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, …
India is expected to replace China as the world's largest soybean oil importer, the US Department of Agriculture said and projected India can become the third largest rice exporter by 2012. "India is projected to replace China as the world's largest soybean oil importer. In the projections, India's soybean oil …
Senior officials at the Ministry of Energy (MoE) have sought official position of the ruling UCPN (Maoist) on implementation of the Pancheshwar Multi Purpose Project, a part of Nepal-India Mahakali Treaty, ahead of the Nepal-India ministerial-level talks. During a preparatory meeting held on Wednesday in Energy Minister Post Bahadur Bogati’s …
A-I to be allowed to raise Rs 7,400 cr. A Group of Ministers today recommended allowing airlines to import jet fuel directly, a move that would help them cut fuel costs by up to 20 per cent. The GoM also approved a plan to recast Air India’s debt of Rs …
General Electric, the $147-billion US multinational, has opposed the government’s plan to impose duty on power equipment imports, stating this would jeopardise its prospects in India vis-a-vis other European companies. In a letter to Nirupama Rao, India’s ambassador to the US, the company’s vice president and senior counsel, global government …
If the Consumer Affairs Ministry had its say, imported food grains and pulses containing hazardous foreign matter would have made its way on to the Indian platter. In fact, import of damaged grains too would have been a possibility - on the pretext of the country witnessing inadequate food grains’ …
A U.S. solar industry group fighting a rival coalition's request for steep import duties on Chinese-made solar cells and modules warned in a report on Monday that more than 60,000 U.S. jobs could be lost if such duties were imposed. "We cannot allow one company's anti-China crusade to threaten the …
NEW DELHI: The government is ready with a plan to act against countries that provide subsidy to local producers and make exports more competitive. Although anti-subsidy action is a trade defence measure, permitted by the World Trade Organisation (WTO), the move is expected to hit China the most. Commerce department …
The Heavy Industries Ministry is pushing hard to ensure that the award of equipment contracts by developers of large power projects is done mandatorily through a bidding process, rather than the current practice of developers placing orders directly on the vendors of their choice. Speaking to reporters here, Heavy Industries …
Asserting that India was not facing any problem in making payments for the import of crude oil from Iran, Petroleum and Natural Gas Minister Jaipal Reddy on Wednesday warned that the country needed to be prepared for all eventualities. “We continue to be optimistic. Iran continues to be positive. However …
Troubled by problems like coal shortage, high fuel prices and delayed green clearances, top industrialists engaged in power sector, including Ratan Tata and Anil Ambani, today met Prime Minister Manmohan Singh who promised to address their grievances in a time-bound manner. The delegation of promoters and CEOs of over dozen …
NEW DELHI: Even as China cuts down drastically its oil imports from Iran, which is soon likely to run into fresh sanctions from the US and the EU, India on Tuesday declared it will continue to import crude oil from the country. Brushing aside US sanctions that prevent financial institutions …
This article attempts to estimate how India’s trade in agricultural products will be affected by tariff reductions according to the tiered formula of the 2008 draft modalities in the Doha round of the World Trade Organisation. The estimates indicate that the reductions in agricultural tariff rates will lead to an …
The country's private power producers will now be able to import fuel on their own as Bangladesh Petroleum Corporation (BPC) is unwilling to bear huge costs for soaring fuel imports. Cabinet committee on economic affairs at a meeting yesterday approved a Power Division proposal in this regard. Chaired by Finance …
Under growing pressure from the United States, some of Asia’s largest economies are reluctantly looking for options to reduce the amount of oil they buy from Iran, a move that would further tighten the economic vise on an increasingly defiant nation that announced plans for a new round of naval …
Plans to bring in 15-16 mt through long-term contracts in initial stage NTPC will invite expressions of interest next month for importing coal on a 10-15 years contract from foreign coal producers, chairman Arup Roy Choudhury said. The largest power generator hopes to start imports within the next financial year …
Around 20% depreciation of the rupee in the last six months has substantially increased electricity generation costs Electricity generation by plants running on imported coal is likely to drop in the coming months following a sharp depreciation in the value of the rupee, tripping one of the few drivers of …
Coal The Government hopes a consensus will soon evolve on opening of coal sector for commercial mining, a bill for which has been pending for past seven years, Coal Minister Sriprakash Jaiswal said today. The bill will come up for consideration of the House after "consensus is built," he said …
Calling for a redoubling of efforts to ramp up the domestic energy supplies, the Prime Minister, Dr Manmohan Singh, said that the country needs to rapidly increase energy consumption in order to achieve the 9 per cent growth target set for the Twelfth Five-Year Plan (2012-17). “We have set for …
Countries protect their renewable energy equipment. Exporting nations see it as trade barrier. The world is witnessing an increase in trade disputes in the renewable energy sector. Countries are trying to strengthen their renewable energy base by preferring indigenous products over imports. This is an obvious dampener for countries with …
: China said it was “deeply concerned” about a preliminary ruling by a US trade body that trade practices by Chinese solar makers are hurting US producers and said the decision underscored a US “inclination to trade protectionism”. Such protectionism measures would hurt bilateral trade and jeopardise mutual cooperation on …
