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 Central Government should act quickly to raise diesel rates to bring them in line with global prices in order to reduce its subsidy bill, Prime Minister’s Economic Advisory Council Chairman C. Ranagarajan has said. “I think we need to cut subsidies’ proportion of GDP... Therefore, there is an imperative …
Analysts say any increase in diesel and kerosene prices will be positive for market sentiment. The petroleum ministry is considering a proposal to gradually hike diesel prices by Rs 1 per litre every month for the next 10-15 months to deregulate retail prices eventually, based on the recommendations of the …
To align with global prices and curb energy subsidies Prime Minister Manmohan Singh on Monday reiterated his position of “phased rationalisation of energy prices to bring them in line with global prices” for “meeting the target of rapid, inclusive and sustainable development” and curbing energy subsidies. Speaking at the foundation …
Prime Minister Manmohan Singh on Monday pushed for phased rationalisation of energy prices to bring them in line with international prices to meet the targeted rapid inclusive and sustainable growth. Energy remained under-priced in the country with coal, petroluem products and natural gas prices remaining well below international prices, he …
Finmin aims to make substantial savings in oil subsidy payouts Alarmed by the R1.7-lakh-crore oil subsidy demand for this fiscal, the finance ministry has decided to revisit a suggestion made by expert committees in the past: Work out the subsidy entitlement of oil marketing companies (OMCs) according to 100% export-parity …
In his first major decision, the petroleum minister, M Veerappa Moily, has allowed Reliance Industries and Cairn India to explore oil and gas within producing fields, subject to conditions. The ministry, which had been sitting on the proposal for over a year, wrote to the directorate general of hydrocarbons (DGH) …
Diesel, kerosene and cooking gas prices could be raised soon while the government might separately take up a proposal to raise the cap on supply of subsidised LPG cylinders. The government may take a look at raising the cap on supply of subsidised LPG cylinders to 9 per household in …
Indraprastha Gas, the sole supplier of CNG in Delhi-NCR, has revised the price of CNG in Delhi by R1.55 per kg to R39.90 due to increased input gas price and related taxes. Consumers will have to pay R39.90 per kg in Delhi and R45.10 per kg in the Noida, Greater …
Petroleum and natural gas minister Veerappa Moily on Friday said his ministry was yet to take a view on the Kelkar committee proposal to raise diesel prices in a calibrated manner, leading to full deregulation by 2014-15 to reduce the oil subsidy burden. “The ministry is studying the recommendations of …
Diesel, kerosene and cooking gas LPG prices may be hiked soon as the government considers Vijay Kelkar committee recommendations on cutting fiscal deficit. The Kelkar committee, which was appointed by the finance ministry to suggest a roadmap for fiscal consolidation, has suggested immediate hike in fuel prices and complete deregulation …
The oil ministry has moved two separate cabinet notes - one to raise cap on supply of subsidised cooking gas cylinders and the other to increase fuel prices, particularly diesel, by less than a rupee per month to pair it with market rates and eventually deregulate it in next 15 …
The suggestions are now expected to be vetted by the oil ministry The Rangarajan Committee, looking into the Production Sharing Contracts (PSCs) in the oil and gas sector, has suggested an annual revision based on an average of international gas prices unlike the five-year cap currently in place for gas …
Natural gas prices in the economy are expected to rise as a panel led by the Prime Minister’s Economic Advisory Council chairman C Rangarajan has asked for linking domestic prices to an average of international hub prices and the cost of imported LNG. The report submitted to Prime Minister Manmohan …
World Economic Situation and Prospects 2013: presents a post-crisis world economy still struggling with continued weakening growth of 2.2 per cent in 2012; projects disappointing global growth of 2.4 per cent in 2013 and 3.2 per cent in 2014 in the face of major uncertainties and downside risks; foresees a …
New Delhi: The Society of Indian Automobile Manufacturers (Siam) said that it supports any decision by the government to hike diesel prices in a phased manner, adding that there might be a short-term impact on vehicle sales. For over a year, Siam has been lobbying against any proposal to increase …
Prime Minister Manmohan Singh struck a downbeat note on the challenges facing the Indian economy on Thursday, dubbing a five-year plan for average growth of 8 percent "ambitious". India's GDP growth has languished below 6 percent for three straight quarters, a far cry from the near-double-digit pace of expansion before …
Hike being mulled as govt scrambles to find ways to meet Rs 1,60,000 cr deficit expected this fiscal on selling diesel, LPG and kerosene below production cost Diesel prices may be hiked by Rs 10 per litre over a 10-month period and kerosene rates increased by same quantum over the …
The Rangarajan Committee’s proposal to double the domestic natural gas price will give major relief to ONGC, which has been hit by the policy of giving upstream firms a larger share of oil subsidies meant to compensate marketing firms. The committee is believed to have proposed a gas price of …
Mahan I, in Madhya Pradesh, is Essar Power’s eighth operational power plant, taking its total generation capacity to 3,910 MW Essar Power has commissioned its 600 mega watt (MW) Mahan I power project. Essar Power, a subsidiary of Essar Energy Plc announced that the 600 megawatt (MW) unit is part …
State-owned power generator is setting up first block of 700 Mw combined cycle power plant The Karnataka government has approved the proposal of Karnataka Power Corporation Limited (KPCL), the state-owned power generator, to procure liquefied natural gas (LNG) for the first block of its proposed 700 Mw Bidadi Combined Cycle …
