US oil prices rose above $70 a barrel on Monday for the first time since November 2014, as a deepening economic crisis in Venezuela threatened the country’s already tumbling oil supplies.
The price of oil has crossed $70/barrel and the trend is upwards. In contemplating its policy response to a high oil price scenario, the government should draw upon the lessons of the past.
In a big relief to passengers, the Indian Railways has announced that if a train is cancelled fully–from the start station to the end station–tickets will be cancelled and the amount will be refunded automatically in the accounts with which the booking was done.
The first ‘ladies special’ train in the world, started between Churchgate and Borivali stations on the Western Railway (WR), will complete 26 years on Saturday, an official said.
The oil and gas sector in Maharashtra is in news these days with Saudi Aramco, the state-owned oil company of the Kingdom of Saudi Arabia, signing a pact with Indian Oil Corp Ltd, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd to develop a mega refinery in Ratnagiri.
In June, Indian Railways probationers will head to Berlin to study Deutsche Bahn (DB), one of the best-performing and advanced railway systems in the world, and Europe’s largest.
The Central Railway (CR) plans to ask the India Meteorological Department (IMD) to help with rain forecast so that train services can be planned accordingly.
In a move that displaces Indian Railways from the position of being the sole buyer of general purpose wagons in the country, the government has decided to allow freight clients to buy and then offer them to the national transporter.
Prime Minister Narendra Modi’s initiative to provide a shield to women and children from smoke, the Ujjwala Scheme, has been much admired in the new WHO pollution report. “Countries are taking measures to tackle and reduce air pollution from particulate matter.
Two Australian companies BHP Billiton, the world’s biggest mining company, and Heathgate Resources, an affiliate of US company General Atomics, are in discussions with the Department of Atomic Energy (DAE) for exporting uranium to India.