Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, is likely to rise to record levels at the rate review scheduled this week, sources said. The government-dictated price for natural gas produced in the country is to be revised on October 1. After factoring in the spike in energy prices witnessed in recent months, the rate paid for gas produced from old fields such as of state-owned Oil and Natural Gas Corporation (ONGC) is likely to rise to $9 per million British thermal units from current $6.1.
Addressing a press conference, Congress general secretary Jairam Ramesh said efforts are being made since the last few days that a 'formula' or middle path is found with both the Opposition and the government relenting.
It had given the BJP a tough fight in 2017 winning 77 of the 182 seats at stake.
Lower crude oil costs and higher marketing margins are expected to raise the fortunes of oil marketing companies (OMCs) in the first quarter (Q1) of 2023-24 (FY24), while city gas distribution (CGD) companies could also benefit from lower spot prices of liquefied natural gas (LNG). However, in a break from the past, growth trends are expected to diverge for various segments within the broad energy sector. Analysts expect the earnings from gas production to go down for upstream national oil and gas companies such as Oil and Natural Gas Corporation (ONGC) and Oil India (OIL) due to the introduction of the new domestic gas pricing regime on April 1. After showing steep losses over the first half of 2022-23 (FY23), the marketing margins of OMCs have steadily recovered in four months.
A day after deciding to nearly double natural gas prices to $8, Finance Minister P Chidambaram on Friday hinted that power and fertiliser units may get gas at subsidised rates to keep electricity and urea costs down.
It should announce its candidates 45 days before the elections; trust rooted leaders; start its campaign focused on five guarantees six months before elections.
Formula One is working to put on a British Grand Prix in July even if the country imposes quarantine measures on visitors during the COVID-19 crisis, F1 sources said.
The Uttar Pradesh government on Thursday issued a provisional list of reserved seats for mayors of municipal corporations, and chairpersons of municipal councils and nagar panchayats for the three-tier urban elections.
Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, were on Friday hiked by a steep 40 per cent to record levels, in step with global firming up of energy rates. The rate paid for gas produced from old fields, which make up for about two-thirds of all gas produced in the country, was hiked to $8.57 per million British thermal units from the current $6.1, according to an order from the oil ministry's Petroleum Planning and Analysis Cell (PPAC). Simultaneously, the price of gas from difficult and newer fields like the ones in Reliance Industries Ltd and its partner bp plc operated deepsea D6 block in KG basin, was hiked to $12.6 per mmBtu from $9.92, the order said.
Locally produced gas in India will now cost at least 8 per cent less.
The crucial meetings come amid talks of the Congress leadership making efforts to bring all leaders together ahead of next year's Punjab Assembly polls and present a united face of the party.
The F1 supremo told US Grand Prix organisers that he could take the race elsewhere if he cannot agree a new deal with Indianapolis.
Americans have had a long-standing love affair with the car but the romance of Formula One, that sets hearts of motor sports fans around the world a flutter, has never managed to get pulses racing in the United States.
In an exclusive interview with rediff at his New Delhi residence this week, former Union Home Secretary G K Pillai categorically stated, "Smaller states have the advantage of effective administration as well as speedy development."
State-owned Indian Oil Corporation (IOC), Adani-Total Gas Ltd and Shell were among the 29 companies that bid and bought natural gas to be produced from the deepest field in the KG-D6 block of Reliance Industries Ltd and bp, sources said. IOC walked away with almost half of the 6 million standard cubic meters per day of gas sold in an e-auction on Wednesday while state-owned gas utility GAIL bought 0.7 mmscmd, Adani-Total Gas Ltd 0.4 mmscmd, Shell 0.5 mmscmd, GSPC 0.25 mmscmd and IGS another 0.5 mmscmd, two sources with knowledge of the matter said. Reliance-bp on Wednesday held an e-auction for sale of gas from the MJ field in their eastern offshore KG-D6 block after incorporating the government's new marketing rules to give CNG-selling city gas companies first priority over supplies.
Assembly speaker Sharingain Longkumer accepted the decision of the 21 NPF legislators to change party.
Banerjee said the two leaders discussed the current political scenario and strategies to oust the BJP in assembly and Lok Sabha elections at the 20-minute meeting at Gandhi's residence.
By changing the nation's name from India to Bharat, would this landmass overnight lose the emotional and cultural linkage that had been built over generations, centuries and millennia, asks N Sathiya Moorthy.
