Demand for physical gold in India has been surging as local prices have dropped to their lowest levels since June last year. Gold buying is also expected to pick up in other Asian centres after the Chinese Lunar New Year holiday week. In India, dealers were charging a premium of up to $7 an ounce over […]
Sugar mills in Maharashtra have managed to clear around 82.09 per cent of the fair and remunerative price (FRP) dues amounting to Rs 11,630.25 crore for the current season till February 15 and have paid excess FRP for the same period. Sugar mills in the state, however, still owe dues of Rs 2,535.96 crore for […]
After the announcement to introduce a “National Hydrogen Energy Mission” in her budget speech, the government has started preparations for holding auctions for green hydrogen, which is hydrogen produced from renewable energy sources. Union power minister RK Singh said that the government is planning to call for green hydrogen bids in about 4 to 5 […]
During the current fiscal, 2020-21, very few non-coal mining leases were allotted. Compared with 43 blocks successfully auctioned in 2019-20, only six leases could be auctioned out so far in the current fiscal, data from the ministry of mines showed. Since the time mining allocation was made mandatory through the auction route in 2015, a […]
The Centre sanctioned 134 food processing projects across various states last year despite the COVID-19 pandemic and is committed to the growth of the sector, Union Minister Rameswar Teli said. Minister of State for Food Processing Industries Rameswar Teli participated in the fourth-edition of Emerging North East event on Friday in Guwahati. The event was […]
The new LNG policy draft has recommended liquefied natural gas (LNG) as the fuel of the future for heavy transport as well. The policy targets to convert 10 per cent of long haul heavy duty trucks to ply on LNG. The timeline to achieve the target, however, has not been specified in the draft document. […]
State-owned power giant NTPC announced that unit-2 of its Gadarwara Super Thermal Power Station with 800 megawatt (MW) capacity, in Madhya Pradesh has been included in its installed electricity generation capacity. With this, the 1,600 MW Gadarwara Super Thermal Power Station (2 x 800 MW) has become fully operational. Located at Gadarwara in Narsinghpur district of Madhya […]
Domestic natural gas production slipped 2.2% year on year (YoY) to 2,551 million standard cubic metre (mscm) in January. The 2.6 million tonne (MT) of crude oil produced in the country during the month was also 4.6% lower than the production in the year-ago period. Indigenous natural gas production caters to about 51% of the […]
The government of India is likely to file an appeal against the Cairn arbitration award contesting its sovereign rights to tax. In December 2020, an international tribunal had unanimously ruled that India violated its obligations under the UK-India Bilateral Investment Treaty in 2014, when the income tax department had slapped a Rs 10,247-crore tax assessment […]
Although a rebound in the Indian economy is encouraging, the full and proper recovery of the economy still has a long way to go. Covid-19 vaccination rollout is positive, but the pace of the drive remains slow. India has vaccinated ten million-odd people in a month, but that is not even one per cent of […]
