News for 'fuel crisis'

Victoria's Secret: The Gorgeous Angels Are Back

Victoria's Secret: The Gorgeous Angels Are Back

Rediff.com16 Oct 2024

It was amazing to see models who had different body types, and belonged to different age groups, on the Victoria's Secret runway.

'India Must Not Support Nepal's Ex-King'

'India Must Not Support Nepal's Ex-King'

Rediff.com17 Apr 2025

'Gyanendra back on the throne would be bad news for the Nepali people. He may not have learnt from his experience, but we have.'

45 arrested for violent protests outside Lankan Prez house over economic crisis

45 arrested for violent protests outside Lankan Prez house over economic crisis

Rediff.com1 Apr 2022

"No petrol, no gas, no milk powder, no electricity", "Go home Gota", placard carrying protestors were then seen walking towards the Rajapaksa private residence in Colombo at Pangiriwatte Lane.

India stares at fuel shortage with spike in under-recovery at OMCs

India stares at fuel shortage with spike in under-recovery at OMCs

Rediff.com23 Jun 2022

As oil marketing companies (OMCs) stare at huge under-recoveries, India is facing fuel shortage across the country with states like Rajasthan, Madhya Pradesh, Karnataka Uttarakhand, Gujarat and Haryana being the worst hit. The under-recoveries suffered by OMCs are around Rs 20-25 a litre for diesel and Rs 14-18 a litre for petrol, said sources. Government and state-run companies denied reports of any crisis or supply-side issues on the availability of fuel.

After fuel, China offers to supply LPG to Nepal

After fuel, China offers to supply LPG to Nepal

Rediff.com16 Nov 2015

In a move that could potentially irk New Delhi, China has offered to supply liquified petroleum gas to Nepal after gifting fuel to ease the crisis in the country, hit by acute fuel shortage due to a blockade at key border trade points with India.

Crisis-hit Sri Lanka announces default on foreign debt

Crisis-hit Sri Lanka announces default on foreign debt

Rediff.com12 Apr 2022

A statement from the finance ministry said, 'it shall be the policy of the Sri Lankan government to suspend normal debt servicing...shall apply to amounts of affected debts outstanding on April 12, 2022'.

Jet fuel price hiked by over 18%, touch all-time high

Jet fuel price hiked by over 18%, touch all-time high

Rediff.com16 Mar 2022

Jet fuel prices on Wednesday were hiked by over 18 per cent -- the steepest ever increase -- to all-time high levels after international oil price surged to a multi-year high.

Fully prepared to contribute to Ukraine peace: Modi after talks with Italian PM

Fully prepared to contribute to Ukraine peace: Modi after talks with Italian PM

Rediff.com2 Mar 2023

Addressing the media alongside Modi, Meloni said Italy hoped that India, during its G-20 presidency, plays a central role in facilitating and negotiating the process for cessation of hostilities in Ukraine.

Sri Lanka declares emergency amidst protests over economic crisis

Sri Lanka declares emergency amidst protests over economic crisis

Rediff.com2 Apr 2022

Sri Lanka has also imposed a police curfew in Western Province for six hours.

Can Renault India turn around its fortunes?

Can Renault India turn around its fortunes?

Rediff.com28 Sep 2024

'We are very quickly going to announce the timeline of our launches, which should start giving us the turnaround'

Australian team donates prize money to crisis-hit Sri Lanka

Australian team donates prize money to crisis-hit Sri Lanka

Rediff.com11 Aug 2022

The funds revealed by Australian players will go towards programmes by UNICEF that support nutrition, healthcare, safe drinking water, education, and mental health services for 1.7 million vulnerable in-need children in the country.

Emergency in Lanka, 2nd time in a month amid protests over economic crisis

Emergency in Lanka, 2nd time in a month amid protests over economic crisis

Rediff.com6 May 2022

Rajapaksa's decision was to ensure public security and maintain essential services so as to ensure a smooth functioning of the country, the presidential media division said.

Power crisis: Gencos may not switch on idle units soon

Power crisis: Gencos may not switch on idle units soon

Rediff.com9 May 2022

Power generating companies (gencos) that use imported coal to produce electricity, may find it difficult to switch on their idle units immediately in the wake of high fuel costs, several players have told Business Standard. Recently, the Union power ministry had invoked Section 11 of the Electricity Act mandating all imported coal-based plants to generate power at full capacity. However, some generating companies that use imported coal, argue that it is simply unviable for them to produce power when the price of coal in the international market is high, while the per-unit price of power has been capped at Rs 12 per unit on the domestic power exchange.

Sri Lanka's cabinet resigns en masse as crisis deepens

Sri Lanka's cabinet resigns en masse as crisis deepens

Rediff.com4 Apr 2022

Ppolitical experts in Colombo said the ministers came under intense pressure from the public over the government's alleged "mishandling" of the economic crisis, triggered by the shortage in the foreign exchange reserve.

