An oil ministry dossier has pitched an idea for a gas-driven economy that can reduce diesel consumption and cut the carbon footprint. The quantity of diesel saved is equivalent to roughly four days’ consumption in Delhi, the country’s largest automobile market. If all the identified towers are converted, it will save four days’ emission in Delhi.
The policy is part of the Centre’s strategy to ensure a smooth passage in states for the Narendra Modi government’s plan to help 400 districts, covering 70% of the population, breathe easy by providing clean-burning CNG (compressed natural gas) and PNG (piped natural gas) services at an estimated investment of Rs 90,000 crore.
A $10 increase in global crude oil prices shaves off India's GDP by up to 30 bps.
Power PSUs to acquire over 2 lakh hectares for solar parks, plan to reduce tariffs by 20 paise per unit
Under the new model, PSUs under the power and renewable energy ministries will acquire the land through fully-owned SPVs (special purpose vehicles). The land may be purchased outright or leased from state governments and private land owners.
Shah said the government has made a provision to ensure that budget allocations for Ladakh will not lapse in case they are not utilized fully within the fiscal.
Several market players said the safeguard duty against cheap imports, largely made in China or Chinese companies in south-east asia that are hugely subsidised by Beijing, combined with several other measures enthused the bidders.
RIL-BP is holding the sale under the policy provision of giving producers marketing and pricing freedom for gas from geographically difficult fields.
The coming set of reforms is potentially the biggest since the enactment of the Electricity Act of 2003
TOI talks to Oil minister Dharmendra Pradhan about India's plans for oil and energy.
Several sector-specific MoUs between the Indian states and various far eastern regions are also on anvil.
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