Only way to stop US...': Russian MP issues nuclear threat

Rediff.com8 Jan 2026

Following the seizure, Moscow issued a strong condemnation asserting that no country has the right to use force against vessels lawfully registered under another state's jurisdiction, particularly on the high seas.

India, Oman trade pact: Agri items, gold, silver, footwear excluded

India, Oman trade pact: Agri items, gold, silver, footwear excluded

Rediff.com18 Dec 2025

India has protected the interest of domestic farmers and MSMEs by not extending any duty concessions on products across several sectors, including agricultural items such as dairy, as well as chocolates, gold, silver, jewellery, footwear, and sports goods, under the trade pact with Oman.

Trump raises global tariff from 10% to 15% day after SC ruling

Trump raises global tariff from 10% to 15% day after SC ruling

Rediff.com21 Feb 2026

Following a Supreme Court setback, Donald Trump has announced an increase in global tariffs from 10% to 15%, impacting international trade relations and raising concerns about economic repercussions.

India clarifies stance on proposed interim trade pact with US

India clarifies stance on proposed interim trade pact with US

Rediff.com13 Feb 2026

India has clarified its position on the proposed interim trade agreement with the US, stating that the joint statement remains the basis for mutual understanding. Amendments to a White House fact sheet reflect shared understandings, with both sides working towards finalizing the agreement.

India's Russian oil import rebounds in Oct after dip in Q2

India's Russian oil import rebounds in Oct after dip in Q2

Rediff.com17 Oct 2025

India's crude oil imports from Russia strengthened in the first half of October, reversing a three-month slide in arrivals seen during July-September as refineries were back on full stream to meet festive demand, according to ship tracking data.

India, US to sign interim trade deal in March: Goyal

India, US to sign interim trade deal in March: Goyal

Rediff.com20 Feb 2026

Commerce and Industry Minister Piyush Goyal announced that an interim trade agreement between India and the US is likely to be signed in March and operationalised in April, with chief negotiators meeting in Washington to finalize the details.

Russia, China condemn US action in Venezuela

Russia, China condemn US action in Venezuela

Rediff.com3 Jan 2026

Russia and China on Saturday condemned the United States airstrikes on Venezuela and the capture of its president, Nicolas Maduro and his wife.

India advises nationals to avoid travel to Venezuela

India advises nationals to avoid travel to Venezuela

Rediff.com3 Jan 2026

India has advised its nationals to avoid all non-essential travel to Venezuela following the capture of President Nicols Maduro by the US. The Ministry of External Affairs has also asked Indians in Venezuela to exercise extreme caution and restrict their movements.

Warning labels for samosas, jalebis, laddos? Health Ministry clarifies

Warning labels for samosas, jalebis, laddos? Health Ministry clarifies

Rediff.com15 Jul 2025

It advises about display of boards in various workplaces such as lobbies, canteens, cafeterias, meeting rooms etc., to raise awareness on harmful consumption of hidden fats and excess sugar in various food items.

500% US Tariff Threat Looms Over India

500% US Tariff Threat Looms Over India

Rediff.com9 Jan 2026

A 500 per cent tariff would effectively shut out India's goods and services exports to the US.

India's energy sector battles taxes, global turmoil

India's energy sector battles taxes, global turmoil

Rediff.com13 Oct 2025

India's brittle energy security is inextricably linked to two opposing paradigms - fossil fuels, and the transition to green energy. The first powers the present; the second paves the way for Viksit Bharat in 2047.

Trump's Russian Roulette Over India's Oil Supply

Trump's Russian Roulette Over India's Oil Supply

Rediff.com5 Aug 2025

The trade relationship between India and the United States has been strained by the imposition of 25% tariff by the US on Indian goods.

How To Download GATE 2026 Admit Card

How To Download GATE 2026 Admit Card

Rediff.com14 Jan 2026

Registered and eligible candidates can download their GATE 2026 from the official website gate2026.iitg.ac.in, using their valid login credentials.

Tax sops: Oil ministry approaches FinMin

Tax sops: Oil ministry approaches FinMin

Rediff.com11 Mar 2008

The finance ministry, in the explanatory memorandum to the Finance Bill 2008-09, proposes to withdraw the tax holiday which has been a window the petroleum ministry has been using to market the oil and gas exploration blocks under the New Exploration and Licensing Policy (Nelp) since 1999. The commitment to give a 7-year tax holiday to companies producing gas from Nelp blocks was finalised by the Union Cabinet after consultation with the finance ministry.

