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 and gas industry is hopeful that the budget may treat natural gas on a par with crude oil for tax exemption, which could revive investors' interest in future auction of oil blocks, but it does not see any strong commitment from the government on this matter. …
ONGC, BPCL soon to sign an MoU for putting up LNG terminal at Mangalore ONGC, Six years after the $1 billion project was put in cold storage, state-owned Oil & Natural Gas Corp (ONGC) will by this month-end revive plans to set up a liquid gas (LNG) import terminal near …
Cyrus Mistry, Anil Ambani and Chanda Kochhar on the 22-member advisory panel Power sector heavyweights including, Tata Group Chairman Cyrus Mistry and ADAG Chairman Anil Ambani, along with top bankers, will meet power minister Jyotiraditya Scindia tomorrow to discuss issues hurting fresh investment running into lakhs of crore in the …
Oil minister M Veerappa Moily on Monday ruled out a rollback in the Rs.1.50-a-litre hike in petrol and 45 paise a litre increase in diesel rates, saying only a small raise has been passed on to consumers. “I think everybody would appreciate that we have not put a lot of …
Signs gas transmission pact with Karnataka Power Corporation GAIL (India) commenced delivery of gas through its 1,000 km-long Dabhol-Bangalore pipeline on Monday. The first recipient of the gas was Toyota Kirloskar Auto Parts, which will utilise the fuel for its captive 6.5 MW power plant. The company has installed a …
The company has said that gas supplies from Reliance D-6 block was dwindling The Ministry of Environment and Forests (MoEF) has allowed GVK Group's gas-based power plant in East Godavari to use diesel as an alternate fuel after the company said gas supplies from Reliance D-6 block was dwindling. The …
It seeks Petroleum Ministry’s intervention to ensure audit of KG-D6 block is not carried out under CAG (DPC) Act The Mukesh-Ambani-owned Reliance Industries Limited (RIL) has written to the Petroleum and Natural Gas Ministry seeking its intervention and an assurance that the audit of the KG-D6 block by the Comptroller …
New Delhi: Fearing oil refineries will be hit hard by the Finance Ministry's move to change the way petrol and diesel are priced, Oil Minister M Veerappa Moily has asked Prime Minister Manmohan Singh to constitute an expert committee to decide on the issue. The Finance Ministry has informed the …
Complains to ministry about co not co-operating with auditors due to differences over scope of the audit The Comptroller and Auditor General’s (CAG) audit of the controversial KG-D6 gas fields operated by Reliance Industries (RIL) has again cast a shadow on pending approvals for the block’s budget and investment plans. …
Says the move to continue till losses are wiped out Petroleum Minister M Veerappa Moily on Friday said diesel prices would be raised 40-50 paise a litre every month until under-recoveries on the fuel were completely wiped out. “Until further orders, oil marketing companies can increase it (diesel prices) by …
The government’s decision to cap the number of subsidised LPG (liquefied natural gas) cylinders seems to have brought cheer to oil companies as their auto gas segment has registered significant growth since last September. IndianOil Corp Ltd, for instance, saw a growth of around 22 per cent in volumes and …
India’s northeastern state Nagaland has declared independence from the Union oil ministry and invited bids for 11 exploration blocks in the state without involving the petroleum ministry, which has rushed to the home ministry in protest. The centre was caught napping, when Nagaland invited “expressions of interest” from oil companies …
The proposed policy will ensure parity in the price of imported and locally-produced gas The Union Ministry of Petroleum and Natural Gas will soon bring in a Uniform Gas Price Policy to ensure parity in the price of imported and locally-produced gas. "I have worked out the policy, but don't …
If the price rise is approved, it would raise costs for power and fertiliser companies and other natural gas buyers such as city gas distributors The pricing of natural gas is set for a major revamp. An empowered group of ministers is likely to approve new policy guidelines based on …
90% Of The Fuel Is Used For Intermediate Purposes Every few days, Rajkumar Sharma, manager of a group housing society in Noida, trots off to the nearby petrol pump for his quota of diesel for the society’s power generators. But his back-of-an-envelope calculations have got more urgent of late. “Our …
New Delhi: Free-market diesel price in 24 mths; only LPG, kerosene to get subsidy The UPA government is going the whole hog on its plan to move towards fully market-determined pricing of diesel, which accounts for 60% of this year’s estimated fuel subsidy bill of R1.7 lakh crore. “In 24 …
Petroleum minister Veerapa Moily has prepared a Cabinet note, recommending a new formula suggested by the Rangarajan panel to split profits between the exchequer and fuel producers from oil and gas blocks to be awarded in the future to avoid disputes over timely payment of the state’s share of profits. …
New Delhi: n Petroleum ministry knocks on investment body’s door for clearances Move would benefit RIL, Cairn, BP, BHP Billiton and ONGC The petroleum ministry is set to approach the Prime Minister-led Cabinet Committee on Investment (CCI) for fast-tracking the approvals for 20 offshore exploration blocks, held up for want …
Even as the Union Cabinet gave its nod on Thursday to raise the cap on supply of subsidised LPG cylinders to nine cylinders from six per year per household, the oil marketing companies (OMCs) were gearing up to marginally raise the diesel prices, which could happen by Thursday itself. The …
Govt has permitted oil companies to increase diesel price by 45 paise a month Bulk consumers will have to pay market price, to be revised every fortnight; Consumers would get nine subsidised cooking gas cylinders a year, instead of six at present Unwilling to announce a hike in diesel price, …
