Rakesh Kumar

Export levy up on transport fuel to increase domestic supply

The cess for petrol and ATF is Rs 6 per litre, while it is Rs 13 for diesel. In addition, a cess of Rs 23,250 per tonne has been imposed on crude produced domestically.

1 hour ago

India raises excise duty on fuel to curtail export by private fuel retailers

The decision seems to have been taken after private fuel retailers like Jio-BP and Nayara Energy reportedly exported oil to other countries, after acquiring cheap crude from Russia. 

21 hours ago

Government deregulates domestic crude oil market

The government on Wednesday deregulated the sale of domestically-produced crude oil, giving companies autonomy to sell their produce to whomever they want. 

30 Jun 2022

Mukesh Ambani steps down as director of Reliance Jio, son Akash Ambani takes over as chairman

The $217 billion company in a statement said its board approved on June 27, 2022, the appointment of Akash Ambani as Chairman of the Board.

29 Jun 2022

Government likely to mop up Rs 70,000 crore from 5G auction scheduled on July 26

Even analysts are of the view that telecom service providers -  Reliance Jio, Bharti Airtel and Vodafone Idea - are expected to buy spectrum worth Rs 71,000 crore in the upcoming auction.

24 Jun 2022

Relief for telecos as government cuts three per cent floor rate on spectrum usage ahead of 5G auction 

The move of the government is going to benefit telcos as it would reduce their future outflows towards these statutory fees.

23 Jun 2022

5G auctions begin on July 26; private networks get level-playing field

The Cabinet ignored the demand of telecom operators to reduce the base price of spectrum and not allow private enterprises to have their own 5G network.

16 Jun 2022

5G auction to increase telcos’ debt: Analysts

ICRA predicts participation in the auction to be about Rs 1.0-1.1L cr, in which upfront payment is likely to be Rs 10K cr

16 Jun 2022

CIL floats tender to import 2.41 million tonnes of coal

Govt had nominated CIL as centralised agency to augment coal supplies to state gencos and IPPs through import

10 Jun 2022

In a first, Coal India issues tender to import over 2 million tonnes of coal 

As the coal shortage continues to impact the thermal power plants, the power ministry asked the state gencos to import coal for blending purposes. 

09 Jun 2022

CIL has not raised output to required level: RK Singh

India’s largest coal producer Coal India (CIL) has not increased their production to the extent that was required, said power minister R K Singh on Tuesday. 

08 Jun 2022

Oil imports from Russia likely to go up by 20 per cent in June

Imports of Russian crude by India are likely to grow by 20% month-on-month to 1.05 million barrels per day (bpd) in June, as per the data compiled by commodity analysts Kpler. 

04 Jun 2022

Petroleum subsidy drops 91 per cent in FY22

Government introduced LPG subsidy with direct benefit transfer (DBTL) or PAHAL scheme on June 1, 2013

01 Jun 2022

Govt plans scheme on discoms dues

Power ministry claims the scheme will save Rs 19,833 cr on account of late payment surcharge

26 May 2022

Power plants compelled to buy coal at high prices: CCAI 

They are now resorted to drawing expensive power from the exchange while nearly idling their captive plants, consequently increasing electricity demand and tariffs further.

25 May 2022