(ET) World oil demand will rebound more slowly in 2021 than previously thought as corona virus cases rise, OPEC said on Tuesday, adding to headwinds faced by the group and its allies in balancing the market. Demand will rise by 6.54 million barrels per day (bpd) next year to 96.84 million bpd, the Organization of the Petroleum Exporting Countries said in a monthly report. The growth forecast is 80,000 bpd less than expected a month ago. A further weakening of demand could threaten plans by OPEC and allies to taper in 2021 the record oil output cuts they made this year. OPEC…
Author: Aruna Sharma
(PTI) The Uttar Pradesh government issued guidelines on Tuesday for reopening of cinema halls, theatres and multiplexes with 50 per cent of their capacity from Thursday. The guidelines have been issued for opening of cinema halls, multiplexes and theatres, which are located outside the containment zone, Chief Secretary R K Tiwari said in a statement. In the cinema halls, there should be minimum six feet of distance between two individuals in the common area and waiting area. Arrangement of contactless sanitiser should also be made. Thermal screening of individuals will be done before they enter the auditorium. Only asymptomatic persons will…
(ET) India is “treading very cautiously” in its plan to privatise state-run oil refiner Bharat Petroleum Corp Ltd, Oil Minister Dharmendra Pradhan said on Tuesday, in a sign that the process could be delayed. New Delhi’s plan to sell its 53.29 per cent stake in BPCL was first announced in November 2019, and is part of a broader programme to spin off or sell stakes in dozens of state-owned companies. India had planned to sell the stake by the end of the fiscal year to March 2021. “Bharat Petroleum divestment is very much on the card per cent s,” Pradhan told a virtual energy conference. “But…
(LiveMint) After Pakistan, now China is trying to create a dispute at the border with India as if it were part of a “mission,” defence minister Rajnath Singh said on Monday as India and China held their seventh round of military talks. “You are well aware of the conditions created along our northern and eastern borders. First it was Pakistan, and now also by China, as if a border dispute is being created under a mission. We have a border of about 7,000 km with these countries where the tension continues,” Singh said as he virtually inaugurated 44 bridges in strategically important…
(PTI) Petroleum Minister Dharmendra Pradhan on Monday invited Kuwait to invest in India as he saw the oil-rich Gulf nation as an important and trusted partner in achieving energy security. Pradhan, on a two-day visit to Kuwait, first called on Sheikh Nawaf Al-Ahmed Al-Jaber Al-Sabah, the Emir of Kuwait, to offer condolences on the passing away of its former Emir Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah. He was carrying letters from President Ram Nath Kovind and Prime Minister Narendra Modi to the new leadership of Kuwait. “On behalf of Govt. of India, PM Shri @narendramodi and the people of India expressed sincere condolences to…
(PTI) Bharat Petroleum, which controls 11-12 per cent of the around Rs 35,000-crore engine oil market, has set a target of raising its market share to 13-14 per cent by March, given the rising rural demand as the farm sector is set for yet another bumper harvest. The second-largest national oil marketer is also expecting to increase its rural volumes to 60 per cent and above by the end of this fiscal, from 45-50 per cent now. Tractor oils are the largest selling product for the divestment-bound company that sells its lubes under the umbrella brand of Mak. “We hope to increase our…
(PTI) The GST Council in its meeting on Monday is likely to discuss the suggestion of non-BJP ruled states of setting up a ministerial panel to develop consensus on the issue of compensation, sources said. The Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising of state finance ministers, will for the third time in a row discuss the issue of funding the shortfall of Goods and Services Tax (GST) revenue of states. While some opposition ruled states are demanding that a Group of Ministers be set up to arrive at a decision on the mechanism for funding compensation…
(AU) प्रदेश में नारी सुरक्षा और सशक्तीकरण के लिए इस नवरात्र 9 दिनों का एक विशेष अभियान चलाया जाएगा। मुख्यमंत्री योगी आदित्यनाथ के निर्देश पर पहला चरण 17 अक्तूबर से 25 अक्तूबर तक चलेगा। इस अभियान को मिशन शक्ति नाम दिया गया है। इसे लेकर रविवार को मुख्यमंत्री योगी आदित्यनाथ के सामने एक प्रस्तुतिकरण दिया गया। शारदीय नवरात्र से बासंतिक नवरात्र के राम नवमी तक चलने वाले इस विशेष अभियान में ग्राम पंचायत से लेकर औद्योगिक इकाइयों तक, स्कूल कैम्पस से लेकर सरकारी विभागों तक, दुर्गा पंडालों से लेकर रामलीला के मंच तक, हर जगह महिलाओं की सुरक्षा और सम्मान…
(ET) The Modi government has put a Rs 40,000 crore bet on new technologies to decarbonise India’s vast reserves of Black Diamond as the world’s second-largest coal consumer continues to draw flak from climate activists and renewables chip away at demand from thermal power stations. In its latest initiative to find cleaner use for coal, state-run behemoth Coal India and its subsidiaries are in the process of setting up five projects to make methanol, or methyl alcohol, from coal using what is commonly known as CTL (coal-to-liquid) technology. Each of these projects is estimated to cost approximately Rs 6,000 crore.
(AU) सोमवार को चीन के साथ होने वाली उच्च-स्तरीय सैन्य वार्ता के सातवें दौर में भारत पूर्वी लद्दाख में टकराव के बिंदुओं से चीन द्वारा सैनिकों की पूरी तरह से जल्द वापसी पर जोर देगा। सरकारी सूत्रों ने यह जानकारी दी। सूत्रों ने बताया कि पूर्वी लद्दाख में वास्तविक नियंत्रण रेखा (एलएसी) पर भारत की ओर चुशूल में दोपहर 12 बजे वार्ता शुरू होगी। सूत्रों ने बताया कि वार्ता का एजेंडा पूर्वी लद्दाख में टकराव वाले सभी बिंदुओं से सैनिकों की वापसी के लिए एक रूपरेखा तैयार करना होगा। चीन अध्ययन समूह (सीएसजी) के शीर्ष मंत्रियों और सैन्य अधिकारियों ने…