(PTI) With the Centre slashing the excise duty on petrol and diesel, Bahujan Samaj Party (BSP) chief Mayawati on Sunday said it was the duty of not only Uttar Pradesh but also of other states to immediately announce a cut in VAT on fuel. Petrol price on Sunday was slashed by Rs 8.69 a litre and that of diesel by Rs 7.05 per litre following the government’s decision to cut excise duty on auto fuels, giving relief to consumers battered by high fuel prices that had pushed inflation to a record high In a tweet in Hindi, Mayawati said, “After a…
Author: Aruna Sharma
(IE) India will be the “critical driver of demand” in the energy sector in the next 10-20 years, Union Petroleum Minister Hardeep Singh Puri said, adding that the measures the Indian government has taken during the pandemic, which includes steps for energy security, could ensure that the country achieves its $5 trillion economy target before 2025. Puri was addressing a ‘Commerce and Industry 2.0’ session at the India Ideas Conclave in Bengaluru. “We have a problem in the short run…a global economy with $110 a barrel of oil is not sustainable. The inflationary situation in the US is at a 50-year-high,…
(ET) Power minister R K Singh insists that there is no coal shortage and states need to import coal to plug the mismatch between rise in electricity demand and fuel supply snags caused by spike in global prices. The good news is that our economy has bounced back strongly, and we are seeing a 15% increase in electricity demand. Coal production capacity has grown but not so fast as it takes almost three years to start a mine. Simultaneously, international prices of coal shot up from around $40 to $140 a tonne. All our imported coal-based plants, with around 17,000-megawatt capacity,…
(DJ) तेल विपणन कंपनियों (ओएमसी) ने तत्काल प्रभाव से 14 किलो घरेलू रसोई गैस सिलेंडर की कीमत में 3.50 रुपये की बढ़ोतरी की है। इस वृद्धि से अब दिल्ली में 14 किलो के सिलेंडर की कीमत 1003 रुपये हो गई है। मुंबई में, घरेलू एलपीजी की कीमत 1002.50 रुपये प्रति सिलेंडर हो गई है जबकि कोलकाता में एक उपभोक्ता को 14 किलो के सिलेंडर के लिए 1,029 रुपये खर्च करने होंगे। वहीं, चेन्नई में ग्राहकों को घरेलू सिलेंडर के लिए आज से 1,058.50 रुपये खर्च करने पड़ेंगे। इन शहरों में सबसे ज्यादा कीमत चेन्नई में है। बता दें कि इससे…
(ET) ONGC is weighing the options of placing more bids for Western companies’ stakes in multiple Russian oil and gas fields even as its first bid for Shell’s 50% stake in Salym fields in Siberia has not been accepted, people familiar with the matter said. “The war will not last forever, nor will the sanctions. We must move to secure our energy supplies,” said one of these persons. “We understand the risk and we are willing to take the risk.” The company is evaluating the option to bid for Shell’s 27.5% interest in the Sakhalin-II oil and gas project and ExxonMobil’s…
Power Ministry has issued directions to all Gencos that if the orders for import of coal for blending are not placed by Gencos by 31.05.2022 and if the imported coal for blending purpose do not start arriving at the power plants by 15.06.2022, all the defaulter Gencos would have to import coal for blending purpose to the extent of 15% (in order to meet shortfall of imported coal for blending purpose in Quarter1 i.e. Apr-June 2022) in the remaining period upto 31.10.2022. It has further said that not much blending has taken place in the months of April and May…
Ministry of Heavy Industries (MHI) has signed an MoU with National Research Development Corporation (NRDC) for undertaking various activities for smooth implementation of the Scheme for Enhancement of Competitiveness in the Indian Capital Goods Sector in the presence of Dr. Mahendra Nath Pandey, Union Minister of Heavy Industries and Secretary, MHI, Shri Arun Goel here today. CMD, NRDC, Commodore Amit Rastogi (Retd) from NRDC and Shri Vijay Mittal, Joint Secretary on behalf of MHI signed the MoU. As per the MoU, NRDC will conduct the activities like evaluation and review of the scheme, management of intellectual property rights and commercialization support…
The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the Amendments to the National Policy on Biofuels -2018. The “National Policy on Biofuels – 2018” was notified by Ministry of Petroleum and Natural Gas on 04.06.2018 in supersession of National Policy on Biofuels, promulgated through the Ministry of New & Renewable Energy, in 2009. Due to advancements in the field of Biofuels, various decisions taken in the National Biofuel Coordination Committee (NBCC) meetings to increase biofuel production, recommendation of the Standing Committee and the decision to advance to introduce Ethanol Blended Petrol with up to twenty per…
(Zee News) Since March 2020, the railways have generated additional revenue of over Rs 1,500 crore from senior citizen travellers in two years, when the assistance was suspended after the onset of the Covid-19 pandemic, an RTI response has found. In its reply to a Right to Information query filed by Madhya Pradesh-based Chandra Shekhar Gaur, the Railways said that between March 20, 2020, and March 31, 2022, the Railways did not offer concessions to 7.31 crore senior citizen travellers. These included 4.46 crore males over the age of 60, 2.84 crore females over 58, and 8,310 transgender people. The…
(ET) The Centre has eased the wheat export ban by allowing the consignments already with customs on or before May 13 to go through.”It has been decided that wherever wheat consignments have been handed over to Customs for examination and have been registered into their systems on or prior to May 13, such consignments would be allowed to be exported,” the commerce ministry said in a statement. A wheat consignment headed for Egypt has also been allowed to proceed. It is under The Centre has eased the wheat export ban by allowing the consignments already with customs on or before May…