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 …
Uncertain policy framework, scarcity of cheap domestic gas hit govt plan to expand network to 200 cities SHREYA JAI & MITUL THAKKAR NEW DELHI/AHMEDABAD The government’s ambitious plan to expand gas distribution networks to 200 cities by 2015 is facing hurdles of uncertain policy framework and lack of cheap domestic …
JAMMU, Sep 15: Slamming the Centre for hiking the price of diesel and restricting the supply of cooking gas, the leaders of Social Civil Society for Peace and Legal Awareness (SCSPLA) said, “Both the decisions of hiking the diesel prices and restricting the supply of subsidized cooking to six cylinders …
When it comes to the cap on the consumption of subsidised domestic LPG cylinders, the Cabinet Committee on Economic Affairs (CCEA), it appears, has two sets of rules — one for the common man, and one for those holding Constitutional posts. While approving the cap on LPG cylinders to six …
DOWNPLAY FEARS Maruti Suzuki, M&M; and GM India say diesel hike may defer demand slightly, but sales to be better than last year A . 5 increase in diesel prices may have provided another telling blow on an already slowing down Indian passenger vehicle space, but industry players are still …
The two moves to cut OMCs' underrecovery by Rs 20,300 cr this year In the second major oil sector reform after petrol decontrol of June 2010, the government on Thursday capped subsidised domestic liquefied petroleum gas (LPG) for a consumer to six per year. For a consumer using 12 LPG …
Biting the fuel price hike bullet, the Manmohan Singh government today decided to increase diesel prices by Rs 5 per litre but left kerosene and petrol prices untouched. In a bid to partially plug the subsidy hole owing to cooking gas, the government also decided to limit the number of …
New Delhi: The massive hike of Rs 5 in the price of diesel and the removal of subsidy on cooking gas beyond six cylinders will hit the common man, already caught in a price spiral, very hard. In Delhi, the common man’s anger has already been stoked by a steep …
Each discovery in oil block to be treated as separate cost centre, if proposal gets nod In a major revamp of oil and gas exploration, the government is likely to notify a policy disallowing companies from deducting as expenses all exploration costs in areas where earlier discoveries are under development …
The Appellate Tribunal for Electricity (ATE) on Wednesday issued notices to the three PSU oil marketing companies IndianOil (IOC), Hindustan Petroleum (HPCL) and Bharat Petroleum (BPCL) on petitions filed by Reliance Industries, Essar Oil and Shell. The three companies have challenged the dismissal of their plea by sector regulator Petroleum …
Bowing to pressure from the Trinamool Congress and other allies of the ruling UPA, the scheduled meeting of the Cabinet Committee on Political Affairs (CCPA) for revision of fuel prices has been deferred. But the government, which is struggling to contain high fiscal deficit and burgeoning losses of oil marketing …
Diesel Prices: Prices of diesel, LPG and kerosene may be raised from Tuesday when the Cabinet Committee on Political Affairs (CCPA) meets. Though the listed agenda for the CCPA meeting is to discuss the BJP boycott of the Monsoon Session of Parliament, sources said the Petroleum Ministry’s comprehensive proposal on …
To provide relief to the power sector, which is reeling under a fuel crisis, the Planning Commission has circulated a paper on public-private partnership in electricity generation. In the paper, the commission pointed to the problems faced by power producers using domestic, as well as imported fuel. It has suggested …
The Minister of Petroleum & Natural Gas, S. Jaipal Reddy, has ruled out an immediate hike in fuel prices now. An official statement issued here said that the Minister said this at the sidelines of a function. Thus, putting to rest speculations of a revision tonight. The Minister, however, added …
New Delhi Consumers may have to brace for steep hikes in the prices of petroleum products such as diesel, kerosene, cooking gas and petrol after Parliament’s monsoon session ends on September 7. Sources say the petroleum ministry has moved a Cabinet note proposing a hike of R5 per litre in …
In a step that is likely to hit consumers further, the Petroleum and Natural Gas Ministry has moved the Cabinet for a hike in prices of diesel, LPG cylinders and kerosene. The Cabinet will also discuss putting a cap on number of subsidised cylinders for each household up to a …
Consumers may have to brace for steep hikes in the prices of petroleum products such as diesel, kerosene, cooking gas and petrol after Parliament’s monsoon session ends on September 7. Sources said that the petroleum ministry has moved a Cabinet note proposing a hike of Rs 5 per litre in …
New Delhi The Vijay Kelkar committee has outlined a programme for the Centre to keep its budget deficit in check for the next three years, leaving the 14th Finance Commission (2015-2020) to decide on the action required in subsequent years. The committee set up by the finance minister P Chidambaram …
New Delhi Rising global crude oil prices over the last four years have inflated India’s subsidy bill, but the burden on the exchequer could have been higher hadn't the fiscally-conscious government reduced its share of the onus, at the cost of upstream oil companies. According to official data, between 2008-09 …
Kolkata The Coal India (CIL) board on Friday cleared the new model fuel supply agreement (FSA), specifying some conditions. After an eight-hour board meeting, CIL chairman S Narsing Rao told reporters that as of now, the board has cleared the new FSA in terms of supplying imported coal to consumers …
If the government can’t raise diesel prices, it should at least stop subsidising diesel cars The public sector oil marketing companies are bleeding due to large under-recoveries on account of diesel. They have been waiting for the government to raise their prices. Since the under-recovery on petrol is around one-tenth …