India-US Deal Shields Farmers

India-US Deal Shields Farmers

Rediff.com4 Feb 2026

New Delhi will substantially reduce tariffs on industrial and agricultural goods while continuing to protect sensitive sectors. Tariffs on some agricultural products that are not traditionally considered sensitive will be brought down to zero, while in the case of relatively sensitive items, duties will be reduced in a graded manner and quotas will be imposed.

Corporate spying: 2 oil ministry staff among 5 held

Corporate spying: 2 oil ministry staff among 5 held

Rediff.com19 Feb 2015

More arrests are likely in this case, being probed by the elite crime branch, in the next couple of days.

Lack Of Political Unity Is India's Greatest Challenge

Lack Of Political Unity Is India's Greatest Challenge

Rediff.com6 Feb 2026

'No, India and China were not about to go to all-out war over a few rocks of Galwan.' 'The full picture of what went on at the highest level between two heads of State will not be known for a very, very long time and rightly so,' points out Colonel Anil A Athale, former head of the history division, ministry of defence.

Govt's obesity combat plan: Display oil and sugar in snacks

Govt's obesity combat plan: Display oil and sugar in snacks

Rediff.com14 Jul 2025

The Union health ministry is urging all ministries and departments to display 'oil and sugar boards' in common areas to raise awareness about hidden fats and sugars in everyday foods and promote healthier lifestyles.

India rebuts Trump aide's 'Modi didn't call' claim; says...

India rebuts Trump aide's 'Modi didn't call' claim; says...

Rediff.com10 Jan 2026

'Incidentally, Prime Minister (Modi) and President Trump have also spoken on the phone on eight occasions during 2025, covering different aspects of our wide-ranging partnership'

'Whatever Trump Says, India Can't Stop Buying Russian Oil'

'Whatever Trump Says, India Can't Stop Buying Russian Oil'

Rediff.com5 Aug 2025

'America is adopting the typical 'my way or the highway'/'Either you are with us or against us' stance.' 'This is a policy India is not going to accept.'

Give HPCL to ONGC, says oil ministry

Give HPCL to ONGC, says oil ministry

Rediff.com18 Sep 2003

India breaks silence on US action on Venezuela, Maduro capture

India breaks silence on US action on Venezuela, Maduro capture

Rediff.com4 Jan 2026

India said it is closely monitoring the evolving situation in Venezuela and reaffirmed its support for the well-being of people of the country.

Exports up 19.37% to $38.13 bn in November

Exports up 19.37% to $38.13 bn in November

Rediff.com15 Dec 2025

India's exports jumped by 19.37 per cent to $38.13 billion in November, while imports dipped by 1.88 per cent to $62.66 billion, according to government data released on Monday.

ONGC Q1 net profit drops 10% on lower oil prices

ONGC Q1 net profit drops 10% on lower oil prices

Rediff.com13 Aug 2025

State-owned Oil and Natural Gas Corporation (ONGC) has reported a 10 per cent decline in its June quarter net profit on lower oil prices and stagnant production from its aging fields. The company reported a net profit of Rs 8,024 crore in the first quarter of 2025-26 fiscal year, compared to Rs 8,938 crore earning in the same period last year, a company statement said.

India's GDP estimated to grow at 7.4% in FY26; fastest in the world

India's GDP estimated to grow at 7.4% in FY26; fastest in the world

Rediff.com7 Jan 2026

The Indian economy is likely to grow at 7.4 per cent in 2025-26, up from 6.5 per cent in the previous fiscal, mainly on account of better performance of manufacturing and services sectors, as per the government data released on Wednesday.

Iran says forces ready for war; accuses US, Israel of stoking unrest

Iran says forces ready for war; accuses US, Israel of stoking unrest

Rediff.com13 Jan 2026

Baghaei also alleged that recent unrest in Iran was fuelled by foreign interference, claiming riots were triggered by "very evident" interventionist remarks by US and Israeli officials.

Govt likely to soon compensate oil firms for LPG losses

Govt likely to soon compensate oil firms for LPG losses

Rediff.com10 Jul 2025

The government is likely to give a subsidy of Rs 30,000-35,000 crore to state-run oil companies - Indian Oil Corporation (IOC), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL) - to compensate for losses incurred from selling LPG at below cost over the past 15 months, according to a senior official.

