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Iran is offering to insure oil cargoes to India after some local insurers stopped providing the service in the face of impending US sanctions, industry sources said, a move that would help Tehran continue supplying its second biggest oil client.

OMCs to complete USD 10 bn overseas borrowing in one year: Fin Min

Till now OMCs were not allowed to raise ECB for working capital needs on a long-term basis.

4 Oct 2018 6:28 PM IST

The Cabinet on Wednesday approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.

Gujarat, Maharashtra govts cut petrol, diesel prices by Rs 2.50 a...

The announcement was made by the respective cheif ministers of the states.

4 Oct 2018 5:32 PM IST

Union minister Nitin Gadkari said development work worth Rs 5 lakh crore would be started in Maharashtra. (Phptp: Debasish Dey)

Country facing 'economic crisis' due to crude oil imports: Gadkari

Rising international oil prices are inflating domestic transport fuel costs in a strong demand environment.

4 Oct 2018 4:23 PM IST

Finance Minister Arun Jaitley clarified confusions posed due to allegations on the Rafale aircraft deal saying the government has maintained complete transparency in the matter and the negotiations have helped bring down the costs of the fighter jets. (Photo: ANI)

Petrol, diesel prices cut by Rs 2.50 after excise reduction; oil cos...

Excise duty cut would have an impact of Rs 10,500 crore on central government's tax revenues.

4 Oct 2018 3:49 PM IST

The Commerce Ministry has given time till April next year to Directorate of Revenue Intelligence (DRI) and governments of Maharashtra and Tamil Nadu to complete the exports process of Red Sanders wood.

Commerce Ministry sets deadline to complete export process of red...

It is a valued item in traditional medicines and woodcraft across China, Myanmar, Japan and East Asia.

4 Oct 2018 2:47 PM IST

The price of petrol in Delhi climbed to Rs 75.71 per litre from Rs 75.55 and diesel to Rs 67.50 a litre from Rs 67.38.

Oil Minister meets Arun Jaitley as fuel prices touch new high

Petrol prices were on Thursday hiked by 15 paise a litre and diesel by 20 paise.

4 Oct 2018 1:56 PM IST

The use of taxibots will help in cutting carbon dioxide emission at the IGI airport drastically. Usually, 800 kg of carbon dioxide is emitted for every 15 minutes of taxing, according to a KSU spokesperson.

Soon, travellers can use facial recognition biometric to enter...

Suresh Prabhu said the initiative would be "forward-looking and futuristic" and would be launched soon.

4 Oct 2018 1:19 PM IST

The rise in input prices could not have come at a worse time for farmers, already grappling with falling domestic product prices due to rising yields and abundant harvests. (Photo: ANI)

Deepening farmers' crisis could hurt Modi's re-election bid in 2019

Thousands of farmers marched to New Delhi on Tuesday to demand better prices for their produce.

4 Oct 2018 1:10 PM IST

Interestingly, the CBDT chiefs move to make officers comply by seeking a compliance report every three months gives room for hope for justice for the taxpayer.

Gross direct tax collection grows 16.7 pc to Rs 5.47 lakh crore in...

The Central Board of Direct Taxes has collected Rs 2.10 lakh crore as advance tax.

4 Oct 2018 12:39 PM IST

Rupee on Monday made a strong comeback from its life-time low of 70.15 against the dollar and ended with a stellar 33 paise gain at 69.82 on heavy dollar unwinding and a robust rally in domestic equities. (Representational image)

Govt may resort to tested tool of NRI deposits

The measures announced by the government to control rupee depreciation haven't worked as desired.

4 Oct 2018 8:47 AM IST

Railway Minister Suresh Prabhu (Photo: PTI)

Suresh Prabhu to head panel on rupee

The trade deficit was at a five-year high of $18.02 billion in July. It came down to $17.4 billion in August.

4 Oct 2018 12:56 AM IST

India, which is worlds second-biggest wheat producer, is looking to hinder wheat imports at a time when farmers are harvesting their crops.

Cabinet hikes wheat MSP by Rs 105 per quintal for 2018-19

Government announced 6 per cent hike in support price of wheat at Rs 1,840 per quintal.

3 Oct 2018 7:31 PM IST