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. …
New Delhi The oil ministry may seek the approval of Cabinet Committee of Economic Affairs on the long pending issue of coal bed methane (CBM) gas pricing of Reliance Industries and Essar Oil. “A committee of secretaries is finalising the CBM pricing for the two companies and once its report …
The Union Petroleum and Natural Gas Ministry is learnt to have given its favourable consent to the proposal of Andhra Pradesh Government not to suspend supply of KG-D6 gas allocation to Lanco’s Kondapalli Stage-II power plant and GMR’s Tanir Bavi to enable them to supply power on the basis of …
Oil and Natural Gas Corp (ONGC) and China National Petroleum Corp (CNPC) will renew a co-operation pact in areas such as exploration, an Indian oil ministry official said. The energy-hungry Asian nations - widely blamed for a record rise in oil prices - usually compete for stakes in foreign oil …
The finance ministry is not in favour of increasing excise duty on diesel vehicles as it comes at a time when most of India Inc is battling a demand slowdown. The proposal mooted by the petroleum and natural gas ministry as an alternative to hiking diesel prices seeks to hike …
New DelhiPetronet LNG, the country’s largest gas importer of liquified natural gas (LNG), is planning to raise around R4,500-5,000 crore over the period of next three years for its proposed terminal at Gangavaram Port in Andhra Pradesh. The company also intends to increase 5 million tonne additional capacity for it’s …
New Delhi: British energy major BP Plc has sought a free market pricing regime for natural gas to check India’s growing dependence on imports and prevent investments in the exploration and related oilfield service business moving out of the country. The low domestic gas price set by the government is …
Higher crude oil price was responsible for the pulling down the country’s GDP growth to 6.9 per cent last year from about eight per cent, petroleum minister Jaipal Reddy said on Wednesday. Speaking at the fifth OPEC International Seminar in Vienna on Wednesday, Reddy said, “It is estimated that a …
The Competition Commission of India (CCI) has questioned the coordinated pricing strategy of state-owned oil marketing companies (OMCs). It plans to write to these companies over the matter soon. “The coordinated approach of OMCs is not only impacting consumer interest, it is also likely to create entry barriers for private …
Writes to Pranab on the revenue being lost in not doing so, wants steep levy The government is planning to compensate the subsidy on diesel by taxing cars fuelled by it. Petroleum Minister S Jaipal Reddy has recommended a steep Rs 2,55,000 additional tax on large and medium diesel cars …
In line with the falling global prices, petrol may be made cheaper by around Rs 2 a litre later this week, creating political legroom for a diesel price revision. This will be the second price cut in the month after the Rs 7.54 increase last month triggered strong political opposition. …
In the wake of a marked preference of personal vehicle owners, more so after the hike in petrol prices, the Finance Ministry is having a re-look at the Petroleum Ministry's proposal to hike the excise levy duty on diesel cars so as to disincentivise consumption of the subsidised transportation fuel. …
Auditor Gives Point-By-Point Rebuttal On Reliance’s Claims Of Lack Of Expertise The Comptroller and Auditor General of India has offered a strong rebuttal of Reliance Industries Limited’s criticism that the auditor excluded its responses in the KG basin report, asserting that the firm got a fair hearing and the production …
CHENNAI: The Madras High Court has dismissed a writ petition challenging the recent steep hike in the price of petrol. Accepting the arguments of Central Government senior standing counsel S Haja Mohideen Gisthi, a vacation bench comprising Justices K Venkataraman and C S Karnan dismissed the public interest writ petition …
The Bombay high court on Wednesday directed the Ministry of Oil and Natural Gas and three oil companies to file an affidavit explaining the reasons for the recent price hike of petrol by Rs7.50 per litre. The affidavits have to be filed by the Ministry, Indian Oil, Hindustan Petroleum and …
GoM seeks forest clearance for Mahan & Chhatrasal blocks, subject to conditions The government has removed roadblocks to coal mining by leading business houses and taken the first step to relax scrutiny of corporate expenditure on oil and gas fields, in a burst of action that has cheered investors and …
New Delhi: State-run fuel retailers are expected to announce a reduction of between Rs 1.50 and Rs 2 a litre in petrol price on Friday. The cut, once announced, will come into effect from June 1. The cut will bring some succour to consumers from the steepest-ever increase — Rs …
Petroleum minister S. Jaipal Reddy on Monday said that the government was not looking at dual pricing for diesel as it was not practical to be implemented. Under dual mechanism, trucks and buses will gets subsidised diesel, where as cars and SUVs will have to pay higher prices for diesel. …
Petroleum and Natural Gas Minister Jaipal Reddy said on Monday that there was no proposal before the government now to increase the prices of diesel, domestic LPG and kerosene. No timeframe was set for the Empowered Group of Ministers (EGoM) to meet to consider such an increase. “We are not …
Q&A; JAIRAM RAMESH RURAL DEVELOPMENT MINISTER Rural Development Minister Jairam Ramesh has urged the government to cut fuel subsidies and take a quick decision on opening the retail sector to foreign investment, saying the time for pussyfooting is over. The IIT- and MIT-educated Ramesh said governance was about taking unpopular …
Oil minister says kerosene also out of bounds Growing unease within the Congress and street protests by its tantrum-prone allies over the petrol price hike appear to have sapped the Manmohan Singh government’s enthusiasm for pruning the subsidy bill on diesel, kerosene and LPG. “I am not touching (the prices …
