Currently, the government controls prices of petrol, diesel, domestic liquid petroleum gas and kerosene and compensates public sector firms through a complex mechanism that has squeezed out liquidity with the retailers and drained resources of upstream firms.
Finance Minister Arun Jaitley presented the Budget today.
Barclays said the refinery would, however, now need to find new sources for the energy for its internal uses.
This is the ninth consecutive month that the manufacturing PMI remained above the 50-point-mark.
Oil companies choose to skip the revision this time.
He also lashed out at the Congress for its opposition to the GST and for dubbing it as 'Gabbar Singh Tax'.
The abolition of wealth tax is again a welcome step.
They say it will have severe impact on their financial strength
While scheduled airlines operate flights as per schedules drawn up for several months or even years and are committed to flying during these periods on these routes, an NSOP or a charter operates irregularly and may be planned a short time before a flight.
New Delhi, 7 August A strike call and its withdrawal proved an embarrassment for a former senior aviation bureaucrat.
Virtually ruling out any bail-out, the government on Saturday asked private airlines to withdraw their call for suspending flights on August 18 and warned them of "appropriate action" if flight schedules are disrupted.
The prime minister is aware that whatever be its consequences, a new taxation regime cannot be launched closer to the general elections in 2019. Thus, any date after April 2017 for the launch of GST is risky, says A K Bhattacharya.
After failing to convince states to keep petroleum products within the ambit of the proposed goods and services tax (GST), the Centre has finally relented. It has agreed to the proposal of the empowered committee of state finance ministers to keep petroleum products like crude, motor spirit, aviation turbine fuel (ATF) and high-speed diesel out of GST.
The Centre would need the concurrence of 20 states out of 29 to impose a GST on petroleum
Jet has pulled out flights from Northeast states and also cancelled its Srinagar flight, leading to reduction in capacity.
Financial planning expert Sailesh Multani offers some valuable investment tips.
The increase in MAT rate from 15% to 18% in effective terms to 19.93% from 16.995% would mean higher cash outflow for the companies paying tax at MAT Rate like Balrampur Chini and Bajaj Hindusthan.
Ahead of the Economic Survey, industry body Ficci today lowered its GDP growth forecast for the current fiscal, pegging India's economic expansion rate at 5.3 per cent compared to its 5.5 per cent previous estimate.
The government on Wednesday put on hold a hike in LPG prices in states including Karnataka, Madhya Pradesh and Kerala, where an increase in local levies had led to a rise in fuel rates.
Lower fuel costs and tight control on expenses propped up earnings before interest, tax, depreciation and amortisation (Ebitda) margins to one per cent.
Airfares are at an all-time low because of fall in crude oil prices.
That's a surprise since his protege Praful Patel has shouted down requests this week
Cracks started appearing on Saturday in a grouping of airlines that was planning to suspend flights on August 18 to protest high jet fuel prices and taxes, with budget carrier IndiGo saying it would operate as usual.
The hikes, effective from midnight tonight, are excluding state sales tax or VAT and actual increase will be higher and will vary from city to city
Not all change is good, but this one is, applauds Shekhar Gupta.
Recommending an end to all cesses and surcharges on taxes, and free pricing of fertiliser and fuel ahead of the Union Budget for 2009-10, the Economic Survey on Thursday suggested aggressive divestment and financial sector reforms to bring the economy back to high growth track.
In an hour-long chat on rediff.com on Friday, financial expert K V S Manian replied to many Budget-related investment queries.
In a chat on rediff.com on Thursday, market expert Vinay Mahajan offered some valuable tips about investing in the stock markets.
In a chat on rediff.com on Thursday, market expert A Shyamsunder offered some valuable investment tips.
In an hour-long chat on rediff.com on Thursday, financial expert Abhinav Angirish offered some Budget-related tips.
In a chat on rediff.com on Wednesday, banking and insurance expert G V Nageswara Rao replied to Budget-related tax queries.
What effect will the Budget have on food prices? And on prices of other things? Has the FM given with one hand and taken away from the other? During a chat on rediff.com on Wednesday, economist Ajit Ranade replied to many such queries.
In an hour-long chat on rediff.com on Wednesday, economist Siddharth Shankar replied to many Budget-related queries.
'Are all roads in India privatised? Are governments not playing a role in airports or ports? If they (private players) want to set up lines for a specific requirement, I see no reason to object. It will expand the opportunity and passengers will also benefit.'
Demonetisation should be judged to have delivered some immediate gain if at least around Rs 2 trillion gets immobilised.
These refineries, commissioned mostly in the 1950s and 1960s during India's early industrialisation push, are inefficient and costly to maintain compared to their modern counterparts on the coast mainly operated by private companies.
Ramping up his attack against the prime minister, the Congress chief questioned the prime minister's silence on rising fuel prices, the Rafale jet deal and issues such as farmer suicides, atrocities against women and unemployment.
A sum of Rs 7060 crore is provided in the current fiscal for the project of developing one hundred Smart Cities.
Celerio's 793-cc diesel engine is the smallest in the market.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances