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, …
Obama administration officials say they are concerned India may run afoul of a new US law restricting payments for Iranian oil, forcing the White House to impose sanctions on one of its most important allies in Asia. So far this year, India is failing to cut back its purchases of …
NEW DELHI: Oil Ministry is closely monitoring oil imports by refiners, but it has no plans to order a reduction in Iranian supplies despite reports that the Obama administration may impose sanctions against India on June 28 because the country continues to buy significant quantity of oil from Teheran, government …
The sheer scale becomes evident several kilometres before one reaches old Mundra town while driving from Gandhidham along Gujarat’s upgraded state highway 6. Six gargantuan chimneys, four with red and white alternating stripes and two with black markings on top, break the hazy Kutch skyline to herald the site where …
Pakistan and India are to begin technical talks for installing the joint electricity transmission system between Amritsar and Dina Nath, Lahore. A delegation from New Delhi will be visiting Islamabad and hold talks on April 1, a senior official told Pakistan Observer. The electricity transmission infrastructure is vital to import …
Washington announced yesterday that it has initiated consultations with New Delhi at the WTO over India's prohibition on imports of US poultry, chicken eggs, and other agricultural products - the first stage in the global trade body's dispute settlement process.
The price of compressed natural gas (CNG) for automobiles in Delhi has been raised by 5% and oil marketing firms plans to raise petrol rates in a few days as the completion of assembly elections has removed political obstacles for companies. Oil marketing companies are drawing plans to raise petrol …
New Delhi Investors setting up greenfield urea production plants will be given subsidy to cover the cost of imported liquefied natural gas (LNG) up to $17-18 per million metric British thermal unit (mmBtu), a generous concession that will also take care of freight charges and marketing margins charged by the …
New Delhi India’s largest Iranian oil buyer plans almost to halve daily imports, industry sources said on Monday, becoming the latest Asian refiner to cut supplies from Iran as Western sanctions make trade with Opec’s second-largest producer difficult. India, China and Japan buy almost half of Iran’s estimated 2.6 million …
Auto industry body Society of Indian Automobile Manufacturers (Siam) today lashed out at the government for trying to impose higher tax on Indian diesel cars, while preparing to cut duties on those imported from Europe. Expressing concern that India may be giving away too much in the proposed free trade …
Pakistan has started importing 70MW electricity from Iran which is being supplied to Makran Division of Balochistan province. A spokesman of the Ministry of Water and Power said on Wednesday that after enhancing the transmission lines capacity, Iran has increased its power supply upto 70MW to Pakistan from February 26. …
The commerce department has opposed power ministry's attempt to protect existing ultra mega power projects (UMPPs) from the proposed duty hike on imported power equipment. It has said the higher duties should be imposed on all imports from the day the Cabinet approves the proposal. “In the Cabinet note on …
A bid by the Philippines to extend special treatment on rice imports at the WTO is being blocked by the US over health and safety standards for frozen meat, the Filipino agriculture minister claimed last Thursday. The two sides met today in the Philippines in an attempt to resolve the …
Environment hurdles would make this impossible, say experts The world’s largest coal producer, Coal India Ltd (CIL), is in a spot of bother. In order to meet the directive from the Prime Minister’s Office to ensure supply for 20 years to power plants of 50,000 mega watt (Mw) that would …
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 …
Thousands rallied yesterday in Malaysia against an Australian miner's rare earths plant in the biggest protest yet over fears it will produce radioactive waste harmful to them and the environment. Australia's Lynas has almost completed building the plant near the seaside town of Kuantan in eastern Pahang state to process …
Striking against rising global protectionism, India has dragged both Turkey and Egypt to the World Trade Organisation for imposing special import duties on Indian cotton yarn, lowering competitiveness in these markets. New Delhi has been criticising Turkey for violating WTO norms at several forums of the WTO for the past …
Demand higher tariff for plants fearing CIL imports may raise their production costs. Eight industrialists, including Cyrus Mistry, Anil Ambani, Gautam Adani and GM Rao, met principal secretary in PMO Pulok Chatterji to demand higher tariff for their power plants as they fear coal imports by Coal India Ltd would …
Beijing/New Delhi China, India and Japan are planning cuts of at least 10% in Iranian crude imports as tightening US sanctions make it difficult for the top Asian buyers to keep doing business with the Opec producer. The countries together buy about 45% of Iran’s crude exports. The reductions are …
Would encourage NTPC and Damodar Valley to maximise production to help power plants The government will prod state-run firms such as NTPC and Damodar Valley to maximise production from their mines so that up to 150 million tonnes of additional coal could be produced annually. The rise in production would …
