(FE) Union coal minister Pralhad Joshi said that India is currently one of the lowest in terms of per capita consumption of power as compared to the developed countries, and electricity demand here is expected to double by 2040. The government had offered 67 blocks under the second round of auction in August for commercial mining, out of which only eight mines could be put up for final bidding. In the maiden auction round under the commercial coal mining policy, held in November last year, as many as 19 mines out of the 38 offered could be auctioned off. Currently,…
Author: Aruna Sharma
(NDTV) CNG price in the national capital on Friday was increased by ₹ 2.28 per kg and piped cooking gas supplied to households by ₹ 2.10 following a 62 percent hike in natural gas prices. “Consequent upon recent notification of Govt. of India increasing the prices of domestically produced Natural Gas by 62%, Indraprastha Gas Limited (IGL) today announced revision in the selling prices of Compressed Natural Gas (CNG) … to marginally offset the impact on account of increase in its input gas cost,” the firm said in a statement. This revision in prices would result in an increase of ₹ 2.28 per kg in the…
(PTI) India’s latest bid round for 21 oil and gas blocks attracted just three bidders, two of whom were state-owned explorers Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL), according to upstream regulator DGH. As many as 21 blocks or areas were offered for exploration and production of oil and gas in the Open Acreage Licensing Policy (OALP) Bid Round-VI, for which bidding closed on October 6. Besides ONGC and OIL, Sun Petrochemicals was the only other company to have bid, according to ‘Summary of Bids Received Against Offered Blocks’ posted by the Directorate General of Hydrocarbons (DGH).Of…
(PTI) Rooftop solar firm MYSUN has bagged 140-megawatt (MW) open-access solar power projects from the Uttar Pradesh Power Transmission Corp Ltd (UPPTCL), according to a company statement. “MYSUN, India’s leading distributed solar company, has been allocated 140-MW solar projects under the captive/open access mode by the Uttar Pradesh Power Transmission Corporation Ltd (UPPTCL),” the company said in a statement. The allocation process saw active participation from most of the large solar developers from all over the country, the firm added. It will promote the use of solar energy in Uttar Pradesh for large industries and corporations. The latest round of allocation…
(LiveMint) We expect the monetary policy committee (MPC) to keep all key policy rates unchanged in the upcoming monetary policy on 8 October. Just like the US Fed has signalled to the market that tapering of asset purchases should not be interpreted as a timing signal for rate hikes, we think the Reserve Bank of India (RBI) will also communicate the same in the upcoming monetary policy. Or in other words, RBI will gradually start the normalization process in the October policy, but do so while keeping the accommodative monetary stance unchanged, thereby delinking its liquidity absorption actions from acting…
(PTI) Petrol and diesel prices were hiked again on Sunday to send rates soaring to new record highs across the country but top government officials insisted oil companies haven’t passed on the entire increase warranted from international oil and gas rising to three-year highs and have ensured UK-like situation of pumps going dry isnt seen anywhere in India. Petrol price for the third straight day hiked by 25 paise a litre and diesel by 30 paise, according to a price notification of state-owned fuel retailers. This sent petrol price in Delhi to its highest ever level of Rs 102.39 a litre…
Mr. Sanjeev Tokhi has taken over as the Director (Exploration) on 4th October 2021 to join the Board of ONGC’s wholly-owned subsidiary, ONGC Videsh Limited (OVL). In his 33 years of illustrious career, Mr. Tokhi commands a diversified exposure in all facets of exploration from Acquisition, Processing and Interpretation (API) to Petroleum Basin Modelling and Project Economics. Under his stewardship, acquisition of state-of-the-art broadband seismic in Mumbai Offshore and consequent analysis of the data led to a number of discoveries, accreting hydrocarbon resources of over a hundred million metric tons. His leadership capabilities left indelible marks in a number of important…
(NDTV) Finance Minister Nirmala Sitharaman on Friday stated that the Goods and Services Tax (GST) Council discussed the topic of inclusion of petrol and diesel under the tax structure after the Kerala High Court order. “On the direction of court it was brought on to table but members spoke very clearly they do not want it to be included in GST,” Ms Sitharaman said. “This will be reported to the high court as the GST Council felt it was not the time to bring petroleum products under the GST,” she added. In June, the Kerala High Court, based on a writ…
(PTI) External Affairs Minister S Jaishankar met with his counterparts from Iran, Armenia and Uzbekistan and exchanged views on the recent developments in Afghanistan, confronting regional challenges and the ways to boost bilateral ties. Jaishankar, who is in the Tajik capital to attend a key meeting of the Shanghai Cooperation Organisation (SCO) on the situation in Afghanistan after its takeover by the Taliban last month, in a tweet said he was glad to meet Iranian Foreign Minister Hossein Amir Abdollahian on the sidelines of the SCO meet in Dushanbe. “Discussed strengthening our bilateral relations and working together on regional challenges,…
Shri Rajeev Chandrasekhar, Minister of State for Electronics & Information Technology and Skill Development and Entrepreneurship today visited Government ITI Kohima. During his visit he inaugurated the Entrepreneurship Development Centre at Government ITI Kohima Complex which is made in collaboration between the Department of Employment Skill Development and Entrepreneurship, Government of Nagaland and IIE, Guwahati. The EDC was established under the SANKALP project of the Ministry of Skill Development and Entrepreneurship, Government of India. He also inspected the Mobile Skill Morung which is a Training Workshop on Wheels to address the skilling needs of the rural youths established under SANKALP project…