Since the discovery of large offshore oil and gas reserves in 2014, Senegal has set its hopes on fossil fuel export revenue to help fund its plans to become an emerging economy by 2035. Senegal is actively seeking investors to help develop its offshore oil and gas reserves – both …
Leaseholders to submit papers on lease, fencing of lease areas, daily reports on transportation In a bid to regulate iron ore extraction and transportation by the private sector in Goa, the Directorate of Mines and Geology on Monday issued two orders, directing all leaseholders to submit daily reports on transportation …
Even as imported reactor-based atomic power projects are facing tardy progress, domestic nuclear sector firms are cashing in big-time on the demand for specialised nuclear services globally. The Heavy Water Board (HWB) has bagged a big export order for supplying 11,000 kg “high purity heavy water” from the US-based Linde …
Indian cotton farmers should not be asked to bear burden of subsidising textile mills, says Pawar Sharp divisions within the Congressled UPA government on policy matters saw agriculture minister Sharad Pawar shooting off a critical letter against two of his ministerial colleagues to Prime Minister Manmohan Singh. Pawar, who put …
Irked by curbs on milk, cotton and sugar exports, Union agriculture minister Sharad Pawar has shot off a letter to Prime Minister Manmohan Singh stating that the government’s policies are hurting farmers who are being asked to subsidise the industry. Mr Pawar wrote to the Prime Minister on Tuesday, a …
Miners’ association urges cancellation of December increase in export duty; says development hitting long-term interests Export shipments of iron ore declined 60 per cent in February on high duty levied by the government to discourage supply to steel mills abroad. Data compiled by the Federation of Indian Mineral Industries (Fimi) …
A group of ministers on Monday decided to continue with the ban on cotton exports, even as the prohibition on outbound shipments had led to intense political pressure on the government. "For the time being, there is no move to ease the export ban,&" said a senior official who participated …
PANJIM: The Mormugao Port Trust witnessed a 27% decline in iron ore exports for the year 2011-12 as compared to the previous year, bringing down the total traffic handled at the port by 22%. Revealing figures for the financial year 2011-12, Chairman of Mormugao Port Trust P Mara Pandiyan said …
Indian companies, cheering the Presidential decree forcing Coal India to fuel their power stations, face a fresh bout of uncertainty as Indonesia has proposed a 25% tax on coal exports which would make many plants unviable and encourage India to turn to Africa and Australia for fuel. Indonesia’s industry ministry, …
Honey might be no longer `nectar' for users. For, a test conducted by Centre for Science and Environment (CSE) found that it was more of a sugar served with antibiotics. The genuineness of the honey notwithstanding, the producers are turning their venture into one of the `sweetest' businesses. A prime …
Cracking down on illegal mining, the Department of Mines and Geology of Goa on Tuesday took a series of decisions, including the suspension of around 460 licences pending verification, and gave 15 days to all traders to submit documents. The government planned to come out with a comprehensive policy by …
Australian govt forecaster cites rise in global output as another reason for gloomy outlook. Iron ore prices may decline 8.5% this year as global output increases and growth in Asian steel production slows, according to a government forecaster in Australia, the world’s biggest exporter. Prices may average about $140 a …
New Delhi The recent freight rate hike announced by railways and the increase in excise duty from 10% to 12% are likely to make domestic steel costlier by over R1,000 per tonne. Major steel companies including Jindal Steel and Power (JSPL), Essar and Rashtriya Ispat Nigam (RINL) on Wednesday announced …
BHUBANESWAR: Minister for Steel and Mines Raghunath Mohanty on Wednesday said the State Government had decided to make the export of iron ore from different ports fully transparent. To a question from Hitesh Kumar Bagarti (BJP), the minister said according to the decision taken at a meeting presided over by …
Also woos Saudi Arabia with new petroleum diplomacy, while trying to soothe a vexed US, in an interesting coordination effort between external and other ministries India is finally plunging into the oil politics of the Gulf and West Asia. It sent a team of senior officials from the commerce ministry …
Reliance Power on Wednesday said it has obtained an order from the Delhi High Court restraining any "coercive steps" against its 4,000 MW-power project in Andhra Pradesh. A business daily had earlier reported that four state governments had slapped a fine of Rs 400 crore on the company's unit for …
NEW DELHI: The Justice M B Shah Commission looking into illegal mining in Goa submitted its report to the central government on Thursday. The report is believed to have placed substantial blame on the state government for its failure to prevent illegal mining and rampant export of iron ore abroad. …
Gazprom, the world’s largest natural-gas exporter, is struggling to get a foothold in the Asian markets leading global economic growth. The Russian company’s plan to supply liquefied natural gas to India from 2016, the year the US is set to start gas exports, is faltering after buyers said they’re looking …
New Delhi Economic growth is likely to pick up pace in the fiscal year that starts on April 1 and could grow 7.6 percent, a finance ministry report (Economic Survey 2011-12) said on Thursday. Economic growth faltered to a three-year low of 6.1 percent in the December quarter and the …
The Indian government announced its intention to partially repeal a recent ban on the export of cotton on Monday, just one week after originally enacting the measure.
Committee fears more textile mills, importing nations may switch to polyester India’s recent flipflop over a ban on cotton exports has created uncertainty in the market, according to countries that produce, trade and consume the item. The twin development could, in the long term, encourage more textile mills around the …