Events that shaped Indian businesses in 2024

Events that shaped Indian businesses in 2024

Rediff.com1 Jan 2025

Unprecedented bribery charges, farewells, separation, failed union, monumental mergers and record-breaking IPOs, along with a healthy dose of online happenings in the form of spat and lessons in customer care, corporate India saw it all in 2024.

With oil on the boil, Vistara's loss may not be IndiGo's gain

With oil on the boil, Vistara's loss may not be IndiGo's gain

Rediff.com18 Apr 2024

Shares of low-cost airline IndiGo hit record high on the bourses soon after reports of pilot crisis at Vistara emerged. The development also saw airfares surge by around 25 per cent on select routes. Shares of IndiGo hit a lifetime high of ~3,68.5 on April 2, 2024, and has gained 2.4 per cent on the bourses in April.

UK's richest 10% took half of wealth from India during colonialism

UK's richest 10% took half of wealth from India during colonialism

Rediff.com20 Jan 2025

The United Kingdom extracted USD 64.82 trillion from India over a century of colonialism between 1765 and 1900 and USD 33.8 trillion of this went to the richest 10 per cent -- enough money to carpet London in notes of 50 British pound almost four times over.

Iran Missile Strike Forces Flight Reroutes

Iran Missile Strike Forces Flight Reroutes

Rediff.com7 Oct 2024

Flights from Delhi or Bengaluru, while they may still fly over Iran, depending on the route, have alternative paths that may take them through Central Asia or northern routes.

Indian firms, banks cautious as Sri Lanka battles financial crisis

Indian firms, banks cautious as Sri Lanka battles financial crisis

Rediff.com21 Jan 2022

Banks and companies in India are taking a cautious approach towards Sri Lanka, which, reeling from a financial crisis, has sought a $1-billion loan from the country to import essential commodities. A senior State Bank of India (SBI) executive said the bank was committed (to Sri Lanka) for the long term. "As far as exposures (are concerned), the bank will be cautious on its dollar exposure to Sri Lankan entities till the situation improves," he said.

Dirty Air, 2nd Largest Global Killer

Dirty Air, 2nd Largest Global Killer

Rediff.com20 Jun 2024

Over eight million deaths in 2021 were attributed to air pollution, affecting both children and adults alike.

Power crisis: Low generation and not coal shortage is the reason

Power crisis: Low generation and not coal shortage is the reason

Rediff.com24 Apr 2022

The current power crisis is mainly on account of sharp decline in electricity generation from different fuel sources and not due to non-availability of domestic coal, a top official said on Sunday. The above statement assumes significance in the wake of reports of many states, including Maharashtra, facing power outages due to shortage of coal. In an interview to PTI, Coal Secretary A K Jain attributed the low coal stocks at power plants to several factors such as heightened power demand due to the boom in the economy post COVID-19, early arrival of summer, rise in the price of gas and imported coal and sharp fall in electricity generation by coastal thermal power plants.

Explained: Why are fuel prices rising in India?

Explained: Why are fuel prices rising in India?

Rediff.com19 Feb 2021

The oil crisis could not have come at a worse time for the Modi government as its tax collection has fallen short of its 2020-2021 target by Rs 5.2 lakh crore.

India staring at power crisis ahead of festive season

India staring at power crisis ahead of festive season

Rediff.com9 Oct 2021

In a year when the country produced record coal, rains hit movement of the fuel from mines to power generation units, impacting power generation in many states, including Gujarat, Punjab, Rajasthan, Delhi and Tamil Nadu.

Will Poll Gamechanger Laadki Bahin Continue?

Will Poll Gamechanger Laadki Bahin Continue?

Rediff.com26 Nov 2024

'I wonder if they will keep it up after the elections.' 'I fear they'll start questioning eligibility -- income, age, bank accounts -- and eventually stop the scheme altogether.'

Lanka political crisis: Former Gotabaya ally pushes for snap polls

Lanka political crisis: Former Gotabaya ally pushes for snap polls

Rediff.com6 Apr 2022

Democratic Left Front politician Nanayakkara was among the 42 members who declared independence in Parliament from the ruling Sri Lanka Podujana Peramuna (SLPP) coalition.

Subprime crisis fuels yellow metal rally

Subprime crisis fuels yellow metal rally

Rediff.com17 Sep 2007

The gold rally can be attributed largely to fears of further losses in traditional investments that are highly leveraged on a problematic subprime mortgage market, pushing investors towards safe assets such as gold.

IOC resumes fuel supplies to Jet

IOC resumes fuel supplies to Jet

Rediff.com5 Apr 2019

Earlier in the day, Jet Airways faced operational disruptions across major airports when IOC refused to refuel its planes without clearing the outstanding amount.

Lanka crisis: PM Mahinda Rajapaksa proposes to amend Constitution

Lanka crisis: PM Mahinda Rajapaksa proposes to amend Constitution

Rediff.com19 Apr 2022

A statement issued by the Prime Minister's Office on Monday said that Mahinda Rajapaksa intends to propose a new Constitutional Amendment to the cabinet in order to fulfil the people's aspirations.

