(ET) Oil and Natural Gas Corp, Bharat Petroleum and Oil India have begun making their share of payment of about $2 billion towards the much-delayed Mozambique liquefied natural gas (LNG) project. Three state-run firms have a combined 30% participating interest in the Mozambique gas project, which made a final investment decision last year to spend about $15 billion on developing gas fields and liquefaction project. About 60% of the project cost is planned to be funded by debt while the balance 40% would be shared as equity contribution by all stakeholders proportionately. Of the $6 billion equity component, Indian firms will contribute…
Author: Aruna Sharma
(Hindustan) केंद्रीय बजट से पहले प्रधानमंत्री नरेंद्र मोदी नीति आयोग में आज अर्थशास्त्रियों के साथ बैठक करेंगे। माना जा रहा है कि वह देश का अर्थव्यवस्था, जीडीपी ग्रोथ रेट और मौजूदा आर्थिक हालातों को लेकर चर्चा करेंगे। बजट से पहले और कल सांख्यिकी मंत्रालय के जीडीपी को लेकर जारी पूर्वानुमान से पहले ये मुलाकात काफी अहम मानी जा रही है। कल सांख्यिकी मंत्रालय ने चालू वित्त वर्ष 2019-20 में सकल घरेलू उत्पाद (GDP) के अनुमानों की घोषणा की थी। मंत्रालय के जारी आंकड़ों के मुताबिक जीडीपी 5 फीसदी रह सकती है, जो बीते साल 2018-19 में 6.8 फीसदी थी। भारतीय रिजर्व बैंक (RBI) ने भी…
(LiveMint) India has started consultations with the World Bank as its technical partner to implement an ambitious global electricity grid plan pitched by Prime Minister Narendra Modi. With the world grappling with climate change concerns, a senior government official said the multilateral funding organization may prepare a feasibility report for the project announced in October 2018, that can further bolster India’s image as a clean energy champion. The proposed global grid plans to leverage solar power generated in one geography to feed the electricity demands of other nations. This comes against the backdrop of China’s attempts to co-opt countries into…
(Hindustan) पहाड़ों पर बर्फबारी तो मैदानी इलाकों में बारिश का दौर बुधवार को भी जारी रहा। लखनऊ समेत यूपी के कई जिलों में अच्छी बारिश हुई। इससे ठंड बढ़ गई है। कुछ स्थानों पर ओले गिरने की भी सूचना है। मौमस विभाग के अनुसार बारिश का सिलसिला गुरुवार को भी जारी रह सकता है। लखनऊ में दिन में तापमान सामान्य से सात डिग्री कम 14.1 रहा। सुबह से शाम तक 4.2 मिमी, बारिश दर्ज की गई। वहीं, वाराणसी समेत पूर्वांचल के कई जिलों में बुधवार को अचानक मौसम बदलने से तापमान में गिरावट दर्ज की गई। मंगलवार को अच्छी धूप…
(PTI) The World Bank has projected a five per cent growth rate for India in the 2019-2020 fiscal, but said it was likely to recover to 5.8 per cent in the following financial year. The growth rate for Bangladesh has been projected to remain above seven per cent through the forecast horizon and, in Pakistan, it is projected to languish at three per cent or less through 2020 as macroeconomic stabilisation efforts weigh on economic activity, the bank said in its latest edition of the Global Economic Prospects. “In India, where weakness in credit from non-bank financial companies is expected…
(AU) तीसरे खेलो इंडिया युवा खेलों का रंगारंग आगाज 10 जनवरी को असम में होगा। इस उदघाटन समारोह में प्रधानमंत्री नरेंद्र मोदी शिरकत करने नहीं जाएंगे। इस बात की पुष्टी भाजपा के राज्य इकाई के प्रवक्ता रूपम गोस्वामी ने बुधवार को की है। उन्होंने कहा कि हमने पीएम मोदी को आमंत्रित करने के लिए पीएमओ को एक निमंत्रण भेजा था, लेकिन इस पर कोई पुष्टि नहीं हुई है। बता दें कि खेलो इंडिया युवा खेलों में 37 राज्यों और केंद्रशासित प्रदेशों के 6800 खिलाड़ी 20 खेलों में हिस्सा लेंगे। केंद्रीय खेल मंत्री किरण रिजिजू और असम के मुख्यमंत्री सर्बानंद सोनोवाल शुक्रवार…
(LiveMint) The Union cabinet on Wednesday approved opening up of coal mining and further disinvestments, apart from deciding that the Centre will shoulder 60% of the expense for the North East Gas Grid project. It also extended the validity period of mining lease clearances ending in 2020 by two years. In an attempt to attract investments in coal mining, the Cabinet approved the promulgation of Mineral Laws (Amendment) Ordinance 2020. The ordinance allows coal mining by any company present in sectors other than steel and power, and does away with the captive end-use criteria. While the move will help create an…
(DH) To speed up the slow pace of expansion of the Piped Natural Gas (PNG) network in the city, GAIL Gas Limited tried out a new payment strategy and a registration fee waiver. The company now says it paid off, attracting over 21,000 new customer registrations since October 2019. A GAIL spokesperson told DH that the upfront fee of Rs 5,800 for new connections was found to be a bit hefty for many. To address this, the company introduced three payment options on October 2, 2019. This, the spokesperson said, did the trick. “It has gone really well with the…
(ET) Giving a major boost to development of natural gas grid in North East India, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi approved Viability Gap Funding/ Capital Grant of 60% of the estimated cost of Rs. 9,265 crore for the project to Indradhanush Gas Grid Limited (IGGL). The North East Gas Grid project is being implemented by IGGL, a Joint Venture company of five CPSEs (GAIL, IOCL, ONGC, OIL and NRL). The total length of the pipeline is planned to be 1,656 km and will be built at estimated cost of Rs. 9,265 crore…
HPCL’s Chairman and Managing Director, Shri M K Surana was conferred with Best CEO award for Oil and Gas Sector by Business Today at Business Today MindRush Conclave in Mumbai on 13th December 2019. The award was presented by Hon’ble Minister P&NG and Steel, Shri Dharmendra Pradhan. This year 240 number of companies qualified for the Business Today Best CEO Survey out of which 21 were from Banking, Financial Services and Insurance (BFSI) sectors and 219 were non-BFSI. The Best CEO survey, which has been conducted since 2012, has evolved over time to capture the nuances of organizational and individual…