Global Oil Prices
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Govt need not respond to daily, weekly changes in oil prices, says NITI Aayog vice-chairman Rajiv Kumar
•Petrol and diesel prices in the country have been rising owing to a sharp rise in global crude oil rates.
Sensex falls 179 points, Nifty ends below 10,600 on weak rupee, F&O expiry
•The BSE Sensex slumped over 179 points to end at 35,037.64 on Thursday after the rupee collapsed to a lifetime low against the US dollar amid firming crude oil prices.
Sensex soars 128 points in early trade on firm global cues; Rupee takes more losses, sheds 10 paise against dollar
•The 30-share Sensex, which gained 403.97 points in the previous three sessions, added 128.08 points, or 0.36 percent, at 35,447.43.
Budget 2018: Oil ministry seeks cut in excise duty on petrol, diesel to cushion impact of rising crude prices
•Prime Minister Narendra Modi, who faces elections in key states later this year, and a nationwide election in early 2019, has faced pressure over a rise in retail prices of petrol and diesel to a record level.
December quarter GDP growth surprising, says Fitch Ratings
•The rating agency, however, projected a robust 7.1 percent growth for 2016-17 and 7.7 percent in the following two financial years (2017-18 and 2018-19).
Too big a trade partner: Why Indian politicians' call to boycott Chinese goods will fail
Indiaspend •Indian politicians are currently leading a campaign to boycott Chinese goods. But an IndiaSpend analysis shows why this will fail: China is India's largest trade partner, a sixth of India’s imports are Chinese, up from a tenth in 2011-12, while India’s exports to its rival have halved over the same period.
NAM Summit: Venezuela seeks to gather support for a global deal to bolster oil prices
Ians •The NAM summit of leaders gets underway in Margarita Island on Saturday, where Venezuela will gather support for a global deal to bolster oil prices
Oil price collapses to 12-year low on China fears, supply glut
Fp Archives •
Petrol price cut by 50 paise per litre, diesel by 46 paise
Fp Archives •Petrol price was on Tuesday cut by 50 paise and diesel by 46 paise a litre, much lower than an anticipated decrease.
Perils of long-term forecasting: How Goldman got it all wrong
Fp Editors •Goldman Sachs, the global financial services major, had released an extremely bullish report on India in November 2012. And yet India's growth trajectory is nowhere close to that prediction.