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Shi'ite militias advance on Islamic State insurgents near Iraq's Ramadi| Reuters

May 24, 2015 at 02:30 | Source: FirstPost

BAGHDAD/BEIRUT Shi'ite Muslim militiamen and Iraqi army forces launched a counter-offensive against Islamic State insurgents near Ramadi on Saturday, a militia spokesman said, aiming to reverse potentially devastating gains by the jihadi militants.Th...

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

May 22, 2015 at 20:42 | Source: FirstPost

New Delhi: The government has exempted oil producers ONGC and Oil India from payment of fuel subsidy if the global oil prices average up to $60 a barrel, but will pay a graded rate beyond this threshold."We have received a communication from the...

Finance ministry plans revamped CPSE ETF by October; EPFO, NPS to park fund

May 21, 2015 at 21:55 | Source: FirstPost

New Delhi: The finance ministry is planning to launch a revamped and retail investor-friendly CPSE Exchange Traded Fund (ETF) by October in which cash rich EPFO and NPS could park their money along with individual investors.Another tranche of CPSE ET...

Still no reforms for migrant workers' conditions in Qatar, says Amnesty International

May 21, 2015 at 15:42 | Source: FirstPost

Dubai: Qatar is failing to deliver on reforms for its migrant workers a year after the wealthy Gulf nation announced plans to improve conditions for low-paid labourers building its highways, hotels, stadiums and skyscrapers, Amnesty International has...

Gail in talks with Shell to sell U.S. LNG supply| Reuters

May 21, 2015 at 01:30 | Source: FirstPost

MILAN/NEW DELHI India's Gail has signed a preliminary deal with Shell for the potential sale of liquefied natural gas (LNG) supply sourced from its portfolio, made up of U.S. production, three sources with knowledge of the matter said.Gail has also s...

Oil ministry leak case: Court directs Delhi Police to supply documents to accused

May 18, 2015 at 18:42 | Source: FirstPost

New Delhi: A Delhi court on Monday directed Delhi Police to supply documents to the accused in the case relating to the leak of documents from the petroleum ministry.Chief Metropolitan Magistrate Sanjay Khanagwal directed police to supply the documen...

Fisherman injured after being accidentally shot at in high sea by Indian Navy

May 18, 2015 at 15:25 | Source: FirstPost

A fisherman was injured after he wasshot at by an Immediate Support Vessel (ISV) of Indian Navywhich was on a coastal security patrol in the offshoredevelopment area at Bombay High."While providing protection to the offshore oil rig, ISV on Sund...

Canada sets 30 percent cut in greenhouse gas output, details sparse| Reuters

May 16, 2015 at 00:16 | Source: FirstPost

WINNIPEG Canada, under fire for its environmental record, pledged on Friday to cut greenhouse gas emissions by 30 percent below 2005 levels by 2030 but gave few details of what Ottawa acknowledged was an ambitious plan.As part of the official announc...

Petrol price hiked by Rs 3.13 a litre, diesel Rs 2.71, steep rise in 15 days

May 15, 2015 at 19:56 | Source: FirstPost

New Delhi: Petrol price was today hiked by Rs 3.13 a litre and diesel by Rs 2.71 per litre, the second straight steep increase in rates this month. The hike, which comes on the back of Rs 3.96 per litre increase in petrol and Rs 2.37 a litre rai...

India's planned west coast LNG plant attracts 4 initial bids | Reuters

May 13, 2015 at 23:15 | Source: FirstPost

NEW DELHI India Gas Solutions, a joint venture of Reliance Industries Ltd and BP, U.S.-based Excelerate Energy and Japan's Mitsui and Co Ltd have bid to build a gas import facility on India's west coast, a company official said.A consortium of Norway...

'Modi govt is doing politics of vendetta': Amethi food park issue again leads to heat in Lok Sabha

May 13, 2015 at 15:50 | Source: FirstPost

New Delhi:The issue of mega food park in Rahul Gandhi's constituency Amethi again generated heat in the Lok Sabha on Wednesday with Congress accusing government of resorting to "politics of vendetta" on development issues.There were verbal ...

Camp David summit to show Obama Gulf's generational shift| Reuters

May 12, 2015 at 23:46 | Source: FirstPost

RIYADH/DUBAI The new generation of Gulf Arab leaders meeting U.S. President Barack Obama on Wednesday appear more assertive than their fathers, want a range of alliances instead of dependence on Washington, and may be readier to say 'no' to their mai...

Amethi food park cancelled after promoter failed to comply with rules: Govt tells Lok Sabha

May 12, 2015 at 15:19 | Source: FirstPost

New Delhi:Days after Rahul Gandhi raised the issue of a mega food park in his constituency Amethi, the government on Tuesdaysaid the project was cancelled after the promoter company failed to comply with requisite conditions for approval.In a detaile...

Iran acting tough on ONGC over development of gas field

May 11, 2015 at 19:26 | Source: FirstPost

New Delhi: Anticipating easing of Western sanctions against it, Iran is acting tough over giving state-owned ONGC the rights to develop the Farzad-B gas field in the Persian Gulf.Apparently upset over India not committing to invest in the ONGC-discov...

Bids for subsidy by gas power projects postponed by a day

May 11, 2015 at 13:24 | Source: FirstPost

New Delhi: The process of bidding by stranded gas-based power projects for government subsidy support to purchase expensive imported LNG to restart stalled plants has been postponed till Tuesday."On the request of gas-based power plants develope...

GST Bill slated for Rajya Sabha test: Rahul Gandhi shouldn't block this key tax reform

May 07, 2015 at 11:55 | Source: FirstPost

So the Constitution (122nd Amendment) Bill, better known as the GST (goods and services tax) Bill has finally cleared the Lok Sabha hurdle. But that was hardly much of a hurdle the government has the numbers in the lower House.Fortunately, it did no...

GST Bill slated for Rajya Sabha test: Rahul Gandhi shouldn't block the key tax reform

May 07, 2015 at 08:00 | Source: FirstPost

So the Constitution (122nd Amendment) Bill, better known as the GST (goods and services tax) Bill has finally cleared the Lok Sabha hurdle. But that was hardly much of a hurdle the government has the numbers in the lower House.Fortunately, it did no...

GST Bill slated for Rajya Sabha test: Rahul Gandhi gets last chance to redeem his image

May 07, 2015 at 07:42 | Source: FirstPost

So the Constitution (122nd Amendment) Bill, better known as the GST (goods and services tax) Bill has finally cleared the Lok Sabha hurdle. But that was hardly much of a hurdle the government has the numbers in the lower House.Fortunately, it did no...

GAIL India launches tender to buy two LNG cargoes| Reuters

May 06, 2015 at 23:45 | Source: FirstPost

MILAN (Reuters) - Gail (India) Ltd has launched a tender to buy two liquefied natural gas (LNG) cargoes for delivery across May and June, traders said. (Reporting by Oleg Vukmanovic, editing by David Evans)This story has not been edited by Firstpost...

GST Bill slated for Rajya Sabha test: Rahul Gandhi gets a last chance to redeem his image

May 06, 2015 at 18:34 | Source: FirstPost

So the Constitution (122nd Amendment) Bill, better known as the GST (goods and services tax) Bill has finally cleared the Lok Sabha hurdle. But that was hardly much of a hurdle the government has the numbers in the lower House.Fortunately, it did no...

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