News for 'oil minister'

'India Must Not Give Sheikh Hasina Asylum'

'India Must Not Give Sheikh Hasina Asylum'

Rediff.com5 Aug 2024

'At this moment you cannot give her asylum because if you do, then you are directing public anger against India.'

'Can We In Our Businesses Set An Example?'

'Can We In Our Businesses Set An Example?'

Rediff.com10 Oct 2024

'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'

India, Russia set $100 bn annual trade target by 2030

India, Russia set $100 bn annual trade target by 2030

Rediff.com9 Jul 2024

India and Russia on Tuesday set a target of $100 billion in annual trade volume by 2030 and vowed to develop a robust bilateral payment settlement mechanism using national currencies. The two sides also inked a total of nine agreements to further broadbase cooperation in a range of areas including in the economic domain following summit talks between Prime Minister Narendra Modi and Russian President Vladimir Putin.

Neighbourhood First At Modi's Swearing-In

Neighbourhood First At Modi's Swearing-In

Rediff.com9 Jun 2024

Engagement with neighbours is a strategic imperative, and not an option, asserts Rup Narayan Das.

Kejriwal stopped taking insulin before his arrest: Tihar officials

Kejriwal stopped taking insulin before his arrest: Tihar officials

Rediff.com20 Apr 2024

The Delhi minister also claimed that Kejriwal used to take 50 units of insulin daily before he was sent to jail.

Oil Min to move EGoM on changing priority of gas supply

Oil Min to move EGoM on changing priority of gas supply

Rediff.com20 Mar 2013

Power plants, involving investments of Rs 100,000 crore, facing closure.

Infra Key Talking Point For BJP In 2024

Infra Key Talking Point For BJP In 2024

Rediff.com2 Apr 2024

Key infrastructure sectors -- from railways to power, and from coal to petroleum -- will not only be part of the achievements but promises too, as the BJP fights to get a third term at the Centre.

GST@7: Challenges But Collections Surge

GST@7: Challenges But Collections Surge

Rediff.com12 Jul 2024

Average monthly GST collection rose from Rs 90,000 crore during the first year of its implementation -- 2017-2018 -- to Rs 1.68 trillion during 2023-2024, representing an 87 per cent rise.

Can Modi 3.0 Ignite Surge in PSU Stocks?

Can Modi 3.0 Ignite Surge in PSU Stocks?

Rediff.com29 Jun 2024

'Those betting against PSUs will likely be punished in this upswing.'

Reddy rejects BJP attack on Home Minister

Reddy rejects BJP attack on Home Minister

Rediff.com20 Jun 2011

Oil Minister S Jaipal Reddy on Monday rejected senior Bharatiya Janata Party leader Murli Manohar Joshi's attack on Home Minister P Chidambaram on the issue of CAG indictment of his ministry for alleged favours to private firms, saying such attacks would harm decision making at higher levels.

Cabinet nod for Rs 11,040 cr mission to boost oil palm farming in next 5 yrs

Cabinet nod for Rs 11,040 cr mission to boost oil palm farming in next 5 yrs

Rediff.com18 Aug 2021

The Cabinet on Wednesday approved the National Mission on Edible Oils - Oil Palm (NMEO-OP) with a financial outlay of Rs 11,040 crore to promote domestic cultivation of oil palm in the next five years, and reduce the country's dependence on edible oil imports. The decision comes after Prime Minister Narendra Modi announced the new central scheme on August 15 during his Independence Day speech at Red Fort. Briefing the media, Union Information and Broadcasting Minister Anurag Thakur said the Cabinet approved the NMEO-OP with a focus on the northeast region and the Andaman and Nicobar Islands with a financial outlay of Rs 11,040 crore.

Cutback in oil output, rise in crude prices could impact India

Cutback in oil output, rise in crude prices could impact India

Rediff.com14 Nov 2018

Given that India will get a huge part of its oil supplies from Iran through its government-owned oil PSUs, any unwelcome shocks in global crude rates could be absorbed well enough.

India keen to buy BP's assets in Vietnam: Minister

India keen to buy BP's assets in Vietnam: Minister

Rediff.com21 Jul 2010

Oil Minister Murli Deora flew into the Vietnamese Capital this morning with heads of bluechip Indian oil firms to lay a claim with Hanoi on BP's stake in two offshore gas fields, a pipeline and power project -- together referred as Nam Con Son, Vietnam's largest gas project.

