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Cap Oil Price at 70L 30

Cap Oil Price at 70/L

The price of crude oil is moving northwards, while the Indian currency is moving southwards. The same is the situation worldwide with the exception of a few developed or oil producing nations. The net effect is, high oil price to the retail consumers.

Saubhagya 44


After ensuring that the earlier target for providing electricity in every village in 1,000 days (announced on Aug 15, 2015) had been nearly achieved, the Prime Minister Narendra Modi on Oct 25, 2017 had set another task – provide electricity connection to every household of the country by Mar 2019. Later this deadline was preponed



Coal India (CIL) managed a 10.6 pc production growth during Apr-Sep and an 8.1 pc jump in total supplies against the previous corresponding period. Coal supplies to power sector was up 10 pc during the period.

Energy Projects 22

Energy Projects

The government plans to make projects such as power plants, mines and oil and gas exploration ventures and expansion initiatives subject to checks by independent auditors to ensure they are complying with environmental conditions. The government-approved auditors will conduct randomised, third-party compliance monitoring of environment clearance conditions, according to a draft notification of environment ministry.

Power Plant at Talcher 23

Power Plant at Talcher

The centre is keen on replacing an outdated old coal based thermal power plant at Talcher in Odisha but the state Chief Minister Naveen Patnaik is creating roadblocks in giving clearances for the last 15 months. In a letter dated Sep 14, 2018 by RK Singh, minister of state for power to Odisha Chief Minister

Ethanol Bid Rigging 29

Ethanol Bid Rigging

On Sep 18, 2018, the Competition Commission of India (CCI) imposed a Rs 38 crore penalty on 18 sugar mills and two trade associations, ISMA and EMAI, for rigging bids in joint tenders floated by public sector oil marketing companies (OMCs) for procuring methanol for 5 per cent blending with petrol. On Jan 2, 2013

Solar Power Safeguard Duty 41

Solar Power Safeguard Duty

On Sep 10, 2018, the Supreme Court allowed the government to implement safeguard duty on imported solar panels and modules, setting aside an order of the Orissa High Court that stayed the imposition of the levy. But, the Orissa High Court will continue to hear a petition and finally if it allows the petition, the

Ageing Oil & Gas Fields 46

Ageing Oil & Gas Fields

On Oct 10, 2018, the government notified fiscal incentives to attract investments and technology in raising oil and gas production from ageing fields, which will unlock an estimated Rs 50 lakh crore of hydrocarbons in the next 20 years, oil minister Dharmendra Pradhan said.



When the Prime Minister Narendra Modi on Apr 27, 2017 launched the UDAN (Ude Desh Ka Aam Nagrik) scheme in Shimla by flagging off an Air India Delhi-bound flight, he said “My dream was to see a person who wears a ‘hawai chappal’ to fly on the ‘hawai jahaz’ or plane.”