The Cabinet Committee on Economic Affairs may consider slashing customs duty on petrol and diesel from 15 per cent to 10 per cent.
Finance Minister Arun Jaitley to present Union Budget on February 28.
In the wake of mounting pressure from Sangh outfits, the MP government may take a fresh decision on the fate of the marketing contract with a Lintas subsidiary for Simhastha Kumbh Mela in Ujjain.
The government has approved a Rs 450.15 crore package for marine fishermen, including a Rs 1.50 per litre rebate on diesel and subsidy on fishing vessels.
Eight renowned Indian and global merchant bankers will vie with each other on Friday to become the global advisors for privatisation of Bharat Petroleum Corporation.\n\n\n\n
The government is likely to empower ONGC Videsh, the foreign arm of state-run Oil and Natural Gas Corporation, to make investments of up to Rs 300 crore (Rs 3 billion) in oil and gas properties abroad without going to the Cabinet for approval.
Projects worth Rs 500 crore and above and up to Rs 1,000 crore can be cleared by the Finance Minister.
The Vajpayee government had avoided using the air force for 18 days.
The Cabinet Committee on Economic Affairs deferred on Thursday a decision on sharing royalty earned from oil output with states.\n\n
'Obviously, MSP hike raises chances of a reduction in exports. Even without an MSP hike, India's exports of a number of agri-commodities, like sugar, were unviable in the overseas markets.'
The Cabinet Committee on Economic Affairs has approved ONGC Videsh Ltd's proposal to invest an additional $1.1 billion in Sakhalin-I project in Russia.
The government on Wednesday rolled back its decision to hike LPG price by Rs 5 every month.
A Cabinet panel has allowed futures trading in 54 commodities including rice, wheat, pulses, oils, oilseeds, spices and metals, a government spokesman said on Thursday.
The cabinet committee on economic affairs will meet this evening to decide on the prices of petrol, diesel, LPG and kerosene, petroleum minister Mani Shankar Aiyar said.
Divestment Minister Arun Shourie on Tuesday said that the opinion of the law ministry and the Attorney General will be taken on Supreme Court ruling staying privatisation of HPCL and BPCL, which he described as a 'major setback' to reforms.
The Department of Heavy Industry has been undertaking appraisals of each loss making CPSE to assess the prospects of revival.
The Cabinet Committee on Divestment failed to take any decision on the divestment of public sector oil companies -- Hindustan Petroleum Corporation and Bharat Petroleum Corporation.
Arun Shourie, Union Minister for Divestment, said that the next meeting of the Cabinet Committee on Divestment would discuss the sell-off modalities of HPCL and BPCL.
Seen as a major initiative, the 'strategic partnership model' aims to create a vibrant defence manufacturing ecosystem in the country through involvement of both the major Indian corporates as well as the MSME sector.
Punjab government on Friday approved the bid made by Commonwealth Development Corporation, a wholly owned investment institution of the British government, to buy Punjab State Industrial Development Corporation's 23.49 percent share in Punjab Tractor
Buoyed by the overwhelming response to the public offer for its stake in Maruti, the government on Thursday decided to sell its remaining shares to public in the five privatised companies.
The CCD is likely to take up, among other issues, the highly successful public offer of car market leader Maruti Udyog Ltd.\n\n\n\n
Although the future of Direct Benefits Transfer (DBT) on liquefied petroleum gas (LPG) is uncertain for now, the upcoming vote-on-account is likely to account for about Rs 1,300 crore that was transferred to the bank accounts of customers in the form of subsidy.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances