The comments have come against the backdrop of the US imposing punitive duties of 25 per cent on India, in addition to 25 per cent tariffs, for purchasing crude oil and arms from Russia.
Minister of Petroleum and Natural Gas Hardeep Singh Puri said India has diversified its oil sources to shield itself from geopolitical uncertainties such as the secondary sanctions’ threat by US President Donald Trump on Russian oil.
The initiatives are designed to encourage greater activity in the exploration and production (E&P) sector by improving the ease of doing business
Need for renewables, domestic finds, diversified imports and reserves are some of the steps that India needs to take to secure its energy needs, Sanyal tells Moneycontrol
The minister was confident of oil and gas finds though he added it would be premature to speculate on the size of the reserve, adding that the exploration in the Andamans are pointing at 'good news' of turning into India's 'Guyana moment'.
The higher offtake of Russian oil by India also comes at a time when the US President Trump has threatened to levy secondary sanctions on Russian oil buyers, if Moscow fails to end war in Ukraine.
The global energy market is witnessing a major shift, with Russia diverting oil towards the Asian market, and the US deciding to pump more oil and gas.
Addressing a gathering at the inauguration of the National Workshop on ‘Recent Development with recycling and use of construction and demolition waste in the construction sector here, he said solid waste processing in India has witnessed a significant rise from mere a 17 per cent in 2014 to more than 77 per cent in 2024.
A stunning Vintage Car Rally unfolded in in New Delhi, featuring a dazzling collection of classic automobiles spanning different eras.
India had planned to use 1 percent SAF for its domestic commercial flights by 2025, which would require around 140 million liters of SAF per year to achieve, Union Minister Hardeep Singh Puri said.
The International Energy Agency said that it expects India to be the largest source of global oil demand growth by 2030 and projects crude oil imports further to rise to 5.8 million barrels per day (mb/d) by 2030 from current 4.6 mb/d
This is the first incentive scheme specifically for the production of green ammonia under the National Green Hydrogen Mission. Moneycontrol was the first to report the incentive scheme plan in May last year.
While launching the first two fuel cell buses in Delhi, Puri said 15 green hydrogen buses would be operational by the end of 2023.
Bhalla said the National Green Hydrogen Mission (NGHM) has a provision for imposing a consumption mandate, but added that no such mandate has been decided as of now.
Ajay Kumar Sood, Principal Scientific Advisor to the Government of India, said India will now have to act fast in implementing the National Green Hydrogen Mission before other countries grab the market.
Uber India & South Asia President Prabhjeet Singh delivered the report, titled "Future of Cities & Shared Mobility in India", to the Union Minister of Housing and Urban Affairs, Hardeep Puri on May 18 in New Delhi.
Minister of Housing and Urban Affairs Hardeep Singh Puri says lending programmes should be made more ambitious, but with safeguards. Every minute, 25-30 people migrate to India’s towns and cities, and we need to ensure well-provisioned homes, he said.
The government aims to increase the green cover three-fold, Hardeep Singh Puri, Minister of Housing & Urban Affairs and Petroleum & Natural Gas said.
This comes days after the Delhi HC asked the Centre to decide on the issue of granting sanction for attaching moveable and immovable assets of Delhi Metro Rail Corporation (DMRC) for paying the unpaid amount of arbitral award to Reliance Infrastructure-promoted Delhi Airport Metro Express Private Limited (DAMEPL).
The solar cooktops were launched at India Energy Week (IEW) 2023 in Bengaluru, India’s first major event under G20 presidency, which was focused on the country’s transition to a cleaner economy.
"E20 petrol (petrol blended with 20 per cent ethanol) in some quantity will be available from April 2023 and the rest to be covered by 2025," Oil Minister Hardeep Puri said.
Designed and built to move passengers at 180 kmph, these trains are expected to reduce the travel time between Delhi and Meerut by 40 percent.
According to a price notification from fuel retailers, petrol in Delhi costs Rs 105.41 per litre and diesel Rs 96.67 per litre.
The decision to send Hardeep Puri, Jyotiraditya Scindia, Kiren Rijiju and V K Singh as “special envoys” of India to coordinate the evacuation process was taken at a meeting chaired by Prime Minister Narendra Modi
Stressing upon the need of a new Parliament building, the Union housing and urban affairs minister said that the current one is "unsafe" as when it was constructed, it was in Seismic Zone II but now that area lies in Seismic Zone IV.