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. …
The fertiliser ministry, in a note to the EGoM on domestic natural gas pricing, suggested that gas should not be priced more than $6 mmBtu. If the price is worked out as per the Rangarajan formula, doubling the price from $4.2 now to over $8, the fertiliser subsidy burden would …
The Rangarajan committee report was facing flak from the finance, power and fertiliser ministries over its recommendations on pricing The fate of the Rangarajan Committee's recommendations is hanging in the balance after the postponement of a meeting of empowered group of ministers (EGoM) on natural gas. Not only does there …
While rejecting the formula suggested by the Rangarajan Committee on gas pricing, the Finance Ministry has asked the Petroleum and Natural Gas Ministry to place before the Empowered Group of Ministers (EgoM) an alternative formula based on wellhead prices of suppliers in the region, including the Gulf countries for long-term …
Govt’s Fertilizer Subsidy Bill Will Go Up By 10K Cr If Ranga Panel’s Formula Gets Nod Power tariff from gas-fired plants could jump by Re 1 per unit and the government’s annual fertilizer subsidy would rise by Rs 10,000 crore if the price of fuel pumped from domestic fields is …
Rs 60,352-cr impact on power, urea makers; FinMin comes up with its own formula Even before an empowered group of ministers starts deliberating on a revision in natural gas prices, the finance, power and fertiliser ministries have raised a red flag on the recommendations of the Rangarajan panel. Only the …
Draft of shale gas policy has been sent for inter-ministerial consultation-to ministry of finance, environment, law & planning commission As the government is trying to finalise a shale gas policy, it wants to build in environmental safeguards into the overall framework. The ministry of petroleum and natural gas is engaged …
Prime minister's office wants OMCs to bear credit subsidy for remaining 8 subsidised units on reimbursement basis Even as the Centre is accelerating the Direct Benefits Transfer (DBT) scheme for subsidised LPG cylinders, oil marketing companies are unlikely to benefit much from it. This is because the Prime Minister's Office …
The government is gearing up for the next big leap under the Direct Cash Transfer (DCT) scheme to bring a huge number of nearly 14 crore LPG consumers under its ambit. The scheme, which is likely to be launched from July 1, is aimed at directly putting the subsidy component …
The Comptroller and Auditor General (CAG) has agreed to resume the audit of Reliance Industries Limited’s (RIL) KG D6 block following assurances given by the Petroleum and Natural Gas Ministry that the audit team will have full access to all records, documents and accounts as provided under Article 25 of …
The proposal for the doubling of natural gas price made by the Rangarajan committee has the oil and power ministries at loggerheads. Sources said that the power ministry has held back its comments on the draft proposal circulated by the petroleum ministry for consultations as it does not want to …
The company finds hoards of buyers willing to pay a rate equivalent to what India pays to Qatar for importing LNG After Reliance Industries Ltd, GSPC, the firm floated by Narendra Modi government, plans to sell natural gas from its KG basin fields at imported LNG rate of $14.2 per …
State govt assures the court it will compensate the loss to the oil companies The Kerala high court on Thursday directed public sector oil companies -- Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Limited (HPCL) -- to supply diesel to the Kerala State Road Transport Corporation (KSRTC) at subsidised …
The petroleum ministry will approach a ministerial panel for a road map on a gas price pooling mechanism to help the power sector absorb the high costs of imported liquified natural gas (LNG) and prevent investments of over R1 lakh crore from becoming non-performing assets. Petroleum minister M Veerappa Moily …
Fertiliser min to oppose planned move to give priority to power sector The oil ministry’s intent to give priority to the power sector for allocation of gas has raised an alarm in the fertiliser ministry. Sources have indicated that the fertiliser ministry will strongly oppose the move when oil ministry …
Consortium partners will sign memorandum of understanding on March 18 A consortium led by the Oil and Natural Gas Corporation Ltd (ONGC) will do a feasibility study on setting up a Liquefied Natural Gas (LNG) Regasification Terminal at the New Mangalore Port. The proposed terminal will have an initial capacity …
India is set to join a select group of countries having a specialised agency mapping its shale gas potential. A proposal to this effect has already been worked out by the oil ministry. The proposed agency will fall under the central government. It will have the mandate to map the …
Policy on CBM in a week, shale in a fortnight After unleashing a frontal attack on subsidies and increasing the pricing freedom of oil companies, the government is set to unwrap key policy initiatives this month with a view to augmenting the country’s energy security. These include a new policy …
The company will on March 13 sign a MoU with the Rajasthan government for setting up the refinery-cum-petrochemical complex State-owned Hindustan Petroleum Corp Ltd (HPCL) plans to invest Rs 37,000 crore in setting up a nine million tonne oil refinery and a petrochemical complex at Barmer in Rajasthan. The company …
JAIPUR: In what will be the biggest ever investment in the state, the board members of Hindustan Petroleum Corporation Limited (HPCL) approved the Rajasthan government's proposal to set up the 19th oil refinery of the country in Barmer. "The memorandum of understanding (MoU) to set up the refinery at Barmer …
Finance Minister P. Chidambaram, on Tuesday, said that while the Government was open to suggestions on dual pricing for diesel, it would be difficult to charge a market price for luxury cars and subsidised price for transport trucks at the same petrol pump. “We have knocked our heads together to …
