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 government will pay Rs 25,000 crore additional cash subsidy to state-owned fuel retailers to make up for part of the revenue they lost on selling auto and cooking fuel below cost this fiscal. The Finance Ministry on February 7 issued a "comfort letter" to Indian Oil Corp (IOC), Bharat …
The C Rangarajan committee’s proposal to nearly double the domestic price of natural gas, if implemented, could adversely affect the government’s subsidy reduction plan and make the new urea investment policy “redundant”, is the thinking at the ministry of chemicals and fertilisers. The administrative ministry for the fertiliser industry, whose …
Reliance Industries chairman Mukesh Ambani, owner of world's largest oil refinery, on Sunday said solar power will be at the core of the shift in future source of energy needs — from hydrocarbons to renewables. "We will transit from hydrocarbon presence which is coal, oil and natural gas over the …
New Delhi: It will take at least another 28 months before the under-recoveries on account of sale of diesel can be eliminated. Addressing the India Energy Congress on Thursday, Planning Commission deputy chairman Montek Singh Ahluwalia said: “Diesel is on a progressive elimination of subsidies and by mid-2015, present under …
To be commissioned by 2014-15, around 28,000 MW are under construction Price pooling for coal will lead to better capacity utilization of power plants and the benefit would accrue to total of 70,000 MW to be commissioned by 2014-15 of which around 28,000 MW are under construction. By rationalizing the …
Gurgaon: Earth 100, a Gurgaon-based a firm that claims to help companies reduce their carbon footprint by using greener fuel, has launched its first fleet of eco-friendly “100 per cent bio-diesel cars” in Gurgaon. Jindal Power is a major investor in the firm, while Mahindra plays a crucial role as …
Prices supported by healthy economic indicators in the world's major economies Oil prices rose in Asian trade today, supported by healthy economic indicators in the world's major economies, analysts said. New York's main contract, light sweet crude for delivery in March was up two cents to $96.68 a barrel in …
Earth 100, a Gurgaon-based a firm that claims to help companies reduce their carbon footprint by using greener fuel, has launched its first fleet of "100 per cent bio-diesel cars" in Gurgaon. Jindal Power is a major invester in the firm, while Mahindra plays a crucial role as a technology …
New Delhi: Fearing oil refineries will be hit hard by the Finance Ministry's move to change the way petrol and diesel are priced, Oil Minister M Veerappa Moily has asked Prime Minister Manmohan Singh to constitute an expert committee to decide on the issue. The Finance Ministry has informed the …
Says the move to continue till losses are wiped out Petroleum Minister M Veerappa Moily on Friday said diesel prices would be raised 40-50 paise a litre every month until under-recoveries on the fuel were completely wiped out. “Until further orders, oil marketing companies can increase it (diesel prices) by …
Asian Development Bank (ADB) today cautioned that worsening global financial situation will have severe consequences for emerging economies like India and China. "This global slump (in US, Euro area and Japan) will have a serious slump on the region's major economies, particularly on India and China" ADB President Haruhiko Kuroda …
This study examines the contribution of renewable energy towards meeting the country’s energy security while eliminating power shortages and meeting the economic growth aspirations over the next twenty years i.e. till 2031. This study specifically explores the possibility of adopting RE generation based on its economics vis-à-vis that of other …
Energy subsidies have wide-ranging economic consequences. While aimed at protecting consumers, subsidies aggravate fiscal imbalances, crowd-out priority public spending, and depress private investment, including in the energy sector. Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital-intensive industries, reducing incentives for investment in renewable energy, and …
Their first target could be bulk buyers but state-owned companies are well-entrenched in that market At 65 million tonnes per annum, diesel accounts for nearly 40 per cent of all petroleum products sold in the country. Not surprisingly, it is a huge opportunity for private oil marketing companies. Now that …
If the price rise is approved, it would raise costs for power and fertiliser companies and other natural gas buyers such as city gas distributors The pricing of natural gas is set for a major revamp. An empowered group of ministers is likely to approve new policy guidelines based on …
Looking at ways to stop bulk diesel users from securing fuel from retail outlets With dual pricing for diesel in place, oil marketing companies (OMCs) are looking at ways to stop bulk diesel users from securing the fuel from retail outlets. The three public sector OMCs — Indian Oil Corporation, …
Base price of domestic natural gas comes to around $7.4 per mBtu Analysts may be seeing a positive for Reliance Industries Ltd (RIL) in the Rangarajan panel’s recommendations on gas pricing, but the committee’s formula would work out the natural gas price at less than what RIL has been seeking …
Many commercial establishments are now switching to solar solutions for their captive power needs Rising petroleum prices are expected to benefit renewable energy solution providers as commercial establishments that use diesel generator sets for their captive requirements may find solar power attractive. The city gas distribution (CGD) players too expect …
90% Of The Fuel Is Used For Intermediate Purposes Every few days, Rajkumar Sharma, manager of a group housing society in Noida, trots off to the nearby petrol pump for his quota of diesel for the society’s power generators. But his back-of-an-envelope calculations have got more urgent of late. “Our …
Sharp decline in production from flagship Krishna-Godavari basin has changed the business mix for the company An unimpressive performance on its exploration and production front has brought the refining and marketing and petrochemicals business back in the reckoning for Reliance Industries Ltd (RIL), India’s highest valued company. Over the quarters, …
