The Maharashtra Congress staged protests across the state on Monday against the increase in fuel prices, and demanded roll back of the hike. A senior party leader said people were already hit hard by the coronavirus-induced lockdown, hence at such a time the Centre should reduce the fuel prices. Several Congress ministers, including Balasaheb Thorat, […]
Month: June 2020
Congress leaders protest fuel price hikes by riding bicycles, horse-carts
Riding horse-carts and bicycles, Congress leaders across the country led protests against the daily increase in fuel prices with party chief Sonia Gandhi terming it as a new form of extortion. Congress leaders fanned out across cities with microphones and video cameras in hand, seeking views of citizens on fuel prices that have seen increase […]
Congress protests against fuel price hikes in Hubballi
Staging a unique protest by riding bicycles and bullock carts from Chennamma Circle to Bhagat Singh Circle via Basava Vana and Hosur Circle in Hubballi on Monday, Congress workers asked the Union Government to withdraw the hike in the prices of petrol and diesel announced continuously in recent days, and to issue a white paper […]
BP sells petrochemical arm to Ineos for $5 billion
British energy group BP, hit hard by the coronavirus pandemic slashing demand for oil, announced Monday the sale of its petrochemical business to rival Ineos for $5.0 billion (4.4 billion euros). “The agreed sale… will further strengthen BP’s balance sheet and delivers its target for agreed divestments a year earlier than originally scheduled,” a statement […]
Airbus CEO sees production down 40% over the next two years
Airbus is assuming a 40% drop in production over the next two years due to the coronavirus crisis, Chief Executive Guillaume Faury was quoted on Monday as saying. “For the next two years – 2020/21 – we assume that production and deliveries will be 40% lower than originally planned,” Faury told Die Welt newspaper. Airbus […]
Flight carrying 144 students stranded in Ukraine arrives in Madhya Pradesh
A special Air India flight carrying 144 Indian students, who were stranded in Ukraine due to coronavirus-related restrictions, landed at the Indore airport in Madhya Pradesh on Tuesday morning, an official said. The flight reached the Devi Ahilyabai Holkar International Airport here via Delhi at 5.16 am, airport director Aryama Sanyal said. She said 144 […]
Coal mining: Why commencement of auction process for ‘commercial mining’ is welcome news
We have come a long way as far as the policy framework concerning coal mining is concerned. From a concession model, we have moved on to granting coal mining blocks pursuant to a competitive bidding process, and from prescribing specific end-use to permitting commercial sale of coal. This evolution is with a view to: ensure […]
Fuel prices increase again after one-day gap
After a one-day break on Sunday, retail prices of petrol and diesel went up again on Monday. Diesel was priced at Rs 80.53 per litre in the national capital while petrol was at Rs 80.43 per litre. Diesel had touched an all-time high of Rs 75.79 a litre on June 17 while petrol in Delhi […]
Assam floods: Efforts to douse blaze at Oil India’s Baghjan gas well hampered due to flooding
PSU major Oil India Ltd (OIL) on Sunday said its efforts to douse a blaze at its damaged gas well in Assam’s Baghjan have been severely hampered with rising floodwater level at the site. Although the preparation work at the main well site was completely hit, some civil works were carried out during the day […]
Airbus to make fewer aircraft; output won’t return to normal for several years
Airbus plane output will be 40% lower for two years compared to pre-crisis plans, its chief executive said in remarks published on Monday, underscoring the threat to jobs as it draws up rapid restructuring plans due to a travel slump. Reuters reported on June 3 that Airbus was looking to hold underlying jet output at […]
Government plans levy on solar panel makers in SEZs
NEW DELHI : India’s plan to levy a customs duty on solar panels will be framed in a way that it does not severely hit domestic companies who operate from special economic zones, or SEZs, said a person familiar with the matter. Such zones are typically considered as foreign territories for import duty purposes. The […]
Virus crisis turbocharged our digital, analytical push: Vipul Tuli
The government has pushed through power sector reforms quickly through the covid-19 pandemic, but they will need to be implemented quickly for the industry to take full advantage. In an interview for Mint’s Pivot or Perish series, Vipul Tuli, managing director, Sembcorp Energy India Ltd, said the company has pushed harder on its digital investments […]