Remove 10 per cent Excise Duty on Branded Garments or reduced it to 1 per cent level in line with 130 Other Items. Extend benefits of Section 35 (2AB) of the Income Tax Act (deduction of 150 per cent of the expenditure incurred on In-house Research and Development Facility by any Company engaged in the business of Manufacture or Production of any Article or thing specified in the Eleventh Schedule).
The Oil and Natural Gas Corporation is planning to invest about Rs 12,000 crore (Rs 120 billion) in the coming years to upgrade and redevelop 15 oil and gas fields in the country, which had now become "old", a top executive said on Tuesday.
Another big discovery of gas, like the one in Barmer in Rajasthan, was expected in a week's time, Petroleum Minister Ram Naik, said on Monday.
They opposed designating India as a 'Country of Particular Concern'.
Lord Coe tells his nine-year-old son was devastated by Dwain Chambers' positive test.
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corporation, is in talks with Royal Dutch/Shell to acquire half of the Anglo-Dutch giant's 50 per cent stake in an oilfield in Angola.
Indian Oil Corporation is mulling setting up a wholly-owned overseas investment vehicle if the government rejects the plan to create a second incarnation of ONGC Videsh Ltd with the participation of all state-owned oil firms.
When the news of steel baron LN Mittal getting into the energy sector without his Indian exploration and production partner, Oil and Natural Gas Corporation surfaced, there was much speculation about whether the alliance was on the verge of a break-u
President A P J Abdul Kalam left New Delhi on Saturday on a week-long visit to the United Arab Emirates, Sudan and Bulgaria, his first foreign tour after assuming the high office.
The Oil and Natural Gas Corporation, which had tapped 6 billion tonnes of oil and natural gas in the past 45 years, is planning to double the production in the next 20 years, a top executive of the corporation said on Friday.
ONGC Videsh Ltd, the overseas arm of Oil and Natural Gas Corporation, is eyeing stake in oil fields in more than a dozen countries including Myanmar, Libya, Australia, Indonesia, Saudi Arabia, Kuwait, Venezuela, Iran, Qatar and Bangladesh.
Upbeat about the success of Focus Africa programme which led to a 36 per cent rise in exports to $24.52 billion in 2002-03, Commerce and Industry Minister Arun Jaitley on Monday sought more efforts to tap the region's potential.
Oil and Natural Gas Corp on Tuesday said it will invest over Rs 6000 crore (Rs 60 billion) annually in acquiring oil properties abroad.
Large quantities of liquefied natural gas will start flowing into the country from the Dahej Terminal in Gujarat when it becomes operational from January next year, Petroleum and Natural Gas Minister Ram Naik said on Thursday.
Is the sun setting on Goa? The deaths of 15-year-old Scarlette Keeling and 34-year-old Michael Harvey, both British nationals in Goa, that too in quick succession has made this place a talking point and a pet bashing subject for the foreign media.
ONGC Videsh Ltd has sold one million barrels of crude oil out of its share from a Sudan oil project to China for over $25 million, Minister of State for Petroleum & Natural Gas Sumitra Mahajan told Rajya Sabha on Tuesday.
Indian Oil Corporation and ONGC Videsh Ltd have tied up with BP and Occidental, the global oil majors, to bid for oilfields in Kuwait.
As part of its efforts to make Indian firms globally competitive, the government has allowed refiner Indian Oil Corporation and exploration firm Oil and Natural Gas Corporation to set up oil trading and risk management desk.\n\n\n\n
The Indian Oil Corporation and Oil and Natural Gas Corporation's overseas arm ONGC Videsh Ltd will mount a joint bid for acquiring the South Ghawar gas field, one of the largest onshore fields in Saudi Arabia.
'Pakistan is only interested in Afghanistan insofar as it can give it more strategic weight vis-a-vis India,' says Afghan expert Sarah Chayes.
India's Oil and Natural Gas Corp expects crude output to rise 15 per cent to 600,000 barrels per day in 2006-07 but production from its ageing fields will fall rapidly in subsequent years, a company official said.\n\n\n\n
State-owned exploration firm Oil and Natural Gas Corporation will begin retailing petrol and diesel from its own petrol stations by the year end, company chairman and managing director Subir Raha said on Thursday.
Petroleum Minister Ram Naik said on Thursday that Mangalore Refinery and Petrochemicals Ltd will not merge with Oil and Natural Gas Corporation.
The ministry of defence is believed to have suggested that companies from China, Pakistan, Myanmar, Indonesia, Malaysia, Bangladesh and the Arab world be kept out of the bidding for certain oil and gas blocks due to security concerns.
Bruce Fein, a former US deputy assistant attorney general in the Reagan Administration, has filed a 12-count indictment against Sri Lanka's defense secretary Gotabhaya Rajapaksa and the country's army commander Lieutenant General Sarath Fonseka, for perpetrating genocide against Tamil civilians with US Attorney General Eric Holder and the Department of Justice.
Oil and Natural Gas Corporation will set up a specialised trading desk in India to market crude oil received from investments in oil fields abroad and surplus petroleum products from subsidiary Mangalore Refinery Petrochemicals Ltd.
ONGC was gladdened by the rise in crude oil prices by 77 cents to $27.68 barrels on the Nymex crude futures even as the rest of the market found that depressing.
The government on Thursday put in motion a contingency plan to ensure reqular supplies of petroleum products for the next two months and said it would cushion domestic consumers in case global crude oil prices shoot up.
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