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Fertiliser Ministry seeks to double subsidy from Rs 1.71 lakh crore budgeted for FY27 as Iran war hits costsWith rising prices of imported soil nutrients stemming from ongoing conflicts in West Asia, the fertiliser ministry is pushing for a substa...- India shaping global thinking on digital finance: PK MishraIndia is leading global digital finance discussions. Its digital public infrastructure is being studied worldwide. The Unified Payments Int...
- Prime Minister’s Office divides work into 15 verticalsThe cells or verticals will report either to principal secretary to PM, PK Mishra, National Security Advisor Ajit Doval, principal advisor ...
- Hundreds of NBFCs face closure threat on tighter rating normsIn 2014, RBI had said that one of the primary regulatory requirements for accepting public deposits is to obtain a minimum investment grade...
- BJP government complicit in its silence: Congress on anti-PK protestsFormer Union Minister Manish Tewari said the attack on PK "assaults" the freedom of speech and expression.
- Government to stop gas supply to Deepak FertilizerThe Fertiliser Ministry last week wrote to the Oil Ministry seeking immediate stoppage of 0.5 million standard cubic meters per day of gas ...
- Waiting for a response from Election Commission on diesel price hike issue: PK Goyal, IOC"The ministry has taken up with the issue with EC and the response of the commission is pending. We are waiting for the commission’s statem...
- Strength in rupee helps in curbing of losses on diesel sales: PK Goyal, IOC"A one rupee appreciation reduces your under-recovery by roughly 78 paisa as far as diesel prices are concerned."
- Inter-ministerial panel may not recommend hike in P&K fertiliser subsidyThe panel, set up for the implementation of nutrient-based subsidy, met recently and the majority view was to maintain it at the current le...
- Have reduced borrowings from Rs 80,000 cr to Rs 70,000 cr: PK Goyal, IOC'It is definitely affecting the working capital because a deprecation of Re 1 impacts roughly Rs 5000 crore on the crude bill in a year'
- Depreciation of Re 1 costs us Rs 5000 crore a year: PK Goyal, IOCTotal industry under recovery is Rs 25,000 crore, out of which our share is Rs 13,400 crore
- There is under-recovery of Rs 2.90 per litre on diesel: PK Goyal, IOCThe under-recovery for diesel is Rs 2.90 per litre. Therefore, if the prices remain the same, we will be able to get even within 5-6 months.
- Petrol & diesel prices reviewed on fortnightly basis: PK Goyal, IOC"We are not ruling out the price increase, but we will take a decision at an appropriate time."
- Subsidy of Rs 65000 crore in Budget is postive for the oil sector: PK Goel, IOCIn an interview with ET Now, PK Goel, IOC, talks about the fuel price hike and the impact on the company. He also gives his thoughts on the...
- Proposal to stop KG-D6 gas to P&K fertiliser plants on hold: GovtThe proposal to stop gas to Deepak Fertilisers, Gujarat State Fertiliser Corporation and RCF has also been kept on hold, he added.
- Under recoveries are increasing day by day: IOCIn an interview with ET Now, PK Goyal, Director-Finance, IOC, talks about the oil sector. Excerpts:
- Farmers fear fertiliser prices may go up if gas supply is cutNatural gas output from RIL's D6 fields would sharply drop to 27.60 mscmd from April, squeezing the domestic gas supply.
- Fertiliser Ministry opposes proposal to cut cheap gas to P&K plantsThe Fertiliser Ministry has opposed the Petroleum Ministry's proposal to cut supply of cheap natural gas to potassic and phosphatic (P&K) f...
- Actively considering hiking petrol prices soon: PK Goyal, IOCNo for other products, we have requested Government of India either to increase the prices or it should be suitably compensated to us.
- IOC not looking to cut product prices: Director FinanceIn a chat with ET Now, PK Goyal, Director Finance, IOC, shares his views on company's performance.
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