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Latest News:

seized gold

7th tranche of Sovereign Gold Bonds opens on Feb 27

New Delhi: The government will launch the 7th tranche of Sovereign Gold Bonds on Monday under which people will be able to buy securities worth up to 500 grams of the metal.

This would be the last offering for the current fiscal.

"Government of India... Read More

Indian Oil, Paradip refinery, Investment

Indian Oil offers jet fuel for March export

Singapore:  Indian Oil Corp has offered up to 32,000 tonnes of aviation jet fuel for loading from Paradip in March in an unusual move, a tender document showed on Wednesday.

It has offered two cargoes of 15,000 to 16,000 tonnes each of jet fuel for ... Read More


Natural Gas price likely to be hiked

New Delhi: Natural gas price in India is likely to be hiked by 8 per cent from April 1 driven by an increase in rates in reference markets including the Henry Hub.

The price of natural gas, used for generating power and making fertilisers and petroch... Read More

Jewellers strike

Buying jewellery over Rs.2 lakh cash to attract 1% TCS from April 1

New Delhi: Cash purchases of jewellery will attract 1 per cent TCS (tax collected at source) from April 1 if the amount exceeds Rs 2 lakh, as against the current threshold of Rs 5 lakh.

Once the Finance Bill 2017 is passed, jewellery will be treated ... Read More

crude oil

Parliament panel for halving of crude oil cess at 10%

New Delhi: In order to make more practical and simpler to administer the cess, the Parliamentary Panel on Petroleum and Natural Gas has recommended the lowering of ad valorem rate of cess on crude oil in the range of 10 per cent from the existing 20 ... Read More


Govt mulls setting up scrap-based steel plants

New Delhi: The government today said it is planning to set up scrap-based steel plants in north and west parts of India to augment the country's production capacity.

"We are examining the feasibility of setting up scrap-based steel plants," Steel Min... Read More

power sector news 6 june

Fresh power capacity from clean sources only after 2023-24

New Delhi: New capacity additions could all come from renewable sources like solar, wind and hydro power, but that is only after 2023-24, subject to cost competitiveness and the grid's ability to handle clean energy, says a TERI report.

According to ... Read More


India’s oil demand plunges most in 13 years amid noteban

New Delhi: India’s monthly oil demand fell the most since May 2003 as the government’s crackdown on high-value currency notes continued to reverberate through the country’s $2 trillion economy. Fuel consumption fell 4.5 percent to 15... Read More


Government to put 300 mining leases on auction in FY’18

New Delhi: Government on Thursday said 2017-18 would be the most important year for the mining industry as leases of around 300 mineral blocks would be auctioned during the fiscal.

"In 2017-18 nearly 300 mining leases should be put on auction by diff... Read More

sakalmoney news

Government looks at creating oil giant to take on global rivals

New Delhi/Mumbai: Government plans to create a giant oil company by combining state-owned firms, finance minister Arun Jaitley said on Wednesday, as the world's third largest oil consumer looks to better compete with global majors in acquiring foreig... Read More