Price

  • India caps prices of 36 more drugs: government source 3 days ago

    Mumbai: India has capped the prices of 36 drugs, including those used to treat infections and diabetes, in its latest move to make essential medicines more affordable, a senior official of the country's drug pricing authority said on Friday. The medicines join the 348 drugs deemed essential and that are therefore...
  • With eye on assembly polls, government considers 40-50 paise per litre cut in diesel price 5 days ago

    New Delhi: In a move that will put more money in your pockets, the Oil Ministry on Wednesday sought the Law Ministry's views on cutting diesel prices. The government is reportedly keen to cut diesel prices by 40 to 50 paise per litre. The Oil Ministry has asked the Law Ministry...
  • Inflation dips to 5-year low of 3.7 per cent 1 week ago

    New Delhi: Softening prices of food items, including vegetables, pulled down the WPI inflation to five-year low of 3.74 per cent in August, but it may not bring relief to the industry as the RBI is insisting that "there is no point in cutting interest rates" to see prices go...
  • August WPI inflation dips to 3.74 pc, lowest in 5 years 1 week ago

    New Delhi: Declining prices of vegetable and other food articles pulled down wholesale inflation sharply to 3.74 per cent in August to a nearly five-year low. The inflation measured on Wholesale Price Index (WPI) was at 5.19 per cent in July and 6.99 per cent in...
  • RBI Governor urges Centre to de-regulate diesel prices 1 week ago

    Mumbai:Even as the government is continuing with a phased de-regulation of diesel prices, RBI Governor Raghuram Rajan has urged the Centre to completely de-regulate diesel prices. Rajan on Monday said diesel price de-regulation is especially important in the wake of rising global crude oil prices. "De-regulation will empower state-owned oil firms...
  • Onion prices crashes in Karnataka, farmers gets just Rs 510 per kg September 13, 2014

    Bangalore: The price of onion has hit the bottom in Karnataka, the second largest onion growing state in India. The wholesale purchasing rate of the best onion (price the growers get) has gone down to Rs 15 per kg and other midlevel onions are being purchased from the farmers for...
  • Oil prices down in Asia after IEA demand downgrade September 12, 2014

    Singapore: Oil prices fell in Asia on Friday after the International Energy Agency slashed its forecast for world crude demand in 2014 and as dealers await key US economic data, analysts said. US benchmark West Texas Intermediate (WTI) for October delivery was down one cent to US dollar 92.82 while Brent...
  • India's love affair with gold may be over as prices slide September 12, 2014

    Vangal: Kiran Laxman Salunkhe used to buy jewellery during religious festivals, but sliding gold prices have led the young farmer to break with his family's traditional investment. This year Salunkhe has deposited his hardearned savings at the bank for the first time in a decade and bought farmland. "I bought jewellery when...
  • Diesel price may be cut for 1st time in 7 years; Petrol by Re 1 per litre September 9, 2014

    New Delhi: With Brent crude oil prices dipping below $100 per barrel, petrol prices may be cut by Re one a litre and there is also a likelihood of first reduction in diesel rates in seven years. Petrol and diesel rates are due for revision on September 15 and there...
  • Oil prices down after weak US jobs report September 8, 2014

    Singapore: Oil prices dipped in Asia on Monday as a disappointing US jobs report tempered sentiment about demand in the world's top crude consumer, analysts said. US benchmark West Texas Intermediate for October delivery eased one cent to US dollar 93.28 while Brent crude for October fell seven cents to...
  • Parkash Singh Badal wants review of minimum support price procedure September 7, 2014

    Chandigarh: Punjab Chief Minister Parkash Singh Badal on Sunday urged the central government to review the procedure for fixing the minimum support price (MSP) for crops to make it more remunerative and improve the viability of farming. Dwelling on the formula to be evolved for fixing the MSP, Badal said it...
  • Now get mobile recharge, travel tickets at Fair Price Shops September 7, 2014

    New Delhi: Delhiites can now recharge their mobile phones, DTH cards, book tickets and buy many other things at Fair Price Shops (FPS) in the city with the Delhi government liberalising the policy for sale of goods and services through these outlets for subsidised rations. In a bid to improve the...
  • Motorola launches the new Moto G, new Moto X smartphones and Moto 360 smartwatch in India September 5, 2014

    New Delhi: At simultaneous events in Chicago and New Delhi, Motorola which had made a successful comeback to the Indian market in partnership with online retailer Flipkart has announced its a new range of successors to its hotselling phones the Moto G and the Moto X. The 2nd generation Moto...
  • Gold dips below Rs 28,000level on weak global cues September 3, 2014

    New Delhi: Continuing its losing streak for the fourth straight day, gold prices dipped below the Rs 28,000level by falling Rs 70 to hit over twomonth low of Rs 27,950 per 10 grams in the national capital on Wednesday on sustained selling by stockists amid a weakening global trend. Silver also...
  • Sonia, Congress leaders attack Modi over price rise, communal tension September 1, 2014

    Rae Bareli/New Delhi: Sonia Gandhi on Monday led the Congress attack against Narendra Modi government and flagged the issue of price rise as her party slammed both the Prime Minister and BJP for "rise in communal tension" as NDA completes 100 days in power. "People will give a reply to whether...
  • Modi government failed to fulfil its poll promises in 100 days: Sitaram Yechury September 1, 2014

