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Interim Budget 2019: Rs 25k-cr petroleum subsidies may be carried over

This comes even as it is under pressure to meet a challenging fiscal deficit target of no more than 3.3% of GDP for 2018-19

Cabinet clears Rs 22,594-crore plan for expansion of Numaligarh refinery

The Cabinet also decided to recapitalise the Exim Bank to the tune of Rs 6,000 crore and to double the authorised capital to Rs 20,000 crore

Data doesn't show jobs reality, says Railway Minister Piyush Goyal

The government is under attack from the Opposition for a slow rate of jobs growth.

Rs 37 extra for cylinder? Dealers misusing 'difficult terrain' levy

In November 2018, the commission of LPG distributors was fixed at Rs 50.58 per 14.2 kg cylinder and Rs 25.29 per 5 kg cylinder. The additional transportation charge is over and above this commission

HPCL, Mangalore Refinery merger may not happen this fiscal year

Industry experts are bullish about the possible synergy the merger can bring in for ONGC

Modi government may give freedom to PSUs to bring in private players

The move by the government to bring in private parties for the nomination blocks of state-run companies had raised protests among employees

Railways' high-speed plans on slow track as clearances come in the way

Railways launched Mission Raftaar in 2016-17 to increase the average speed of trains on existing tracks, but multiplicity of plans has come in the way of implementation

ONGC cautions against listing of Videsh arm, cites Mozambique asset trouble

The DIPAMhad been pushing for the listing of the ONGC arm to meet the divestment target of Rs 80,000 crore for the current financial year

Tax ghost of Rs 6,390 crore returns to trouble listing-ready IRFC

Railways has sought waiver from MCA, saying it may improve valuation of the company

Fuel price slide leads to confusion over margin maths of oil marketing cos

On Wednesday, prices of petrol touched a 15-month of Rs 68.65 a litre in Delhi, while diesel was seen at Rs 62.66 a litre

Opec rationing a cause of concern for India, says Dharmendra Pradhan

The oil cartel has decided to cut production by close to 1.2 million barrels per day (mbpd) following a drop in international crude oil prices in the last one month

World's largest refinery India plan likely to get delayed by three years

No land acquisition is underway at the site and the state has not issued any direction for acquiring land

You may have to pay more for petrol, diesel again due to Opec output cut

An increase of a dollar in oil prices on a permanent basis would increase the country's import bill by roughly $1.6 billion per annum

HPCL Q2 net profit down 37% at Rs 11 bn; merger with MRPL to happen in FY20

The company has decided to shut down all its refineries for a short duration to upgrade to BS-VI fuel norms

From Adani to Tata Steel, six companies to run own freight wagons

Earlier, there were schemes for private investment in special wagons and container train operators

Railways raises freight rates on key commodities by 8.75% to boost revenue

Rates applicable to coal, iron and steel, iron ore and raw materials for steel plants

Review payment terms to support weaker rupee: PM Modi to global oil majors

PM Modi also said even after a decade, oil and gas would be driving forces of the energy market

Speed of decision making not good for brand India: Robert Dudley, BP chief

He added that though there is a perception that India is challenged with oil and gas resources, it is blessed with a great market and whatever increased production will not be enough to fill it

Saudi Aramco set to invest heavily in Indian fuel retail, petrochem market

Saudi minister assures no supply shortage to India, believes conventional fuel will continue to dominate the energy sector

Govt's oil subsidy bill exceeds Rs 460 billion at end of September

Its 84 per cent higher than the budgeted estimate of Rs 250 billion for the whole financial year