Coal India wins tax-cut boost as environmentalists fret

State-run Coal India Ltd , saddled with millions of tonnes of unsold coal, is expected to be the biggest beneficiary of a controversial government decision to more than halve the sales tax on the fuel after a jump in local supplies. The world’s third-largest greenhouse gas emitting country said last Friday it would lower the […]

India reaffirms commitment to renewable energy

India on Thursday reaffirmed its commitment to renewable energy with the promise to expand into all forms of energy that can reduce carbon footprint. “India is fully committed to renewable energy for our future development, as are the Pacific island countries,” Minister of State for External Affairs V.K. Singh said in his keynote address at […]

OPEC meets to extend oil output cut, fight global glut

OPEC and non-member oil producers began talks in Vienna on Thursday to extend output cuts, most likely by nine months, in an effort to clear a global stocks overhang and prop up crude prices. The Organization of the Petroleum Exporting Countries is discussing whether to prolong an accord reached in December in which it and […]