NCLT Mumbai okays demerger of Vedanta into 5 distinct entities

NCLT Mumbai okays demerger of Vedanta into 5 distinct entities

Rediff.com17 Dec 2025

The Mumbai Bench of the National Company Law Tribunal (NCLT) on Tuesday gave its approval to Vedanta Limited's demerger proposal, clearing the way for the group to reorganise its operations into five distinct, sector-specific entities.

India calls for ceasefire, hostage release; hails Gaza peace plan

India calls for ceasefire, hostage release; hails Gaza peace plan

Rediff.com4 Dec 2025

India has called for a ceasefire, release of all hostages, and peaceful resolution of the Israel-Hamas conflict through dialogue and diplomacy. The Centre informed Parliament that India welcomed the agreement on the first phase of the Gaza Peace Plan. The article also covers India's energy sourcing strategy and the release of Indian fishermen by Pakistan.

Oil ministry to cut ONGC's subsidy burden, adjust its cess payment

Oil ministry to cut ONGC's subsidy burden, adjust its cess payment

Rediff.com8 Dec 2014

According to a new subsidy sharing formula, the payout of upstream oil producers like ONGC is to be reduced to the extent of Rs 4,500 per tonne oil development cess they pay to the government, sources privy to the development said.

Exports up in first 3 weeks of Nov: Goyal

Exports up in first 3 weeks of Nov: Goyal

Rediff.com26 Nov 2025

India's merchandise exports grew in the first three weeks of November compared with the same period last year, according to preliminary government data, Commerce and Industry Minister Piyush Goyal said on Tuesday. The uptick comes despite globa

China hails Putin's India visit, calls for closer trilateral ties

China hails Putin's India visit, calls for closer trilateral ties

Rediff.com8 Dec 2025

China has reacted positively to Russian President Vladimir Putin's visit to India, emphasizing the importance of trilateral ties between China, Russia, and India for regional and global peace and stability.

India, Russia Explore Duty Cuts to Rebalance Trade

India, Russia Explore Duty Cuts to Rebalance Trade

Rediff.com3 Dec 2025

Putin's State visit will centre on fixing the huge India-Russia trade imbalance, with both sides pushing to lower duties, ease non-tariff barriers, and seal a landmark mobility pact to send more Indian workers to Russia.

WPI inflation rises to (-) 0.32% in November

WPI inflation rises to (-) 0.32% in November

Rediff.com15 Dec 2025

Wholesale price inflation (WPI) came in at (-) 0.32 per cent in November, driven by an uptick in prices of food articles like pulses and vegetables on a month-on-month basis, government data showed on Monday.

Trump claims India may exit Russian oil trade; New Delhi says no such move

Trump claims India may exit Russian oil trade; New Delhi says no such move

Rediff.com2 Aug 2025

On Friday, during the weekly media briefing, MEA spokesperson Randhir Jaiswal, when asked about media reports that some Indian oil companies have stopped taking oil from Russia, had said India has made clear its approach on the issue.

India terms EU envoys' article unusual before key Putin visit

India terms EU envoys' article unusual before key Putin visit

Rediff.com3 Dec 2025

India and Russia are poised to sign multiple agreements to bolster cooperation in various sectors, including trade and healthcare, during Russian President Vladimir Putin's visit to New Delhi. Discussions will also address the Ukraine conflict and efforts to increase Indian exports to Russia.

CII asks oil ministry to withdraw price preference

CII asks oil ministry to withdraw price preference

Rediff.com23 Aug 2011

The CII feels the 20-year scheme was introduced to boost domestic industry and provide a platform to Indian industry to compete with their foreign counterparts.

Oil ministry may approach Cabinet on diesel deregulation

Oil ministry may approach Cabinet on diesel deregulation

Rediff.com24 Aug 2014

OMCs are currently incurring daily under-recovery of Rs 230 crore.

Oil Ministry seeks Rs 26,000 crore as fuel subsidy for Q3

Oil Ministry seeks Rs 26,000 crore as fuel subsidy for Q3

Rediff.com10 Feb 2014

The Petroleum Ministry has asked for Rs 26,000 crore (Rs 260 billion) as fuel subsidy for the third quarter of this financial year, but the finance ministry is inclined to provide only Rs 10,000 crore (Rs 100 billion) cash support.