Search Results for: oil prices

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Traders bank on business-friendly PM Modi for revival of diamond industry

Surat, June 05 (ANI): Traders in Gujarat pinned hopes on business-friendly Prime Minister Narendra Modi for revival of diamond industry. Diamond traders said that they were hopeful that their concerns of turnover taxes and relief packages for diamond workers will be addressed by the Modi-led government. Shortage of labour is affecting cutting and polishing jobs in Surat's diamond industry and the skyrocketing prices of raw diamonds is a key factor leading to thousands of workers moving away from the diamond industry to other businesses. Jun 5, 2014
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Gold in India drops in longest losing streak in nearly 7 months

Visakhapatnam, June 02 (ANI): Gold slid for a fifth straight session on Monday, in its longest losing streak since November, as investor sentiment was hurt by stronger global equities and weak physical demand in Asia. The 5-day fall is the metal's longest losing streak since October-November when it fell for seven straight days. On Monday, as gold prices fell, customers in Visakhapatnam made a beeline to jewellery shops. A customer, Deepti, was elated over the fall in the gold price and said that even the middle class can afford to buy the precious metal. Prime Minister Narendra Modi had said any action on gold should take into account the interests of the public and traders, not just economics and policy. Jun 2, 2014
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BJP Government hikes Diesel prices, Congress reacts

New Delhi, June 01 (ANI): Congress leaders on Sunday reacted over the hike of diesel prices by the new BJP government led by Prime Minister Narendra Modi. Diesel prices have been hiked by 50 paisa per litre all over the country which will be effective from Sunday midnight. Meem Afzal ironically referred to the promise of 'good days' by BJP government pointing out that BJP is acting just the opposite of what it used to say. Meanwhile, Rashid Alvi stated that BJP always used to make a hue and cry over prices of petrol and diesel and they themselves have hiked it within 5 days of governance. He added that this is a hint to people that BJP differs in its words and actions. Jun 1, 2014
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