Emissions would still keep rising till 2030, and the path towards global warming would improve to 2.7c.
Usually, a fall in oil prices is followed with a cut in retail prices of auto fuels and the government passes on the benefit to consumers. However, Morgan Stanley believes gains this time around will remain capped.
While manufacturing firms cut jobs for the first time in 20 months to sharply reduce costs, services providers continued their hiring spree.
Observing that the Indian aviation industry was passing through a 'fragile and delicate moment', he said some airlines could go bust in the coming few months if 'structural changes are not carried out expeditiously'. As many as 25 carriers worldwide have folded up operations in the past several months due to huge losses, the latest being Italian national carrier Alitalia, leading to over 100,000 jobs in the aviation sector being lost.
Three oil companies have submitted a concept paper to the petroleum ministry for differential pricing of diesel for direct consumers like Railways and power producers who they want to charge market price and limit subsidised sales to transport and agriculture sectors, sources said. Industrial units like power generators find subsidised diesel cheaper than freely priced fuel oil and naphtha, pushing demand that has forced refiners import the fuel to meet the requirement.
The minister, in an eight-page open letter to farmers, said the Modi-government was committed to their welfare and stressed that the new legislations were aimed at benefitting small and marginal farmers.
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The home minister took stock of the situation and was briefed about the steps taken to maintain peace along border areas as well as in the Valley, a security official said.
Refining and petrochemicals contribute around 90 per cent to RIL's overall revenue and profit.
In July last, fares were increased by 14.2%.
A steady climb in volumes has helped the company double its market share in the segment to 5 per cent in the first six months of the financial year from the year-ago period and it has now set its sights on a 10 per cent share in the next two years.
'It is high time that we act instead of just talking about how and why the climate is changing.'
'Nirmalaji's Budget announcements have long-term implications and are not backed by enough money when the short-term outlook looks bleak,' notes T N C Rajagopalan.
India is the fourth country to demonstrate the flight testing of Scramjet Engine after the United States, Russia and European Space Agency.
According to research by IHS Markit, for an ecosystem still grappling with infrastructure issues -- the high cost of EVs and a greater OEM (original equipment manufacturer) focus on electrifying two-wheelers and commercial vehicles first -- the share of such vehicles is expected to be 4 per cent by 2030, reports Pavan Lall.
As crude oil prices hover around four-year lows, the government may look at slashing diesel prices further that will help cool inflation by lowering goods transportation charges.
Overall, the People's Liberation Army Air Force (PLAAF) has focused on building ground-based air defense networks and network-centric operations rather than trying to match the Indian Air Force (IAF) in terms of straight fighter numbers along the border. All air assets fall under the Western Theater Command of the PLA, the largest geographic region of China's five military theater commands.
More than 1,200 people are now known to have died in the quake-tsunami that smashed into Sulawesi, Indonesia said on Tuesday. The 7.5-magnitude quake struck just off the central island of Sulawesi, setting off a tsunami that engulfed the coastal city of Palu. People there are growing increasingly desperate for food, fuel and water. Almost 200,000 people are in need of urgent help, the United Nations says, among them thousands of children.
Soft crude prices will cut fuel subsidy bill and help contain fiscal slippage this year.
While third quarter results do not reflect it, the sector's reluctance to cut interest rates points towards either high NPAs or wrong strategies.
World Bank is likely to give Mumbai projects Rs 275 crore less, in wake of the appreciation of rupee against the dollar.
Finance Minister Nirmala Sitharaman on Monday presented the Budget for 2021-22 in the Lok Sabha that is expected to provide relief to the pandemic-hit common man as well as focus more on driving economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours, As India emerges from the COVID-19 crisis, the ninth Budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
'Thank you to Chairman Kim Jong Un for keeping your word & starting the process of sending home the remains of our great and beloved missing fallen'
The incident occurred around 5:10 am when the Hyderabad-bound bus from Bangalore hit against a culvert, breaking its diesel tank. Within few minutes the bus was reduced to cinders, police said.
Russian authorities on Wednesday resumed search operation for 10 missing sailors, including four Indians.
Government may impose a 25 per cent cess on big diesel cars and charge bulk users other than railways and state transport corporations Rs 22 a litre more for diesel as part of a dual fuel pricing policy.
The driver of the ill-fated Hyderabad-bound Volvo bus was overstressed and there were fire crackers inside the vehicle, according to findings of an investigation that probed two recent road mishaps in which 52 persons were killed.
Kashmir University, Central University Kashmir and Islamic University of Science and Technology have postponed all examinations scheduled for Wednesday.
The harrowing tragedy struck Pakistan's Punjab province on Sunday just a day before Eid celebrations when a tanker carrying 40,000 litres of petrol overturned and burst into flames as hundreds of villagers had gathered to collect the fuel spilled over on the highway at the Ahmedpur Sharqia area of the Bahawalpur district, some 400 km from Lahore.
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Uttar Pradesh, last year, recorded the most 2,60,028 deaths attributable to air pollution, followed by Maharashtra at 1,08,038 and Bihar 96,967, it said.
The Ruias-managed Essar Oil is fast catching up with Reliance Industries in the number of petrol pumps set up by private sector retailers.
Inflation pegs down currency value, re-allocates resources, reduces potential economic growth and leads to the attrition of gross domestic savings.
Railways to have functional autonomy, bear salary burden
Recent derailments had brought the vulnerability of the national carrier into the limelight. For the railways, the fund allotment of Rs 1 lakh crore towards safety, is a welcome move, says Subrat Nath.
Open loop pre-paid cards come with a two-factor authentication. One for ATMs and PoS transactions, and the other for online transactions
'This (opposition to the project) is not just architects, but everyone needs to know more.' 'We need to be allowed to participate, maybe, you can ignore what we have to say, that's your decision.' 'At least follow the process.
India is, indeed, particularly vulnerable to this menace.
Happy End' is a photo-project of 15 airplanes that had forced landings but all on board survived and were rescued.
The Centre on Monday earmarked a separate Rs 2,217 crore for 42 urban centres to tackle air pollution and announced the much-awaited voluntary vehicle scrapping policy to phase out old and polluting vehicles, even as it shrunk the budgetary allocation for the environment ministry from the last fiscal by nearly eight percent. Union Finance Minister Nirmala Sitharaman, in her budget speech for 2021-22, announced a total of Rs 2869.93 crore for the ministry, Rs 230 crore less than the last fiscal. Officials said the outlay has been lesser this time as the economy is recovering from the COVID-19 pandemic.
