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 Cabinet note on pooling the price of coal through blending domestic fossil fuel with imported coal costs is likely to be placed before the Cabinet Committee on Economic Affairs (CCEA) next month. “It was further agreed that the note on pooled prices would be placed for CCEA’s consideration by …
The panel, headed by Prime Minister’s Economic Advisory Council Chairman C Rangarajan, was tasked to suggest design of future contracts for exploration and production of oil and gas The Rangarajan committee is believed to have suggested a complex pricing formula that will lead to near-doubling of the natural gas price …
The power ministry has told an inter-ministerial panel that the proposed regulator for the coal sector should be equipped with adequate powers to decide upon the prices of the fuel to curb the “profiteering” tendencies of coal companies. It should also be empowered to adjudicate disputes between coal producers and …
The power ministry has told an inter-ministerial panel that the proposed regulator for the coal sector should be equipped with adequate powers to decide upon the prices of the fuel to curb the “profiteering” tendencies of coal companies. It should also be empowered to adjudicate disputes between coal producers and …
Meet this week to discuss proposal to increase 2013-14 wheat MSP by Rs 100 Riding high on NMDC stake sale garnering Rs 6,000 crore, the Cabinet is expected to discuss on Saturday a proposal to sell 12.5 per cent of its 92.5-per cent stake in state-run Rashtriya Chemicals and Fertilizers …
The fertiliser ministry has opposed Reliance Industries' demand for hiking the KG-D6 gas price in line with the Asian LNG spot price, effective from April 2014. The ministry wants the price to be not more than $8/mmBtu. RIL pitched for the gas price, post March 2014, to be about 10% …
Global demand continues to be driven by Asian economies. India will increase its influence in coal markets thanks to large reserves Global coal demand will rise 2.6 per cent annually in the next six years and challenge oil as the top energy source, according to the International Energy Agency (IEA). …
Ahead of the second meeting of a ministerial panel to give final shape to the Coal Regulatory Authority Bill on Tuesday, the coal ministry has proposed that coal producers can determine the price of the commodity. However, the proposed coal regulator should decide the methodology to fix prices to check …
Adding fuel to fire, people haven’t received subsidy Mahipal Singh Yadav (31) is a contractual junior manager at the Kotkasim Gram Sewa Sahakari Samiti. Joining the cooperative, he had hoped, would be like any other job. However, since the direct cash transfer of kerosene subsidies scheme was piloted here, Mr. …
The Prime Minister-appointed Rangarajan Committee may this week suggest sweeping changes in future oil and gas contracts by asking explorers to bid for a percentage of output they would share with the government. Sources said the panel may ask the government to move to a production-linked payment regime where explorers …
New Delhi: In a move that could trigger a fresh controversy over the valuation of natural resources, the Power Ministry has sought that the reserve price of coal blocks to be offered through the competitive bidding route be set at 90 per cent discount on the intrinsic value of the …
The oil ministry may raise prices of diesel by . 1 a litre or that of cooking gas by . 100 to neutralise the impact of its plan to increase the supply of subsidised cylinders to households, government officials said. “A . 1 hike in diesel prices would generate about …
Close on the heels of the government rejecting the standing committee on finance's decision to keep 26% FDI cap in the insurance sector, fresh tension is brewing between the parliamentary panel on petroleum and natural gas and the Centre over a proposal to limit the sale of subsidised cooking gas …
Policy aims to incentivise fertilizer cos to set up new plants The Cabinet Committee on Economic Affairs (CCEA), on Thursday, approved a urea investment policy, which is likely to incentivise fertilizer companies to set up new plants and expand existing capacity. India imports over 30 per cent of its urea …
Petronet LNG has gained 31.5 per cent since the closing lows of Rs 122.77 in May. The rise comes on the back of benefits accruing to the company from the steady rise in demand for gas. The supply, however, has been limited, given the falling production from the Krishna-Godavari (KG) …
Deploring the government for introducing a cap on subsidised LPG cylinders in an arbitrary manner, the Parliamentary Standing Committee on Petroleum and Natural Gas has asked the government to review the cap of six cylinders a household a year. It said such restrictions should not be placed on people having …
Cabinet will have to clear proposal: Moily The Manmohan Singh government indicated on Tuesday that the cap on the subsidised LPG cylinders would go up from six to nine a household a year. “I think it is likely to go up definitely from six to nine cylinders, and the Cabinet …
State-run NTPC has decided to sign fuel supply agreements (FSAs) with Coal India in a month, without any major change in the norms of draft FSAs. Both firms decided to bury differences at a meeting in Kolkata on Monday between the chiefs of the public sector undertakings, S Narsing Rao …
The high-level committee on production sharing contracts is set to change the rules for investment in the oil and gas sector. Chaired by C Rangarajan, chairman of the Prime Minister’s Economic Advisory Council, it is expected to lay down the broad contours of natural gas pricing in its report, expected …
Falling demand in the developed world has led to a broad-based economic slowdown in Asia and the Pacific, lowering economic growth forecasts. The impact of slowdown will challenge regional inclusive and sustainable development with job growth and household income predicted to decline. UNESCAP estimates that, by 2013, 14 million fewer …
