The profit was down
46 a barrel in the fourth quarter of 2015-16.67 crore of previous financial year. And secondly, reduction in natural gas price reduced our revenues," he said.98 crore in the fourth quarter of 2016-17, from Rs 2,445.88 a share) in the same period of 2015- 16, OIL Chairman and Managing Director Utpal Bora told reporters here."The profits dipped despite clocking highest ever gas production of 2.01 crore in the same quarter of previous fiscal..46 a barrel in the fourth quarter of 2015-16. But for the royalty payment, OIL net profit should have been Rs 751.50 for every barrel of crude oil it produced, up from USD 32."The profit was down because of two counts - one Rs 1,152 crore of royalty payments to Assam and Arunachal Pradesh following court directives were accounted in the quarter.
Net profit in the January-March quarter of last fiscal was Rs 19.25 per share), 96 per cent lower than Rs 470.OIL got USD 52.Net profit should have been Rs 2,379 crore if the royalty expense hadn&China wheel bearings Factory39;t been accounted, Bora said.13 crore (Rs 5.68 crore, down 32 per cent from Rs 2,301.Company will invest Rs 4,290 crore in current fiscal as against a capex of Rs 4,336 crore in the previous year. The company will invest Rs 4,290 crore in current fiscal as against a capex of Rs 4,336 crore in the previous year. For the full 20160-17 fiscal, OIL reported a net profit of Rs 1,548. New Delhi: State-owned Oil India Ltd today reported 96 per cent drop in its March quarter net profit after it brought on books the additional royalties paid to Assam and Arunachal Pradesh. Turnover rose to Rs 3,308.93 billion cubic meters," Bora said, adding that crude oil production rose 1 per cent and gas 3.14 crore, he said.31 crore # (Rs 0.50 for every barrel of crude oil it produced, up from USD 32.5 per cent.
On 11 September 2017
Congress accused the central government of raising Central Excise duty 11 times in past 3. Ajay Maken further added that the prices of subsidized LPG cylinders have been increased by Rs.” Hence claiming that there was no rationale behind the rising prices of fuel.The agitation would start on September 20 from the national capital. Congress is also looking at other opposition parties to take on the government for this rise in fuel prices. Ajay Maken also said, “Since 26 May 2014, International Crude Oil prices have come down by more than by 52%.“The Congress will launch a nationwide agitation against this burdening of the common man with increased taxes and flooding the coffers of the government,” Mr Maken told the media.47% on Petrol and 400. While crude oil prices plummet, petrol-diesel prices skyrocket!” he said. Ajay Maken (Photo: PTI/File) New China foaming barrel screws Suppliers Delhi: The Congress on Friday hit out at the Central government for steep increase in Central excise duty on petrol and diesel and threatened to launch a nationwide agitation against the BJP government.“We will fight for the people, tooth and nail, until this draconian taxation regime is withdrawn,” he told reporters. On 26 May 2014, crude oil was prevailing at US$ 108.05 a barrel.5 years -133.On Wednesday there will be a massive protest by the Congress a jantar Mantar in New Delhi against the taxes on fuel.
We would start a signature campaign at petrol pumps in the national capital from September 17, he said. On 11 September 2017, crude oil prices came down to US$ 52.“Looting people, profiteering at their expense and squeezing their hard earned money is the sole aim of the BJP government.The Congress chided the government and the BJP that when in opposition it had termed the UPA government as ‘economic terrorist’. While all state units of the Congress will also be doing protests in their respective state capitals. 75 in the last three and a half years.Leading the charge, Congress spokesperson Ajay Maken demanded that the Central government should immediately bring out a white paper on fuel taxes and gains made by the government and said the party would agitate across the country.He said the party would fight this battle to reduce taxes on every available forum and challenged the BJP to come out with a white paper on taxes on fuels and the gains thereof.The agitation would start on September 20 from the national capital. The party also charged the government for giving absurd reasons like ‘Hurricane Harvey and Irma’ on the increase of petrol and diesel prices.73 a barrel. Now with the fuel prices rising the party demanded whether the NDA government should also be termed as ‘economic terrorist’.86% on Diesel.The Delhi Congress chief said burning holes in the pockets of the common people has become the benchmark of governance for the BJP.
They said that Sadiq?
