The 2025 Interconnected Disaster Risks report shifts focus from diagnosing problems to mapping out solutions. It establishes that many of today’s solutions are surface-level fixes, and that to create lasting change, we need to question the societal structures and mindsets that perpetuate these challenges. The report offers a more holistic …
Proposed Duty Cuts To Hasten Its Advent THE reported proposal to reduce excise on polymers, plastics and other petrochemical products makes ample sense. The duty reduction on the cards would reduce costs, boost demand and, generally speaking, positively affect a host of downstream industries, including synthetic textiles. The proposal to …
ARUN DUGGAL YOU should never make predictions, especially about the future', advised Samuel Goldwyn. Forecasting future price of oil is even more hazardous. Yet, in this article we gaze into the crystal ball to guess where the price of oil is headed. Last month Mr Alexei Miller, CEO of Russia's …
Experience Shows Windfall Tax Can Dampen Investor Confidence, Cut Reinvestment And Stultify Markets & Growth THE recent, select demands to levy windfall taxes on private-sector petroleum companies does call for a proper policy debate. It's a current issue in public finance, no doubt driven by the recent flare up in …
Oil prices tumbled Tuesday as US stocks sold off amid worries about America's economic health. Prices dropped more than $10 a barrel from their highest point of the day. At midday, light, sweet crude fell $6.27 to $138.91 in an extremely volatile session. The turnaround may not signal a lasting …
There is no alternative but to free the oil sector from price management and create a vibrant competitive market. This entails removal of entry barriers, third-party access to key oil infrastructure such as ports and terminals, says T N R Rao. IF ONE thought that the credit crunch triggered by …
Press Trust Of India / Lima July 09, 2008, 0:12 IST Reliance Industries (RIL) has signed an agreement with Peru's Perupetro to jointly explore for oil and gas in the Andean country,Cesar Gutirrez ,president of Peru's state-run firm, said. "We'll be formalising the agreements reached in these past weeks. Also, …
Opec president Chakib Khelil warned on Sunday that oil prices will continue to rise because of the falling dollar, in an interview in the Algeria-News. "The price of oil will rise again in the coming weeks. We have to follow the evolution of the dollar, because a 1% fall in …
Rakteem Katakey / New Delhi July 04, 2008, 0:43 IST India's search for oil to meet its growing energy needs is taking its flagship company, Oil and Natural Gas Corporation (ONGC), to every corner of the world. ONGC's latest destination is Angola, which produces around 1 per cent of the …
LONG before the fuel price increase was announced on June 4, its political dimensions had come up time and again in discussions among partners of the United Progressive Alliance (UPA) government at the Centre. The debate was on even during the run-up to the Assembly elections in Karnataka, which were …
Chaturvedi Panel Feels States Should Follow Centre's Example To Contain Petro Price Spiral STATES, which have earned a whopping Rs 65,000 crore as tax revenues from the oil sector in 2007-08 thanks to the high oil prices, may now have to relook at their tax structure. The high-level committee constituted …
Madrid: Iran on Wednesday refused to follow Saudi Arabia in raising its crude production to calm volatility in the international oil markets, even as it remained ambivalent on whether Tehran will use oil as a weapon to retaliate if its nuclear installations came under attack from Israel. "We have some …
MADRID: In a clear indication that India - and other developing economies - had better get used to high oil prices, the cartel of oil exporting countries, which fuels four out of every 10 consumer, on Monday threw out finance minister P Chidambaram's suggestion that OPEC should restore the price …
the Bangladesh government is mulling over not giving out new gas connections as a measure to check the depleting supply in the country. The measure comes at a time when the demand of gas is increasing everyday in the country.
ANIKET ALAM In the last week of April, India announced a us $5.4 billion credit to African countries for developing their infrastructure and meeting other development goals. This five year package also included duty free imports from 50 Least Developed Countries, of which 34 are in Africa. The government also …
Sujay Mehdudia NEW DELHI: With the Finance Ministry clearing the air on the tax breaks for oil and gas production related activity, the seventh round of the New Exploration Licensing Policy (NELP) could well evoke poor response from the international and domestic investors. While refusing to extend any further the …
Atul Aneja DUBAI: India's Oil and Natural Gas Corporation (ONGC) has discovered a new oil field in Iran, the website of Iran State television said. "India's ONGC has discovered a new oil field in the Farsi oil block of the Persian Gulf,' Mahmoud Zirakchianzadeh, the managing director of Iran's State …
THE spectacular rise in prices of crude oil and some food items may have hogged the limelight the world over, but the increase in prices of some fertilisers has left some other commodities pale in comparison. An official study on price movements of select food, energy and fertilisers shows that …
With Petroleum and Natural Gas Minister Murli Deora petitioning Prime Minister Manmohan Singh for restoration of tax breaks for producers of oil and gas, the final call on the issue is likely to be taken by the Union Cabinet. A decision is expected before June 30, the last date for …
State-owned exploration giant Oil and Natural Gas Corporation on Monday decided to exit the Rs 25,600 crore Kakinada refinery, petrochemicals and SEZ project. It will be replaced by infrastructure major GMR Group which would get 51% equity in the venture, that had also been eyed by the Hinduja group. "We …
Oil crisis is changing business practices and lifestyles High oil prices affect everybody, from the poor man to the captain of industry. In India, the government has not passed on the increase in the price of crude to consumers fully, but double-digit inflation has meant that everybody is bearing the …
