The government should bring natural gas under the Goods and Services Tax (GST) regime to realise Prime Minister Narendra Modi's vision for a gas-based economy and raising the share of the environment-friendly fuel in India's energy basket, an industry body that represents the likes of Reliance Industries as well as state-owned firms, has said. Natural gas is currently outside the ambit of GST, and existing legacy taxes -- central excise duty, state VAT, central sales tax -- continue to be applicable on the fuel. In its pre-Budget memorandum to the finance ministry, Federation of Indian Petroleum Industry (FIPI), which boasts of members from across the oil and gas spectrum, also demanded rationalisation of GST on transportation of natural gas through pipeline as well as on re-gasification of imported LNG to help bring down cost of the environment friendly fuel.
Global demand for carbon credits, especially in Europe for economic reasons, has been declining since 2010
India should not miss the opportunity to develop high-speed railway.
Billionaire Mukesh Ambani's Reliance Industries has announced the contours of carving out of its oil-to-chemicals (O2C) business into an independent unit with a USD 25 billion loan from the parent, as it looks to unlock value by selling stakes to global investors like Saudi Aramco.
Indian corporate are fast tapping the international bonds market to raise funds for their operational expenses even as they reduce their presence in the rupee bond market. As bonds are costlier for companies and investors are more sceptical than the banks, chief financial officers say they are looking at other avenues for raising funds in the coming months as dollar bond rates are lower in the range of 100 to 250 basis points. "For corporate with reasonable credit quality, the Indian bond market has become less of an option from a cost point of view. "In addition, conditions imposed in the Indian bond market by investors post Franklin episode have also become very onerous," said Prabal Banerjee, president-finance of Bajaj group. "Hence very few corporate are looking at the local bond market for resource mobilisation, since both, bank loans and the overseas bond markets are much more attractive," he said.
If international crude oil prices zoom past the current level of about $90 per barrel and move towards $100 and beyond, middle-class consumers are not going to keep quiet about their discomfort, points out Arun Balakrishnan, former chairman and managing director, Hindustan Petroleum.
With the weaker-than-expected agreement at the recent Climate Change Conference at Lima, there is an urgent need to highlight endeavours in civil society and business for a sustainable global economy with grassroots empowerment, say Rajni Bakshi.
With scrutiny that comes with a public listing, Deepinder Goyal's leadership could face its sternest test yet.
The Bullet train is a childish desire to join an elite club at the cost of 99.9 per cent of rail passengers, says S Pushpavanam.
Stalin's personal intervention in the Adheenam row may have contained the avoidable political damage and social tensions at least for now, observes N Sathiya Moorthy.
The EIB has supported long-term investment across India that has helped the country harness renewable energy, strengthened industry and reduced carbon emissions.
'If there is any industry that is unfit for modern corporate form it is the diamond trade.' 'But no one was asking the right questions.' 'The music was playing and so the game was on,' says S Murlidharan, former MD, BNP Paribas.
'Modi's role at Paris last year is a testament to his willingness to take a political risk to do what he thinks is right, not just for his country, but for the planet'
'If every city had the strongest tools that are currently available only to a few, the world's climate prospects would glow far more brightly.'
The award committee recognised his contribution to the growth of Indian and global economies, crediting 'Modinomics' for reducing social and economic disparity between the rich and the poor.
Duty cut on raw material imports are not likely.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
Clean energy cess to hike cost for power sector.
Sources said Adani had not been able to tie up any financing for the coal project
The agenda for the year 2020 is well laid out -- launch of UDAY 2.0, installation of smart pre-paid metres, prompt payment by discoms, making coal available for short term and reviving gas based plants. But, it has to ensure effective implementation of various policy tweaks done so far.
'We've shown throughout the two games in periods we can outperform Australia, just not over five days'
Government needs to promote electrification and charge points and make sure India has stable power supply.
Uber started its business three years ago in India and is now operating in over 20 cities with thousands of cab drivers.
Overseas education consultant NNS Chandra offers advice.
With Joji, Dileesh Pothan has found a way, once more, to use everything he has learnt to further push the boundaries of his art, observes Sreehari Nair.
There are about 15.3 crore LPG consumers in the country.
'We should credit Prime Minister Modi with having foresight and courage and showing leadership on climate change.'
Secretary of State John Kerry arrived in New Delhi onto participate in the fourth round of Indo-US strategic dialogue even as US announced to invest $100 million in India's burgeoning clean energy sector.
energy is India's binding supply-side constraint for inclusive growth.
The government has made its initial moves, good and not-so-good, while the roll-out in some cases has been slow.
PM has asked the Reserve Bank to prepare a 20-year road map for financial inclusion
The lead scientist on the project, which was launched by NASA, is also the youngest at 18. Meet the boy from Tamil Nadu who is already working on his next mission.
'There is a great scope for enhancing the use of organic fertilisers'.
The Prime Minister stressed on achieving financial inclusion.
They swear by vegetarianism to not only save our environment and animals, but also to maintain their lithe, sculpted figure.
'We will have a well-designed product, and not a compromise.' 'We will make a completely contemporary vehicle, in keeping with consumers' aspirations, not like the Nano, which disappointed them,' Sajjan Jindal tells Shreekant Sambrani.
The DMK combine has won 37 of the 38 LS constituencies in Tamil Nadu, and bagged 13 of the 22 assembly bypolls. What swept away the AIADMK-BJP alliance in the southern state was not dravidian ideology but job loss and graft bias, says N Sathiya Moorthy.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
'Reality shows don't teach contestants how to deal with the reality of being a singer.'
Paytm is just embarking on building a TaoBao like entity in India, it may want to address a challenge that the latter faced a few years after its launch.
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