Shine Jacob

All stories by Shine Jacob

How fuel prices have risen under Modi regime

How fuel prices have risen under Modi regime

Rediff.com16 hours ago

Despite a massive decline in crude oil prices since 2012 -- Modi has been prime minister in six of these eight years -- petrol in Delhi has become 10 per cent costlier and diesel 97 per cent, as of July 2.

Free LPG reaches only 50% beneficiaries, shows govt data

Free LPG reaches only 50% beneficiaries, shows govt data

Rediff.com3 days ago

Given that the target was to reach 80.34 million families under PMUY - within three months starting April 1 - the government should have distributed at least 241.02 million cylinders by the end of June. It actually ended up distributing only 119.7 million cylinders.

IOC beats lockdown blues, resumes works on projects

IOC beats lockdown blues, resumes works on projects

Rediff.com4 days ago

These mega projects, worth about Rs 1 trillion, would boost the economy, ensure smooth supply of petroleum products across the nation and also provide the much-needed relief to people looking to get back to work after the lockdown.

IOC launches winter-grade diesel for troops in Ladakh

IOC launches winter-grade diesel for troops in Ladakh

Rediff.com4 Jul 2020

Looking into the current situation on the China boarder, IOC has stocked up enough winter-grade fuel for the region. With army movements increasing, the demand for this fuel is expected to increase multifold from the 350 metric tonnes last winter.

Pinarayi Vijayan: The CM as crisis manager

Pinarayi Vijayan: The CM as crisis manager

Rediff.com24 Jun 2020

The Kerala chief minister's four years in office may well be remembered for the way he handled Cyclone Ockhi, two floods, Nipah, and now COVID-19, reports Shine Jacob.

ONGC halts operations at two rigs as 54 employees test COVID positive

ONGC halts operations at two rigs as 54 employees test COVID positive

Rediff.com23 Jun 2020

A company official said work stopped temporarily only at two rigs and the remaining 34 in the offshore were operational. He added there was no impact on the company's production.

Experts from US to join efforts to control Assam oil well fire

Experts from US to join efforts to control Assam oil well fire

Rediff.com14 Jun 2020

Singapore-based Alert Disaster Control, one of the largest disaster management companies in the oil and gas sector, has already joined the team of experts from ONGC and OIL, reports Shine Jacob.

The flip side of oil companies' digital drive

The flip side of oil companies' digital drive

Rediff.com4 Jun 2020

OMCs' Digital India move is likely to have an impact on more than 80.3 million Pradhan Mantri Ujjwala Yojana consumers, majority of whom are not exposed to digital transact.

Free LPG: Another 'failed' govt scheme?

Free LPG: Another 'failed' govt scheme?

Rediff.com1 Jun 2020

The scheme for three free refills is currently valid from April to June 30, 2020, with a condition that one refill can be taken in a month. The average annual consumption by PMUY customers is approximately one cylinder in four months. That means most of them would consume only one cylinder during the validity period of the scheme. government should consider extending the validity period of the scheme up to March 2021 to make maximum use of the relief package.

Railways likely to freeze hiring, cut allowances

Railways likely to freeze hiring, cut allowances

Rediff.com26 May 2020

Railway traffic has dropped 32 per cent to 99.86 mt between April 1 and May 14, compared to the same time last year, while its revenue, too, dipped 41 per cent to Rs 9,094.38 crore.

Low demand pulls down India's April oil refinery output by 29%

Low demand pulls down India's April oil refinery output by 29%

Rediff.com24 May 2020

According to industry experts, the consumption of petroleum products in the month of April was only 30-40 per cent of what it had been prior to the lockdown. Due to this, refineries were forced to bring down their capacity too.

Mix of relief and fear as rail services start

Mix of relief and fear as rail services start

Rediff.com13 May 2020

For many the resumption of trains is a big boon, but some say it doesn't come without confusion and worries

India's first Covid-19 patient speaks up!

India's first Covid-19 patient speaks up!

