Coal 2023: analysis and forecast to 2026
Latest IEA market report sees lower demand to 2026, based on current policies, but stronger actions are needed to drive a steeper decline towards meeting international climate goals. After reaching an
Fuel Pricing
-
Just words, no action
The FM wants credit for acting on environment, but does the wrong things The "mool mantra" of Budget 2013 is inclusive and sustainable development, says Finance Minister P Chidambaram. But, as far as the environment is concerned, there is no substance in the Budget that tells us how the direction of growth will be environmentally sound. Instead, the finance minister talks about the Cabinet Committee on Investment, which has been set up to fast-track clearances. There is no indication in his speech that this drive for investment will be cognisant of the needs for sustainability and will strengthen, not weaken, the regulatory system that governs green clearances.
-
An economic assessment of low carbon vehicles
Europe faces a significant economic challenge. Ahead lies the task of reining in public debt, revitalizing stagnant economies and creating new opportunities for millions of jobless workers. At the same
-
Political economy aspects of fuel subsidies: a conceptual framework
While notoriously inefficient, fuel subsidies are widespread, and in many cases politically stable. This paper discusses and models various political economy aspects of fuel subsidies, focusing on gasoline
-
Survey claims downturn is over, economy looking up
Pitches for cutting subsidies on oil, fertilizers Shrugging off the air of despondency over the gloomy state of the economy, the Economic Survey 2012-13 on Wednesday suggested a slew of hard, but good decisions to stick to the path of fiscal consolidation to rescue the economy out of the current morass. While disfavouring higher tax rates on the rich, even in the wake of the “danger” of missing fiscal targets for the current year, the Survey, tabled in Parliament by Finance Minister P. Chidambaram, pitched for cutting subsidies on oil and fertilizers, especially urea, and called for widening the tax base.
-
Revised pricing policy on cards for thermal coal
After deregulating diesel prices, the government may now propose to rationalise the price of thermal coal, used as fuel for power generation. If implemented, the proposed policy move could lead to a significant hike in domestic coal prices for generating stations and force them to increase tariff. On Tuesday, the railways had announced its plan to adopt fuel price-linked freight charges, which would lead to a 5-6% jump in coal transportation costs. The Economic Survey 2012-13 tabled in Parliament on Wednesday stressed on the need for adopting market-based pricing for all energy products.
-
Oil & gas sector calls FM's budget negative
Scrips of RIL, ONGC down The Finance Minister's announcement for the oil and gas companies did not cheer key players in the industry. Industry players gave a thumbs down to FM's proposal to review the oil and gas exploration policy and move from profit sharing to revenue sharing contracts. "The proposal to the move from profit sharing model to revenue sharing model marks substantial increase in risk profile for exploration and production companies. From an overall perspective, Budget 2013 has a negative bias for oil and gas industry," said Nabin Ballodia, Partner-Tax, KPMG India.
-
Govt is open to dual pricing of diesel at the pump: FM
Finance Minister P. Chidambaram, on Tuesday, said that while the Government was open to suggestions on dual pricing for diesel, it would be difficult to charge a market price for luxury cars and subsidised price for transport trucks at the same petrol pump. “We have knocked our heads together to see if it is possible to have dual prices of diesel at the same retail petrol pump outlet,” he said during Question Hour in the Rajya Sabha.
-
SC dismisses plea on gas pricing
The Supreme Court on Monday dismissed a petition seeking quashing of a government pricing policy that allegedly gives cheaper natural gas to industry as compared to domestic consumers. A bench headed by Justice Aftab Alam dismissed the plea of Manohar Lal Sharma, a lawyer who had presented his own calculation to claim that the present rate of supply of natural gas to the industry was R0.0075 per litre.
-
Railway Budget 2013: no hike in passenger fares
However, there is a hike in the additional charges that are levied The Railway Budget for 2013-14 today spared passengers from any further hike in fares but raised various other charges on tickets along with freight tariff of less than 5%. Presenting the Budget in the Lok Sabha, Railway Minister Pawan Kumar Bansal, who had effected an across-the-board hike in passenger fares only last month, said he does not intend to pass on the impact of deregulation of diesel price for now and the Railways will absorb a burden of Rs 850 crore on account of this.
-
Budget 2013: Treat natural gas on par with crude oil for tax exemptions
NEW DELHI: The oil and gas industry is hopeful that the budget may treat natural gas on a par with crude oil for tax exemption, which could revive investors' interest in future auction of oil blocks, but it does not see any strong commitment from the government on this matter. "We can only hope, but the finance ministry is adamant that the matter, which is sub judice in various IT appellate tribunals, cannot be resolved through the Finance Bill," a senior executive in an upstream firm said requesting anonymity.