Oil is trading at the lowest in a year despite the pledge from OPEC and its allies to remove 1.2 million barrels a day of crude from the market for six months beginning January
4 min read20 Dec 2018In all of the countries that have successfully diversified their economies the state has played a leading role by promoting innovation
3 min read30 Dec 2016The impact of higher crude prices will show after a few months considering inventory levels and the lag effect in base oil prices
3 min read26 Dec 2016The rise in capacity will tighten Asia's crude market as it coincides with planned output cuts by major oil producers
1 min read21 Dec 2016The biggest uncertainty is the timing of implementation of the goods and services tax
4 min read20 Dec 2016Higher oil prices can affect government spending as well as private consumption
4 min read8 Dec 2016Crude oil prices rallied after Opec announced its intention for a production cut, but news reports on old disputes resurfacing weighed on prices after some time
1 min read2 Dec 2016OPEC agreed on Wednesday to cut output to 32.5-33.0 million barrels per day (bpd) from around 33.5 million bpd
2 min read29 Sep 2016The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared