GOOD EVENING INDIA

October 15, 2018, Monday

Your Evening News Updates From Across The Media Space 

STORY OF THE DAY

PM Calls For More Responsible Pricing Of Oil And Gas

PM Calls For More Responsible Pricing Of Oil And Gas

The world has seen oil and gas prices on a roller coaster for much too long and “we need responsible prices to balance the interests of both producer and consumer”, declared Prime Minister Narendra Modi, in his inaugural address at the 16th International Energy Forum.

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MUST READ

Cabinet Delegates Powers To Oil, Finance Ministers To Award Oil Blocks

Cabinet Delegates Powers To Oil, Finance Ministers To Award Oil Blocks

The Union Cabinet has empowered the ministers of petroleum and natural gas and finance ministries to approve the award of the blocks and contract areas to successful bidders under Hydrocarbon Exploration and Licensing Policy (HELP) and Open Acreage Licensing Policy (OALP) after International Competitive Bidding (ICB) to expedite the process and boost ease of doing business.

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Indian Rail Steps Forward To Get Closer To Sino Indian Border

Indian Rail Steps Forward To Get Closer To Sino Indian Border

After decades long wait, finally Indian Himalayan state Sikkim is getting into Indian railway network. In addition to fulfilling aspiration of local people, the link will facilitate faster military movement towards Sino Indian border that the Himalayan state hosts.

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India Ranks 130 In Index Of Economic Freedom; Up By 13 Spots

India Ranks 130 In Index Of Economic Freedom; Up By 13 Spots

India has jumped 13 places in the last one year to be earn 130th spot in the latest annual Index of Economic Freedom released by a top American think-tank.

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Govt Relaxes Rules For Coal India To Ease Coal-bed Methane Extraction

Govt Relaxes Rules For Coal India To Ease Coal-bed Methane Extraction

The Cabinet on Wednesday relaxed rules for state-owned Coal India Ltd for extraction of natural gas lying below coal seams in its blocks in a bid to quickly boost production.

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New Doors Will Open If Arcelormittal Wins Essar Bid, Says Fitch

New Doors Will Open If Arcelormittal Wins Essar Bid, Says Fitch

A successful bid by ArcelorMittal for Essar Steel would give exposure to the Indian steel market, which is likely to be the fastest-growing in the world over the next two decades.

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Govt Gives Approval For India-ISA Headquarters Agreement

Govt Gives Approval For India-ISA Headquarters Agreement

The government today gave an ex-post facto approval to a proposal for entering into Headquarters Agreement between India and International Solar Alliance (ISA).

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Hyderabad Can Generate 1,730 Mw Rooftop Solar Power: Study

Hyderabad Can Generate 1,730 Mw Rooftop Solar Power: Study

With a potential of 1,730 MW power generation through rooftop solar panels, Hyderabad can become solar champion in India, thereby reduce air pollution by cutting on coal-based power, according to a study.

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Power Purchase Scheme For 2,500 Megawatt Capacity Only A Partial Relief: ICRA

Power Purchase Scheme For 2,500 Megawatt Capacity Only A Partial Relief: ICRA

The power ministry’s latest scheme for procurement of power from 2,500 Megawatt (Mw) of coal-based capacity for three years from operational coal-based projects without long-term Power Purchase Agreements (PPAs) provides only a partial relief to generators, according to ratings agency ICRA.

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Govt Asks Indian Oil, Others Not To Raise Petrol, Diesel Prices

Govt Asks Indian Oil, Others Not To Raise Petrol, Diesel Prices

India’s state-run oil retailers have been asked not to increase retail diesel and petrol prices and absorb a part of the losses due to the recent recovery in global crude oil, people with knowledge of the matter said.

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Oil Companies Say No Directive From Government To Defer Price Hike

Oil Companies Say No Directive From Government To Defer Price Hike

The government has not asked state-owned oil firms so far to avoid raising the retail price of petrol and diesel in view of next month's elections in Karnataka, heads of IOC and HPCL said on Wednesday.

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India's H-Energy Aims For Commercial Start-up Of LNG Terminal By Q4

India's H-Energy Aims For Commercial Start-up Of LNG Terminal By Q4

India's H-Energy Pvt Ltd, a unit of real estate group Hiranandani, aims to start full commercial operations at a new floating liquefied natural gas (LNG) terminal by the fourth quarter of this year, a company official said on Wednesday.

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Saudi Aramco Inks Mou For ₹3-lakh Crore Mega Refinery At Ratnagiri

Saudi Aramco Inks Mou For ₹3-lakh Crore Mega Refinery At Ratnagiri

Taking another step towards making the proposal for a mega refinery in the country’s west coast a reality, an Indian consortium consisting of Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation signed an MoU with Saudi Aramco here on the sidelines of the16 International Energy Forum Ministerial.

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Pro-poor Move Makes India 2nd Largest LPG Importer

Pro-poor Move Makes India 2nd Largest LPG Importer

India is the world’s second largest importer of LPG (liquefied petroleum gas) after China and remains ahead of Japan as the Modi government’s drive to provide clean cooking fuel to millions of poor families boosted household demand by nearly 8% in 2017-18.

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Shell Says India Business Won’t Be Impacted After Arm Bg Reduced Stake On Mahanagar Gas

Shell Says India Business Won’t Be Impacted After Arm Bg Reduced Stake On Mahanagar Gas

Energy major Shell’s subsidiary BG Asia Pacific Holdings has sold part of its shareholding in Mahanagar Gas as a part of its strategy to simplify business but remains optimistic about its business in India, the company said in a statement.

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Indian, Chinese Oil Companies Look To Invest In Ecuador, Minister Says

Indian, Chinese Oil Companies Look To Invest In Ecuador, Minister Says

Indian oil company ONGC Videsh is looking at buying a stake in oil fields in Ecuador and may also participate in an upcoming tender for the Intercampos blocks, Ecuador's oil minister Carlos Perez said on Wednesday.

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oil majors

Saudi Aramco's $44-billion Deal May Change The Entire Oil Game For India

Saudi Aramco, the world's biggest oil company, on Wednesday announced a $44-billion deal to build a giant refinery complex in India with three Indian oil majors.

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NHAI Inks Pact For Maiden Rs 1,177 Cr Global Project

NHAI Inks Pact For Maiden Rs 1,177 Cr Global Project

The National Highways Authority of India (NHAI) today inked a pact for its maiden international project, part of the India-Myanmar-Thailand Trilateral Highway.

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Tracks Can’t Bear Very Heavy Loads: Rly R&D Wing

The Railways’ research arm, Research Design and Standards Organisation (RDSO), has warned against carrying heavy cargo till the existing rail tracks are upgraded.

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