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India’s crude oil production fell 2.67% in the year ended March 31 as the state-owned ONGC produced less than target, but natural gas production rose on the back of KG production per part of Reliance-BP. According to official data released by the Ministry of Petroleum. India’s crude oil production has declined in recent years. From …
Pension fund EPFO said on Wednesday that it added 14.12 lakh subscribers in February 2022, up 14% from the 12.37 lakh subscribers in the same month a year ago. “Preliminary EPFO payroll data released today shows that EPFO added 14.12 lakh net subscribers in February 2022,” the Department of Labor said in a statement. Data …
Fertilizer subsidies are expected to hit an all-time high of Rs 1.65 crore this fiscal year against the budget estimate of Rs 1.05 crore due to an unprecedented rise in the cost of raw materials and fertilizers in the world, according to a report. India’s fertilizer subsidies are expected to reach a record Rs 1,650 …
A quarter of India’s power generation capacity has been shut down, mainly due to fuel shortages. At a time when Idia’s electricity demand is growing at its fastest rate in decades, almost a quarter of all installed thermal, nuclear and hydroelectric capacity is being shut down. According to the monitoring report of the Central Electricity …
As the country recovers from the pandemic, the retail sector has resumed its growth trajectory and is projected to grow 10% annually and reach about $2 trillion by 2032, according to a report. According to a BCG-RAI report titled “Running Towards the Next Wave of Retail in India”, some segments of the industry, such as …
When Prime Minister Narendra Modi reported on rising fuel prices in many opposition-ruled states, including Rajasthan, Chief Minister Ashok Gehlot said on Wednesday that the prime minister “accidentally mentioned Jaipur instead of saying Bhopal” as gasoline and diesel cost more in BJP. ruled Madhya Pradesh. The Congress leader also said that the Rajasthan government has …
India has urged its states to increase coal imports over the next three years to build up supplies and meet demand, four sources told Reuters, a move that should benefit world fuel prices already high due to the war. in Ukraine. The decision to increase imports underscores the severity of India’s fuel crisis, as coal …
The Finance Department said on Wednesday that the center has already released eight months of GST allocation to states for the fiscal year ending March 2022 and that there are Rs 78,704 crore outstanding due to insufficient funds in the fund. In a statement, the ministry said that normally GST compensation is released for 10 …