The Ministry of Petroleum & Natural Gas is concerned with exploration and production of Oil & Natural Gas, refining, distribution and marketing, import, export and conservation of petroleum products. Oil and Gas being the important import for our economy, many initiatives have been taken by the Ministry for increasing production and exploitation of all domestic petroleum resources to address the priorities like Energy Access, Energy Efficiency, Energy Sustainability and Energy Security. PRADHAN MANTRI UJJWALA YOJANA (PMUY) With the objective to provide clean cooking fuel to poor households, especially in rural areas ensuring universal coverage of LPG as cooking gas in…
Author: Aruna Sharma
(ET) India aims to invest in producing oil and gas fields abroad to compensate for falling domestic output and to help reduce the impact of oil price volatility, the oil minister said on Tuesday.India, the world’s third biggest oil consumer, imports about 80% of its oil needs, making it highly susceptible to crude price swings. “Today we are very much focused to invest in producing fields,” Oil Minister Dharmendra Pradhan said, adding that the eastern part of Russia was an area “we are concentrating on.”He said India was negotiating with Russia’s Rosneft to invest in eastern Russia.
(ET) Union Oil Minister Dharmendra Pradhan said India is in talks with Russia’s oil giant Rosneft to invest in Far East Russian cluster for ensuring energy security. India has already made its biggest energy investments in Russia in the past with state-owned firms having spent close to USD 10 billion in acquiring stakes in oilfields such as Sakhalin-1, Taas-Yuryakh and Vankor and Siberia-focused company Imperial Energy. “In Russia, we are also negotiating with state-owned company Rosneft to invest in their eastern cluster. With the change in geopolitical situation, the eastern part of Russia is coming as a promising proposition and we are concentrating on…
(AU) कंपकंपाती ठंड ने मंगलवार को दिल्ली का 22 साल का रिकॉर्ड तोड़ दिया। अधिकतम तापमान 1997 के बाद सबसे नीचे 12.2 डिग्री सेल्सियस रहा। 1997 में यह 11.3 डिग्री सेल्सियस पहुंच गया था। पश्चिमी हिमालय से बहने वाली सर्द हवाओं ने दिल्ली-एनसीआर समेत पूरे उत्तर भारत में पारे को लुढ़का दिया है। पंजाब, हरियाणा, चंडीगढ़, पश्चिमी उत्तर प्रदेश समेत यूपी का अधिकांश मैदानी इलाका ऐसी ही ठंड की चपेट में रहे। मौसम विभाग का पूर्वानुमान है कि पूरे उत्तर भारत में बुधवार को भी ऐसे ही हालात बने रहेंगे। हालांकि बृहस्पतिवार से तापमान बढ़ने की उम्मीद है। मौसम विभाग…
(ET) Six companies under power and coal ministries paid their employees Rs 175 crore as perks, allowances and ex-gratia beyond government’s guidelines, the Comptroller and Auditor General (CAG) said in a report. The amount was paid to employees of NLC India, NTPC, NTPC-Sail Power Company Ltd (NSPCL), Power Finance Corporation, Rural Electrification Corporation and THDC India. NLC India paid its employees a total Rs 26.83 crore, which included two special golden jubilee increments from January 2006. In 2009, it distributed two-gram gold coins to employees completing 30 years of service in the company. In January 2016, it introduced long service award in the form of five-year National Savings…
(ET) Refiners are seeking government support for their plan to raise consumer prices to recover heavy investments they have made in upgrading their facilities to produce less polluting Bharat Stage-VI fuel. Refiners will need to recover an additional 80 paise a litre on petrol and Rs 1.45 a litre on diesel for five years for a decent return on their investments, according to industry executives. State-run refiners, including Indian Oil Corporation, Bharat Petroleum Corporation, Hindustan Petroleum Corporation and Mangalore Refinery and Petrochemicals, have together spent about Rs 35,000 crore in upgrading their units for BS VI-compliant fuels, to meet the official target of supplying…
(PTI) Defence Minister Rajnath Singh has said that India is impacted to some extent by the global economic slowdown but expressed confidence that the country will come out of the difficult situation within a short time. Singh, who arrived in the US on Monday for the 2019 US-India 2+2 Ministerial Dialogue in Washington DC on December 18, addressed members of the Indian community at educational organisation Asia Society here at an event organised by the Consulate General of India. He said currently the world over, there is a talk of a global economic slowdown. “I also accept that there is global economic…
(PTI) The GST Council will meet on Wednesday to review the taxation structure for shoring up the revenue as lower-than-expected collections has led to a delay in compensation payment to states. Some of the states such as West Bengal have opposed any hike in cess rates or rate calibration amid a slowdown in the economy, stating that consumers as well as the industry are passing through a distressing time. With the revenue shortfall looming large, there have been suggestions for raising GST rate and cess to meet the gap. The GST Council headed by Finance Minister Nirmala Sitharaman had sought…
BHEL has won the Indian Green Energy Award 2019 in the category, Outstanding Renewable Energy Generation Projects (Solar) for its 7.5 MWp Solar PV Plant at Trichy. The award was received by Sh. Anil Kapoor, Director (HR), BHEL from Sh. Nitin Gadkari, Hon’ble Union Minister of Road Transport & Highways and MSME, in the presence of Dr. Rajiv Kumar, Vice Chairman, Niti Aayog. The award has been instituted by the Indian Federation of Green Energy (IFGE), a partnership of committed groups of visionaries and stakeholders from diverse industries and services, for creating a sustainable ecosystem and mitigating challenges and concerns.
(ET) Taking into consideration the push needed to boost consumption, Finance minister Nirmala Sitharaman said that the govt is making sure steps are taken to improve consumption and put money in the hands of the consumer. She was speaking at the India Economic Conclave organised by the Times Network. To achieve that goal, the government is working to give a push to schemes like MGNREGA and PM Kisan to put money into the hands of the consumer.She said that the government has expedited payments to those who have rendered services especially the MSME sector.She said that the government is making all…