New Delhi, May 19 (IANS) The government has ensured that the price hike in petrol and diesel has been restricted to 4.4 per cent, the lowest among major economies, while that of domestic liquefied petroleum gas has remained constant, by reducing excise duty and asking the oil companies to absorb the losses due to the cost of imported crude soaring past $100 a barrel. Public sector oil companies have absorbed under-recoveries of Rs 24,500 crore on petrol and diesel to keep pump prices on hold, be…
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New Delhi, May 19 (IANS) Opposition leaders on Tuesday strongly criticised the Centre over the recent increase in petrol and diesel prices, accusing the government of “looting” the public through repeated fuel price revisions amid a global surge in crude oil rates. The reactions came after state-run oil marketing companies revised fuel prices for the second time in less than a week, following a sharp rise in international crude oil prices triggered by escalating tensions in the Gulf region and c…
Seoul, May 15 (IANS) Samsung Electronics’ largest labour union said on Friday it will proceed with a major strike planned for next week despite the company’s proposal to resume talks without preconditions.An official proposal was sent to the union earlier in the day, in what is seen as the management’s latest effort to avert a planned 18-day strike beginning next Thursday that could disrupt production at the world’s largest memory chipmaker.The union reaffirmed its position that it has no inte…
New Delhi, May 13 (IANS) The Gem and Jewellery Export Promotion Council (GJEPC) on Wednesday urged the government to hold consultations with industry stakeholders after the recent hike in gold import duty, saying that higher duties do not reduce imports but instead lead to a rise in prices and encourage smuggling.In a statement, the council said that increasing import duties on gold has historically failed to curb imports, even as gold prices have nearly doubled in recent years without a proport…
Mumbai, May 13 (IANS) Gold and silver prices on Wednesday witnessed a sharp surge of up to 8 per cent after the government more than doubled the import duty on precious metals.On the Multi Commodity Exchange (MCX), gold futures (June 5) advanced as much as 7.20 per cent or Rs 11,055 to touch an intraday high of Rs 1,64,497 per 10 grams as of 9:50 am.The yellow metal was trading at Rs 1,62,728, up 6 per cent or Rs 9,286 from the previous close. Earlier in the session, it had opened at Rs 1,54,851…
New Delhi, May 13 (IANS) In a formal letter addressed to Prime Minister Narendra Modi on Tuesday, the Leader of the Opposition in the Lok Sabha, Rahul Gandhi, expressed his dissent regarding the proceedings of the committee tasked with recommending the next Director of the Central Bureau of Investigation (CBI). The letter serves as a sharp critique of the current administrative handling of institutional appointments, with Gandhi alleging that the selection process has been reduced to a mere f…
New Delhi, May 12 (IANS) Amid the row over NEET-UG 2026 exam cancellation following alleged paper leak, prominent educator Anand Kumar on Tuesday urged the Central government to conduct a probe on the National Testing Agency (NTA) to know the “root” of such repeated instances.Anand Kumar, who was behind the iconic Super 30 initiative, termed the incident “unfortunate”.”Several days before the exam, the questions had reached the students in the form of a guess paper,” Anand Kumar told IANS.He not…
New Delhi, May 12 (IANS) The government on Tuesday said it has revised the release date of the provisional estimates (PE) of annual gross domestic product (GDP) and quarterly estimates of GDP for fourth quarter (Q4), from last working day of May to June 7 (or the previous working day if June 7 is a holiday) of every year.The revision forms part of the continued efforts of the Ministry towards improving the quality, coverage and robustness of data used in national accounts compilation and is also…
New Delhi, May 7 (IANS) The government on Thursday said the transition of trains to an upgraded passenger reservation system will begin in August, with Railway Minister Ashwini Vaishnaw directing officials to ensure a seamless shift without causing inconvenience to passengers.The announcement came during a review meeting held at Rail Bhawan, where the minister assessed preparedness for migrating from the existing 40-year-old reservation system to a modern, technology-driven platform.The current …
New Delhi, May 6 (IANS) The Office of the Principal Scientific Adviser to the Government signed a Memorandum of Understanding (MoU) with the Federation of Indian Chambers of Commerce and Industry (FICCI) on Wednesday at Kartavya Bhavan here to foster a robust ecosystem for research & development in the country by bridging the gap between industry, academia, and research institutions.The MoU aims to promote research, its translation, and commercialisation, foster strategic partnerships, and s…