Indian oil consumption in 2017 grew at its slowest in four years, according to government statistics, hit by the government’s demonetisation move and a tax increase that knocked the gain in fuel use back to a modest 2.3 percent.
The NMDC offer for sale (OFS) concluded on Wednesday with the government successfully raising about Rs 1,200 crore by divesting 2.52% of its stake in the company.
The central government reduced its energy subsidies–financial benefits provided to boost energy production and consumption–by over Rs 820 billion (Rs 82,000 crore or $15 billion) between 2013-14 and 2015-16, a drop of 38%.
Are underway with Westinghouse Electric Company for a “viable project proposal” to set up six nuclear power reactors, the government informed Rajya Sabha today.
The government is reportedly mulling a proposal to the split the Gas Authority of India Limited (GAIL) into two separate entities.
Coal, considered a polluting fuel, is turning out to be a heavy contributor to the government coffers. It is likely to contribute around Rs 95,000 crore to the government’s coffer in the form of clean energy cess between this financial and 2020.
The analyst community is a little worried that there is a lot of pressure on your marketing margins as you have not been able to hike prices entirely in tandem with oil prices. Could you confirm that for us
With oil prices on the boil, the government will be under pressure to cut excise duty on petrol and diesel to help soften the impact on consumers, credit rating agency Icra said today.
The government is looking at 2018 with renewed optimism for the coal sector in the wake of demand upturn and expecting 6-7 per cent growth in supply of the dry fuel next year.
In order to promote solar energy, the Government have launched several schemes in the country. The details of schemes and the component of Central Financial Assistance.