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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 | 5 Views 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 t...
Brace for hike in petrol, diesel prices post elections Wed, Apr 21 2021 17:12 IST | 3 Views 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...
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.
Govt may ask states to set up AMC/ARC for PSE asset monetisation Fri, Apr 16 2021 12:06 IST | 3 Views Govt may ask states to set up AMC/ARC for PSE asset monetisation. Image Source: IANS News New Delhi, April 16 : The Centre proposes to prod states to initiate asset monetisation of state public sector enterprises (PSEs) by setting up specialised asset management (AMC) and asset reconstruction companies (ARC). The idea is to expand the scope of government's asset monetisation exercise and enable state entities to unlock value for the next round of the investment that will help ge...