Free Press Journal
  • oil_gas

    ONGC, Cairn India demand halving of cess on crude oil

    New Delhi: State-owned ONGC and private sector Cairn India have demanded halving of cess on domestic crude oil production saying their burden has actually gone up after Finance Minister Arun Jaitley’s Budget exercise aimed at reducing the levy.  Oil and Natural Gas Corp (ONGC) paid Rs 4,500 per tonne cess on crude oil it produced from almost all its fields including prime Mumbai High, till February 20 16. In Budget for 2016-17,

  • economy

    Appreciating non-dollar currencies lift Indian foreign reserves

    Mumbai: An appreciation in non-dollar currencies propelled India’s foreign exchange (Forex) reserves to gain $920.6 million in the week ended August 21. The reserves for the week under review stood at $355.35 billion from the previous week’s (August 14) $354.43 billion.

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