    New Delhi: On the completion of the Narendra Modi government's 100 days, senior CPM leader Sitaram Yechury said that the government did not present a blueprint for the first 100 days in the joint session of Parliament convened after general elections. Measuring performance against poll promises, the Left leader said...
  • Petrol price cut by Rs 1.82 per litre, diesel rate hiked by 50 paise August 30, 2014

    New Delhi: In a major relief for the common man, petrol prices will be cut by Rs 1.82 per litre from midnight tonight. The diesel price, however, has been hiked by 50 paise. This is the third reduction in fuel prices in the month of August. Prior to Independence Day, the...
  • People unhappy with Modi government's 100day report card: NCP August 30, 2014

    Nagpur: People are unhappy with the performance of Narendra Modi government at the Centre during its first 100 days as it has failed to keep its promises on rising prices and inflation, the National Congress Party said on Saturday. "People are not at all happy with the BJP government at the...
  • Secretaries panel to review gas price formula August 22, 2014

    New Delhi: Nearly two months after it put off a steep gas price revision, the government has constituted a fourmember committee of secretaries to hold consultations with stakeholders before deciding on the quantum of hike. "The committee will comprise secretaries of power, fertilizer and expenditure while additional secretary in the oil...
  • Small sugar recovers on mild offtake August 22, 2014

    Mumbai: Small sugar prices recovered marginally at the Vashi wholesale market on Friday on modest offtake from stockist and bulk consumers. Meanwhile, medium sugar fell owing to subdued demand from stockists and retailers amidst ample supplies. Small sugar (S30) moved up Rs 2 per quintal to Rs 3,074/3,190 from Thursday's closing level...
  • Centre cuts minimum export price of onion to USD 350 per tonne August 20, 2014

    New Delhi: The government on Wednesday reduced the minimum export price (MEP) of onion to USD 350 per tonne following improvement in domestic supply situation and softening of prices. In June this year, the MEP on onion was reintroduced at USD 300 per tonne which was further raised to USD 500...
  • Inflation at 5 month low of 5.19 per cent in July August 14, 2014

    New Delhi: Inflation dipped to a five month low of 5.19 per cent in July mainly on account of decline in prices of some food articles, vegetables and protein rich items. It was at 5.43 per cent last month and 5.84 per cent in July 2013. Inflation in the overall food articles...
  • Petrol to be cheaper by Rs 1.892.38 this Independence Day August 13, 2014

    New Delhi: Petrol prices will be slashed down by Rs 1.892.38 from the midnight of August 14/15, said Oil Minister Dharmendra Pradhan on Wednesday. This will be the second reduction in rates this month. The previous government had in June 2010 freed petrol prices and since then rates have moved...
  • Government to announce new gas price formula by September end August 13, 2014

    New Delhi: Government will by September end announce a new gas price formula keeping the interest of investors as well as consumers in mind, Oil Minister Dharmendra Pradhan said on Wednesday. Pradhan, however, said no committee has been constituted to suggest an alternative to the Rangarajan formula approved by the previous...
  • Petrol price likely to be cut on Independence Day August 12, 2014

    New Delhi: Petrol price is likely to be cut on Friday on the back of softening in international rates, Indian Oil Corp, the nation's largest fuel retailer, indicated on Tuesday. "Petrol is a decontrolled product and prices increase or decrease depending on input cost every fortnight. We had cut rates...
  • July retail inflation accelerates to 7.96 per cent August 12, 2014

    New Delhi: Consumer price inflation accelerated to a twomonth high of 7.96 per cent in July, driven up by surging prices for vegetables, fruit and milk, government data showed on Tuesday. A Reuters poll had forecast the consumer price inflation rate would edge up to 7.4 percent from 7.31 percent in...
  • RBI to unveil credit policy review, interest rate may remain unchanged August 5, 2014

    The Reserve Bank of India will come out with its credit policy review on Tuesday. It is likely to maintain status quo on interest rate in its bimonthly monetary policy review. The central bank may prepare ground for an easier rate regime by introducing some liquidity enhancing measures. In spite...
  • Jaya asks Modi to put an end to monthly increase in fuel price July 31, 2014

    Chennai: Tamil Nadu Chief Minister J Jayalalithaa on Thursday requested Prime Minister Narendra Modi to put a "full stop" to the monthly increase in diesel price by oil marketing companies introduced during the previous UPA regime. Seeking rollback of Thursday's increase in diesel price by 56 paise per litre, Jayalalithaa...
  • Petrol price cut by Rs 1.09 per litre, diesel hiked by 50 paise per litre July 31, 2014

    New Delhi: Oil companies have cut petrol prices by Rs 1.09 per litre with effect from midnight tonight. However, diesel prices have been hiked by 50 paise per litre. Petrol price was reduced following drop in international oil rates and rupee depreciation against US dollar, making imports cheaper. For the...
  • Tomatoes are for the rich, NDA must not be cornered for price rise: BJP MP July 30, 2014

    New Delhi: In an embarrassment for the Bharatiya Janata Party, its Rajya Sabha MP Prabhat Jha on Sunday downplayed the sudden spurt in tomato prices and said that only the wealthy eat tomatoes. Jha said, "Tamatar jinke gaal laal hote hai, jo paise waale hote hai, woh khate hai. Lekin uske...