The IMF’s April 2025 Regional Economic Outlook for Sub-Saharan Africa presents a clear warning: regional growth is slowing, debt pressures are mounting, and donor assistance is declining. Yet the report outlines critical opportunities particularly in domestic revenue mobilization, structural reform, and private sector activation that can shape a more resilient …
Says state transport undertakings may soon get subsidised diesel Making a partial U-turn on the recently-introduced policy of a dual-pricing system for diesel, Petroleum Minister M Veerappa Moily on Tuesday said the government might soon supply subsidised diesel to state transport undertakings (STUs). In January, the government had decided that …
To cut down the outflow of dollar and increase the rupee trade for purchase of more crude oil from Iran, the Finance Ministry has asked the Petroleum Ministry to take immediate steps to make the Energy Insurance Pool operational. In a letter to Petroleum Secretary Vivek Rae, the Secretary of …
Judgement of the of Supreme Court of India in the matter of GAIL (India) Limited Vs Gujarat State Petroleum Corporation Limited regarding fixation of price of the gas supplied by GAIL.
The Cabinet Committee on Economic Affairs is likely to take up on Thursday the Power Ministry’s proposal for a Rs.11,000 crore subsidy payout to cover the hiked electricity tariffs on account of the proposed price pooling of gas. This will help kick-start about 18,000 MW of gas-based projects. The Power …
The government auditor wants to know steps taken to ensure that the firm delivers gas at $4.2 mbtu The Mukesh Ambani-owned Reliance Industries Limited (RIL) is in for more trouble as the Comptroller and Auditor-General has questioned the Petroleum and Natural Gas Ministry over the recent gas price increase and …
Contracts to be awarded in the next few months: Chairman A host of contracts for the five million tonne per annum liquefied natural gas terminal proposed in Ennore are to be awarded over the next few months with Indian Oil Corporation, which is setting up the project, deciding to go …
Another PIL has been filed in the Supreme Court seeking cancellation of the contract awarded to Reliance Industries Ltd (RIL) and Canada-based NIKO Resources for exploration and production of natural gas at the Krishna-Godavari Delta block (KG-D6). The PIL by NGO Common Cause, former Cabinet Secretary TSR Subramanian, former naval …
It suggested a comprehensive technical study on cost estimates of gas production, covering the aspects of cost recovery and technical parameters Parliament’s standing committee on finance, headed by former finance minister Yashwant Sinha, on Wednesday tabled its report on gas pricing, asking the government to review its decision to increase …
The Supreme Court on Monday issued notices to the government, Reliance Industries (RIL) and Oil Minister Veerappa Moily on a petition that challenges the Cabinet decision to raise natural gas prices and seeks a bigger financial penalty on RIL for alleged suppression of gas output in anticipation of higher prices. …
This, after PIL seeks rethink on govt's decision on gas pricing based on Rangarajan formula The Supreme Court today sought a response from the Centre and Reliance Industries on a public-interest litigation (PIL) filed by CPI leader Gurudas Dasgupta and former power secretary EAS Sarma. The matter is scheduled for …
India only major vehicle producing country in the world without fuel saving standards for cars. By 2030, India will be importing 94 per cent of its crude oil. But the country is making no serious efforts to prepare a fuel saving roadmap for all modes of transport, says CSE. Estimates …
Essar, Reliance aim to produce 6.5 mmscmd coal bed methane gas in next two years India’s gas supply is expected to get a boost from coal bed methane (CBM) after the government removed uncertainty over its pricing. Essar Oil and Reliance Industries will add about 6.5 million standard cubic meters …
The government’s decision to double the prices of natural gas will hurt the prospects of the consumer industries like power and fertiliser. Rating agency ICRA said in a report the CCEA approval of the Rangarajan gas pricing formula is positive for the upstream sector’s earnings and sentiments but negative for …
More than 3.5 million mothers and children under five die unnecessarily each year due to the underlying cause of undernutrition, and millions more are permanently disabled by the physical and mental effects of a poor dietary intake in the earliest months of life. By the time children reach their second …
Cabinet nod to Rangarajan formula; price fixed at $8.4/mBtu The Cabinet Committee on Economic Affairs (CCEA) on Thursday decided to double the price of domestic natural gas, from $4.2 to $8.4 a million British thermal unit (mBtu), from April next year - a decision that might hit the power and …
Electricity to cost more as power cos to pass on fuel price hike to consumers While Oil and Natural Gas Corp (ONGC) and Reliance Industries Ltd (RIL) will be the biggest gainers from the gas price hike announced by the Indian government today, power and fertiliser companies will see their …
New Delhi : IN what could spur stagnant domestic production of natural gas, reduce the dependence of power and fertiliser companies on imports of expensive LNG and ease the subsidy burden on the fisc, the Cabinet Committee on Economic Affairs (CCEA) on Thursday approved hiking gas price to $8.4/mmbtu from …
Prices could double by 2014 leading to hike in power tariff and fertilizer cost Despite opposition from within the Cabinet and outside, the Manmohan Singh government on Thursday approved a doubling of natural gas prices from the present $4.2 mbtu to $8.4 mbtu from April 1, 2014. Many experts feel …
The row over the proposed increase in natural gas prices is set to flare up because the petroleum ministry has admitted that the producer price in the new regime starting April 2014 would be at least $8.55 per million British thermal units and not $6.77 per mBtu as indicated earlier. …
The Cabinet is likely to take a call on the revision in natural gas prices on Thursday The incremental revenue for every $1 rise in natural gas prices would be Rs 706.7 crore, while the government would suffer a subsidy loss of Rs 3,155 crore on fertiliser, according to a …
