India sees no respite from skyrocketing petrol and diesel prices. Petrol price in Mumbai breached Rs 90 per litre mark yesterday. It is close to Rs 83 in Delhi. Yet the Narendra Modi government has not given any indication of a tax cut. Though Karnataka, Andhra Pradesh, Rajasthan and West Bengal have slashed taxes on […]
Month: September 2018
Will bring to justice those who stole from you, Rahul tells jawans, IAF officers and HAL workers
Congress chief Rahul Gandhi Tuesday said he understands the pain of jawans, Air Force officers, the families of martyred pilots as well as Hindustan Aeronautics Limited workers and will work to bring to justice all those who dishonoured and stole from them. Gandhi addressed them all on Twitter in his apparent attack against the Narendra […]
CIL aims to supply 17.5 mt coal a year to captive power producers
State-run monopoly miner Coal India (CIL) plans to supply 17.5 million tonnes of coal annually to captive power producers for five years through an auction that started last week and is slated to conclude on October 10. The average base price for the fuel on offer is around ₹1,343 per tonne while premiums offered by […]
NHPC moves Supreme Court against Delhi High Court order on arbitral award
The National Hydroelectric Power Corporation (NHPC) has moved the Supreme Court against the order of a larger bench of the Delhi High Court refusing to interfere with an earlier decision asking it to pay 75 per cent of an arbitral award granted in favour of a construction company. NHPC has challenged the September 13 order […]
Oil could rise to $100 by 2019 as global markets tighten, merchants warn
Oil prices could rise towards $100 per barrel towards the end of the year or by early 2019 as sanctions against Iran bite, commodity merchants Trafigura and Mercuria said on Monday at the Asia Pacific Petroleum Conference (APPEC) in Singapore. Almost 2 million barrels per day (bpd) of crude could be taken out of the […]
PM Modi inaugurates Pakyong Airport in Sikkim; first flight from October 4
Prime Minister Narendra Modi on Monday inaugurated the Pakyong Airport in Sikkim, the first ever aerodrome of the state. Chief Minister Pawan Chamling and Union Aviation Minister Suresh Prabhu were also present on the occasion, as the Prime Minister unveiled the plaque, formally inaugurating the 990-acre aero facility. The first commercial flight from Pakyong is […]
Refiners may reduce oil imports as crude prices soar, Re struggles
India, the world’s third-biggest oil importer, is considering reducing oil purchases to mitigate the pain of high crude prices and the declining rupee, said two sources at different Indian refineries with direct knowledge of the matter. The decision to cut imports illustrates that rising crude prices and emerging market currency weakness may start causing oil […]
Saudi says door open to future oil output hike
Supply to the global oil market remains “satisfactory”, Saudi Arabia’s energy minister Khalid al-Falih said Sunday, after calls by US President Donald Trump for an immediate hike in output to reduce prices. But Falih — attending a meeting of oil producers in Algiers — left the way open to a future production hike, as supplies […]
Editorial- October 2018
The Supreme Court judgment of April 11, 2017 had ruled against force majeure claims of gencos on the change in law in Indonesia on imported coal. But, it allowed compensations in case of change in the Indian laws. That means the demand of tariff hike on imported coal was dismissed. The gencos involved are: Adani, […]
Dassault Aviation says it decided to partner with Reliance Defence
French aerospace major Dassault Aviation has said it had made the decision to partner with Reliance Defence Ltd for the Rafale deal, comments which came after former French President Francois Hollande’s reported claim that the selection of the Indian company was done at the behest of New Delhi. “This offsets contract is delivered in compliance […]
Power Stress Resolution – Two divergent approaches
During the four months from Mar to Jun 2018, Gujarat Urja Vikas Nigam Ltd (GUVNL) had to purchase 6,749 MUs from high cost sources like power exchange, bilateral and spot LNG to fulfil their demand. The average cost for this procurement was Rs 4.30 per unit, about Rs 2 more than the tariff agreed by […]
Blood Clotting Concentrates
The ministry of health & family welfare (MoH&FW) has proposed guidelines for the “procurement of clotting factor concentrates in India”. Once implemented, these guidelines will be applicable for all state governments and the central government agencies procuring blood clotting factor concentrates.