BUSINESS
LPG price up by Rs 25, fuel prices rise again
After the current hike, the price of cooking gas in Delhi was seen at Rs 719 per cylinder (14.2 kg), in Kolkata at Rs 745.50, Mumbai at Rs 719, and Rs 735 in Chennai.
BUSINESS
Adani Total Gas keen on new city gas areas announced in Budget 2021
Finance Minister Nirmala Sitharaman had said in her Budget speech on February 1 that 100 city gas distribution (CGD) areas will be awarded in the next three years.
BUSINESS
Budget 2021: Capital outlay for energy majors sees a rise
For FY22, investment in state-run oil and gas companies is pegged at Rs 104,870 crore, up from Rs 99,650 based on the revised estimates of FY21.
BUSINESS
3 new dedicated freight corridors to see Rs 2.17 lakh crore investment
The asset monetisation plan includes leasing out the tracks to private players to operate their trains
INDIA
Budget 2021: Food, fertiliser and oil subsidies rise 47% in 2021-22
The Budget 2021-22 estimate for food subsidy at Rs 2.42 lakh crore, is 1.1 times higher than last year's budget estimate
BUSINESS
Budget 2021 | Indian Railways' capex at record high; operating ratio improves
The year saw a 29 percent increase in capital expenditure compared to the Budget estimate of Rs Rs 161,042 crore.
BUSINESS
Union Budget 2021| Railway infrastructure gets a boost
As per the Budget 2021 plan lined up by Finance Minister Nirmala Sitharaman under the National Infrastructure Pipeline (NIP), the Railways sector is expected to see investment worth Rs 11.43 lakh crore till 2024-25
BUSINESS
Union Budget 2021: Farm credit target up, allocation to central agri schemes down
Finance Minister Nirmala Sitharaman has raised the farm credit target for the financial year 2021-22 to Rs 16.5 lakh crore, in an effort to raise the farmer income.
BUSINESS
Explained | What is counter-cyclical fiscal policy that Economic Survey 2021 refers to
Hint: It is connected to public spending.
ECONOMY
Economic Survey calls for counter-cyclical fiscal policy, a strategy Indian kings followed
Indian Kings used to build palaces during famines and droughts to provide employment and improve the economic fortunes of the private sector, the Economic Survey 2020-21 noted while stressing that the call for active countercyclical fiscal policy is not a call for fiscal irresponsibility
ECONOMY
Economic Survey bats for increase in public spending on healthcare to reduce out-of-pocket expenditure
India has one of the highest levels of out-of-pocket expenditure (OOPE) in the world, contributing directly to the high incidence of catastrophic expenditures and poverty.
ECONOMY
With infrastructure push, Railways to see highest-ever capex in 2021-22
Indian Railways' capex was pegged at Rs 161,042 crore in 2020-21 and this is likely to grow in double-digits in 2021-22
BUSINESS
Fuel prices rise again, petrol scales new record in Delhi
In the month of January, petrol prices were hiked Rs 2.59 a litre and diesel by Rs 2.61 a litre in Delhi. On the other hand, in Mumbai, petrol prices jumped Rs 2.52 a litre and diesel by Rs 2.79 a litre
BUSINESS
Budget 2021: Fuel subsidy to be half its target this fiscal
Out of the expected Rs 21,000 crore for the current financial year, Rs 16,960 crore are arrears for the financial year 2019-20.
BUSINESS
Cabinet likely to take a call on Concor land issue soon
After the Cabinet nod, an expression of interest (EoI) for the privatisation of the company will be floated within 10 days.
BUSINESS
Medha group gets Rs 2,211 crore tender for making 44 Vande Bharat trains
Medha Servo Drives will manufacture and supply 44 train sets. The procurement includes five years of comprehensive annual maintenance contract with the supplier.
BUSINESS
Elon Musk will give away $100 million for this, but what is Carbon Capture and why is it relevant?
Injecting carbon dioxide for EoR is a widely-used technology by oil and gas companies globally.
INDIA
As fuel prices rise, Centre mulls excise duty cut
Is it just rising global crude oil price that is causing a spike in petrol and diesel prices here? Read on to know what exactly is the reason for your higher fuel bills
BUSINESS
Fuel prices touch record high in Delhi, Mumbai
The hike in prices is mainly owing to a higher share of excise duty.
BUSINESS
India's crude oil production falls nearly 4% in December
Natural gas production also dropped 7.11 percent year-on-year in December 2020.
BUSINESS
Joe Biden administration likely to strengthen India-US renewable alliance
The Narendra Modi government is expected to push the US to back the India-led International Solar Alliance.
BUSINESS
Union cabinet clears 850 MW Ratle power project in J&K
The Ratle hydroelectric project will result in direct and indirect employment to around 4,000 persons. Further, Jammu and kashmir will benefit by getting free power worth Rs 5,289 crore and through a levy of water usage charges worth Rs 9,581crore from the project, during its lifecycle of 40 years.
BUSINESS
Southern states to lead India's renewable energy push, says report
The four southern states (Karnataka, Kerala, Tamil Nadu, and united Andhra Pradesh) have 1,526 GW of solar energy potential and 1,124 GW of wind energy potential, making them the major contributors to India’s renewable energy ambitions.
BUSINESS
Interview | IRFC will consider financing purchase of rolling stock by private players: Chairman
Railways is in the process of opening up to the private sector and that will involve around Rs 30,000 crore of rolling stock investment. We can think of financing these private parties, Amitabh Banerjee told Moneycontrol.
