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 …
On poll eve, government in rethink mode Faced with increasing political heat and criticism within the party and outside, the Manmohan Singh government has put on hold the Rs. 26.50 hike in the price of non-subsidised LPG cylinders. It is also reviewing the cap of six LPG cylinders allowed to …
Says DGH examining company plan to bring back reserves to 3.4 tcf A day after being criticised by India Against Corruption (IAC), the government came out strongly against media reports related to its audit and gas pricing of the KG-D6 block, operated by Reliance Industries Limited (RIL). The government reiterated …
The move is aimed at passing on the marginal increase in international rates to domestic customers The government, facing stiff opposition, on Thursday put on hold the Rs 26.5 increase in price of cooking gas cylinders that consumers buy beyond their quota of six subsidised bottles. “The price hike has …
Tamil Nadu Chamber of Commerce and Industry has welcomed the new Solar Energy Policy 2012, which targets generation of 3,000 MW through solar power by 2017 by mandating large power consumers to buy 6 per cent of their power needs from solar energy producers. In a statement, chamber senior president …
PM “sympathetic” to Reliance Industries’ demand for gas price revision India Against Corruption alleged on Wednesday that Prime Minister Manmohan Singh was batting for corporate houses, and the PMO was very “sympathetic” to Reliance Industries Limited’s demand for a revision in the gas price. “RIL’s request for an increase in …
Attributes Jaipal’s ouster to his refusal to carry out Mukesh Ambani’s diktat India Against Corruption on Wednesday launched a scathing attack on the NDA government as well as the Manmohan Singh government for protecting the interests of corporates, especially Reliance Industries Limited (RIL). It demanded that the government’s contract with …
New Delhi In his last days at the Union petroleum ministry, S Jaipal Reddy had reiterated his opposition to a hike in the price of natural gas from the current $4.2 per unit at Reliance Industries’ KG-D6 block. If the company’s demand for price revision is accepted now, the exchequer …
Price of non-subsidised cooking gas, which consumers buy beyond the quota of 6 cylinders was hiked on firming international rates The price of non-subsidised cooking gas (LPG), which consumers buy beyond the cheaper quota of six cylinders, was today hiked by Rs 26.50 to Rs 922 per unit on firming …
Can directed technical change be used to combat climate change? This paper construct new firm-level panel data on auto industry innovation distinguishing between “dirty” and “clean” (e.g. electric and hybrid) patents across 80 countries over several decades. It show that firms tend to innovate relatively more in clean technologies when …
After diesel price hike and bus-fare hike, consumers in Assam will have to bear another stiff hike. Power tariff in Assam will go up by Rs 1.03 from November 1, 2012. The hike will be under the Fuel and Power Purchase Price Adjustment (FPPPA) and Assam Power Distribution Company Ltd …
New Delhi Petrol price will be hiked by 30 paise per litre and diesel by 18 paise a litre after the government decided to increase the commission paid to petrol pump dealers. The petroleum ministry on Thursday decided to increase the dealer commission on petrol from R1.499 per litre to …
Clears KG-D6 investment plan RIL also allowed to declare commerciality of certain wells in NEC 25, KG-D6 The face-off between the government and Reliance Industries Ltd (RIL) is nearing an end, with the petroleum ministry agreeing to exempt the country’s largest private sector petroleum company from a performance audit. Simultaneously, …
The 3 govt-owned OMCs-IndianOil, BPCL and HPCL-together meet the country's entire LPG cylinder demand After consumers exhaust the year’s quota of six subsidised liquefied petroleum gas (LPG) cylinders announced by the Union government, oil marketing companies (OMCs) would charge them at the market rate for additional cylinders. This is despite …
Mumbai The Children’s Investment Fund Management (TCI) confirmed on Thursday that it had sought R1,500 crore in compensation from the board of Coal India (CIL) for allegedly under-pricing coal that resulted in revenue losses running into crores. The UK-based fund has already filed a petition against the miner in the …
The government plans to relax rules for oil and gas exploration licences in time for the next bidding round, to attract global companies. “Before the next round (of exploration licensing) we would like to put in place a more investor-friendly regime, both for investment and from the point of view …
Says mine valuation should be based on global prices Research agency CRISIL has recommended linking the valuation of coal reserves to be put up for bidding to international prices. In its draft report on coal block auctioning, CRISIL has said giving subsidies for use of natural resources does not provide …
PANJIM: While the mining industry has taken a beating this season, Goa’s tourism industry is upbeat as its season begins this week. Stakeholders, even though upset with delays and discrepancies are being cautious so as not to upset the tourism applecart which would probably bring some solace to the State …
Guwahati, Oct. 14: The century-old Cotton College is looking to the sun to feed its boarders. The region’s oldest college has planned to use solar cookers or solar ovens to cook food in its hostels, as a cost-effective measure after the sharp rise in the price of LPG cylinders. There …
Unable to get an exemption for the cooking gas cylinders used for the Mid-Day Meal Scheme in the wake of a steep hike in the prices of domestic gas, Union Human Resource Minister Kapil Sibal has suggested that the Petroleum Ministry consider providing subsidised LPG cylinders for the current fiscal …
The world’s largest coal producer Coal India Ltd (CIL) has expressed confidence that during the 12th Five Year Plan period it would be able to increase production by another 180 million tonne, though it would not be enough for the country’s energy requirements. “We had a cumulative production of 18 …
