Domestic gas prices may be fixed at $2 lower than the $8.8-per-unit price discovered by the Rangarajan commitee constituted to suggest changes in the production-sharing contract and future domestic gas-pricing mechanism.

Sources said the oil ministry agreed to the basic principle of gas pricing suggested by the panel, but wants it to be modified slighty to also take into account gas prices in countries such as Malaysia, Saudi Arabia, Qatar and Nigeria that account for a major portion of India's liquified natural gas imports.

Researchers have discovered a population of 200 of the world's rarest orangutans hiding in the forests of Indonesia.

Indonesia and Malaysia are witnessing almost a third of forest loss in the last 10 years due to the expansion of oil palm.
New Delhi, Feb. 4:

Growing palm oil trees to make biofuels could be accelerating the effects of climate change, new research showed on Wednesday, adding further weight to claims the crop is not environmentally sustai

Indian manufacturers of solar cells and modules would gain if the government imposes an anti-dumping duty, but it would also raise prices for project developers and eventually increase the price of

Incidents of rhino poaching and the illegal horn trade are at the highest levels in over 20 years, placing the survival of these species at great risk, according to a recent report by the Internati

Airlines, hotels and tour operators likely to see a boom in business activities

The ongoing Maha Kumbh Mela in Allahabad is projected to generate about Rs 12,000 crore of revenues and create over 6 lakh job opportunities. Airlines, hotels and tour operators are likely to witness a boom period in their economic activities due to the Maha Kumbh and contribute Rs 12,000 crore revenues to the state coffers in Uttar Pradesh.

Airlines, hotels, tour operators and Uttar Pradesh in general are likely to reap a windfall during the Maha Kumbh Mela in the state with the government likely to see its coffers swelling by Rs 12,000 crore, according to an industry body.

ASSOCHAM's paper 'Maha Kumbh Mela 2013- Possible Revenue Generation Resources for Uttar Pradesh' says that the pilgrimage would generate additional employment opportunities for over six lakh workers in sectors spanning airlines and airports, hotels, tours, infrastructure and also trigger a surge in medical and eco-tourism.

Almost 14,000 people were forced to flee their homes and seek shelter at relief centres due to floods triggered by torrential monsoon rains in Malaysia.