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New Delhi: India's risk-averse state refiners are reluctant to follow Reserve Bank of India advice to hedge part of the country's $165 billion annual oil import bill, fearing administrative action if they suffer losses, refinery sources said. State Refiners Reluctant Officials in Prime Minister Narendra Modi's government on Monday discussed the idea, which…

. NEW DELHI:  Prime Minister Narendra Modi's government has reportedly decided to make a major political concession and include an opposition member on the panel that will select a Lokpal or the national anti-corruption ombudsman. The BJP-led government, say sources, will amend the Lokpal law to allow the leader of the largest opposition party to…

NEW DELHI:  Education minister Smriti Irani has denied that schools will be open on Christmas Day, but a circular sent out by the government's Navodaya Vidyalaya Samiti has asked schools it runs to hold activities to observe 'good governance day' on December 25. The notice says, "You are requested to ensure…

NEW DELHI:  Domestic offers seem to be gaining traction among some IIT-Delhi students, who have turned down international offers with over US $125,000 (Rs. 77.28 lakh) per annum packages to work within India. As per details of the annual placement drive shared by the premier engineering institute, the first six days of…

NEW DELHI:  Shiv Kumar Yadav, a driver with Uber who has been arrested for allegedly raping a woman passenger in Delhi, spent seven months in jail in 2011 on charges of rape.  He was reportedly acquitted, said the police, though details remain unclear.  The Delhi government has today banned Uber from offering…

MUMBAI:  Aam Admi Party(AAP) leader Arvind Kejriwal kick started the party's fund-raising campaign for the Delhi assembly elections by hosting a Rs. 20,000 per plate dinner for young professionals, diamond merchants and bankers in Mumbai. "We collected Rs. 91 lakh from the fund-raiser dinner last night. Rs. 36 lakh were collected from…

New Delhi: The government is considering doing away with the LPG subsidy for the well-off, Finance Minister Arun Jaitley said today. "The next important decision India will have to take is whether people like me...(are) entitled to get our LPG subsidy," he said at the HT Leadership Summit here. "I think the sooner we…