Gross debt at Indian Oil, the nation’s largest refiner and fossil fuel retailer, has risen from ₹86,400 crore at the beginning of 2019-20 to ₹1,16,000 crore at the start of 2020-21. About 50% jump in debt in the January-March quarter came following the weakening of demand due to the Covid-19 pandemic, dividend outflow and delay in fuel subsidy transfer by the government.

Petrol in Delhi now costs Rs 71.26 a litre as against Rs 69.59 previously, oil industry sources said.

The increase in excise comes amid crude oil prices still remaining at relatively lower levels of $23.86 a barrel, compared to peak level prices.

The move follows the Centre's decision on Tuesday to increase excise duty on petrol by a record Rs 10 per litre and Rs 13 per litre for diesel. The hike, however, did not push up fuel prices as global oil prices have dropped to a nearly two-decade low.

Before lockdown, the VAT rate on petrol was 30 per cent and on diesel was 22 per cent.

"We have to have a reasonable price. India is a major consumer. But at this juncture, India's viewpoint is the price should be reasonable and responsible. Very low prices are not the answer. Reasonable prices are the answer," he said.

The bank which was under RBI's administration since 2014, failed to come up with a satisfactory revival plan, after which the banking regulator cancelled its license. Majority of the bank's depositors now get 100 per cent of their money back. The government hiked the minimum deposit insurance cover from Rs 1 lakh to Rs 5 lakh in its budget announcement in February.

Punjab Agriculture Secretary Kahan Singh Pannu said that 50% subsidy would be provided to women, scheduled castes and 40% to other farmers. The secretary further said that farmers had been asked to submit their applications to avail the benefit of subsidy on machinery required for paddy and maize cultivation till 10 May.

The government is mulling incentives for reviving old pharmaceutical ingredient units.

In a notification, the ministry's investigation arm Directorate General of Trade Remedies (DGTR) has said there is a "positive" evidence of likelihood of dumping of Sodium Citrate and injury to the domestic industry if the existing anti-dumping duty would be removed.

Highlighting that network capacity and higher bandwidth services have proved to be crucial, not only during the pandemic itself, but also for e-commerce and economic inclusion in general, it said in an information note: “What can WTO members do to improve communications networks and services?”

Trump’s move to blame China for the Covid-19 outbreak is expected to worsen global trade ties.

The joint venture will focus on expansion of fund offerings and long term wealth creation.

Overall, the mutual fund industry witnessed net inflows of Rs 45,999 crore across all segments, data by the Association of Mutual Funds in India showed on Friday.

Sometimes it is fun to re-visit very basic HTML things and look what we can do with them nowadays. This is what I will do now with a radio button group. I will progressively enhance it to look great and still work with keyboard and screen readers. As part of my Logo-O-Matic upgrade, I added […]

Download the slides and view the demos for my presentation on practical flexbox progressive enhancement, "Leveling Up With Flexbox" for Smashing Conference in Oxford, as well as get links to related articles, tutorials, and tools on Flexible Box Layout.

I ran into a very frustrating bug while using icon fonts on our site at Contatta. A bug I filed last April, and nurtured through the process of getting fixed, didn’t make the Mozilla release notes (though it was included in Firefox 28). Because I feel it’s a very useful solution, I wanted to bring [...]

India's sports fraternity on Sunday joined the country in showing solidarity in the fight against the rapidly-spreading coronavirus pandemic by lighting lamps and candles in response to Prime Minster Narendra Modi's call to demonstrate the nation's collective resolve. PM Modi had appealed to the people to turn off lights and instead lit diyas, candles and other forms of light for nine minutes at 9pm IST on Sunday to show the nation's collective resolve to fight coronavirus.

Olympic hopeful judoka Hadeel Alami has hit upon an unorthodox way to stay in peak condition - using her little sister as a weight during her training routine. Alami has also transformed water bottles into dumbbells and lifts her couch instead of weights.

Evergrande Group has begun work on what will be the world's largest purpose-built soccer stadium, with a capacity of 100,000 seats, in the southern city of Guangzhou, the Chinese real estate company has said. Construction of the Guangzhou Evergrande Soccer Stadium, also dubbed "Lotus Flower Stadium" for its design, started on April 16 and would cost around 12 billion yuan ($1.69 billion) to complete, the group said.

The tennis legend has dropped a series of photographs on her Instagram page that brings 'message of hope and optimism'.

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