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Global crude oil price of Indian Basket increases 101.17/US$ bbl on 13.6.2013
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$ 101.17/per barrel (bbl) on 13.06.2013.
This was higher than the price of US$ 100.84/bbl prevailing on the previous trading day of 12.06.2013.
Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of May, 2013
The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05 = 100) for the month May, 2013 rose by 0.1 percent to 171.6 (provisional) from 171.5 (provisional) for the previous month.
INFLATIONExtension of Special Package of Industrial Incentive for the State of Jammu & Kashmir
The Department of Industrial Policy & Promotion (DIPP), Government of India, has extended the Special Package for Industrial Development of Jammu & Kashmir (J&K) for a further period of 5 years, upto 14th June, 2017. The earlier package of Industrial Incentive for the State of J&K was announced on 14.06.2002 for a period of 10 years upto 14.06.2012.
Kharif Sowing Crosses 75 Lakh Hectare so Far
As per the latest data available from different States, the following is the status of the sowing of kharif crops: -
Revised Corrigendum to the Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of April, 2013 (BASE 2004-05=100)
Due to wrong recording of production data for Electricity Sector, the Index of Industrial Production for the Electricity Sector for the month of April 2013 is corrected to 159.1 from 153.8 as shown in the press release dated June 12, 2013 of this Ministry.
As a result, the General Index for the month of April 2013 is revised upward to 167.8 from 167.3 shown in the press release. The revised index is 2.3% higher as compared to the level in the month of April 2012.Mineral Production During April 2013 (Provisional)
The index of mineral production of mining and quarrying sector in April 2013 was lower by 16.9% compared to that of the preceding month. The mineral sector has shown a negative growth of 3.1% during April 2013 as compared to that of the corresponding month of previous year.
MMTC Ofs for Divestment of 9.33% Paid up Equity of the Government of India Shareholding Done; Issue Overscribed by 1.55 Times
The Minerals and Metal Trading Corporation (MMTC) OFS for divestment of 9.33% paid up equity of the Government of India shareholding in the MMTC was done today on both the stock exchanges i.e. BSE and NSE. The Issue was oversubscribed by 1.55 times. Based on the total valid bids received, at an indicative price of Rs.60.86 as against the floor price of Rs 60/- for the face value of Re one per share, the Government expects to realize proceeds of Rs. 567.90 crores. The OFS received participation from financial institutions, retail investors and some FIIs.
Prime Minister sets up a Project Monitoring Group to Track Large Investment Projects
A meeting was chaired by Prime Minister Dr. Manmohan Singh, earlier this month, to discuss an institutional mechanism to track stalled investment projects, both in the public and private sectors and to remove the implementation bottlenecks in these projects on a fast-track basis.
Consumer Price Index Numbers on Base 2010=100 For Rural, Urban and Combined for the Month of May, 2013
The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation releases Consumer Price Indices (CPI) on base 2010=100 for all-India and States/UTs separately for rural, urban and combined every month with effect from January, 2011.
Provisional indices for the month of May 2013 and also final indices for April 2013 are being released with this note for all-India and for States/UTs.Global crude oil price of Indian Basket marginally declines to 100.79/US$ bbl on 11.6.2013
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 down to US$ 100.79/per barrel (bbl) on 11.06.2013. This was lower than the price of US$ 101.48/bbl prevailing on the previous trading day of 10.06.2013.
India to Push Forward the Interest of Developing Countries at the Ongoing International Labour Conference’s (Ilo) 102th Session
The fortnight long 102nd Session of International Conference is currently in progress at ILO Geneva till 20th June 2013. This session assumes special importance because it will also discuss the post 2015 developmental agenda and the relevance of current MDGs. The ILO also is discussing its strategy for next six years till its centenary.
Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified
In excise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs (CBEC) hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance (Department of Revenue ) No. 59/2013-CUSTOMS (N.T.) dated the 6th June, 2013 published in the Gazette of India, part II, Section 3, Sub-section (ii), Extraordinary vide number S.O.1465[E], dated 6th June, 2013, namely:-
Foreign Exchange Earnings from Tourism Increases by More than Nine Percent in May 2013
Foreign Exchange Earnings ( FEEs) from tourism increased by more than nine percent in May 2013 over May 2012.Foreign Tourist Arrivals ( FTAs) also went up by more than 3.2 percent during the month of May 2013 as compared to May 2012.
The following are the important highlights regarding FTAs and FEEs from tourism during the month of May 2013.
Foreign Tourist Arrivals (FTAs):
· FTAs during the Month of May 2013 were 3.84 lakh as compared to FTAs of 3.72 lakh during the month of May 2012 and 3.83 lakh in May 2011.Global crude oil price of Indian Basket marginally declines to 101.48/US$ bbl on 10.6.2013, surges in Rupee terms
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 down to US$ 101.48/per barrel (bbl) on 10.06.2013. This was lower than the price of US$ 101.71/bbl prevailing on the previous trading day of 7.06.2013.
Technology & Capital Intensive Interventions have potential to give new lease of life to matured oil fields: Dr Moily
The Minister of Petroleum and Natural Gas Dr. M. Veerappa Moily has said that technology and capital intensive interventions have the potential to give new lease of life to the matured fields and improving recovery factor. Even from producing fields, our recovery factor is in the range of 25-33% whereas fields in North Sea or in Gulf of Mexico of same vintage have recovery factors of over 40%. Secondary and tertiary recovery technologies now boast of a recovery factor of 60% to 75%, he said while addressing the forum in New Delhi today.