Rs 94,181 cr oil bonanza for Modi govt

Rs 94,181 cr oil bonanza for Modi govt

Rediff.com19 Jul 2021

The Union government has collected Rs 94,181 crore through levy of excise duty on petrol and diesel in the first three months of the current fiscal on the back of a record tax on fuel that yielded 88 per cent higher revenue the previous financial year, the Lok Sabha was informed on Monday. Excise duty on petrol was hiked from Rs 19.98 per litre to Rs 32.9 last year to recoup gain arising from international oil prices plunging to multi-year low as pandemic gulped demand. The same on diesel was raised to Rs 31.8 from Rs 15.83 a litre, according to a written reply by Minister of State for Petroleum and Natural Gas Rameswar Teli in the Lok Sabha. This led to excise collections on petrol and diesel jumping to Rs 3.35 lakh crore in 2020-21 (April 2020 to March 2021), from Rs 1.78 lakh crore a year back, he said.

Oil Min hints at deregulation of diesel rates

Oil Min hints at deregulation of diesel rates

Rediff.com2 Sep 2014

Under-recovery or the gap between retail selling price and the cost of import, this month dipped to an all-time low of 8 paise a litre, helped by the monthly increases and softening in international oil rates.

Oil cos to ensure fuel supply in flood-hit Uttarakhand

Oil cos to ensure fuel supply in flood-hit Uttarakhand

Rediff.com25 Jun 2013

Indian Oil Corp, the nation's largest fuel retailer, positioned adequate stocks of all petroleum products -- petrol, diesel, kerosene and LPG in the state.

Akhilesh Sniffs Smell Of Success In Kannauj

Akhilesh Sniffs Smell Of Success In Kannauj

Rediff.com11 May 2024

Akhilesh Yadav replaced his nephew Tej Pratap Yadav and decided to contest the Kannauj seat himself.

'Global investors willing to pay premium for India story'

'Global investors willing to pay premium for India story'

Rediff.com8 Feb 2024

'With China falling out of favour, India is where investors see the demographic and digital dividend apart from the benefits of reforms playing out.' 'Your prime minister has also done a great job of sharing this story with the world.'

Has Joe Biden Lost Interest In India?

Has Joe Biden Lost Interest In India?

Rediff.com7 May 2024

Had it not been for the slow but sure emergence of China as a threat to the western order, would India have been accepted as a near-equal partner by individual western nations, jointly and severally, questions N Sathiya Moorthy.

KG-D6 approvals: BP's Dudley writes to Oil Min

KG-D6 approvals: BP's Dudley writes to Oil Min

Rediff.com2 Jan 2012

BP, which recently bought 30 per cent stake in KG-D6 and 20 other blocks of Reliance Industries for $7.2 billion, is keen to undertake sea-bed surveys this winter season -- the only four months weather window available in Bay of Bengal for such jobs, to acess potential of satellite discoveries in the block and draw blue-print of their development.

'We Have An Indian Tiger That Needs To Be Uncaged'

'We Have An Indian Tiger That Needs To Be Uncaged'

Rediff.com10 Oct 2024

'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'

Oil prices plunge again as UAE defends holding production

Oil prices plunge again as UAE defends holding production

Rediff.com13 Jan 2015

Oil prices continued their rout on Tuesday with Brent crude and U.S. WTI both falling to their lowest in almost six years as a big OPEC producer stood by the group's decision not to cut output to tackle a glut in the market.

Modi 3.0 will put its all might to...: PM in Rajya Sabha

Modi 3.0 will put its all might to...: PM in Rajya Sabha

Rediff.com7 Feb 2024

Confident of securing a massive majority in the upcoming Lok Sabha elections, Prime Minister Narendra Modi on Wednesday outlined his vision for his next five-year term saying the Modi 3.0 government will put all its might to strengthen the foundation of 'Viksit Bharat' or a developed nation.

ONGC, OIL buy 10% govt stake in Indian Oil

ONGC, OIL buy 10% govt stake in Indian Oil

Rediff.com14 Mar 2014

An Empowered Group of Ministers headed by Finance Minister P Chidambaram had on February 28 decided to sell the stake in IOC, the nation's largest oil firm, at a discount of 10 per cent through an off-market deal.

Iraq offers longer credit to Indian oil buyers

Iraq offers longer credit to Indian oil buyers

Rediff.com12 Nov 2013

Iraq is willing to double the credit period on crude sales to 60 days if Indian refiners buy more in 2014, the head of refineries at Hindustan Petroleum said. Iran has also sweetened the deal to expand its dwindling market share by offering free shipment and a nominal discount to Indian refiners, sources said last week.

Will Raebareli Also Go The Amethi Way?

Will Raebareli Also Go The Amethi Way?

Rediff.com16 May 2024

'Sonia did not visit this place once since she won. Who's to say they won't lose this one, too?'

