ONGC to set up India’s first geothermal power station at Ladakh

State-owned Oil and Natural Gas Corporation (ONGC) will implement India’s maiden geothermal field development project in Ladakh that will use the heat generated by the Earth’s core to generate clean energy. “A memorandum of understanding (MoU) to formalise this has been inked by ONGC Energy Centre (OEC) with the Union Territory of Ladakh and Ladakh Autonomous Hill […]

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GAIL completes 350 km gas pipeline from Bihar to West Bengal for greener, cheaper fuel

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GAIL (India) Ltd, the nation’s biggest gas utility, has completed laying a 348-kilometer pipeline from Dobhi in Bihar to Durgapur in West Bengal. The Rs 2,433-crore project is part of the Pradhan Mantri Urja Ganga project to take environment-friendly natural gas to India’s eastern parts which hereto was left untouched by the benefits of gas-based economy. […]

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India slowly gets rid of subsidy on kerosene by gradual smaller price hikes

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The government of India has eliminated subsidy on poor man’s fuel, kerosene through small fortnightly price increases. Kerosene sold through the public distribution system (PDS) is now priced at market rates. The Union Budget for 2021-22 makes no provision for payment of subsidy on kerosene in the fiscal year beginning April, according to budget documents […]

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Central bank projects India’s economic growth at 10.5% next FY

The Reserve Bank of India (RBI) projected the country’s economic growth rate at 10.5% for the next financial year starting April 1, predicting a rebound following a year of contraction in the wake of the Covid-19 pandemic. The central bank had estimated the economic growth during the current financial year at -7.5%. India was the […]

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Agri infra cess on petrol and diesel: states suffer; centre neutral, consumers wary

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While India’s finance minister, Nirmala Sitharaman said in heer budget speech that the imposition of the agriculture infrastructure and development cess on petrol and diesel will not bear any additional burden to the consumers, the public is wary and watchful.  Retail price of auto fuels have already reached record highs, as global crude prices have inched higher on […]

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