Markets ended higher, amid firm global cues, and are on track for third straight day of gains.
After diesel, the government is considering raising cooking gas (LPG) and kerosene rates in small doses of Rs 5 per cylinder and Rs 0.50-1 a litre every month to wipe out Rs 80,000 crore subsidy on the two fuels.
Modi said the country needs to increase domestic output of energy.
'Nothing differentiated us, neither religion nor money.' 'We were all in a crisis together and we survived together.' 'We plan to assemble on the bridge every year on the same day, to thank for giving us a second life.'
FM should avoid proposals such as to tax financial transactions and fringe benefits
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
Economic reforms seem to be on a slow train, while good old fiscal populism is alive and flourishing.
Of the 170 million rural households in the country, a government website claims to have connected 82 per cent of them. The metered households are 50 per cent of the total. As on February, 2018, of the 780,000 villages to be intensively electrified or provide connection to all in households, 493,000 have been covered. However, the amount and quality of the power supply cannot be ascertained from this data. No clause in any of the rural electrification programmes promises 24 hours' power supply.
'I will put everything I have Saturday on the court'
Indian Oil Corp, the nation's largest fuel retailer, positioned adequate stocks of all petroleum products -- petrol, diesel, kerosene and LPG in the state.
Upstream firms pay for a portion of fuel subsidies by extending discounts on crude oil they sell to refiners who are forced by the government to sell diesel and cooking fuel at rates lower than cost of production.
Cooking gas (LPG) dealers on Monday threatened to go on an indefinite strike from January 19 unless oil companies stop appointing new distributors.
A never-seen-before Rahul Gandhi exuded toughness and aggression. And it was not only about the words he used to castigate the opposition but his dialogue delivery, facial expressions, overall body language that conveyed a different, more confident Gandhi, says Saisuresh Sivaswamy.
2015 will be a real test for Modi govt.
IOC and other oil firms have been paying LPG consumers in 54 districts up to Rs 500 to help them buy a 14.2-kg cooking gas refill at market price, which is more than double of Rs 410 per bottle rate in Delhi.
Inclusive of the July hike of 25 paise, a monthly increase of similar amount would result in a saving of Rs 2.25 a litre for the current financial year alone.
The biggest problem is that those with Aadhaar numbers aren't coming forward for seeding these with bank accounts.
Low oil prices drove the growth in states' share faster than expected, says Abhishek Waghmare.
Indian govt must find solution to ever increasing LPG subsidy. Govt must cap LPG subsidy.
As the festive season approaches, two-wheeler manufacturers are gearing up to give their best. One of the major segment of the industry - -- the 150cc motorcycles - -- is already on fire with lots of fresh offerings.
The new Elantra is 40 mm longer and 25 mm wider than the outgoing model
This theory of 'Hindus vs the rest' sees the two communities as two separate blocs. Isn't that the two-nation theory? What of the deep bonds that the communities have on the ground? asks Jyoti Punwani.
Why did the district magistrate take over an hour to order retaliatory firing on the murderous SBVS mob?
The retail prices of petroleum products have moved broadly in line with, or somewhat more than, the rupee cost of oil imports.
Inspired by a tiger, the newest SUV from the Isuzu stable is a mean, muscular beast.
The fuel reforms are a very important signal of the government's commitment to tough economic reforms.
Dealing with the misuse of provisions of SC/ST Act and lodging of false cases, the bench said it was not due to the caste system but due to human failure. The directions passed on provision of arrest and conducting a preliminary probe before any case is lodged is uncalled for and the court should not have exercised its plenary powers, said the bench.
The loss on diesel sales has inched up marginally to Rs 8.37 a litre even as a surge in international oil rates and a weakening rupee wiped out gains from a 50 paise increase in the price of the fuel.
Every dollar increase in crude oil price will add Rs 4,000 crore to the overall underrecovery.
'It was a deliberate conspiracy. The mob targeted large houses, burning down ACs, fridges, almirahs and furniture.'
The government has taken a number of steps to stem the depreciation of rupee including moderation in demand of non-essential imports and enhancing supply of capital flows, Finance Minister P Chidambaram said.
Long queues outside grocery stores, inflated prices, difficulty in getting important items -- these were some of the problems encountered by people in the National Capital Region (NCR).
The prices will be announced by mid-2016 during the official launch.
The loss, which is made good through government subsidy, has declined since March as the rupee strengthened against the dollar and global oil prices softened.
The Lynkan Hypersport is a limited production hypercar by W Motors.
The assumption that money drives performance is dated.
As Prime Minister Narendra Modi is set to deliver his third Independence Day speech on August 15, he is inviting ideas from citizens on issues he should speak on
Rediff.com's Indrani Dey digs up chilling details of the ongoing investigation in the Bardhaman blast case, which exposed the a militant network that had been operating in West Bengal since many years.
For the first time in more than a decade, diesel demand has declined this fiscal as monthly price hikes and increased power generation clipped consumption, Indian Oil Corporation (IOC) Chairman R S Butola said.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
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