Formula One would rather cater for rich over-70s than chase a younger generation that cannot afford luxury watches and is more interested in social media, according to commercial supremo Bernie Ecclestone.
Amid the reports of coronavirus vaccine shortage from various states, the central government and Hyderabad-based Bharat Biotech are willing to invite other companies which want to produce COVAXIN in a bid to scale up the vaccine production, said NITI Aayog member Dr VK Paul, on Thursday.
The CBI recently approached the special court in Mumbai for issuance of LoR to conduct a probe to ascertain utilisation of funds received in the US-based bank accounts of Mallya and now defunct Kingfisher Airlines.
Lewis Hamilton has actively supported the Black Lives Matter movement, calling out his own sport's initial silence over the killing of Floyd, who died after a white US police officer knelt on his neck last month.
The government on Thursday more than doubled the price of natural gas that is used to produce electricity, make fertilisers, turned into CNG and piped to household kitchens for cooking, on the back of a spike in global energy prices. The price of gas produced from old regulated fields, such as the nation's largest gas field of Bassein of ONGC, will rise to a record high of $6.10 per million British thermal unit (mmBtu) from the current $2.90 per mmBtu, according to the oil ministry's Petroleum Planning and Analysis Cell (PPAC). The new price, which is likely to result in a hike in CNG and piped cooking gas rates, will be for six months beginning April 1.
With the Congress down in the dumps and the BJP juggernaut on a roll, 'secular' parties are attempting to revive the Janata Parivar coalition to fill the vacuum.
The British government announced on Friday that it would end the 14-day coronavirus quarantine for people arriving in England from more than 50 countries, including Germany, France, Spain and Italy - but not the United States.
If Kerala wants to sustain its room for independent thinking and talk back to Delhi when needed, it should put its finances in order. Or - if one takes the North East example - Kerala's political posturing may end up commensurate with its financial dependence on others, suggests Shyam G Menon.
'Tolerance is an elementary principle of our team and we are enriched by diversity in all its forms.'
With some variations, all regional political formations, whether in power presently or out of it, share some common features: Tight family control of the political apparatus, key members in elected or appointed positions, obvious wealth but not quite known sources of income, and family factionalism, sometimes open and bitter, notes Shreekant Sambrani.
According to a senior Planning Commission official, according to the new criteria evolved by members Abhijit Sen and Mihir Shah, henceforth BRGF amounts will be allocated on the basis of backward blocks and not just districts.
The two parties had fallen out with each other in October last year when the RJD unilaterally decided to contest by-elections for two assembly seats, evoking strong protest from the Congress which vowed to go it alone in the 2024 Lok Sabha polls and the assembly elections which will be held a year later.
Hamilton said he would still be "incredibly proud" to pull level with "an icon like Michael" and seven was way beyond his wildest dreams, but numbers and titles maybe meant more to those on the outside.
Rediff.com brings you a collection of some of the best sports images from around the world.
Formula One supremo Bernie Ecclestone said on Thursday he is pushing hard to take Formula One Russia's Sochi as contracts with some European cities that soon run out will not be renewed.
The government on Thursday hiked by 62 per cent the price of natural gas that is used to produce electricity, make fertilisers and turned into CNG to use as fuel in automobiles and cooking gas for household kitchens. This is the first increase in rates since April 2019 and comes on back of firming benchmark international prices but does not reflect the spurt in spot or current price of liquefied natural gas (LNG) witnessed during the last couple of weeks. The oil ministry's Petroleum Planning and Analysis Cell (PPAC) said the rates paid for gas produced from fields given to state-owned Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) will be $2.90 per million British thermal unit for the six-month period beginning April 1.
He said the party has not extended an invitation to Singh to join the yatra.
Sports bodies moved quickly to strip Russia of events,
The meeting comes ahead of the party's Punjab unit revamp and amid reports that Sidhu may get a key role in the organisation.
Bottas said he was already looking forward to next season despite the fact there are still two races left on the current calendar.
Formula One should link up with mainstream American sports like basketball and football to reach new audiences in the United States, world champion Lewis Hamilton suggested.
Verstappen leads seven times world champion Hamilton by six points with six races remaining and the pole at Austin's Circuit of the Americas was the ninth of the season for the Dutch 24-year-old -- and eighth in the last 11 races.
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