Oil prices climbed sharply on Monday after a drone attack near a nuclear power plant in the UAE heightened fears of fresh hostilities in West Asia. At 7:20 am, the…
Category: Economy
Centre plans special FASTags for toll-exempt vehicles under AI highway tolling
NEW DELHI: The Centre is developing a separate category of FASTags for toll-exempt vehicles as part of its nationwide rollout of barrier-free highway tolling under the Multi-Lane Free Flow (MLFF)…
Online compliance to speed up environmental clearance for industrial expansion
NEW DELHI: The government has digitised the compliance process for environmental clearances linked to industrial expansion, in a move aimed at easing regulatory burdens and accelerating project approvals, said two…
US Federal Reserve names Jerome Powell interim chief amid leadership transition: ‘Action consistent with past practice’
Jerome Powell will serve as interim chair of the US Federal Reserve’s Board of Governors until his successor, Kevin Warsh, is formally sworn in, they announced on Friday, local time.…
The week in charts: PM Modi’s austerity call, MSP hike, sugar export ban
From Prime Minister Narendra Modi urging austerity measures as the West Asia war inflated India’s import bills, to the Centre raising minimum support prices for key kharif crops to ensure…
Govt imposes export duty on petrol, cuts levy on diesel, jet fuel exports
New Delhi: The Union finance ministry on Friday imposed an export duty on petrol of ₹3 per litre, showed a notification from the department of revenue. However, it lowered the…
Fuel supply delays hit BPCL, HPCL outlets amid panic buying fears
New Delhi: Petrol pump dealers across several states said state-run fuel retailers Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL) are supplying lower-than-ordered quantities of petrol and…
India’s April trade deficit widens to $28.38 billion
India’s merchandise trade deficit widened in April. The gap between merchandise imports and exports was $28.38 billion last month, according to provisional estimates released by the ministry of commerce and…
Days after state polls, OMCs raise petrol, diesel prices by ₹3 a litre
New Delhi: After over two years of putting prices on hold, state-run oil marketing companies (OMCs) on Friday raised prices of petrol and diesel around ₹3 and a litre. The…
Donald Trump meeting with Xi Jinping in China steadies oil markets amid fresh Gulf attacks
New Delhi: Global oil markets remained relatively calm on Thursday as US President Donald Trump and Chinese President Xi Jinping amid expectations of a diplomatic breakthrough in the West Asia…