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Comfort clue in number game Current account deficit shrinks

Sep 02, 2014 at 09:32 | Source: Calcutta Telegraph News

Mumbai, Sept. 1: The country’s current account deficit (CAD) narrowed sharply to 1.7 per cent of the gross domestic product (GDP) for the April-June quarter of this fiscal against 4.8 per cent of GDP a year ago. The data added to the cheer spre...

Cameron hails China links at talks with Li Keqiang

Sep 02, 2014 at 02:52 | Source: BBC

David Cameron has said the UK's relationship with China is gaining in strength, depth and understanding after talks with Premier Li Keqiang. The two discussed bilateral economic links and international issues on the second day of Mr Li's tr...

Russia and China launch gas pipeline

Sep 02, 2014 at 01:32 | Source: BBC

Russia and China have begun the construction of a new gas pipeline linking the countries, with a ceremony in the Siberian city of Yakutsk. China's CNPC has agreed to buy $400bn (£240bn) of gas from Russia's Gazprom. Russia will ship 38 bil...

RIL counts expansion gains

Sep 01, 2014 at 09:32 | Source: Calcutta Telegraph News

Mumbai, Aug. 31: Reliance Industries Ltd expects to save at least $1.5 billion in costs annually over the next two years as it looks to reap the benefits of its expansion plans in refining and petrochemicals. Analysts maintain that the huge capex and...

Kelkar gas rate logic

Aug 29, 2014 at 13:42 | Source: Calcutta Telegraph News

New Delhi, Aug. 28 (PTI): The government-appointed Kelkar Committee favours moving to market determined pricing of natural gas with rates being fixed at the highest possible level, even as a secretaries panel considers the extent of a price hike. In...

Papua New Guinea profile

Aug 29, 2014 at 13:42 | Source: BBC

Papua New Guinea occupies the eastern part of the world's second largest island and is prey to volcanic activity, earthquakes and tidal waves. Linguistically, it is the world's most diverse country, with more than 700 native tongues. Some 8...

Vijay Kelkar report recommends market-linked gas pricing to Modi government

Aug 28, 2014 at 17:47 | Source: Economic Times

NEW DELHI: As a secretaries panel considers the quantum of hike in natural gas price, government-appointed Kelkar Committee has advocated moving to market determined pricing with rates being fixed at the highest possible level. In a consultation pape...

Tapping bull run: Government to give a big divestment push and discounts to retail investors

Aug 26, 2014 at 08:52 | Source: Economic Times

NEW DELHI: The Narendra Modi government is set to give its divestment programme a big push next month along with plans to drum up interest in such stocks among retail investors as it looks to meet its record asset-sale revenue target for the fiscal y...

Why China's coal gas boom poses a major climate change risk

Aug 22, 2014 at 13:23 | Source: FirstPost

By Jack ChangHexigten: Deep in the hilly grasslands of remote Inner Mongolia, twin smoke stacks rise more than 200 feet into the sky, their steam and sulfur billowing over herds of sheep and cattle. Both day and night, the rumble of this power plant ...

RBI forecasts 5.5% growth for FY 15; but monsoons, geopolitics may play spoilsport

Aug 22, 2014 at 09:22 | Source: Economic Times

KOLKATA: The Reserve Bank of India (RBI) has said that the Indian economic growth is poised for a take-off amid signs of economic reforms, fiscal consolidation and projected improvement in investments. The central bank forecasts the gross domestic pr...

From CCTV to unexpected calls: Jumpy MPs know 'Bigg Boss' Modi is watching

Aug 22, 2014 at 08:35 | Source: FirstPost

Call it Gestapo or the prying big brother; call it whatever you will. But the fact is that Prime Minister Narendra Modi is walking his talk on a crusade against corruption, which he publicly reiterated in his Kargil rally on 12 August when he said: '...

From CCTV to unexpected calls: Beware netas, 'Bigg Boss' Modi is watching

Aug 22, 2014 at 07:41 | Source: FirstPost

Call it Gestapo or the prying big brother; call it whatever you will. But the fact is that Prime Minister Narendra Modi is walking his talk on a crusade against corruption, which he publicly reiterated in his Kargil rally on 12 August when he said: '...

RIL plants to use US feedstock

Aug 21, 2014 at 09:37 | Source: Calcutta Telegraph News

Mumbai, Aug. 20: Reliance Industries’ bet on shale gas exploration in the US is finally paying off. On Tuesday, RIL said it would start importing 1.5 million tonnes a year of ethane from the US from 2016 to feed its gas crackers in India. In a...

Nifty retreats from record high on profit taking

Aug 21, 2014 at 00:51 | Source: FirstPost

MUMBAI (Reuters) - The Nifty edged lower on Wednesday, unable to sustain a rally after hitting a third consecutive record high earlier in session as investors took profits in blue-chips such as Oil and Natural Gas Corp(ONGC.NS).The falls ended a six-...

Australia's Woodside sees first half profit surge

Aug 20, 2014 at 08:22 | Source: BBC

Australia's Woodside Petroleum has seen a 27% jump in first half profit, mainly driven by higher prices for its key product - liquefied natural gas (LNG). For the six months to June, net profit jumped to a record $1.1bn (£660m) from $873m one y...

Cairn holds out hope

Aug 19, 2014 at 05:52 | Source: Calcutta Telegraph News

New Delhi, Aug. 18: Cairn India’s prolific Rajasthan block holds significant natural gas reserves, estimated at 1-3 trillion cubic feet (tcf), over half of which can be produced, the company said today. The company has so far made 36 discoveri...

Andhra Pradesh CM N Chandrababu Naidu pitches for Silicon Corridor,'profitable' agriculture

Aug 15, 2014 at 18:22 | Source: Economic Times

KURNOOL: Andhra Pradesh Chief Minister N Chandrababu Naidu today said the government is chalking out plans to develop the state on lines of 'Silicon Valley' in USA besides making agriculture a profitable venture for farmers. Delivering the maiden ind...

Ukraine parliament approves bill to impose sanctions on Russia

Aug 14, 2014 at 18:39 | Source: FirstPost

Kiev: The Ukrainian parliament Thursday approved a bill that provides legal instruments for imposing sanctions on Russian companies and individuals over their alleged support for insurgents in the east of the country.The bill, which was backed by 242...

Is Obama's climate 'regime change' unstoppable?

Aug 13, 2014 at 09:27 | Source: BBC

It is not just about disappearing polar bears and disappearing ice caps, said Gina McCarthy, head of the US Environmental Protection Agency (EPA) as she outlined the heavily-trailed Clean Power Plan proposal. Cutting carbon emissions by a third by 2...

Assam Budget ups professional tax exemption limit by Rs 80,000

Aug 11, 2014 at 16:10 | Source: FirstPost

Guwahati: Giving a relief to small salaried persons, Assam Chief Minister Tarun Gogoi today raised the minimum exemption limit of professional tax by Rs 80,000 besides freeing chimney and kerosene lamp parts from VAT.Presenting the state Budget for 2...

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