Petrol and diesel prices are unlikely to be hiked in the near future, with Finance Minister P Chidambaram agreeing in-principle to share a third of the revenue loss that state-run oil firms incur on sale of fuel
C Rangarajan, chairman of the economic advisory council to the prime minister, has called for revisiting subsidies, dividend distribution tax and tax exemptions.
In a grim reminder that women in Delhi are unsafe, two unidentified men attempted to burn alive a fashion designer outside her residence in a posh south Delhi locality.
The lamp is expected to hit the markets by 2016.
With the rupee continuing to remain weak against the US dollar, losses on diesel have climbed to Rs 9.45 per litre, upsetting the government's subsidy maths.
A 65-year-old woman, allegedly set ablaze for not voting for a particular candidate in Yeola assembly constituency in Nashik district in October 15 polls, succumbed to her injuries while undergoing treatment at civil hospital in Nashik on Monday.
Industry think-tank TERI has demanded an end to government dictats on pricing of petroleum products and sought subsidies on domestic cooking gas (LPG) and kerosene to be directly provided to consumers.
The government on Friday ruled out an immediate increase in petrol and diesel prices in line with rise in international oil prices.
The crash of the Mi-17 V5 took place at around 6 am when it was on a maintenance mission.
He poured kerosene on himself and tried to consume the poison but was overpowered by the members of both benches and the bottles were snatched.
Two law students attempt self immolation protesting the Supreme Court's order on quotas in private colleges.
The government on Thursday sanctioned Rs 17,772 crore (Rs 177.72 billion) cash subsidy to fuel retailers like IOC to cover for half of the revenues they lost on selling diesel and cooking fuels below cost in the September quarter.
Increase in first half of FY14 comes despite a fall in average crude prices; weak rupee helps.
Indian Oil Corporation, the country's largest oil firm, on Wednesday said it is losing about Rs 54 crore (Rs 540 million) every day on sale of petroleum products.
A minor Dalit girl was allegedly burnt to death by a youth at Sahalwada village near Hoshangabad after she refused to withdraw a complaint of rape against him, police said on Thursday.
A separate relief package for affected farmers would be announced expeditiously.\n
State-run Indian Oil Corporation on Wednesday it was incurring a loss of Rs 50 crore (Rs 500 million) per day on sale of all fuel products but petrol.
Oil and Natural Gas Corporation will shell out Rs 5,023 crore (Rs 50.23 billion) to subsidise kerosene and LPG in the second quarter of current fiscal.
Petroleum Minister Murli Deora will meet Finance Minister P Chidambaram next week to discuss a package to bail out public sector oil firms that have been suffering huge losses on account of selling fuel on discounted prices.
The death toll in Bihar floods today mounted to 64 with over 33 lakh people spread across 13 districts affected by the deluge.
Petroleum Minister Murli Deora will meet Finance Minister P Chidambaram on Monday to work out a package on pricing of petrol and diesel, besides subsidies on kerosene and cooking gas before the month-end.
Finance Minister P Chidambaram on Monday presented in Parliament the first ever Outcome Budget, which seeks to measure the physical targets achieved on the financial outlays of various ministries.
Spiralling crude oil prices have pushed up the revenue loss of oil firms on sale of petrol, diesel, LPG and kerosene to Rs 91,053 crore.
The Prime Minister Manmohan Singh on Tuesday said the government would adopt a multi-faceted approach on pricing in all forms of energy including auto fuel, LPG, kerosene and electricity aimed at efficient and rational use of energy resources.
'Those who genuinely seek justice do not differentiate between a victim and a victim or an accused and accused.' 'They demand justice for all,' says Utkarsh Mishra.
The government on Monday decided to hike petrol price by Rs 4 a litre and diesel by Rs 2 per litre
The government is likely to decide this week on a hike of Rs 2 to Rs 3 a litre in the prices of petrol and diesel, but spare kerosene and cooking gas prices from any increase.
Indian Oil Corporation said on Friday it is losing Rs 10.55 per litre on sale of petrol and Rs 9.88 per litre on diesel due to a government freeze on increasing fuel prices.
The government is willing to increase its contribution to the subsidy bill on retail sale of oil products
The SC on Monday issued notice to the Centre and to the Uttar Pradesh government on a plea seeking a CBI probe into the alleged murder of a journalist Jagendra Singh.
For every rupee fall against the dollar, the under-recovery will increase by Rs 8,000 crore
Diesel to cost Rs 2 per litre more, but there will be no increase in LPG and kerosene prices.
Public sector oil companies lost Rs 9800 crore (Rs 98 billion) in the first six months of 2004-05 fiscal for selling petroleum products below the import cost, Petroleum Minister Mani Shankar Aiyar said on Tuesday.
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