Archive for March, 2014

Global crude oil price of Indian Basket increases to 105.30 per bbl on 28.3.2014

Comments Off | 03-31-2014

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas went up to US$ 105.30 per barrel (bbl) on 28.03.2014. This was higher than the price of US$ 104.90 per bbl on previous trading day of 27.03.2014
In rupee terms

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India’s External Debt at End-December 2013 Stood At US$ 426.0 Billion, Recording An Increase of US$ 21.1 Billion ( 5.2 per cent) Over the Level at End-March 2013

Comments Off | 03-30-2014

Department of Economic Affairs, Ministry of Finance, Government of India has been compiling and releasing quarterly statistics on India’s External Debt for the quarters ending September and December every year. Now statistics relating to India’s External Debt at end-December 2013 have been released.
At end-December 2013, India’s total external debt stock stood at US$ 426.0 billion,

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Global crude oil price of Indian Basket increases marginally to 104.90 per bbl on 27.3.2014

Comments Off | 03-30-2014

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas went up to US$ 104.90 per barrel (bbl) on 27.03.2014. This was higher than the price of US$ 104.81 per bbl on previous trading day of 26.03.2014
In rupee terms,

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CCI imposes a fine of Rs. 1 Crore upon Google for failure to supply information/ documents in the investigations.

Comments Off | 03-28-2014

The Competition Commission of India(CCI)has imposed a fine of Rs. 1 Crore upon Google for failure to comply with the directions given by the Director General(DG)seeking information and documents.
The order was passed on a reference made by the DG to CCI alleging inter alia non-cooperation by Google in the pending investigations.
The DG was

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Banks and Income Tax Offices to Remain Open on 29th, 30th and 31st March, 2014

Comments Off | 03-28-2014

In order to facilitate the payment of taxes by the tax-payers before the close of the Financial Year 2013-14, the Reserve Bank of India (RBI) has decided on request of Central Board of Direct Taxes (CBDT) that all agency banks shall keep open the counters of their designated branches conducting Government Business on Saturday, March

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Officers trainees of Indian Economic Service call on the President

Comments Off | 03-27-2014

A group of 29 officers trainees of 35th (2013) batch of the Indian Economic Service called on the President of India, Shri Pranab Mukherjee at Rashtrapati Bhavan today (March 24, 2014).
Speaking on the occasion, the President stated that the officers of the Indian Economic Service serve as a key instrument in advising policy makers

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Mineral Production during January 2014 (Provisional)

Comments Off | 03-27-2014

The index of mineral production of mining and quarrying sector for the month of January (new Series 2004-05=100) 2014 was at 136.5.
The total value of mineral production (excluding atomic & minor minerals) in the country during January 2014 was Rs. 19369 crore. The contribution of coal was Rs. 6908 crore, Petroleum (crude) Rs. 5954

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Gambling Laws in India

Comments Off | 03-27-2014

The gambling laws in India are at best a little confused. Essentially gambling is outlaws across most of the country, though a huge amount of gambling does go on. Looking first at casino gambling, there are just two states in the whole of India that permit casinos. These are Goa and Sikkim. While there is

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