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 …
The Madras high court has restored the diesel dual pricing policy according to which bulk consumers must buy diesel by paying about Rs 12 more than the retail rates. The first bench comprising acting chief justice R K Agrawal and justice N Paul Vasasnthakumar, passing orders on an appeal filed …
Ministries of coal & power have sided with PSU power utilities The much-touted plan to optimally distribute the higher cost of imported coal among power producers via a price-pooling mechanism with cheaper domestic coal may go haywire. While a host of large upcoming private power projects would have increased their …
The Planning Commission has recommended switching to the international pricing formula for natural gas — which presently works out to $14.5 per MBTU, almost three times more than the present price of $4.2 mBtu (per million British thermal unit) — by the beginning of the 13th Plan (2017-22). This is …
The BG group will hand over control of Gujarat Gas to GSPC by the end of this month after the stateowned company acquired a controlling 73.7% stake for . 2,810 crore. “We have received mandatory clearances from Sebi and Competition Commission of India among others. The government of Gujarat will …
The government is gearing up for the next big leap under the Direct Cash Transfer (DCT) scheme to bring a huge number of nearly 14 crore LPG consumers under its ambit. The scheme, which is likely to be launched from July 1, is aimed at directly putting the subsidy component …
After fertiliser, the power ministry has also opposed the recommendations made by the Rangarajan panel to increase domestic gas price from the current $4.2/mmbtu to $8.8/mmbtu, saying it will impact the power sector by about R46,360 crore annually. The gas supplies to the sector have completely halted from the KG …
The Kerala State Road Transport Corporation (KSRTC) is contemplating a detailed study into the feasibility of using compressed natural gas (CNG) as a cheap alternative fuel to run its buses in view of hike in price of high speed diesel. The exhaustive study is being planned as the KSRTC management …
Exponential increase in land prices raises cost by . 2,690 crore Some 36 coal projects with estimated production capacity of 17.7 million tonnes per annum at the public sector monopoly Coal India turned unviable in Maharashtra because land prices have increased exponentially. CIL has shelved these projects and may take …
The proposal for the doubling of natural gas price made by the Rangarajan committee has the oil and power ministries at loggerheads. Sources said that the power ministry has held back its comments on the draft proposal circulated by the petroleum ministry for consultations as it does not want to …
The company finds hoards of buyers willing to pay a rate equivalent to what India pays to Qatar for importing LNG After Reliance Industries Ltd, GSPC, the firm floated by Narendra Modi government, plans to sell natural gas from its KG basin fields at imported LNG rate of $14.2 per …
Unable to cope fully with steadily climbing world oil prices since mid-2009, many of the 65 countries reviewed in this paper have progressed slowly or even reversed course in reforming pricing of petroleum products. End-user prices in July 2012 varied by two orders of magnitude across the countries. More than …
This latest edition of Asian Development Outlook includes analysis of 45 economies in Asia & the Pacific including China and India. It features a special chapter on energy challenges which explores how the region can ensure adequate, accessible, clean energy to achieve its growth potential. ADB's Asian Development Outlook (ADO) …
The 2013 edition of the Economic and Social Survey of Asia and the Pacific argues that macroeconomic policies can play a key role not only in supporting the economies of the region in the short term, but also in reorienting the region towards a more inclusive and sustainable pattern of …
State govt assures the court it will compensate the loss to the oil companies The Kerala high court on Thursday directed public sector oil companies -- Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Limited (HPCL) -- to supply diesel to the Kerala State Road Transport Corporation (KSRTC) at subsidised …
The petroleum ministry will approach a ministerial panel for a road map on a gas price pooling mechanism to help the power sector absorb the high costs of imported liquified natural gas (LNG) and prevent investments of over R1 lakh crore from becoming non-performing assets. Petroleum minister M Veerappa Moily …
Fertiliser min to oppose planned move to give priority to power sector The oil ministry’s intent to give priority to the power sector for allocation of gas has raised an alarm in the fertiliser ministry. Sources have indicated that the fertiliser ministry will strongly oppose the move when oil ministry …
GUWAHATI: The Opposition parties on Monday criticized the 2013–14 State budget presented by Chief Minister Tarun Gogoi in the Assembly and slammed it as ‘anti–people’. Reacting to the budget, Asom Gana Parishad (AGP) president Prafulla Kumar Mahanta said, “It seems that the budget presented by the Chief Minister in the …
India is set to join a select group of countries having a specialised agency mapping its shale gas potential. A proposal to this effect has already been worked out by the oil ministry. The proposed agency will fall under the central government. It will have the mandate to map the …
Tata Power Co Ltd today fully synchronised the fifth and last unit of its ultra mega power project (UMPP) in Mundra, Gujarat, taking the project to its full capacity of 4,000 megawatts (Mw). Four units of this UMPP--800 Mw each--were commissioned in a single year, which the company calls "a …
Oil-marketing companies (OMCs) have decided to increase petrol prices by Rs 1.40 per litre with effect from Friday midnight. With this, petrol price in Delhi would be Rs 70.46 a litre now. The last price hike was on February 16. Between then and now, international petrol prices rose from $128.57 …
