The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 26.63 per barrel (bbl) on 26.01.2016. This was lower than the price of US$ 26.87 per bbl on previous publishing day of 22.01.2016. In rupee terms, the … Continue reading Crude oil price of Indian Basket was $26.63/bbl Jan 26
AMN / Jawaharlal Nehru Port Trust (JNPT) as a whole handled 4.48 million TEUs of container traffic during the calendar year 2015 as compared to 4.47 million TEUs handled during the previous year 2014 registering a growth of 0.10%. This is the highest ever container traffic handled in a calendar year since the inception … Continue reading JNPT handles highest ever container traffic
US stocks rose solidly yesterday behind higher oil prices and speculation that the Federal Reserve will conclude a meeting today with a dovish statement on future interest rate increases. The Dow Jones Industrial Average rose 282.01 points or 1.78 per cent to 16,167.23. The broad-based S&P 500 gained 26.55 points or 1.41 per cent at … Continue reading US stocks gain on higher oil, Federal speculation
Oil prices regained 32 dollar per barrel yesterday. Vague talk of a possible joint production cut with Russia and OPEC is causing rise in price, said CMC Markets analyst Jasper Lawler. Traders are also watching the dollar ahead of the U.S. Federal Reserve policy meeting that started yesterday. The strength of the dollar has pressured … Continue reading Oil rebounds back above $ 32
Government is planning to create coastal economic zones to boost manufacturing. It will be set up along the country’s 7,500 kilometer long coastline covering many states, ports and special economic zones. Government will provide host of incentives and facilities to investors uniformly across country, a senior official said. The official said, government is planning to … Continue reading Govt mulls coastal economic zones to boost manufacturing
AMN / All central ministries and public sector units will have to float e-tenders from April 1 for procuring goods and services above Rs 2 lakh . By this government aims to bring transparency in government purchases. At present, e-procurement is mandatory for purchases of 5 lakh rupees or more. Government procures goods, services and … Continue reading E-tender must from April 1 for govt purchases above Rs 2 lakh
AMN / Union Minister for Petroleum and Natural Gas Dharmendra Pradhan has said, the government is targeting to add 10 crore new LPG connections by December 2018 to the existing 16.5 crore connections. Mr. Pradhan was speaking in Mumbai after launching an online payment facility for refilling LPG cylinders, through which people can book the … Continue reading Govt launches online payment facility for LPG cylinders
State owned Oil and Natural Gas Corporation Limited, ONGC has got environmental clearance for a project in the Krishna-Godavari basin in Andhra Pradesh. This project of drilling 45 development wells and other related infrastructure will cost over 53,000 crore rupees. A senior Environment Ministry official told PTI, it is expected that the proposed project would … Continue reading ONGC gets environmental clearance for project in Krishna-Godavari basin
The 5-day annual summit of World Economic Forum (WEF) came to a close in Davos yesterday. World leaders expressed concerns about economic headwinds from China, geo-political risks arising from the refugee crisis in Europe and terror attacks in various parts of the world. With regard to India, the leaders at the World Economic Forum exuded … Continue reading WEF concludes in Davos with concern over economic slowdown
AMN / Continuing its efforts to deter counterfeiting activities, the Reserve Bank of India, RBI, will soon introduce new banknotes of 500 rupees and 100 rupees denominations with enhanced security features. In a statement, RBI said the 500 rupees denomination bank notes will be issued in Mahatma Gandhi Series-2005, with inset letter ‘E’ in both … Continue reading RBI to introduce new banknotes of Rs 500 and 100 denominations
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