Keeping in view the fuel needs of the power sector, the government said there was no other choice but to import coal and adopt a policy of blending the prices of domestic and imported coal. "If the coal requirements of the existing power plants and the power plants that will come into operation by March 31, 2015 are taken into account, there is no alternative except to import coal and...
03:41 PM, Feb 28, 2013
Railways on Tuesday hiked freight rates for moving diesel and cooking fuels by almost 8 per cent, a move that may result in marginal hike in retail fuel prices. ...
03:17 PM, Feb 26, 2013
In its countdown to Union Budget 2013, CNN-IBN met people across the country to get their views on what they want from the Finance Minister. Here is a voice from Kolkata. ...
09:24 AM, Feb 24, 2013
The countdown for the Monday evening launch of an Indian rocket that would sling into orbit the world's first smart phone-operated nano satellite and a space telescope satellite - and five others including an Indo-French satellite - is progressing smoothly, an official of the Indian space agency said. ...
03:40 AM, Feb 24, 2013
With a fuel price hike every other day a man in Jalandhar is dedicating himself in an effort to find an economical and ecological solution to fuel guzzling cars. Sumeet Aneja has come up with many attractive, viable and most importantly buy-able electric cars. ...
10:27 AM, Feb 20, 2013
Oil Minister M Veerappa Moily on Monday ruled out a rollback in the Rs 1.50 a litre hike in petrol and 45 paisa per litre increase in diesel rates saying only a small raise has been passed on to consumers. ...
07:20 PM, Feb 18, 2013
Politicians across the board have criticised the recent hike in fuel prices. Key UPA ally DMK on Saturday condemned the petrol price hike and demanded that government retain its control on pricing of petroleum products besides seeking a change in pricing policy. ...
03:04 PM, Feb 16, 2013
Slamming the hike in fuel prices, Tamil Nadu Chief Minister J Jayalalithaa on Friday said the move amounted to betraying the middle and lower classes and made a fresh demand for changing the fuel pricing policy. "Even before the ink had dried up after signing the hike in prices of diesel recently, the Centre is increasing the price of petrol by Rs 1.50 and diesel by 45 paise...it amounts to...
12:21 AM, Feb 16, 2013
The oil firms on Friday decided to increase fuel prices again. While the price of petrol will be increased by Rs 1.50 per litre, that of the diesel will be hiked by 45 paise per litre. The hike was expected this week as the oil firms were slated to begin to exercise the recently accorded freedom to adjust rates in step with cost. ...
06:49 PM, Feb 15, 2013
The AugustaWestland chopper deal got murkier with allegations of bribery now being levelled directly at the former Air Chief, SP Tyagi. ...
09:25 PM, Feb 13, 2013
Fearing oil refineries will be hit hard by the Finance Ministry's move to change the way petrol and diesel are priced, Oil Minister M Veerappa Moily has asked Prime Minister Manmohan Singh to constitute an expert committee to decide on the issue. The Finance Ministry has informed the Petroleum Ministry that auto fuel needs to be priced at export parity rather than import parity as the 2.5 per cent customs...
11:05 AM, Feb 03, 2013
Diesel prices set to go up monthly after the government decided to withdraw diesel subsidy. Oil companies say they will increase the price of diesel by 40 to 50 paise per litre every month. ...
02:22 PM, Feb 01, 2013
Iran has announced plans to install and operate advanced uranium enrichment machines, in what would be a technological leap allowing it to significantly speed up activity the West fears could be put to developing a nuclear weapon. ...
01:46 AM, Feb 01, 2013
In Gujarat, over 7000 state-owned buses of the GSRTC are now buying diesel at petrol stations instead of their own depot. The reason - the centre's price hike by Rs 12 per litre which has hit the already-loss-making bus service. ...
09:58 AM, Jan 30, 2013
Changes to diesel prices in India do not need parliamentary support and are viewed as an executive decision because oil companies are owned by the government, Finance Minister P Chidambaram said on Tuesday. Chidambaram made the comments at a media briefing after meeting investors in Hong Kong in a drive to try and boost capital flows into Asia's third-largest economy. ...
05:59 PM, Jan 22, 2013
Months after her party quit the Congress-led UPA government, West Bengal Chief Minister Mamata Banerjee on Saturday claimed she had wanted to remain in the government, but was forced to pull out as the Centre did not accede to her demands. ...
10:06 PM, Jan 19, 2013
The government's decision to deregulate diesel prices would marginally increase the monthly inflation in the short-run, but eventually would help to reduce fiscal deficit, FICCI said on Saturday. ...
05:22 PM, Jan 19, 2013
India's demand for diesel will stay buoyant despite its plan to hike the price of the fuel in small monthly steps, analysts and company officials said on Friday, and the country will keep up the pace of its exports of diesel. ...
12:59 AM, Jan 19, 2013
Describing the UPA government as an 'exploiter' of the poor, West Bengal Chief Minister Mamata Banerjee today attacked it on the latest diesel price hike. "This government is an exploiter of the poor people. It is very distressing that prices of diesel have been further increased," Mamata said. ...
05:15 PM, Jan 18, 2013
India's move to raise the price of subsidised diesel should help with its plans to sell shares in state companies including Oil India Ltd to help bridge the government's fiscal deficit and gives a boost to private oil refiners looking to enter the market for bulk diesel sales. ...
04:59 PM, Jan 18, 2013
