Fall in crude oil prices likely to continue:IEA warns

DBTL scheme to be relaunched in 54 districts today

The Modified Direct Benefit Transfer for LPG, DBTL, scheme will be relaunched in 54 districts tomorrow. In the DBTL scheme, LPG consumers in 54 districts of 11 states will be able to get cash subsidy to buy the cooking fuel at market price. The scheme will cover 2 crore 33 lakh households in first p...

J'khand to get Rs 2 lakhs 50,000 crores as revenue from coal: Piyush Goyal

Union Coal Minister Piyush Goyal has said that Jharkhand is expected to get two lakhs fifty thousands crores rupees as revenue from coal over next thirty years as royalty due to new policy adopted by the Union Government by which all the money from coal auctions would entirely be given to the respec...

HC quashes RBI communication on NBFC interest rate

The Madras High Court today said the RBI cannot wash off its hand of the responsibility of regulating interest rates charged by non-banking financial companies (NBFCs). Quashing a RBI communication, The Madurai Bench of the High Court asked the apex bank to look into the matter in terms of Fair Prac...

DBTL scheme to be relaunched in 54 districts tomorrow

The Modified Direct Benefit Transfer for LPG, DBTL, scheme will be relaunched in 54 districts tomorrow. In the DBTL scheme, LPG consumers in 54 districts of 11 states will be able to get cash subsidy to buy the cooking fuel at market price. The scheme will cover 2 crore 33 lakh households in first p...

India to become world's 2nd largest steel producer: Narendra Singh Tomar

Inflation slips to 5-year low of 1.77% in October

Continuing fall in food prices, including vegetables, pulled down wholesale price inflation to a 5-year low of 1.77 per cent in October. Wholesale price index, WPI, based inflation has now fallen for the fifth month in a row. Wholesale inflation had stood at 2.38 per cent in September this year, and...

Govt increases excise duty on petrol, diesel by Rs 1.50 a litre

Government has increased excise duty on petrol and diesel by 1 rupee and 50 paise a litre. However, the increase will not affect the retail price of petrol and diesel as oil companies offset the hike against an expected reduction on account of falling global oil rates. The duty hike will boost gover...

India, US make headway over food security issue at WTO

Commerce and Industry Minister Nirmala Sitharaman has said Indian and United States have successfully resolved their differences regarding the issue of public stock holding for food security purpose in the World Trade Organisation. Briefing media person in New Delhi, Mrs Sitharaman said that it will...

RBI to invite applications for setting up of small, payment banks

The Reserve Bank of India will invite applications for setting up of small and payment banks -- aimed to cater to small businesses and low income households -- by the end of this month after putting in place final norms in this regard. Governor Raghuram Rajan said this while addressing micro-financi...