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OMCs losing rRs.r700 per LPG cylinder despite latest price hike, says Centre

New Delhi, June 7 -- The Centre on Sunday justified the latest increase in domestic liquefied petroleum gas (LPG) prices, saying state-run oil marketing companies continue to incur losses of around Rs... Read More


May GST collections up 3% to rRs.r1.94 lakh crore

New Delhi, June 2 -- The gross Goods and Services Tax (GST) revenue in May rose 3.2% year-on-year to Rs.1.94 lakh crore from Rs.1.88 lakh crore in the same month last year. The base period, however, i... Read More


Finance ministry flags inflation risks, calls for sustained vigilance

New Delhi, May 31 -- The Union finance ministry has flagged risks to the inflation outlook, citing recent fuel price hikes, global energy price volatility, rupee depreciation, the prospect of a below-... Read More


Govt exempts import duty on cotton till October

New Delhi, May 31 -- The government on Saturday exempted customs duty on cotton imports to ensure adequate availability of the raw material at competitive rates for domestic textiles industries for fi... Read More


Govt exempts cotton import duty for five months till October 30

New Delhi, May 30 -- The Centre on Saturday exempted customs duty on cotton imports to ensure adequate availability of the raw material at competitive rates to domestic textiles industries for five mo... Read More


Govt considers royalty on natural gas flared by producers

New Delhi, May 27 -- The central government is considering recovering royalties on natural gas that oil and gas producers flare from domestic fields, amid concerns that fuel equivalent to more than 80... Read More


Government imposes curbs on import of silver, moves it to 'restricted' category

New Delhi, May 17 -- The government on Saturday made its authorisation necessary to import silver by shifting the metal from the "free" to the "restricted" category after imports surged 157.16% on an ... Read More


Govt clears rRs.r37,500 crore coal gasification scheme

New Delhi, May 14 -- The Union cabinet on Wednesday approved a Rs.37,500 crore coal gasification scheme that aims to convert India's vast coal and lignite reserves into synthesis gas for use as fuel a... Read More


Centre weighs fuel price hikes, WFH mandates

New Delhi, May 12 -- The petroleum ministry on Monday said it is working on austerity measures to conserve energy, suggesting that an increase in retail prices of petrol and diesel may be in the offin... Read More


India, Canada conclude second round of free trade talks in Delhi, next talks in July

New Delhi, May 8 -- Union commerce minister Piyush Goyal is likely to visit Canada on May 25 to strengthen bilateral trade and investment ties, as India and Canada on Friday concluded the second round... Read More