Ministry of Petroleum and Natural Gas is pushing for a cut in excise duty on petrol and diesel in the upcoming 2018/19 budget to cushion the impact of rising oil prices on its vast consumer base, two oil ministry officials told Reuters on Monday.
Public sector upstream giant Oil and Natural Gas Corp (ONGC) has decided to increase its borrowing limit from Rs 25,000 crore to Rs 35,000 crore in order to fund the acquisition of Hindustan Petroleum Corporation (HPCL) for which it has agreed to pay Rs 36,915-crore to the government.
Japanese steel and engineering companies are in the driver’s seat to bag major supply contracts for a $17 billion Indian bullet train, several sources said, undermining a key component of Prime Minister Narendra Modi’s economic policy – a push to ‘Make in India’.
As year 2017 nears to an end, India’s power woes are slowly cooling off, thanks to large capacity addition in renewables, improved coal availability for conventional plants and increasing demand for electricity.
India is set to surpass China as the biggest importer of liquefied petroleum gas (LPG) this month as a drive to replace wood and animal dung fires for cooking boosts consumption.
So far, you would have only seen them in Hollywood flicks – James Bond, in particular, is quite fond of them – and in glossy travel spreads of some luxury island resort.
Did Ex-PM Manmohan Singh Forgo Duties As Coal Minister? Deputy Approved Coal Block Allocation, Says Probe Report
Former Prime Minister Manmohan Singh was so keen to be kept at arm’s length from anything unsavoury either in the 2G or the coal block allocation scam, that he chose to depute his job as coal minister to his deputy TKA Nair. These are some of the many shocking facts that have been highlighted in the ML Sharma Committee report submitted to the Supreme Court earlier this year. India Today has accessed details of the report.
After milking the science behind Ayurveda, yoga guru Baba Ramdev’s Patanjali is all set to harness the power of sun. Expanding its market beyond the fast moving consumer goods category, Patanjali is going to diversify into solar power equipment manufacturing, a Mint report said on Tuesday.
In a rather ambitious project, the Indian Railways is going to interconnect the four major metros of the country. Delhi, Mumbai, Kolkata and Chennai will be connected with each other by a network of high-speed trains that run at 160 kmph, as against the current 88-90 kmph.
Transport minister Nitin Gadkari said on Monday that the battery swapping policy proposed by Niti Aayog to promote advanced electric mobility in the country is not viable in India.