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ONGC Q2 net profit dips 11% on sharp fall in global oil prices

Nov 06, 2015

ONGC Q2 net profit dips 11% on sharp fall in global oil prices

Net profit in the July-September quarter at Rs 4,842.02 crore was 11 percent lower than Rs 5,444.89 crore clocked in the same period of last fiscal, the firm said in a statement. #Economy #Business #crude oil #ONGC #EarningsShow #Krishna Godavari Basin #Fuel Subsidy
ONGC Q1 net profits jumps 14% to Rs 5,460 cr on lower fuel subsidy

Aug 13, 2015

ONGC Q1 net profits jumps 14% to Rs 5,460 cr on lower fuel subsidy

Net profit in April-June period at Rs 5,460 crore was up 14.2 percent from Rs 4,782 crore in the year ago quarter. #Business #ONGC #EarningsShow #Fuel Subsidy #DK Sarraf
 ONGC, OIL free from subsidy if average oil price is $60/barrel

May 22, 2015

ONGC, OIL free from subsidy if average oil price is $60/barrel

The difference between the cost and the retail selling price is borne by the government by way of cash subsidy and upstream producers like ONGC and Oil India. #Economy #NewsTracker #ONGC #GAIL #LPG #Kerosene #Oil India #Fuel Subsidy #Dinesh K Sarraf #Ratan Watal
Finance ministry sanctions Rs 5,223 cr fuel subsidy for IOC, BPCL

May 22, 2015

Finance ministry sanctions Rs 5,223 cr fuel subsidy for IOC, BPCL

The fuel retailers had lost a total of Rs 72,314 crore on selling diesel (up to 17 October), LPG and kerosene at government rates, which were way below cost in 2014-15. #finance ministry #NewsTracker #ONGC #Indian Oil #LPG #Diesel #Kerosene #Hindustan Petroleum #Bharat Petroleum #Oil India #Fuel Subsidy
Govt may exempt ONGC, OIL from payment of fuel subsidy in Q4

Mar 27, 2015

Govt may exempt ONGC, OIL from payment of fuel subsidy in Q4

The difference between the cost and the retail selling price is borne by the government by way of cash subsidy and upstream producers like ONGC. #Economy #NewsTracker #Oil Ministry #ONGC #GAIL #Oil India #Dharmendra Pradhan #Fuel Subsidy #Urja Sangam
Govt seeks Parliament nod for additional Rs 36,953 cr spending

Mar 09, 2015

Govt seeks Parliament nod for additional Rs 36,953 cr spending

The second batch of Supplementary Demands for Grants 2014-15 was tabled in Parliament today by Finance Minister Arun Jaitley. #Economy #NewsTracker #Arun Jaitley #Ministry of Finance #Fuel Subsidy #Central Sales Tax
Tax math, disinvestments will make or break Arun Jaitley's Budget 2015

Feb 28, 2015

Tax math, disinvestments will make or break Arun Jaitley's Budget 2015

Evaluating the budget is always a tricky job and ideally one should score the earlier budget based on realization versus budgeted numbers. #Economy #GDP #Disinvestment #Food Security Act #Economic Survey #Gaar #Fuel Subsidy #Jan Dhan #Defence expenditure
Budget 2015: Food and fuel subsidy bill may be cut by 20%

Feb 20, 2015

Budget 2015: Food and fuel subsidy bill may be cut by 20%

India may slash its food and fuel subsidy bill by 20 percent, or about $8 billion, in the annual budget to be presented next week, two government sources said. #Finance minister #Arun Jaitley #Food subsidy #Fuel Subsidy #budget 2015 #Budget2015 #Common Man Budget 2015 #Finance Budget 2015
Budget 2015: Three graphics that explain FM Jaitley's task on deficits

Feb 19, 2015

Budget 2015: Three graphics that explain FM Jaitley's task on deficits

A higher fiscal deficit means the government will borrow more from the market through issuance of government securities. #Economy #P. Chidambaram #fiscal deficit #Arun Jaitley #Fuel Subsidy #Revenue Deficit #Budget2015 #primary deficit #Finance Budget 2015