We Are In An Era Of Puppets And Puppeteers

We Are In An Era Of Puppets And Puppeteers

Rediff.com31 Dec 2024

'As we enter 2025, it must be acknowledged that there is a convergence of capital, influential people (from business and politics) and technology deciding the destiny of others in the name of pride, patriotism, nationalism, nation building, all of it thinly veiled disguises for personal profit and glory,' asserts Shyam G Menon.

Rajapaksa faces new crisis as dissidents plan to ditch govt

Rajapaksa faces new crisis as dissidents plan to ditch govt

Rediff.com5 Apr 2022

The dissidents, led by former president Sirisena's Sri Lanka Freedom Party, would leave the ruling Sri Lanka Podujana Peramuna coalition with its 14 Members of Parliament, party sources said after their meeting with the President on Monday.

Climate deal emerges at COP26, India intervenes on fossil fuel

Climate deal emerges at COP26, India intervenes on fossil fuel

Rediff.com14 Nov 2021

Negotiators from nearly 200 countries have accepted a new climate agreement after the COP26 summit in Glasgow concluded its extra time plenary on Saturday with a deal, which recognises India's intervention for the world to 'phase down' rather than "phase out" fossil fuels.

India among economies worst-hit from Ukraine crisis: Nomura

India among economies worst-hit from Ukraine crisis: Nomura

Rediff.com26 Feb 2022

Every 10 per cent rise in crude oil price will shave off around 0.2 percentage point (pp) from India's GDP growth and widen the current account by 0.3 per cent, says Nomura.

How I Want To Make Our Planet Liveable

How I Want To Make Our Planet Liveable

Rediff.com30 Dec 2023

Nothing is more promising than countries putting aside hubris and ideological differences to invest in our shared future, observes Durga Sreenivasan, a delegate at COP28.

Frequent power cuts still a trouble for Rajasthan govt amid scorching heat

Frequent power cuts still a trouble for Rajasthan govt amid scorching heat

Rediff.com4 Jun 2024

Amid the scorching heat, with temperatures soaring between 47 and 50 degrees Celsius, irregular electricity supply has added fuel to the fire, aggravating problems for people, farmers, and the industrial sector. While the state's Bhajan Lal Sharma-led Bharatiya Janata Party (BJP) government claims to be improving the power supply, the opposition is trying to corner the government on the issue. Amid all this, undeclared power cuts are continuing in districts including the capital, that are already facing power cuts.

Modi slams opposition-ruled states for not lowering VAT on fuel

Modi slams opposition-ruled states for not lowering VAT on fuel

Rediff.com27 Apr 2022

Flagging higher fuel prices in many opposition-ruled states, Prime Minister Narendra Modi on Wednesday called it "injustice" to people living there and urged the governments there to reduce VAT in "national interest" to benefit the common man. Modi raised the issue of many states not adhering to the Centre's call for reducing the Value Added Tax (VAT) on petrol and diesel after his government slashed excise duties on them in November last, and asked them to work in the spirit of cooperative federalism in this time of global crisis. Higher prices in some states were also harmful for neighbouring states, he added.

Lanka crisis: Blow to Rajapaksa govt as 3 MPs withdraw support

Lanka crisis: Blow to Rajapaksa govt as 3 MPs withdraw support

Rediff.com20 Apr 2022

Sri Lankan President Gotabaya Rajapaksa, who is under pressure to resign, was dealt a further blow on Wednesday when three more parliamentarians withdrew their support to the government.

'Death Was Flying Around Us'

'Death Was Flying Around Us'

Rediff.com26 Aug 2024

'The odds were stacked against us.' 'Through it all, we were determined to overcome and prevail we did!' Wing Commander Shailesh Singh on the high-risk flying mission for which he was awarded the Shaurya Chakra.

'When innocent children die...': Modi to Putin on Ukraine war

'When innocent children die...': Modi to Putin on Ukraine war

Rediff.com9 Jul 2024

Prime Minister Narendra Modi on Tuesday told Russian President Vladimir Putin that a solution to the Ukraine conflict is not possible on the battlefield and peace efforts do not succeed in the midst of bombs and bullets even as he flagged concerns over a missile strike on a children's hospital in Kyiv.

As Olympics kick off, Gazans seek refuge in football

As Olympics kick off, Gazans seek refuge in football

Rediff.com25 Jul 2024

Inspired by the Olympics worlds away in Paris, some Palestinian youths played football against each other at a school sheltering the displaced in the war-torn Gaza Strip

Rahul Gandhi Must Be Careful About What He Says

Rahul Gandhi Must Be Careful About What He Says

Rediff.com16 Jul 2024

In the volatile international situation where 'nativism' is on the rise and immigrant communities are being targeted, the Leader of the Opposition's statement is like adding fuel to fire. If the Indian diaspora numbering 4 crores is threatened it will constitute a grave threat to national security, warns Colonel Anil A Athale (retd).