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Budget 2015-16: BPCL, HPCL, IOC fall on fears of increase in duty


Oil marketing companies like Hindustan Petroleum Corporation, Indian Oil Corporation and Bharat Petroleum Corporation fell 1-1.5 percent on fears of increase in custom duty on crude oil in Union

Live Market Updates: HPCL, BPCL down 1-2% on Budget day; Sensex, Nifty stable


Oil marketing companies (OMCs) are under pressure. CLSA sees the Budget to be negative for refiners as every 1 percent increase in duty will pull down gross refining margins by USD 0.3 per barrel. Both HPCL and BPCL are down 1-2 percent.

Union Budget 2015: Govt may back off fertiliser subsidy reform

28-02-2015| Source:Reuters

The government was widely expected to deregulate urea prices after freeing up diesel following a fall in crude prices, but two government sources said major changes were unlikely.

Economic Survey: In a favourable situation with CAD on low crude: ICRIER  

27-02-2015| Source:CNBC-TV18

The Economic Survey for 2014-15 has projected a growth of 8.1- 8.5 percent for FY16, and said there was scope for big bang reforms.

Economic Survey: Global economic outlook most favourable since 2008

27-02-2015| Source:PTI

Global economic outlook appears to be "most favourable" since the 2008 financial meltdown and is likely to improve further on the back of plummeting crude oil prices coupled with sharp

Economic Survey: Cheap oil will lift growth, but challenge is to create jobs


Simulating the effects of tax cuts, declining oil prices will add spending power to households, thereby boosting consumption and growth, the Economic Survey said

Buy gold and sell crude: Navneet Damani  

27-02-2015| Source:CNBC-TV18

Watch the interview of Navneet Damani of Motilal Oswal Commodities Broker with Ekta Batra and Anuj Singhal on CNBC-TV18. He spoke about the current trend in commodities markets.

Budget 2015-16: Stanchart sees 4 different sources for govt to raise funds


The government could implement a road cess to fund road development, or raise duties on crude oil imports, according to Stanchart

Union Budget 2015: 3.6% target achievable; see higher agri growth, pros say  

27-02-2015| Source:CNBC-TV18

if they can reduce outlay.On Saturday’s Union Budget, Prasanna expects the government to increase indirect taxes, such as a 2 percent increase in service tax and maybe hiking import duty on crude

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Feb 25, 2015 at 06:45 | Source: FirstPost
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