LPG companies to stop supplying households with multiple-connections
The PSU Oil Marketing Companies have been directed not to supply households with multiple-connections with LPG, for which no Know Your Customer (KYC) details have been submitted. This will come into effect on June 1, 2013. Transactions, including the delivery…
Petrol rates to be reduced by Rs 3 per litre
The rates of petrol have been reduced by Rs. 3 per litre from March 1, 2013 in India. The new rates will be the first substantial price cut in about a year. This is also the fourth reduction in the…
Britain to improve electric vehicles market
Think tank IPPR says that Britain must enhance its domestic market for electric vehicles, or it will risk missing out on job opportunities. According to a media report, Britain is now the fifth most competitive auto industry in the world….
UK car sales goes up in March in the UK
Car buyers in the UK are being tempted to buy the new 13 plate registration these days. This has resulted in the acceleration of car sales, with about 400,000 vehicles being sold in the month of March, 2013. In the…
Auto makers in US mark increase in sales
Auto manufacturers in the US have reported their strongest sales for five years in the month of March 2013. The recent situation has prompted some analysts to lift their US estimates for the full year. The sales figures for General Motors…
Sales of diesel decline for first time since May 2009
In some good news for diesel vehicle owners in India, domestic diesel sales had gone down by 2 percent in the month of February 2013. This was the first dip since May 2009 and the hike in prices, along with…
Chocolate companies in India not to cut product rates
In recent times it has been observed that the prices of milk, coffee, cocoa and sugar have been dropping in India. Despite this, the domestic prices of dairy and chocolate products are not likely to come down. The raw materials…
Inactive pre-paid mobile connections to be disconnected
The Telecom Regulatory Authority of India (TRAI) said that about two million pre-paid mobile connections are not active, out of which about 55 million have remained unused for about six months. The country had 907 million mobile phone connections as…
Action to be taken against food manufacturers for their misleading ads
Many food item manufactures in India might be in trouble for making misleading claims in the advertisements of their products. For this, the Indian government has launched a prosecution against such food manufacturers of 19 food items. The Minister of…
RBI bans banks from providing loans for gold
On November 19, 2012, the Reserve Bank of India (RBI) has notified all banks that there is a total ban from advancing any loans to their customers in regards the purchase of gold in any form. This will include gold…