Prices of natural gas is likely to rise to record levels at the rate review scheduled this week. The government-dictated price for natural gas produced in the country is to be revised on October 1, 2022. After factoring in the spike in energy prices witnessed in recent months, the rate paid for gas produced from […]
The country will see a much higher crude production volume from next year onwards, Petroleum Secretary Pankaj Jain said, adding that the outcome is the result of a series of efforts made by the Centre. Jain made these comments on the heels of contracts signed by the government for 34 oil exploration blocks. He was […]
The lag in area coverage of kharif crops like paddy so far is not a concern and the gap will be covered in the current month with progress of monsoon rains, a senior Agriculture Ministry official said. Till last week, area sown to total kharif crops was down 9.27 per cent at 406.66 lakh hectare […]
The minimum support price on agri crops should continue as long as markets become competitive and efficient, but it should be given through means other than procurement, government think-tank Niti Aayog member Ramesh Chand said last week. Chand, while addressing a conference on ‘Getting agriculture markets right’, organised jointly by National Stock Exchange and ICRIER […]
India has raised its basic import duty on gold to 15 per cent from 10.75 per cent, the government said in a notification on Friday, as the world’s second-biggest consumer of the precious metal tries to dampen its demand. India fulfills most of its gold demand through imports, which were putting pressure on the rupee which hit […]
The cost of solar Photovoltaic (PV) modules (Mono PERC) has climbed-up by over 40 percent to 27-28 US$ cents per watt in the past 18 months, driven mainly by spike in the cost of polysilicon, a key input for module producers, according to research agency ICRA. “Driven by the disruption in operations across the value […]
Assured about reaching the targeted 300 million tonnes per annum (mtpa) crude steel production capacity by 2030-31, from about 140 mtpa at present, the steel ministry is now preparing a Vision 2047 document under which it intends to jack up capacity further to 500 mtpa. The 300-mtpa production capacity was set out under the National […]
NTPC, state-run power giant, has made commercially operational an additional 42.5 megawatts (MW) of power generation capacity at Ramagundam floating solar project in Telangana. Earlier the company had commissioned 17.5 MW (Part-I) and 20 MW (Part-II) of the Ramagundam floating solar project. With the addition of 42.5MW, the total commercially operational power generation capacity of […]
Jet fuel prices were hiked by over 18 per cent – the steepest ever increase – to all-time high levels after international oil price surged to a multi-year high. The increase – sixth straight this year – led to prices soaring past the Rs 1-lakh-per-kilolitre mark for the first time ever. Aviation turbine fuel (ATF) […]
In a bid to attract investment of big corporate entities in India’s foodgrain storage infrastructure, the food ministry has approved a policy which encourages the private players to bid for multiple projects for construction of 249 state of art silos with close to 11 million tonne (MT) wheat storage capacity for FCI. The silos will […]