Why Modi's goal to cut oil import by 2022 will be unfulfilled

Why Modi's goal to cut oil import by 2022 will be unfulfilled

Rediff.com9 Jul 2021

India's dependence on imported crude oil to meet domestic demand has been a matter of concern for years. Delivering the inaugural address at the global energy summit - Urja Sangam - in 2015, Prime Minister Narendra Modi had called for enhancing domestic oil and gas production to cut the import burden. He aimed at lowering it by at least 10 per cent by 2022 - to coincide with the platinum jubilee of India's independence. But this target is far from being achieved and the country's import reliance has only risen.

Can China broker Pak-Iran peace deal post-missile strikes?

Can China broker Pak-Iran peace deal post-missile strikes?

Rediff.com22 Jan 2024

The foreign ministry's statement came amidst the reported visit of Foreign Minister Sun Weidong to Pakistan on a mediation mission.

Putin's North Korea Gamble

Putin's North Korea Gamble

Rediff.com26 Jun 2024

Russia's unprecedented rapprochement with North Korea has raised concerns about the re-emergence of a Russia-China-North Korea alliance which could increase the probability of conflict on the Korean Peninsula, explains Dr Rajaram Panda.

'US Will Never Let Pakistan Down'

'US Will Never Let Pakistan Down'

Rediff.com22 Jul 2024

'Pakistan is a nuclear country.' 'With the kind of situation that is there in Pakistan today, America will help Pakistan stay afloat.'

Modi first foreign head to get Bhutan's highest civilian honour

Modi first foreign head to get Bhutan's highest civilian honour

Rediff.com22 Mar 2024

Prime Minister Narendra Modi on Friday received Bhutan's highest civilian award, the 'Order of the Druk Gyalpo', making him the first foreign Head of the Government to receive the honour.

Minister Dharmendra Pradhan: 'Benefits of falling oil prices passed on to consumers'

Minister Dharmendra Pradhan: 'Benefits of falling oil prices passed on to consumers'

Rediff.com24 Apr 2015

Petroleum and Natural Gas Minister Dharmendra Pradhan speaks to Sheela Bhatt/Rediff.com.

Sri Lanka scraps 2nd deal, to re-acquire IOC's oil tanks

Sri Lanka scraps 2nd deal, to re-acquire IOC's oil tanks

Rediff.com17 Feb 2021

Sri Lanka will re-acquire 99 World War II-era oil storage tanks leased to Indian Oil Corporation in the eastern port district of Trincomalee, Energy Minister Udaya Gammanpila announced on Wednesday.

Russian foreign minister Lavrov to arrive in India tomorrow

Russian foreign minister Lavrov to arrive in India tomorrow

Rediff.com30 Mar 2022

Russian Foreign Minister Sergey Lavrov will be on a two-day official visit to India from Thursday, his first trip to the country since Moscow launched its invasion of Ukraine last month.

Oil plunges to 6-1/2-year low on China concerns

Oil plunges to 6-1/2-year low on China concerns

Rediff.com24 Aug 2015

US crude is now more than 17 per cent below its opening price at the start of the month and Brent is down more than 16 per cent.

Jefferies sees fiscal pressure building, warns of choppy mkts

Jefferies sees fiscal pressure building, warns of choppy mkts

Rediff.com27 Sep 2023

Fiscal pressure for the Indian economy is gradually rising, suggested analysts at Jefferies in a recent note, as oil prices (Brent) - which are close to the $100 a barrel mark - continue to climb ahead of a busy election calendar. They added that the sharp rally in the equity markets during the last few months has made valuations costly. As a result, Jefferies expects the Indian markets to remain choppy in the near term.

The Highs, The Lows At Euro 2024

The Highs, The Lows At Euro 2024

Rediff.com16 Jul 2024

While the tournament saw the emergence of young stars, the usual suspects, the big names flattered to deceive.

Kolkata Firms Who Bought Electoral Bonds

Kolkata Firms Who Bought Electoral Bonds

Rediff.com25 Mar 2024

Trinamool Congress is the second highest recipient of political donations through electoral bonds.

Mistake to consider China as threat, enemy: Chinese defence minister

Mistake to consider China as threat, enemy: Chinese defence minister

Rediff.com12 Jun 2022

It will be a historic and strategic mistake to insist on taking China as a threat and adversary, or even an enemy, Chinese Defence Minister General Wei Fengh said on Sunday as he underlined that the China-United States relationship is at a critical and crucial juncture.

Sorry Mr Modi, Katchatheevu Isn't An Election Issue In Tamil Nadu

Sorry Mr Modi, Katchatheevu Isn't An Election Issue In Tamil Nadu

Rediff.com4 Apr 2024

Rulers in New Delhi and their political aides in sensitive states like Tamil Nadu have to be doubly careful not to provoke a situation whose consequences may be much more than visible now to the naked eye, notes N Sathiya Moorthy.