Iran and Pakistan have signed a deal in Turkey paving the way for constructing the much- delayed natural gas pipeline that was originally envisaged to extend up to India.
But to note how the states have become more proactive and aggressive in securing a larger say in an economic policy sphere that still largely remains the domain of the Union government.
Let's take a look at six diamond kings of India who have captured the hearts and wallets of customers around the world.
Now that the Bombay High Court has rejected the Ministry of Petroleum and Natural Gas' (MoPNG) attempts to help Mukesh Ambani's Reliance Industries Limited (RIL) wriggle out of its 2005 contract to supply 28 million metric standard cubic metres per day (mmscmd) of gas to Anil Ambani's Reliance Natural Resources Limited (RNRL), the pressure on it has increased several times over.
Terming the recent calamity in Uttarakhand as a man-made disaster, activist Medha Patkar has said it is time to rethink the concept of development. "This disaster has been caused by unplanned development. It is the result of mindless misuse of the state's natural resources. The dams, barrages and tunnels built in the name of hydel projects have impacted the course of the rivers which led to the tragedy," Patkar said.
The Reference has asked the court for its view whether the verdict in the 2G case be given retrospective effect for radio waves granted since 1994.
'ESG is actually a concept which cannot be applied effectively in the very short run.'
A joint venture of Adani Group and Welspun Enterprises Ltd has discovered natural gas reserves in an area off the Mumbai coast, the two firms said in a statement Monday. The first-ever gas discovery was made in the NELP-VII block MB-OSN-2005/2, Adani Welspun Exploration Ltd (AWEL) said. Spread across 714.6 square kilometers, the block is located in the prolific gas-prone Tapti-Daman sector of the Mumbai Offshore basin where production is already underway by other operators.
The government on Tuesday decided to make a Presidential Reference to the Supreme Court asking it whether its judgement in the 2G telecom licences case makes auctioning of natural resources across all sectors mandatory in all circumstances.
Pakistan was ready to buy petroleum products from India if these were offered at "right prices", the country's minister of Petroleum and Natural Resources Asim Hussain said.
Supreme Court ruling on Presidential Reference a booster, it says.
On all other issues, including the future of licences given to incumbents before 2008 on the controversial first-come-first-serve basis and dual technology licences, the status quo will be maintained, meaning there is no question of any cancellation, say experts and telecom companies.
The rapid aging of Chinese population attributed to its one child policy implemented over two generations will impact its domestic economic growth. On the other hand, while India is at present one tenth in size of China, it will experience accelerated growth in less than ten years with better infrastructure, political reforms and fi nancial transparency.
Imperial Energy, which operates in Siberia's Tomsk region and far eastern Kamchatka, has no strategic fields and deposits under its control, business channel RBC TV reported quoting sources in the natural resources and environment ministry. The London-based oil company owns a number of licences and hopes to produce 35,000 barrels per day (bpd) by the end of 2009 and 80,000 bpd by 2011, which could be directly exported to energy-hungry India.
The OECD is a club of developing countries and has been playing a key role in reforming the international taxation system.
National Development Council meet to discuss this next week.
The 41 workers trapped in Uttarakhand's Silkyara tunnel for the last 11 days are likely to be rescued in the next few hours or by tomorrow, National Disaster Management Authority (NDMA) member Lt Gen (retd) Syed Ata Hasnain said on Thursday evening.
India's Polar Satellite Launch vehicle-C16 rocket on Wednesday successfully launched into orbit the latest remote sensing satellite Resourcesat-2 that would study and help manage natural resources along with two nano satellites.
According to sources, the government has provided a list of 20 companies to Reliance Industries for sale of gas as per the gas utilisation policy. Some of these companies include Nagarjuna Fertilizer & Chemicals, Chambal Fertilizers & Chemicals, Tata Fertilizers and Oswal Chemicals & Fertilizers among others.
GIREM 36 is focusing on a new strategy to develop smaller cities as a magnet for allied investments in development of key areas of infrastructure, education and research, and industry.
'We seem to be in a situation where we can do little, and nothing needs to be done anyway.'
As Bihar celebrates its centenary, Gopal Krishna hopes the state can conserve, restore and manage its natural resources and desist from imitating a cannibalistic and toxic model of development
Asserting that the country has made it a priority to rescue all Indians stuck in Ukraine, Modi said, "It is due to India's rising strength that we are are able to bring back stranded Indians from Ukraine. Operation Ganga has been launched and I have sent four ministers to oversee the evacuation."
Chief Justice of India S H Kapadia on Saturday said loss is a matter of fact and profit and gain is a matter of opinion, remarks that came against the backdrop of raging controversies over valuation of natural resources.
RIL, as well as its partner Pioneer Natural Resources Co, are seeking a buyer for their stakes in Eagle Ford Midstream venture as they focus on shale oil production.
The United States reigns supreme as the world's economic superpower.
The Union Government on Thursday said that 5.9 million tonnes of lithium reserves have been found for the first time in the country in Jammu and Kashmir. Lithium is a non-ferrous metal and is one of the key components in EV batteries. "Geological Survey of India for the first time established Lithium inferred resources (G3) of 5.9 million tonnes in the Salal-Haimana area of the Reasi district of Jammu and Kashmir," the ministry of mines said on Thursday.
The alleged irregularities in the coal block allocations came under judicial scrutiny today with the Supreme Court directing the Centre to explain if the guidelines were strictly followed in allotting the natural resource to private companies.
The Bharatiya Janata Party on Friday defended the washout of nearly the entire Monsoon Session of Parliament by the Opposition saying a similar exercise in 2010 on the 2G spectrum issue had led to cleansing of the telecom sector and hoped it will bring transparency in allocation of natural resources.
The Bombay high court on Monday suggested that the warring Ambani brothers could approach an independent body to resolve their dispute relating to supply of natural gas from the Krishna-Godavari basin. "The MoU is not able to resolve the issue and we would suggest both the parties to approach an independent body for the same," observed justice J N Patel.
The United Progressive Alliance government in its robust defence has rubbished Comptroller and Auditor General's charges against the allotment of coal mines and its estimate of losses to the exchequer.
These states make India one of the fastest growing economies in the world.
"There are eight companies (who have put in expression of interest)... RNRL is one of them," said A K Ahuja, managing director, Ratnagiri Gas and Power Pvt Ltd, the company that operates the nation's biggest gas-fired power plant and the adjacent LNG import facility. Others in the fray include state power utility NTPC and GMR. Ahuja said RGPPL will frame the bidding criteria and call for financial bids by next month.
The tabling of CAG reports on coal block allocation, power and Delhi airport on Friday prompted erstwhile Team Anna to target the political class once again as it accused all the parties of being together in corruption and benefitting from the "loot" of natural resources.
The anti-talks faction of the United Liberation Front of Assam on Monday led 10 other militant groups based in the Northeast to call for boycott of Republic Day celebrations in the region and a general strike during 1.00 am to 5.30 pm to protest 'India's unrelenting colonial occupation of the region with the sole objective of exploiting its rich natural resources by gagging to people's voice for liberation from its clutches."
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The Centre on Tuesday decided to withdraw from the Supreme Court its plea for review of the 2G judgment, which had held that natural resources should be allotted to private companies only through "auction" and not on the basis of first-come-first-served policy.
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