Rediff.com28 Apr 2020

The survivor from Thrissur, who returned from Wuhan -- the epicentre of the pandemic -- recounts her road to recovery and her future plans. Shine Jacob reports

ONGC seeks new petroleum exploration licence

ONGC seeks new petroleum exploration licence

Rediff.com4 Mar 2020

RIL and Shell ceased production from the fields in 2016, and ONGC has already been using Tapti infrastructure for its other fields for better optimisation.

Spike in oil prices a temporary phase

Spike in oil prices a temporary phase

Rediff.com12 Jan 2020

Oil prices jumped nearly $3 a barrel and gold and safe-haven bonds rallied on Friday after the killing of top Iranian commander Qassem Soleimani in an airstrike by the US in Baghdad.

Will the West Coast refinery take off?

Will the West Coast refinery take off?

Rediff.com9 Jan 2020

BPCL's impending privatisation and RIL's stake sale to Saudi Aramco raise questions about the future of the West Coast Refinery, once touted as the world's largest.

Will Indian Railways be privatised?

Will Indian Railways be privatised?

Rediff.com31 Dec 2019

Railways to hive off all production units and workshops into new govt-owned company; may invite bids from private players to run passenger trains in next 15 days, with ownership vesting with the government.

Govt to break 150-yr tradition, gives nod to Railway board restructuring

Govt to break 150-yr tradition, gives nod to Railway board restructuring

Rediff.com25 Dec 2019

The new board will have a leaner structure on functional lines headed by the chairman and four members - covering infrastructure, operations and business development, rolling stock, and finance.

Railways in talks with Reliance Jio on tower use

Railways in talks with Reliance Jio on tower use

Rediff.com23 Dec 2019

Indian Railways is in talks with Reliance Jio Infocomm to allow the Mukesh Ambani-led telecom major's use of its towers. The aim is seamless mobile and internet connectivity for passengers along the 67,368-km of tracks. The Railway Board has entrusted its RailTel Corporation arm to work on the modalities with Jio. The Jio tie-up is expected to bring down its telecom bill by at least 35 per cent from this financial year.

Subsidy on kerosene likely to go by FY21

Subsidy on kerosene likely to go by FY21

Rediff.com15 Oct 2019

A major reason for the decline in the consumption of kerosene was an increase in the number of LPG consumers in rural India after the government launched the Pradhan Mantri Ujjwala Yojana. in 2016.

How Saudi terror attack has hit Indian kitchens

How Saudi terror attack has hit Indian kitchens

Rediff.com4 Oct 2019

A shortfall in LPG supply from Aramco has led to huge booking backlog across states. To meet the backlog, India has asked Abu Dhabi National Oil Company for two additional cargos of LPG, but that may take another 10 days to reach.

Is India's LNG deal with US a risky affair?

Is India's LNG deal with US a risky affair?

Rediff.com3 Oct 2019

Majority of PLL's long-term deals are linked to crude, which faces price challenge from other fuels. Spot LNG is moving away from this linkage, which puts a question mark on crude linked contracts.

Saudi oil crisis: Logistics cost a concern as India looks to Russia, US

Saudi oil crisis: Logistics cost a concern as India looks to Russia, US

Rediff.com20 Sep 2019

On Tuesday, Petroleum Minister Dharmendra Pradhan met Russian oil giant Rosneft's chief executive officer Igor Sechin and discussed raising crude imports from that country, in addition to talks about going for more acquisitions.

Robots can make Raebareli rail unit world's largest coach factory

Robots can make Raebareli rail unit world's largest coach factory

Rediff.com19 Sep 2019

Robots are now being used increasingly in the integrated-shell assembly line and robotic bogie-fabrication line. The unit may soon see its phase-II expansion, which will increase its capacity to 2,000 coaches.

Railways mulls private-run trains in the Delhi-Mumbai and Delhi-Howrah stretches

Railways mulls private-run trains in the Delhi-Mumbai and Delhi-Howrah stretches

Rediff.com10 Sep 2019

On these routes, the train speed would also be increased to above 160 kmph over the next four or five years by revamping the entire signaling, tracks and fencing.

