Wholesale prices of onion at the Lasalgaon Agriculture Produce Market Committee (APMC ), the country’s largest wholesale market – have gone up between 15 per cent and 20 per cent in the last 10 days on account of lower market arrivals. Modal prices of onions at Lasalgaon touched Rs 3,600 per quintal with minimum prices […]
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 […]
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. […]
As we enter 2021, many mined commodity prices are riding high after recovering from a dramatic pandemic-induced slump in the first half of 2020. The new year, however, raises new questions. How will Chinese policy affect supply and demand in 2021? Will the growing rhetoric around decarbonisation be followed up with concerted global action? And […]
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 […]
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 […]
India’s power consumption increased to a three-month high of nearly 6 per cent at 111.43 billion units (BU) in January 2021, showing spurt in economic activities, according to official data. Power consumption in January 2020 was 105.15 BU. Besides, peak power demand also recorded double-digit growth of nearly 11 per cent to 189.64 GW in […]
The Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ group wrapped up their monthly meeting on Wednesday in record time. As widely expected, they did not make any recommendation about changing the oil production levels of the alliance. The JMMC meeting this month was more of a formality rather than disagreements and bargaining like the […]
Against the industry’s demand to cut customs duty on gold to 4 per cent, Finance Minister reduced the duty from 12.5% to 7.5% on imported gold. But added a 2.5% Agri Infra cess to the imports. In effective terms, however, the duty has been reduced by a little under 2 per cent. Let’s assume the […]
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 […]
