The Department of Promotion of Investment and Internal Trade (DPIIT) may soon issue a clarification that the BPCL under new private sector owners would be free to bring in foreign direct investments (FDIs) to the tune of the entire 100 per cent equity of the company without conditions.
Options being explored to further sweeten BPCL privatisation deal
Sun, Jun 6 2021 8:33 IST |
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Patna: Bihar Health Minister Tej Pratap Yadav s petrol pump that was sealed by the Bharat Petroleum Corp Ltd (BPCL) in Patna on July 21, 2017. The move comes a day after the BPCL terminated the licence of the petrol pump on allegations that the minis. Image Source: IANS News
New Delhi, June 6 : The Central government proposes to further sugarcoat the BPCL strategic sale deal for the interested investors by giving few more clarifications through a new set of frequently asked questions (FAQ).
Sources said that the Department of Promotion of Investment and Internal Trade (DPIIT) may soon issue a clarification that the BPCL under new private sector owners would be free to bring in foreign direct investments (FDIs) to the tune of the entire 100 per cent equity of the company without conditions.
India may continue to pursue investment opportunity in the Farzad-B gas field in Iran, even though ONGC Videsh Ltd (OVL) lost the development rights of the block that it discovered over a decade ago to local firm Petropars Group, highly placed .
Govt ready for another cut in import duty on steel to tame prices
By
Subhash Narayan ( IANS) |
Published on
Tue, May 11 2021 14:42 IST |
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Steel Industry.. Image Source: IANS News
New Delhi, May 11 : The government has proposed to slash import duties on steel items further bringing it to zero or near zero levels to provide relief to MSMEs, which have been hit hard by the high cost of raw materials amidst the raging pandemic.
Top government sources said that a decision had been taken to review duties on steel products and reduce it or withdraw it completely on few items to help the user industry hit hard by rising price of the metal in the domestic market.
Brace for hike in petrol, diesel prices post elections
Wed, Apr 21 2021 17:12 IST |
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Petrol. . Image Source: IANS News
New Delhi, Apr. April 21 : Petrol and diesel prices may increase soon at the end of the ongoing Assembly elections with oil companies looking to raise the retail price of the two auto fuels between Rs 2 and Rs 3 per litre in phases and make up for the losses they incurred by keeping the prices at artificially low levels in the run up to the local elections.
Government sources said that oil companies are making losses to the tune of Rs 3 and Rs 2 per litre on sale of petrol and diesel, respectively, due to rise in global crude prices that also impacted the international product prices.