Now, Indian Railway is going the EV way

Now, Indian Railway is going the EV way

Rediff.com3 Sep 2019

Railways is testing waters for locomotives to run on lithium-ion batteries, the most common ones used in electric vehicles.

What makes India a hotspot for global oil firms

What makes India a hotspot for global oil firms

Rediff.com21 Aug 2019

Experts say local demand, government policies in retail and refining sector are attracting foreign players.

3 state-run oil firms plan to deliver petrol at doorstep

3 state-run oil firms plan to deliver petrol at doorstep

Rediff.com20 Aug 2019

The fuel delivery scheme mainly targets consumers that buy in bulk.

Rail link between Kashmir and rest of India on fast track

Rail link between Kashmir and rest of India on fast track

Rediff.com20 Aug 2019

Of the 272-km Udhampur-Baramulla rail line, nearly 111-km stretch between Katra and Banihal is incomplete.

Vande Bharat dream on slow track; Train 20 may be shelved

Vande Bharat dream on slow track; Train 20 may be shelved

Rediff.com9 Aug 2019

Though bids for 43 Train 18 sets were invited first, orders for only three were given, including one for Spanish major CAF and Medha Group that supplied for the first Vande Bharat train.

Why Railways' transformation plan has gone off-track

Why Railways' transformation plan has gone off-track

Rediff.com1 Aug 2019

There was a plan to increase the Railways' revenue by augmenting carrying capacity. This target has, however, become the source of a bitter battle between two ministries - the railways and steel - and provoked serious arguments over the "Make in India" programme.

This is a reform-oriented Budget: Piyush Goyal

This is a reform-oriented Budget: Piyush Goyal

Rediff.com6 Jul 2019

'Are all roads in India privatised? Are governments not playing a role in airports or ports? If they (private players) want to set up lines for a specific requirement, I see no reason to object. It will expand the opportunity and passengers will also benefit.'

Supermarkets in India may soon sell petrol, diesel

Supermarkets in India may soon sell petrol, diesel

Rediff.com25 Jun 2019

If the reforms are implemented, multi-brand retail majors such as Future Group and Reliance Retail might enter the fuel retail space.

Railways' massage plans finally go on track

Railways' massage plans finally go on track

Rediff.com10 Jun 2019

The Ratlam division of the national transporter is planning to provide head and foot massages to passengers in 39 trains originating from Indore railway

Biggest challenge facing Modi's Ujjwala Yojana

Biggest challenge facing Modi's Ujjwala Yojana

Rediff.com5 Jun 2019

One of the major challenges before the government is that the annual average refill by a PMUY consumer is 3.28 cylinders compared to seven for others.

3 in race to bag civil work contract of bullet train

3 in race to bag civil work contract of bullet train

Rediff.com5 Jun 2019

L&T, Ircon International and Tata Projects have showed interest in a tender issued by the National High Speed Rail Corporation, implementing agency for the project. The tender is for construction of stations, bridges, viaducts, maintenance depots and tunnels.

Another data mismatch! This time at the Railways

Another data mismatch! This time at the Railways

Rediff.com16 May 2019

A change in electrification criterion in April 2017, with retrospective effect, helped the government add "already electrified 3,090 rkm" to its credit.

'Congress is not serious about its fight against BJP'

'Congress is not serious about its fight against BJP'

Rediff.com5 May 2019

'The Congress's arrogance and unrealistic claims have weakened the anti-BJP movement at the national level.'

Major churn among top ranks at Vedanta Cairn

Major churn among top ranks at Vedanta Cairn

Rediff.com11 Apr 2019

The company management remained tight-lipped about the resignations, but indicated there was nothing unusual in these movements.

Vande Bharat Express: Love at first sight

Vande Bharat Express: Love at first sight

Rediff.com12 Mar 2019

The train has a lot to offer to its passengers: Silent run, fully-sealed gangway connecting two coaches, GPS-based passenger information system, modular bio-vacuum and disabled-friendly toilets, intelligent air conditioning that adjusts cooling according to the climate and closed-circuit television for safety.

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