State-owned Oil and Natural Gas Corporation (ONGC) is offering a stake to foreign companies in its ultra-deep sea gas discovery and a high-pressure, high-temperature block in the Krishna Godavari (KG) basin as it looks for financial and technological help to bring the challenging fields to production. ONGC has floated an initial tender seeking interest of global majors […]
Surging commodity prices and the introduction of a new duty on imported solar modules are expected to push up solar tariffs by more than one-fifth over the next year, said a new report by JMK Research and the Institute for Energy Economics and Financial Analysis (IEEFA). “The price and performance of modules are critical factors […]
The Reserve Bank of India (RBI) has come up with norms for facilitating physical import of gold through India International Bullion Exchange IFSC (IIBX) or similar authorised exchange by Qualified Jewellers in India. In addition to agencies nominated by the RBI and by DGFT, Qualified Jewellers (QJ) as approved by International Financial Services Centers Authority (IFSCA) were […]
India will make a pitch for finding a permanent solution to the issue of public stockholding for food security in the WTO meet in Geneva starting June 12. Issues including agri subsidies and World Food Programme will be on the agenda of the 12th ministerial conference, the highest decision-making body of the 164-member World Trade […]
Over 3 gigawatts (GW) of solar energy capacity were installed in India in January-March 2022, said research firm Mercom India in a report. The installation was 50 per cent higher than the 2 GW added in the same period of 2021. During Q4 2022, 2.7 GW of large-scale solar was installed, registering a quarter-over-quarter (q-o-q) […]
India has no immediate plans to lift a ban on wheat exports, but will continue with deals which are done directly with other governments, Commerce Minister Piyush Goyal told Reuters. The world’s second biggest producer of wheat banned private overseas sales of the grain on May 14 after a scorching heat wave curtailed output and […]
The government scrapped customs duty and agriculture infrastructure development cess on the import of crude soyabean oil and crude sunflower oil for 20 lakh metric tonnes (MT) each per year to ease local prices. The duty-free import of 20 lakh MT per year will be applicable for two fiscals, 2022-23 and 2023-24, for crude soyabean […]
The dairy farmers of Tirupur are affected after the increased price of cotton seeds led to an increase in the price of cattle feed. Cotton seeds are a vital part of the cattle feed and are rich in protein and fibre. Farmers told IANS that the price of cotton seeds has gone up from Rs […]
The government’s procurement of chana (gram), which has a share of more than 50% in the country’s pulses output, has crossed 1.86 million tonnes (MT) so far in the current rabi season (2022-23) compared to just 0.5 MT a year ago. Sources told Financial Express that procurement of chana, which is being carried out by […]
At the World Economic Forum meet in Davos, ReNew Power has signed MOU to invest Rs 50,000 crore in Karnataka over 7 years and another Rs 50 crore for renewable energy in Maharashtra A leading renewable energy company, ReNew Power has inked a Memorandum of Understanding (MoU) with the Karnataka government at the World Economic […]
