Over 80,000 petrol pumps, spread across the length and breadth of the country, belonging to both public and private sectors, are operating at near normal level now, a senior government official said. On an average, nearly 60 million people visit petrol pumps every day. Since prices are on the freeze since April 6, private operators […]
The government is keeping a close watch on exports of wheat flour which has witnessed a surge since the ban on wheat shipments was announced on May 13, Sudhanshu Pandey, secretary, ministry of food and public distribution said. “Exports of wheat flour are on the high side, if you compare with previous months,” Pandey said. […]
Sugar mills have urged the government to allow exports of 8 million tonnes (MT) of sugar under the open general licence (OGL) in the next season which commences from 1st October. This, according to the Indian Sugar Mills Association (ISMA), will help the sugar mills enter into future exports contracts well in advance prior to […]
British Prime Minister Boris Johnson reiterated the Diwali timeline for a draft India-UK free trade agreement (FTA), declaring that the proposed trade deal with New Delhi would be the biggest yet in the post-Brexit context. It was during his visit to India in April this year that Johnson and Prime Minister Narendra Modi had announced […]
The Food Corporation of India (FCI) has floated a tender to build 2.47 million tonne (MT) capacity silos across 66 locations by the private sector under the design, build, finance, own and operate model. It is estimated building these silos over the next two years will cost around Rs 2,500 crore. Silos with 1.8 MT […]
India will need $223 billion of investment to meet its goal of wind and solar capacity installations by 2030, according to a new report by research company BloombergNEF (BNEF). The government has set a target of increasing non-fossil power capacity to 500 gigawatts (GW) by 2030. It wants non-fossil fuel power sources to provide half […]
India’s mineral production rose by 7.8 per cent in April 2022 over the same month a year ago. The index of mineral production of mining and quarrying sector for the month stood at 116, which was 7.8 per cent higher as compared to the level in April last year, the mines ministry said in a […]
Large developers in the renewable energy sector have enough options to boost returns even as challenges mount and will fight aggressively in the various auctions scheduled in 2022 in India, said a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). This report comes even as the industry is going through one […]
ONGC Videsh Limited (OVL), the wholly owned subsidiary and overseas arm of India’s national oil company Oil and Natural Gas Corporation Ltd., has made an oil discovery in the recently drilled well Urraca-IX in CPO-5 block, Llanos Basin, Colombia, a government statement said. It said the Urraca-1X was spudded on April 20 and drilled to […]
Global energy investment is set to increase by 8% in 2022 to reach USD 2.4 trillion, with the anticipated rise coming mainly in clean energy, according to a new report by the International Energy Agency. Although encouraging, the growth investment is still far from enough to tackle the multiple dimensions of today’s energy crisis and […]
