The “Strategy paper on Coal Import Substitution” has been prepared as a report of the IMC (Inter-Ministerial Committee). The paper focusses on the present energy mix of the country, domestic coal production, trends and projections, import trends (sector-wise), coal import substitution measures already taken by the Government and most importantly, …
Ever since the ban on Iranian oil imports by European Union nations came into effect in February 2012, Indians oil companies have gradually reduced their dependence on oil from the West Asian country and put in place alternative arrangements. India aims to cut Iranian oil imports by around 15% every …
A new fiscal regime for oil and gas output is broadly welcome with attendant institutional revamp There seems much policy reform in the pipeline in the oil and gas sector. The report of the ‘Committee on the production sharing contracts mechanism in petroleum industry’ calls for policy overhaul to incentivise …
In an attempt to make power plants using imported coal viable, the government will recast its coal allocation policy to ensure that all such projects that have reached advanced levels of completion get up to 30% of their fuel requirements through indigenously produced coal. The move would benefit six power …
The world's largest coal-based power plant is struggling to survive at the back of pricing problems On Monday, a high-level inter-ministerial panel will take a call on fuel supply for Adani Power’s Rs 25,000-crore imported coal-based power plant at Mundra in Gujarat. The infrastructure and mining major had asked the …
Tehran posits itself as an attractive transit destination Seeking closer economic ties, Iran posited itself as an attractive transit destination to other countries and a net provider of energy security at a press conference by top official Saeed Jalili, who is being spoken as a presidential candidate to replace Mahmoud …
Says CIL Doesn’t Have Capacity To Meet Demand Of 43,000 MW Power Plants New Delhi: Planning commission deputy chairman Montek Singh Ahluwalia has made a strong pitch for privatization of the coal sector to meet the growing coal demand from the industry. Ahluwalia, who advocated private investment in the coal …
Natural gas prices in the economy are expected to rise as a panel led by the Prime Minister’s Economic Advisory Council chairman C Rangarajan has asked for linking domestic prices to an average of international hub prices and the cost of imported LNG. The report submitted to Prime Minister Manmohan …
This report presents a broad overview of the coal sector, highlights key challenges and provides suggestions on overcoming them. It calls for an independent regulator to look after planning and execution, transparency mechanisms alongwith the compliance to environmental norms. The coal sector, which contributes over half of India’s primary commercial …
In order to incentivize the LPG Industry for enhancing local LPG production as well as import of LPG and its utilization in the automotive sector & in LPG Air Mix plants for provision of gas to consumers, the Government is introducing these policy Guidelines. The main objectives of these policy …
The “Indian Petroleum & Natural Gas Statistics” presents comprehensive statistics on various aspects of Indian Petroleum & Natural Gas Industries. The data on international developments in respect of the important segment of Petroleum and Natural Gas Industries have also been presented in the publication. The Statistics presented in the current …
State-owned aluminium maker National Aluminium Co Ltd (Nalco), which cut up to eight per cent capacity last year, will shut more over the next fortnight. “We are looking to shut down three-four per cent capacity, as the prices of imported and e-auctioned coal are unviable,” said B L Bagra, director …
The Cabinet note on pooling the price of coal through blending domestic fossil fuel with imported coal costs is likely to be placed before the Cabinet Committee on Economic Affairs (CCEA) next month. “It was further agreed that the note on pooled prices would be placed for CCEA’s consideration by …
The panel, headed by Prime Minister’s Economic Advisory Council Chairman C Rangarajan, was tasked to suggest design of future contracts for exploration and production of oil and gas The Rangarajan committee is believed to have suggested a complex pricing formula that will lead to near-doubling of the natural gas price …
Fertiliser majors waiting to make investments in new urea plants have reasons to cheer as the government has promised, subject to a ceiling, it would cover the additional cost from natural gas imports given the paucity of domestic gas. Currently, the Asian spot price of the feedstock, which forms over …
The Asia-Pacific Trade and Investment Report aims to deepen understanding of regional trends and developments in trade and investment; emerging issues in trade, investment and trade facilitation policies; and impacts of these policies on countries’ abilities to meet the challenges of achieving inclusive and sustainable development. APTIR 2012 focuses on …
‘The Supreme Court on Friday refused to stay recovery of entry tax dues amounting to more than R350 crore, payable on goods imported by companies for their plants and services in Orissa between 2008 and 2012. Companies including Vedanta Aluminium and Tata Steel have been slapped notices over these dues. …
The government’s bid to curb illegal mining has resulted in a steep fall in iron ore production. From 208 million tonnes in 2010-11, production is expected to slide to 100 million tonnes(mt) this year. Provisional figures from the Indian Bureau of Mines indicate t ore production during April-September stood at …
The government has indicated it may revise the decision to cap the number of subsidised LPG cylinders to six a year, per household, following pressure from ruling and Opposition parties. “We are applying our mind to it. I will discuss with the prime minister and the finance minister by how …
Scientists fear that Kenya's recent banning of the import of genetically modified organisms (GMOs) may be a significant blow to progress on biotechnology research and development in the country. A cabinet meeting chaired by Kenya's president, Mwai Kibaki, this month (8 November), directed the public health minister to ban GMO …
Despite ensuring ample availability of food, existence of food insecurity at the micro-level in the country has remained a formidable challenge for India. The recently introduced National Food Security Bill (NFSB) aims to address this and marks a paradigm shift in addressing the problem of food security—from the current welfare …
