Congress slams govt over ‘unjust, insensitive’ fuel price hike

The Congress on Monday slammed the central government over the continuous increase in prices of petrol and diesel, with party chief Sonia Gandhi saying the government was indulging in extortion. She demanded immediate rollback of the hike in fuel prices and excise duty to take them back to pre-lockdown levels. The Congress held protests across […]

Maharashtra: Regulator warns power utilities against disconnecting supply

With an increasing number of complaints from consumers over receiving inflated power bills during the lockdown period of March to May, the Maharashtra Electricity Regulatory Commission (MERC) has warned power companies against disconnecting electricity supply of any resident or commercial premises due to non-payment of bills. It also urged the power utilities to allow consumers […]

Deal inked for first India-Bhutan joint venture hydroelectric project

A concession agreement for the first India-Bhutan joint venture hydroelectric project was signed on Monday, paving the way for commencement of its construction and other related works. The concession agreement for the 600 MW Kholongchhu project between the Bhutanese government and Kholongchhu Hydro Energy Limited was signed in the virtual presence of External Affairs Minister […]

Economy re-opening, firms charter aircraft to fly back workers

Several of the 700-plus domestic flights that operated over the last month were chartered by companies in labour-dependent sectors such as manufacturing, industrial goods, real estate, and hospitality to fly back employees who had left their places of work during the lockdown. Companies such as state-owned ONGC Ltd and infrastructure major Larsen & Toubro operated […]

Oil prices fall as weak Japan data exposes market jitters over fragile demand

MELBOURNE: Oil prices fell in early trade on Tuesday after weak Japanese industrial production data, not usually a market-moving factor, was enough to jangle trader nerves over a bumpy recovery in fuel demand as coronavirus pandemic restrictions ease. U.S. West Texas Intermediate (WTI) crude CLc1 futures briefly traded higher then fell 38 cents, or 1%, […]

Himachal Governor asks Centre to bolster infrastructure at Kinnaur, Lahaul-Spiti

Himachal Pradesh Governor Bandaru Dattatraya has asked the Centre to strengthen infrastructure in Kinnaur and Lahaul-Spiti — two remote districts of the state which share a 260 km border with the Tibet Autonomous Region of China. In a letter to Defence Minister Rajnath Singh, Dattatraya has suggested the enhancement of communication and road transport in […]

UPDATE 1-Oil prices slip on demand worries, prospect of Libyan supply return

Oil prices fell on Tuesday as optimism for a straightforward recovery in fuel demand faded and a looming increase in supply weighed on the market, with Libya’s state oil company flagging progress on talks to resume exports. US West Texas Intermediate (WTI) crude futures fell as much as 44 cents, but recovered slightly after stronger-than-expected […]