Search Results for: oil prices

Low production, high export demand ups prices of cumin

Rajkot, Jan 19 (ANI): Prices of spice cumin have shot up due to less production and high demand in foreign countries, merchants in Gujarat said. Merchants predict a further hike in cumin prices in the coming days as they foresee a sharp drop in production. They said the prices could increase by another 10 percent. The crop was severely affected due to scant rainfall in the western belt of the country. The increase in demand of Indian spice in countries like US, UK and Singapore also led to rise in prices. While consumers are net losers who are forced to pay much higher prices, farmers are happy that the low production has been offset by good prices. Jan 19, 2015
World Bank President Jim Young Kim and India's Prime Minister Narendra Modi

Govt Adjusts Disinvestment Plan: IOC Stake Sale Possible

The government is likely to bring IndianOil stake to the disinvestment table, as continued uncertainty over policy affecting Coal India and ONGC would prove an impediment to its plans, even as it struggles to limit itself to the 4.1% fiscal deficit. Jan 17, 2015

PM Modi says committed to meeting budget deficit goal

New Delhi, Jan 17 (ANI): Prime Minister Narendra Modi has said that he is committed to meeting this year's budget deficit target, welcoming a cut in interest rates by the Reserve Bank of India (RBI) on the back of falling inflation. In a speech, Modi said his government would cut wasteful spending, streamline the payment of welfare benefits and raise investment in roads and railways to boost economic growth in Asia's third-largest economy. Modi's comments signalled his assent to RBI Governor Raghuram Rajan's call for "sustained high quality fiscal consolidation" as a condition for further monetary easing after a surprise quarter-point cut on Thursday. The 64-year-old prime minister said it would be difficult to revive economic growth but promised to deliver incremental reforms. Jan 17, 2015
petrol-price-cut-by-rs-2-42-per-litre-and-diesel-by-rs-2-25-a-litre

Petrol price cut by Rs 2.42 per litre and diesel by Rs 2.25 a litre

New Delhi, Jan 16 (ANI): Oil marketing companies on Friday cut petrol prices by Rs 2.42 while it cut diesel price by Rs 2.25 per litre. Meanwhile, the government raised the excise duties on petrol and diesel by Rs 2 a litre. Retail pump rates will remain unchanged as the increase in excise duty neutralises the cut in petrol and diesel prices warranted from crude oil price slumping to about USD 46 per barrel. The increase, the fourth since Prime Minister Narendra Modi lifted diesel price controls in October' seeks to cash in on lower world oil prices to bolster strained government finances without stoking inflation. The Finance Ministry notification said the excise duty hike will be effective from midnight tonight. Jan 16, 2015
Prev 497 498 499 500 501 502 503 504 505 506 Next