Government may widen its subsidy net to cover all cooking fuels including piped natural gas and bio-gas along with the existing subsidy on LPG and kerosene. Niti Aayog’s proposal for a comprehensive ‘cooking subsidy’
Union Minister Dharmendra Pradhan spoke to the media on fuel prices, reiterating his stand on bringing the fuels under the GST ambit. He said, “I want petrol and diesel to come under the ambit of GST. The GST Council should take a decision on this.”
Around 3 billion of the world’s poorest people still rely on solid fuels (wood, animal dung, charcoal, crop wastes and coal) burned in inefficient stoves for cooking and heating, and some 1.2 billion light their homes with simple kerosene lamps.
The world’s major industrial democracies spend at least $100 billion each year to prop up oil, gas and coal consumption, despite vows to end fossil fuel subsidies by 2025, a report said on Monday ahead of the G7 summit in Canada.
The rise of renewable sources of energy and their gallant victories over fossil fuels — particularly coal — is now legendary.
The revolution in electric vehicles set to upturn industries from energy to infrastructure is also creating winners and losers within the world’s biggest metals markets.
Mukesh Ambani has elbowed past Li Ka-shing to become Asia’s second-richest man as investors rallied behind his efforts to arm India’s poor with cheap data-loaded phones.
In an attempt to improve the quality of Beijing’s polluted air, the authorities are planning to mandate that every new taxi in the city must be electric or gas-fuelled, China’s National Business Daily reported last month.
Advanced technologies coupled with a change in attitude towards the use of petroleum products was the need of the hour to fight emissions