Reliance Industries has made drastic changes in gas supply contracts that will jack up its KG-D6 gas price by 10 per cent over and above the new rate of $8.3 coming into effect from next month.
During April-September, the eight sectors grew by 4 per cent, against 5 per cent in the year-ago period.
PSU divestment, LIC IPO, fiscal deficit: Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation.
Governments must encourage micro-irrigation, use of natural manure and pesticides in a big way. Farm income can be doubled by reducing cost as much as by increasing MSP, says Sanjeev Nayyar.
'The real lifting of the economy will happen only if this momentum sustains in the coming months.'
India has flattened its Covid-19 graph and 146 districts have reported no new case of the viral disease in the last seven days, 18 in 14 days, six in 21 days and 21 districts in the last 28 days, Union Health Minister Harsh Vardhan said on Thursday.
The outgo for major subsides, is the highest in the first quarter.
'It is so invigorating, nobody gets tired of it,' says Minister of State for Chemical and Fertilisers Srikant Jena.
A slew of concessions, including for carriage of foodgrains, kerosene and fertiliser, were announced by Railway Minister Mamata Banerjee in the Railway Budget 2010-11. Cancer patients travelling for treatment would get 100 per cent concession in third AC and sleeper classes.
Barely a week before the Union Budget for 2010-11, the United Progressive Alliance government on Thursday raised urea prices 10 percent.
Modi said "timing" is very important to deal with any crisis and "decisions taken at the right time have helped a lot in controlling the coronavirus infection in the country".
Russian fertiliser group Uralkali said that by turning down its higher bid for the company, the administrators had denied the extra funds that would have accrued to the shareholder of Force India - Mallya's Orange India Holdings Sarl - which is subject to a freezing order issued by the UK's High Court in favour of his 13 creditor Indian banks, led by the State Bank of India.
India's annual infrastructure output growth slowed to a three-month low of 2.4 percent in Decembe
However, the growth during the next financial year would be higher at 8.1 per cent in case of a second wave of the coronavirus and bit slower at 7.9 per cent if the virus recedes and remains under control.
The department had earlier also examined the option of a direct equity sale but opted for a PPP model because it offered revenue sharing opportunities, fertiliser secretary Atul Chaturvedi said. Chaturvedi explained that whereas the outright sale of equity will mean the government will have to wait for the plants to make profits to get a share of revenue, the PPP mode will help it do so in the first year.
There are several welcome standalone reforms, but these do not add up to a coherent strategy to achieve a $5 trillion economy or secure Aatmanirbharta, observes Rathin Roy.
23 trains have been partially cancelled and five short terminated till September 26 as protesters blocked rail tracks at various places, including Amritsar, Ferozepur, Sangrur, Barnala, Mansa and Nabha.
Bharatiya Janata Party on Monday said it will demand a division of votes on the cut motions to be moved in the Lok Sabha on Tuesday against increase in prices of petrol, diesel and fertiliser.
It hit more than a year's low of 1.8 per cent.
The development comes at a time when Eveready is on the lookout for strategic investors, including a possible stake sale in its battery business.
While India does not figure in the top 10 export destinations for Pakistani goods, it serves as a crucial channel for select goods such as leather hides and cheaper variants of fertilisers that are generally procured by importers at short notice.
The farming community expects much more substance from the government, Ajay Vir Jakhar.
India has evinced interest in building refineries and petrochemical plants in Iraq and is keen to source liquefied natural gas (LNG) from its second largest oil supplier.
'There is enough proof of science-driven research in the India of early centuries,' argues Kumar Abhishek.
The government has decided to give a Rs 3,000-crore (Rs 30-billion) cash subsidy to fertiliser companies and put in another Rs 800 crore (Rs 8 billion) in Air India. Oil marketing companies, though, are unlikely to get any subsidy for the losses they incur on selling cooking fuel at subsidised rates in the current year.
The output had expanded by 4 per cent in March 2014.
Imports too tumbled by 58.65 per cent to $17.12 billion in April from $41.4 billion in the same month last year, according to the data by the commerce and industry ministry.
Vice Chairman Harivansh regretted that 78 hours of business were lost due to disruptions and that the House functioned for only 27 hours.
Free provision of food, cash transfers, and jobs in villages see enhanced flow of funds despite a precipitous fall in revenue. Till May, defence spend was nearly 30 per cent less than the previous year.
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.
India needs to spread irrigation and do so against a backdrop of rising water scarcity and depleting groundwater resources
'This confrontation could have been avoided by a less arrogant administration that initially listened, used whatever negotiating skills they had and tried to be more credible,' observes Ramesh Menon.
In a new twist to the gas dispute between Ambani brothers, the fertiliser ministry on Monday said private family agreements cannot over-ride national priorities.
Gates, who is also co-chair in the Bill & Melinda Gates Foundation, further said since the issue of climate change is "complicated", different interventions are required to be taken including developing new variety of seeds and their distribution to farmers.
Without directly referring to the farmers' agitation, which entered the 17th day on Saturday, Modi said agriculture reforms as part of government efforts are aimed at removing roadblocks, and the new laws will also bring in technology and investment in the sector.
Although assembly election are 16 months away, it makes sense to let his party know he's very much in the running for the job he's currently holding.
BC Tripathi, who helms India's largest natural gas marketer and transporter -- GAIL, discusses last-mile connectivity to homes with Jyoti Mukul and Shine Jacob.
'It has caused our cook no little mirth that the sahib next door -- who heads a factory with several hundred, or thousand, workers -- can be spotted doing jharoo-pocha,' observes Kishore Singh.
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