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Hike of freight rates won't affect price of essential commodities, says Suresh Prabhu

Feb 26, 2015

Hike of freight rates won't affect price of essential commodities, says Suresh Prabhu

Defending the hike in freight rates that would rake in Rs 4,000 crore more, Railway MinisterSuresh Prabhu on Thursday said it would have minimal impact on the transportation of commodities and would not affect the prices of essential items like foodgrains, fertilisers and urea. #TheySaidIt #Railway #Freight #Essential commodities #Budget2015 #RailBudget2015
India likely to keep lead over China in gold consumption, says WGC

Feb 12, 2015

India likely to keep lead over China in gold consumption, says WGC

Demand dipped in both countries in 2014 from record levels a year earlier, but Indian demand slid only 14 percent, compared with a much steeper 38 percent fall in China. #Economy #India #China #Gold #NewsTracker #Commodity #World Gold Council
Oil drops below $49 after ECB announces bond buying

Jan 22, 2015

Oil drops below $49 after ECB announces bond buying

Brent crude futures traded at $48.85 a barrel by 1415 GMT, down 18 cents. US crude was down 48 cents at $47.30. Earlier in the session, Brent had reached a high of $50.45, up $1.42. #Economy #NewsTracker #Commodity #European Central Bank. Brent crude #Petromatrix #Energy Information Administration