(PTI) The government has extended the time till March 6 for bidders to pose additional queries regarding sale of its 100 per cent stake in Air India. The government has issued the first set of clarification on Air India disinvestment answering queries of interested bidders on the ‘confidentiality undertaking’ listed out in the Preliminary Information Memorandum (PIM) issued on January 27. The last date for submission of written queries on PIM and Share Purchase Agreement (SPA) was originally set at February 11, following which the Department of Investment and Public Asset Management (DIPAM) on February 21 issued a set of…
Author: Aruna Sharma
(BS) US Energy Secretary Dan Brouillette and Union petroleum and Steel Minister Dharmendra Pradhan co-chaired the US-India Energy Cooperation Roundtable to review strategic partnership in the energy sector. It was attended by the US and Indian energy firms. “Had a productive engagement with players from the US and India to advance energy security with the objective of achieving energy justice,” said Pradhan.
(PTI) Power Minister R K Singh on Monday said India will eventually be an electricity-based economy, as the nation is embarking on power usage for running vehicles and cooking food. “The entire power sector is going through change and this change will continue. We want to electrify our whole economy. The energy would be through electricity rather than through petroleum products or other forms of energy,” Singh said at a function to mark 10 years of state-run Energy Efficiency Services Ltd (EESL) here. The minister said, “Besides mobility, the next target would be cooking by electricity. So, we will electrify…
(PTI) Union Steel Minister Dharmendra Pradhan on Monday urged Japanese investors to invest in India’s steel sector, saying the country offers a fast-growing market and steel consumption will more than double in the coming years. Pradhan also assured investors that India will provide necessary support to facilitate them in setting up businesses. He was speaking at a ‘Workshop on Enabling Procedures for Increase of Steel Usage for the Growth of Economy’ event organised by jointly ministry of steel, industry body CII and Ministry of Economy, Trade and Industry, Japan.“We are here to discuss topics such as increase of steel usage in…
(PTI) Natural gas prices in India are likely to be cut by a steep 25 per cent beginning April, in line with the slump in global rates, sources said.The price of most of the natural gas produced by state-owned ONGC and Oil India Ltd, which account for the bulk of India’s existing gas output, is likely to be cut to around USD 2.5 per million British thermal unit for the six-month period beginning April 1, from USD 3.23 as of now. This will be the second reduction in six months and will reduce rates to the lowest in two-and-half-years. Sources said the price of gas produced from…
(LiveMint) New India is not ready to continue with the old approach, especially women who are taking up new challenges and creating positive change in the society, Prime Minister Narendra Modi said during his monthly radio programme, Mann Ki Baat. The diversity of the country is the pride of every citizen and the diversity of culture is visible at the Hunar Haat programme in Delhi where people of different states showcased the traditional products of their states, Modi said. “Our new India is not ready to continue with the old approach. The women of new India are coming forward to take…
(LiveMint) As part of India’s push for a gas based economy, state run Indian Oil Corporation Ltd (IOCL) is expected to ink an agreement with ExxonMobil, one of the world’s largest publicly-traded energy firms, and Chart Industries Inc. for transporting gas through containers during the US President Donald Trump’s visit to India, said two people aware of the development. The proposed plan in the works is to provide gas access in regions where the gas grid is not present and comes in the backdrop of US pitching itself as a preferred energy partner to India. “There has been an MoU (memorandum…
(The Indian Express) Two years ago, 38-year-old homemaker Sheela started using an LPG cylinder for cooking at her house in Garshi village near Shimla. Switching to a new fuel after years of cooking over firewood on a chulha (clay stove), Sheela said she was struck by the ease of use. “On a chulha, it sometimes took half an hour just to start the fire. Then you have to constantly manage the fire while cooking. One benefit of using LPG is that I can prepare tea instantly for my guests,” she said. Sheela is one of the two women in her…
(DD News) Union Minister Dharmendra Pradhan said that the steel industry has an important role to play in making India a five trillion dollar economy. During his two-day visit to Chhattisgarh, Union Steel Minister visited the Bhilai Steel Plant in Durg district and held meetings with the plant officials. He directed the officials of Steel Authority of India Ltd- SAIL to draw an Action Plan to enhance production and ensure safety at its plants. The Minister also held a discussion with the representatives of MSMEs to promote steel ancillaries in the region by developing a supporting local eco-system.Union Minister for Petroleum,…
(LiveMint) Ahmedabad, which will host a massive rally in honour of US President Donald Trump, wore a festive look with just hours to go before the Air Force One aircraft touches down at the Sardar Vallabhbhai Patel International Airport in the city. An unprecedented security blanket has been thrown over the city for Trump and First Lady Melania Trump, who left Washington on Sunday en route to Ahmedabad to start their India trip. The Trumps will spend three-and-a-half hours in the heritage city, divided between photo-ops at Sabarmati Ashram and the Namaste Trump event at Motera stadium. “I haven’t seen such a bandobast here even…