BP Plc’s greenhouse gas emissions from oil and gas it produces and sells at station pumps dropped by 9% in 2020 from a year earlier, partly as a result of a sharp drop in energy demand due to the coronavirus pandemic, the company said on Monday. BP, which aims to produce net zero emissions from […]
Day: March 23, 2021
Delhi court sends Vikas Mishra to judicial custody for 14 days in illegal coal-mining case
A Delhi court Monday sent Vikas Mishra, brother of TMC youth leader Vinay Mishra, to judicial custody for 14 days in connection with a coal mining scam. Special Central Bureau of Investigation (CBI) Judge Anurag Sain on Monday sent Vikas Mishra for 14 days after Enforcement Directorate (ED) didn’t seek further remand of him. Meanwhile, […]
Power Grid to acquire Jaiprakash Power’s 74 per cent stake in transmission JV
Transmission utility Power Grid Corporation of India Ltd (Powergrid) is set to acquire 74 per cent stake in Jaypee Powergrid Ltd-JV (JPL) for an undisclosed amount. The company on Monday signed a share purchase agreement with Jaiprakash Power Ventures Ltd (JPVL) that will allow it to take full control of the joint venture. Post acquisition, […]
Rajasthan to develop green energy corridor, generate 6,311 Mw power by 2023
The state plans to generate 6,311 MW of green energy by 2023 and Rajasthan Vidyut Prasaran Nigam Ltd will develop the necessary infrastructure for intra-state green energy corridor by setting up 765 KV grid sub-station at Jodhpur, 400 KV grid sub-station at Pokhran, Lohawat, 200 MW station at Sawa, Panchu. The 120 KV grid sub-station […]
New Zealand’s Jacinda Ardern puts quarantine-free travel with Australia on hold
New Zealand’s Prime Minister Jacinda Ardern will announce within two weeks a date for quarantine-free travel with Australia, she said on Monday, despite mounting pressure from business to open borders with neighbouring countries. The government hopes to announce a start date on April 6, Ardern told a news conference, adding that while opening borders with […]
Oil steady with demand in focus after worst week since October
Oil was steady as investors assessed the near-term demand outlook after prices fell the most since October last week. Brent futures rose 0.2% on Monday after falling 6.8% last week. Demand is showing some signs of weakness with the number of unsold April-loading oil cargoes from West Africa piling up. In Europe, new virus restrictions […]
Central government’s tax collection on petrol, diesel jumps 300% in 6 years
Central government’s tax collections on petrol and diesel have jumped over 300 per cent in the last six years as excise duty on the two fuels was hiked, the Lok Sabha was informed on Monday. The central government collected ₹29,279 crore from excise duty on petrol and ₹42,881 crore on diesel in 2014-15 — the […]
Udan Pradesh! Aviation sector takes flight in UP; Kushinagar, Ayodhya, Jewar airports add to state’s major infra upgrade
The aviation sector is all set to take flight in Uttar Pradesh, with three new international airports expected to be made operational in the next three years. While the Jewar international airport, which is coming up in the NCR region and is expected to be ready by 2023, will reduce congestion at the Delhi airport, […]
Wholesale power markets may be the linchpin of India-US cooperation on climate change and renewable energy integration
In February 2021, Prime Minister Modi’s first communique with American President Joe Biden has unsurprisingly catapulted climate change cooperation to the forefront of India-U.S. relations. The United States is looking to lead from the front on the issue, and hoping to regain credibility through partnerships with emerging economies like India to achieve the ambitious goals […]
NHAI suffers ₹814 cr toll loss in 3 states due to farmers’ protest
National Highways Authority of India suffered a toll revenue loss of ₹814.4 crore till March 16 on account of farmers’ protest in three states, Parliament was informed on Monday. Considering the heavy loss, state administrations have been requested to restore the user fee collection, Road, Transport, Highways and MSMEs Minister Nitin Gadkari said in a […]
Karnataka aviation boost! Airports planned at Byndoor, Karwar under UDAN scheme
Soon, more airports are likely to come up under Modi government’s UDAN scheme! The state government of Karnataka has proposed to open airports at Byndoor and Karwar under the regional air connectivity scheme of the Union government- UDAN (Ude Desh ka Aam Nagrik) scheme, according to a PTI report. On Sunday, while speaking after the […]
HC stays order restraining FRL to go ahead with Reliance deal, asks Amazon to respond
The Delhi High Court Monday stayed a single judge’s order restraining Future Retail Ltd (FRL) from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business, which was objected to by US-based e-commerce giant Amazon. A division bench of Chief Justice D N Patel and Justice Jasmeet Singh also issued […]