Judgment of the Calcutta High Court in the matter of Yeasin Molla & Others Vs Union of India & Others dated 12/09/2023. The petitioners are the ration card holders and members of Priority Household under the National Food Security Act, 2015. In the instant writ petition the petitioners have challenged …
June may turn out to be the luckiest month for government oil marketing companies for the third year in a row. Like the last two years, this June is also expected to see a round of price hikes in controlled fuel products. Price hikes of controlled petroleum products such as …
Funds released by the Centre not utilised properly: CAG The Comptroller and Auditor General (CAG) of India has picked holes in the implementation of the Centrally-assisted solar photovoltaic project in the State during 2005-07. The project launched by the Ministry of New and Renewable Energy in January 2006 encouraged the …
The government on Tuesday stated that it has agreed in principle to deregulate diesel prices. Minister of state for finance Namo Narain Meena, in a written reply to the Rajya Sabha, said on Tuesday that the government is, however, not considering a similar proposal for cooking gas. The minister said …
New Delhi Consumers could prepare for shortages in auto and cooking fuel supplies. Oil retailers IOC, HPCL and BPCL have informed the government that if their losses from selling fuel below cost are not adequately compensated, “it may adversely impact the supply-demand balance of petroleum products,” Minister of state for …
New Delhi The government today said it has agreed in-principle to the deregulation of diesel prices, but is not considering similar proposal for the cooking gas. "Government has, in principle, agreed to make the prices of diesel market determined," Minister of State for Finance Namo Narain Meena said in a …
‘Or cut excise duty and compensate our loss' Fed up with the Centre's “indecision” on allowing an increase in fuel prices in the face of rising international crude prices, the oil marketing companies (OMCs) on Tuesday virtually threatened to increase petrol prices by Rs. 8.04 a litre. They said the …
The failure of the Karnataka Renewable Energy Development Limited (KREDL) to properly implement the Solar Photovoltaic (SPV) Programme of the Union Ministry of Non-Conventional Energy Sources (MNES) for the years 2005 to 2007 has resulted in losses to the tune of crores of rupees. Also, a probe into the implementation …
Estimates point to 4-year-high of 4.9% rise in petroleum product sale trend likely to continue, says PPAC The country’s diesel consumption rose a massive 11.9 per cent in 2011-12, leading to an expected 4.9 per cent growth in the sale of petroleum products in the just-ended financial year. That will …
New Delhi In what could give a reprieve to consumers who have been fearing another hike in petrol price, the government has decided to put the proposal in abeyance. According to official sources, oil marketing companies (OMCs) that have pitched for a petrol price hike will have to wait until …
New Delhi The Petroleum ministry has sought an additional R40,000 crore in cash subsidies for the current fiscal to compensate fuel retailers for losses incurred on diesel and cooking fuels, even as oil minister S Jaipal Reddy gave no indication of a fuel price revision soon. Oil secretary GC Chaturvedi …
The government’s plans to reign in petroleum subsidies to plug the fiscal deficit next financial year are in jeopardy, as a whopping Rs 2.13 lakh-crore revenue loss is expected at the current levels of global crude oil prices and domestic retail prices of controlled products. Non-revision of diesel, LPG and …
New Delhi State-owned oil marketing companies IOC, HPCL and BPCL are evaluating a revision in the price of petrol to address a loss of R5 on every litre sold as the code of conduct restrictions related to assembly polls are over now. Company executives said they cannot give the exact …
India has historically subsidized energy with the objective of protecting its consumers from international price volatility and providing energy access for its citizens, especially the poor. However, energy subsidies place a heavy burden on government budgets, while often failing to reach their targeted beneficiaries. This guide focuses on the scale …
CSE study shows that wind energy business often subverts the purpose for profit, and wind farms do not generate energy It was a trade exhibition abuzz with the restrained chatter of busy suited executives at company stalls making contacts and finalising deals. Nothing out of place — except that this …
The price of diesel could increase substantially if the government is to accept the Prime Minister Economic Advisory Council’s advice. “There is an overdue need to make some adjustments in the price of diesel, even if this is done in a phased fashion,” said the council in its Review of …
The state-owned financial institution Infrastructure Development Company Ltd (IDCOL) will provide financial aid to install one million new solar home systems and 20,000biogas plants across the country. Prime minister Sheikh Hasina is scheduled to inaugurate this new project on Saturday at Chittagong's Sandwip upazila. IDCOL executive director and CEO Islam …
Delhi residents are ahead of the others in terms of earning and spending, says a new government survey. At nearly Rs 1.16 lakh, the average annual per capita income of Delhiites is the highest in the country, and at Rs 33,732, the annual per capita expenditure too is the highest, …
Low-cost solar panels and solar batteries will be provided to poor communities in 14 countries in Africa and Asia in the next four years, the UN Development Programme said Thursday. A total of 33 million people in the 14 countries will be able to make use of solar energy for …
The Sri Lankan government has decided to provide a kerosene subsidy to the low income households that do not have electricity. The Economic Development Ministry says that a kerosene subsidy of Rs. 200 per month would be provided to each household with effect from February 15th as relief for the …
Oil Minister S Jaipal Reddy today ruled out deregulation of diesel prices and said he had demanded that the government compensate state-owned oil firms for the losses they made on not raising prices of petrol. "Deregulation of diesel in entirety is very difficult proposition but at appropriate time we may …
