Delayed rains and a heat wave over northern India have raised worries about whether rice production and exports from the World’s No. 1 supplier will dry up this year. But the bigger worry is not poor weather conditions, but rather a war-like situation near Iran. Monsoon rains have arrived over southern India, albeit with a […]
Foreign Direct Investment (FDI) to India grew by 6 per cent to $42 billion in 2018, with strong inflows in the manufacturing, communication and financial services sectors, and cross-border merger and acquisition activities, according to a UN report that ranked India among the top 20 host economies for FDI inflows in 2017-18. The World Investment […]
India’s imports of liquefied natural gas (LNG) for the month of April 2019 was 2502 million metric standard cubic metres (MMSCM), an increase of 9.7 per cent over the corresponding month of the previous year, according to latest data from the Petroleum Planning & Analysis Cell and Ministry of Petroleum and Natural Gas. The increase […]
India’s factory production expanded in April 2019 by 3.4 per cent from a revised growth of 0.35 per cent reported for March, 2019, official data showed. However, on a year-on-year basis, April’s industrial production growth of 3.4 per cent was lower than 4.5 per cent that was achieved during the corresponding month of the previous […]
As the international natural gas trade continues to develop, Asian economies will drive global demand growth over the next five years, according to a new report from the International Energy Agency (IEA). Global natural gas demand is coming off a record year after growing 4.6% in 2018, the fastest annual pace of growth since 2010, […]
Export-Import Bank of India (Exim Bank) has forecast that India’s merchandise exports will increase from 81.9 billion dollars to 84 billion dollars with an expected growth rate of 2.5% during the first quarter (April to June) of 2019-20 over the corresponding quarter of the previous year. Of this, non-oil exports are likely to increase from […]
India’s natural rubber production is expected to rise by 10 per cent to 750,000 tonnes in 2019-20 as against 648,000 tonnes in the previous fiscal, according to latest estimates from the Rubber Board. The tappable area, according to Rubber Board, has gone up from 640,000 hectares in 2018-19 to 665,000 ha in 2019-20, because of […]
The Union Minister of State (IC) for Power and New & Renewable Energy, Shri RK Singh, has urged the lenders including banks and financial institutions to invest liberally in renewable energy projects. The minister held a meeting to review various issues pertaining to the Renewable Energy (RE) sector. The meeting was attended by various stakeholders […]
India and the United States have discussed ways to enhance energy security and also work together to further develop gas-based economy in India, an Indian government statement said. It said India’s Petroleum & Natural Gas and Steel Minister Dharmendra Pradhan had a telephonic conversation with the U.S. counterpart Rick Perry during which the two also […]
Global demand for natural gas is set to keep growing over the next five years, driven by strong consumption in fast-growing Asian economies and supported by the continued development of the international gas trade, the International Energy Agency (IEA) said. Demand for natural gas grew 4.6% in 2018, its fastest annual pace since 2010, according […]
