The focus of the auto industry is inexorably drawn toward health and safety issues that confront the industry on a daily basis. It is also a fact that the auto sector drives standards of living via increased employment opportunities.
State oil companies have planned a capital spending of Rs 89,000 crore, or $14 billion, in 2018-19, half of which will go into exploration and production.
Indian Oil Corporation will invest Rs 3,400 crore in Assam over the next five years to expand its operations by setting up new units as well as upgrading the existing ones, a senior IOC official said today.
Five major oil and natural gas PSUs would set up a joint company for a 1500 km gas pipeline at an estimated cost of Rs 6000 crore stretching from Guwahati to Tinsukia via Numaligarh to supply gas to the NE states, Petroleum Minister Dharmendra Pradhan said today.
The Economic Survey rightly indicates that we as a nation are expected to embark on a high economic growth trajectory. As a continuation, the Union Budget 2018 is a positive step towards an overall development and growth of the economy demonstrating the intent to boost investments in rural development, healthcare, education and social sectors.
Solar tariffs rose sharply from their lowest level in the latest solar auction of 860 MW conducted by Karnataka’s Renewable Energy Development Ltd (KREDL). The lowest price was Rs 2.94 per unit, way above the winning tariffs of Rs 2.47 and Rs 2.44 per unit at the last two auctions in Rajasthan in December and May last year respectively.
Jaiprakash Power Ventures Ltd has offered its Nigrie power project to NTPC for acquisition while State Bank of India has proposed stake sale in three stressed plants of Bajaj Lalitpur, Jaypee Infratech and Jindal India Thermal to the state-run firm.
With the E-way bill generation platform facing technical glitches, the Government on Thursday said it is extending the trial period for e-way bill. However, the government has not clarified how long the trial will run.
The Budget has proposed a big expansion of the network of rural roads and agricultural markets, along with concrete steps to help farmers get better prices with the help of a focused strategy on imports and exports as well as participation in the futures market.
The proposal to expand free cooking gas programme to include 8 crore poor families, up 60% from 5 crore planned earlier, will give more women freedom from hazardous kitchen smoke, but the likely increase in the subsidy has raised concerns that oil companies may have to foot the bill.