(BS) Thirteen years after it first undertook a price discovery exercise for natural gas, Reliance Industries, along with UK partner BP, will be selling 5 mscmd (million standard cubic metres a day) from its R-cluster field in the Krishna-Godavari (KG) basin through an e-auction mechanism. This discovered price would, however, be capped by a ceiling set by the government every six months for gas produced from difficult fields. The base price would be 9 per cent of the average Brent price for three months preceding the delivery date.
Author: Amit Bhanot
(LiveMint) As part of India’s energy security efforts, state-run companies present in the conventional power space such as NTPC Ltd, NLC India Ltd (earlier known as Neyveli Lignite Corp. Ltd) ,and Power Grid Corp. of India Ltd (PGCIL) are being roped in to build massive green energy parks. Setting up such parks will provide heft to India at the world stage specifically in the view of a rapidly evolving global energy landscape and a fundamental change in the global investment culture. Prime Minister Narendra Modi will be attending the UN Climate Action Summit on 23 September in New York. These proposed ultra mega renewable…
(PTI) Prime Minister Narendra Modi said development and the fight against corruption and terrorism during the first 100 days of the NDA 2.0 government was just a “trailer” of a fast-paced film, adding puri film toh abhi baaki hai”, suggesting more concrete steps are on the anvil. Modi also took a dig at former Union Finance Minister P Chidambaram, saying some people facing allegations of corruption have already been put in their “rightful place”, a reference to him being sent to jail early this month. The prime minister was speaking in Ranchi in poll-bound Jharkhand after launching a slew of measures including ambitious…
(BS) If things go according to plan, the central administrative district in the heart of the capital could get a new look, with added grandeur, in the next couple of years. The government is working on modernising the central administrative district at the capital — a plan that includes setting up a more grandiose Parliament building, a new central secretariat complex and redevelopment of the central vista. While the Ministry of Housing and Urban Affairs (MOHUA) floated a request for proposal for the same last week, it has also invited architecture firms for the rest of the two projects. A pre-bid…
(TNIE) The United Arab Emirates can play a major role in India’s ambitious transition from a hydrocarbon economy to a gas-based economy as the two countries are “enjoying an excellent relationship, said Union Minister Dharmendra Pradhan, in an interview to Emirates news agency, WAM. “Although the UAE is not a primary supplier of gas, the country can be a big investment partner in some of India’s gas projects such as putting up the pipelines, Liquefied Natural Gas (LNG), terminals and city gas distribution networks,” Union Minister of Petroleum and Natural Gas, Pradhan added. “We have a very ambitious vision to…
(FE) Modi government and its ministers are highly active on social media. Recently a video which was shared on social media came to the attention of some famous names and an instant action within a day was taken by a minister of the current government. You might be speculating a lot of things! Let us get this straight. What actually happened, is that a video of an old lady was shared by the Chairman of Mahindra Group, Anand Mahindra, who is known for his tweets. In the video, the lady can be seen cooking using the firewood and amidst the smoke. The…
(LiveMint) In a major decision in the first meeting with a delegation from Jammu and Kashmir after removal of Article 370 and bifurcation of the state, Union Home Minister Amit Shah on Tuesday assured of providing ₹2 lakh life insurance cover to each panch and sarpanch in the newly-created Union Territory. The Home Minister also assured the delegation of restoring communications in the region according to the situation and full statehood when normalcy returns. Shah met the delegation of panches and sarpanches around 1 p.m. at his North Block office, almost a month after the Centre scrapped the Constitution’s Article 370 which gave special status to…
(ET) The Uttar Pradesh government plans to cover 29 million farmers under the PM Kisan Samman Nidhi minimum income support scheme by the end of September. The BJP-ruled state has revised its target after covering almost all of the 23.22 million farmers under the 6,000-a-year scheme as per the count of farmers in the 2011 Census. In a letter sent to all district magistrates in the state on Monday, the UP government said records of 23.18 million farmers in the state had beenfed into an online portal by district authorities for the PM Kisan Samman Nidhi scheme. The number represents…
(Hindustan) जम्मू-कश्मीर पर को लेकर तनाव के बीच पाकिस्तान (Pakistan) और भारत (India), सिख श्रद्धालुओं के लिए करतारपुर गलियारे (Kartarpur corridor) को लेकर मसौदा समझौते और उसे चालू करने को लेकर तीसरे दौर की वार्ता आज बुधवार को अटारी में करेंगे। भारतीय अधिकारी करतारपुर कॉरिडोर के संचालन के लिए एक मसौदा समझौते में कुछ गैप को खत्म करने का प्रयास करेंगे, जब वे 4 सितंबर को अटारी में अपने पाकिस्तानी समकक्षों से मिलेंगे। माना जा रहा है कि इस बैठक में कुछ उलझे वैचारिक मुद्दों को सुलझाने की कोशिश होगी। प्रस्तावित गलियारा पाकिस्तान के करतारपुर स्थित दरबार साहिब को गुरदासपुर जिला…
(PTI) Torrent Gas, a part of the Torrent Pharma Group, is expanding its city gas distribution (CGD) business by acquiring three companies. This is in addition to the 13 geographical areas it won in bidding. The fresh acquisitions take the company’s reach to 16 geographical zones in 32 districts and seven states. The company also plans to invest around Rs.10,000 crore in the business. The company has acquired Mahesh Gas in Pune from the Mahesh Group. It took over Siti Energy in Moradabad and Dholpur CGD from Essel Group. Mahesh Group could not start operations in Pune and exited the business…