His five associates have also been arrested. They have been identified as Suhail Arif Ganaie, Rashid Rasool Bhat, Javaid Ahmed Dhobi, alias Shalla Dhobi, Farhan Fayaz Liloo and Ehsan Fayaz Lillo, all residents of Baramulla. He has identified the slain militants as Rizwan, Hussein and Malik, officials said. He was lured into militancy by a school time friend and received training in a Jaish camp for three months before he was asked to cross the LoC as part of the group, he has reportedly told his interrogators.Three attackers were killed in retaliatory commando action after commandos from Army’s Parachute Regiment were airdropped near the camp. He was arrested during a raid in Kanispora village of north-western Baramulla district, officials said, adding his five associates were also arrested.He told his interrogators that he spent past three months at various places in Kupwara and neighbouring Baramulla. Reddy — of the Army were injured. A local resident, Tanveer Ahmed Sheikh, 25, working as a generator operator at the camp was also killed in the militant attack, whereas two officers — deputy commandant Colonel Sunil Kumar and a junior commissioner officer V.At dawn on November 25, 2015, a group of Jaish-e-Mohammed militants in a “fidayeen” attack targeted the battalion headquarters of Army’s 3/1 GR unit in the Kalsuri ridge of Tanghdar area in Kupwara district from the back with AK assault rifles and 40-mm under barrel grenade launcher after cutting a perimeter fence and penetrating the premises.
The attackers targeted Army barracks and vehicles with small arms and hand grenades, causing damage to them.Security forces on Thursday said they have arrested a “fidayeen” member of Jaish-e-Mohammed militant group involved in a sneak attack on an Army base in Tanghdar area close to the Line of Control thre Security forces on Thursday said they have arrested a “fidayeen” member of Jaish-e-Mohammed militant group involved in a sneak attack on an Army base in Tanghdar area close to the Line of Control three months ago. A statement issued by police here confirmed arrests claiming that Sadiq “was in the process of creating a base for further terrorist activities in Baramulla which was foiled by timely action of police and security forces”.K. One AK-47 rifle with five magazines and 150 rounds, six hand-grenades and one wireless set were found in their possession, security officials added.The accused, identified as Muhammad Sadiq, alias Shahid, son of Muhammad Jameel, is a resident of Sialkot in Pakistan’s Punjab province.They said that Sadiq has told his interrogators that it was he who set the oil depot to fire and also destroyed several vehicles before blown film extruders Manufacturers he was asked by his accomplices to leave.The officials also said that during his interrogation Sadiq also revealed that the militants had sneaked into Kupwara from Pakistan-occupied-Kashmir the previous night using GPS devices and reached the site of the attack after about seven hours walk..Officials said that the arrests were made in a series of raids conducted jointly by Army’s 46 and 52 Rashtriya Rifles, the J&K police and CRPF “while acting on a specific information” at various places in and around Baramulla town during the past few days. Officials said that he belongs to a peasant family of Sialkot and has four other brothers and two sisters besides parents. Also, an oil depot within the camp caught fire in the attack. It were some locals who helped him to relocate to Baramulla after he “befriended” them.
They are Delhi-Mumbai
10 lakh crore. Swachh BharatFor a better underbelly. A number of factors has come together to give the government a unique chance, which is not necessary to repeat itself next year. Best things happening in 2016Be positiveIndia’s GDP is expected to grow 7.5% in the next financial year even surpassing China’s projected growth of 6. The project which seeks to cover 1. The government has already awarded the contract for the consultancy for the diamond quadrilateral network of high speed rail corridors.5 lakh community toilets and 2.Sensex sense The stock market is expected to outperform other emerging markets in 2016.7 billion that of the previous financial year.3% in 2015 will grow 3.The last 20 months saw Prime Minister Narendra Modi making a slew of announcements, expected of a new regime. With his team firmly in the saddle, and the Bihar Assembly election results delivering a resolute political message that only a positive agenda can win elections, now is the time for the government to act. It will, however, hinge on a number of policy initiatives, including the passage of GST and land acquistion Bills. Political parties often shy away from taking difficult decisions fearing elections which visit the states quite often. GROWTH1. With no signs of crude price going up, the government will continue to enjoy the cushion in 2016. The government has of late woken up to the need for planning and funding it.6 lakh seats public toilets, may not have a direct impact on the GDP but will raise nation’s HDI a notch up and better its image abroad. Digital India seeks to deliver government services to the citizens online.3%.jpg The last 20 months saw Prime Minister Narendra Modi making a slew of announcements, expected of a new regime.8 per cent against two digit figures two years ago, and even RBI governor Raghuram Rajan is not apologetic about what he does: to cut the interest rates.Thus 2016 is the year which will define the character of the economic quotient of the performance of this government, which has already done a bit of ground work.
The oil import bill is expected to be $88.The Smart City project is about building or renovating 100 Indian cities over the next five years; 20 each year. There has been little progress in cutting red tapes and improving the licensing system, though. The Rs 90,000-crore Mumbai-Ahmebdabad high speed rail project will be the first of its kind in the country. If done properly, it would not only empower the citizen, but would push India’s standing several notches up on the ‘ease of business’ scale as it would cut down red tapism, improve transparency and make procedures easy for doing business.8 in 2016, says the IMF. The NDA government at the Centre has an advantage on this count this year as the BJP has only limited stakes in West Bengal, Kerala and Tamil Nadu, the three big states that go to polls this year; the party anyway claims it has already made big inroads in Assam. On the other hand, it would be different next year with the all-important Uttar Pradesh Assembly elections scheduled for 2017.04 crore houses, 1. Inflation has been in control: consumer price index has been 3. The India growth story will continue in 2017 also, retaining the lead. The oil import bill of $88 billion in 2014-15 is set to come down to $73 billion in 2015-16. For starters, it could be the momentum it would provide certain flagship projects such as Make in India, Digital India, Swacch Bharat and high speed railway system that will decide its score. Oil spoils: India controlled its fiscal deficit by increasing the excise duty on fuel, even as crude oil prices fell across the globe. They are Delhi-Mumbai, Mumbai-Chennai, Delhi-Kolkata. The global economy, which grew 3.2 billion for 2015-16 which would be 21 per cent lesser than $112. Any forward movement on these projects would be keenly watched. The government has been successful in keeping the fiscal deficit under 4 per cent of the GDP.Make In India, announced in September 2014, aims at massive investment in the manufacturing sector with a view to doubling its share in GDP from the 12 per cent, and creating 10 crore new employment by 2022.. The process for the selection of the first 20 cities is in the final stages. The programme has so far netted investment promises screw barrel of injection moulding machines Manufacturers worth Rs 1. When crude oil prices go under $40 a barrel, it means cheap energy for the nation and a big relief on the fiscal front. There is criticism that it will create a world of apartheid and exclusion; still it will go a long way in improving India’s crumbling urban infrastructure which bursts at its seams across the country now.
The announcement this morning that the Saudis have closed some shipping
Crude inventories fell 6.Saudi Energy Minister Khalid al-Falih said in a statement that the Houthis had attacked two Saudi Very Large Crude Carriers in the Red Sea on Wednesday morning, one of which sustained minimal damage..Brent crude futures had risen 47 cents, or 0.Prices were also supported by official data showing US crude oil inventories last week tumbled more than expected to their lowest level since 2015 as exports jumped and stocks at the Cushing hub dropped.US West Texas Intermediate crude futures were up 5 cents at $69.6 per cent, to $74. China screw barrel of injection moulding machines Suppliers US West Texas Intermediate crude futures were up 5 cents at $69.An estimated 4.7 per cent.
The Bab al-Mandeb strait, where the Red Sea meets the Gulf of Aden in the Arabian Sea, is only 20 km (12 miles) wide, making hundreds of ships potentially an easy target.At 404.9 million barrels, inventories, not including the nation’s emergency petroleum reserve, were at their lowest level since February 2015.8 million barrels per day of crude oil and refined petroleum products flowed through this waterway in 2016 toward Europe, the United States and Asia, according to the US Energy Information Administration.40 a barrel by 0247 GMT, after gaining 0.Saudi Arabia, the world’s biggest oil exporter, said on Thursday that it was “temporarily halting” all oil shipments through the strategic Red Sea shipping lane of Bab al-Mandeb after an attack on two big oil tankers by Yemen’s Iran-aligned Houthi movement.7 per cent on Wednesday.“Saudi Arabia is temporarily halting all oil shipments through Bab al-Mandeb Strait immediately until the situation becomes clearer and the maritime transit through Bab al-Mandeb is safe,” the minister said.“
The announcement this morning that the Saudis have closed some shipping lanes in the Gulf because of rebel Houthi attacks also gives the bulls something to launch off,” said Greg McKenna, chief market strategist at AxiTrader, also pointing to the drop in US inventories.40 a barrel, after gaining 0.3 million barrels, the EIA said on Wednesday.35 a barrel, after climbing more than 1 per cent in the previous session.Brent crude futures had risen 47 cents, or 0.6 per cent, to $74.1 million barrels in the week to July 20, compared with analyst expectations for a decrease of 2.Most exports from the Gulf that transit the Suez Canal and the SUMED Pipeline also pass through Bab al-Mandeb strait. Tokyo: Brent crude led oil prices higher, extending gains into a third day after Saudi Arabia suspended crude shipments through a strategic Red Sea shipping lane and as data showed US inventories fell to a 3-1/2 year low.35 a barrel, after climbing more than 1 per cent in the previous session
