Good Food is First Food. It is not junk food. It is the food that connects nature and nutrition with livelihoods. This food is good for our health; it comes from the rich biodiversity of our regions; it provides employment to people. Most importantly, cooking and eating give us pleasure. …
Cos advised to have long-term deals with Sabine Pass and Macquarie India has decided to make a “strategic shift” in LNG (liquefied natural gas) sourcing with a “look U.S. policy” for contracting new import volumes. This follows an analysis by the Petroleum Ministry which showed that LNG imports from the …
HYDERABAD: The government will gradually increase diesel prices in small doses at an "appropriate time" to help oil companies that are selling the fuel below market rates, and insulate consumers from a sharp increase, oil minister Jaipal Reddy said on Monday. With inflation showing signs of abating, the government has …
‘Controversial decisions' prompted by regulator The decision to allow Reliance Industries (RIL) to retain the entire 7,645 sq km KG-D6 block in violation of contractual obligations was based on the advice of the Directorate General of Hydrocarbons (DGH), the Petroleum Ministry has told the Public Accounts Committee. Pointing a finger …
New Delhi The regulatory panel overseeing the performance of Reliance Industries’ prestigious D6 block in the Krishna Godavari basin on Tuesday approved the company’s plan to develop four satellite fields at an estimated cost of $1.5 billion. The oil and gas major is keen to develop the fields around their …
New Delhi Companies in fertilisers and LPG, which are largely immune to the supply crunch on natural gas due to the stagnating output from the KG D6 block, could soon face serious input shortages. In a move that could worsen the investment scenario in the economy, the petroleum ministry has …
Environmentalists have come out in strong support of minister for petroleum and natural gas S. Jaipal Reddy’s proposal to impose a 15 per cent duty on all diesel-run passenger vehicles. The proposal has been sent to the ministry of finance for finalisation. The Kirit Parikh committee had earlier recommended a …
State-run ONGC and the Oil Ministry's technical arm, the DGH, have given Cairn India the go-ahead for commencement of production from the Bhagyam oilfield, the second-largest find in the prolific Rajasthan block. Cairn, which was recently taken over by London-based mining group Vedanta, will begin oil production from Bhagyam at …
‘Investments are made by RIL, its partners at their own risk' Taking the government by surprise, Mukesh Ambani-owned Reliance Industries Ltd. (RIL) is understood to have sent an ‘arbitration notice' to the Petroleum Ministry over its alleged move to disallow a substantial expenditure the company has made in the KG …
New Delhi The petroleum ministry will decide in three to four weeks on limiting the capital expenditure that Reliance Industries (RIL) can recover from its Krishna-Godavari basin gas block in proportion to its natural gas production, oil secretary G C Chaturvedi said here. The ministry has already got the law …
The government’s desperation to raise Rs 40,000 crore from disinvestment this year notwithstanding, the Oil and Natural Gas Corporation (ONGC) follow-on issue is nowhere on the horizon. Though the petroleum ministry has conveyed its approval for a follow-on issue of Oil India Ltd (OIL), meeting the target without ONGC’s issue …
The government will not go for an immediate increase in the prices of regulated petroleum products like diesel, domestic LPG and kerosene, even as Prime Minister Manmohan Singh’s intervention has prompted authorities to seek ways to provide relief to the oil marketing companies (OMCs) — through a cash compensation of …
With yet another petrol price hike looming large, the Petroleum Ministry said on Wednesday that it was up to the oil marketing companies (OMCs) to decide on the issue since the fuel has been deregulated. On the other hand, Petroleum and Natural Gas Minister S. Jaipal Reddy has sought a …
The government is planning to allow companies exploring coal bed methane (CBM) to simultaneously mine coal from the same block. Currently, CBM blocks, characteristically much larger than coal blocks, are out of bounds for coal mining until the CBM venture is completed. This has reduced the area available for coal …
New Delhi Prices of the fuel have gone up 33% since being decontrolled last year Easing global crude oil price — $103 a barrel on Monday, down from an average $113 a barrel in the first quarter — has nearly covered the losses that retailers IOC, HPCL and BPCL make …
The government is planning to cap sale of subsidised cooking gas (liquefied petroleum gas) cylinders to each household in a phased manner, while putting in a mechanism for direct transfer of subsidy to the intended beneficiaries. Consumers will have to buy cylinders above the specified quota at the market price. …
LUCKNOW: The Centre has slammed the Mayawati government for laxity in lowering Value Added Tax (VAT) on petroleum products. The reaction followed the decision taken by the Central Empowered Group of Ministers (EGoM), who raised prices of diesel, kerosene and domestic Liquefied Petroleum Gas (LPG) recently, owing to rising international …
New Delhi Following divergent views among various government wings and user industries, the Ashok Chawla panel on pricing and use of natural resources is likely to drop its proposal for a designated natural gas trading agency to buy the clean fuel from gas producers at contracted prices and sell it …
SALE OF 30% STAKE IN OIL, GAS BLOCKS Clearing the last hurdle, the Home Ministry has given unconditional approval for UK's BP to buy a 30 per cent stake in Reliance Industries' oil and gas blocks, including the showcase KG-D6 gas fields, for $7.2 billion. The Ministry of Home Affairs …
With an eye to reduce deforestation, Environment Minister Jairam Ramesh has come out strongly in favour providing alternative cooking fuels to villagers living in and around forests. At present, villagers depend on firewood, which they collect from the forests. Ramesh has argued for targeted subsidising of cooking gas for 1,72,000 …
