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: Oil minister S Jaipal Reddy on Monday joined issue with Barack Obama to debunk the US president's argument that demand from India and China was pushing up world oil prices, even as he denied any pressure to stop buying crude from Iran. "India is currently world's fourth largest …
The Empowered Group of Ministers (EGoM) on gas will have to take a call on several issues when it meets on Friday. Among them are: giving continued priority to fertiliser and power sectors in gas allocation, fixing the proportion of fuel supply to non-core sectors like steel, and deciding on …
With the aim of discouraging use of subsidised diesel in high-end cars, the Petroleum Ministry has proposed a Rs 80,000 levy on each diesel consuming vehicle in the forthcoming Union Budget, which if comes into effect, would force diesel car owners to bear enhanced fuel surcharge and at the same …
Israel on Tuesday engaged India on energy security reiterating Tel Aviv’s intent to share its natural gas but did not spell out any offer saying it still had to work out the policies. Israel’s Minister of National Infrastructure Uzi Landau, who also heads Energy & Water Resources, held an hour-long …
The public sector oil companies in the country are aware of their social responsibilities and are taking all steps to adopt eco-friendly production technologies and keep pollution to the minimum, according to Mr S. Jaipal Reddy, the Union Minister for Petroleum and Natural Gas. He was speaking at the Visakha …
Farmers in Punjab and officials related to the agriculture sector have expressed a serious concern over the proposed suggestion by the Ministry of Petroleum and Natural Gas (MPNG) to the Empowered Group of Ministers (EGoM) to cut off the supply of domestic natural gas to fertiliser units producing phosphorous and …
Contrary to apprehensions in Indian official circles, Pakistan still wants India to join the ambitious Iran-Pakistan-India (IPI) gas pipeline project. ''If India desires, they are still welcome to join the project,'' Pakistan's Petroleum and Natural Resources Minister Asim Hussain told The Tribune during his visit to India recently to discuss …
The Cabinet Committee on Economic Affairs on Tuesday approved majority share sale of Cairn India Ltd to Vedanta Resources Plc after the Law Ministry clarified that there was “no legal or constitutional objection to the Petroleum Ministry’s proposal” for the transfer. The Petroleum Ministry had sought fresh approval in view …
Investors in Cairn India can heave a sigh of relief. Ending all uncertainties over the deal, the Cabinet gave its final approval to the Cairn Energy-Vedanta Resources deal on Tuesday. The Petroleum Ministry had to approach the Cabinet Committee on Economic Affairs again seeking fresh approval after the Home Ministry …
Budget 2012-13 is likely to make diesel cars more expensive. Unable to move to a market-linked pricing regime for diesel due to political compulsions, the government is considering the simpler way of levying additional excise duty on diesel cars. The petroleum ministry has sent a proposal to the finance ministry …
The Oil Ministry has suggested key changes in the natural gas allocation policy in the view of sharp drop in output from Reliance Industries’ eastern offshore KG-D6 block. In a note to the Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee, the ministry has proposed to stop …
In an about turn from his previous proposal for an additional excise on diesel cars, Dr Kirit Parikh, has said that the annual road tax system should instead be brought back with a “differential tax” for diesel vehicles. This would also affect existing diesel cars on the road, which will …
Anil Ambani-promoted Reliance Power and energy giant Shell are in talks to jointly set up India’s first east-coast LNG terminal to fuel factories and power plants that are eyeing imports as output from the D6 block has fallen sharply, three people familiar with the matter said. Several companies, including Petronet …
New Delhi: Politics has again prevailed over business, and the government appears to be losing its nerve for fuel price hike after last week’s Parliament debacle over Lokpal. The oil ministry on Monday did not allow state-run fuel retailers to raise petrol price. The retailers, who review prices on the …
Year 2011 was been a year of records for the oil business. It was a year when despite the sovereign debt tumult in Europe, the consumer “balance sheet”, recession in the US and the general economic slowdown in the BRIC countries, the price, demand, revenues and expenditures related to petroleum …
With the steel ministry intensifying its demand for allocation of gas to steel companies, the petroleum ministry has approached the Empowered Group of Ministers (EGoM) for a decision. After being classified as a non-core sector for gas allocation, the steel plants have been crying fowl and are demanding gas supply …
Has deferred decision on the critical issue of allowing the company to fully recover previous costs The oil ministry plans to impose cost limits on the development of new KG Basin gas fields by Reliance Industries, and has deferred its decision on the critical issue of allowing the company to …
The Petroleum and Natural Gas Regulatory Board (PNGRB) is aggressively pushing for deregulation of gas prices to encourage private investment and lure oil companies to invest in exploration and ramp up production from existing fields, a senior regulatory official said. The government has fixed the price of natural gas at …
Standing Committee on Petroleum & Natural Gas present this ninth report on "Challenges of Under-recoveries of Petroleum Products". The term "under-recovery" has been used by the Government for "losses" experienced by the public sector oil marketing companies due to incomplete cost recovery on selling of petroleum product in the market. …
Fuel price hike, which has come under CAG pressure, will worsen crisis for power sector The government’s desire to be on the right side of its top auditor by increasing fuel prices for merchant power plants is likely to worsen the crisis in the sector reeling under high input costs …
