Around 15 years ago, when Reliance Industries (RIL) struck natural gas in the Krishna-Godavari (KG) basin off the east coast, the government made plans to supply that fuel cheaply to scores of generators that sprang up in India triggered by the discovery. Most of the plants, which account for 6 per cent of India's total generation capacity, operate sparsely after the KG-D6 area first failed to meet production targets, and then finally shut shop. Affordable domestic gas was why those thermal plants came up and the rate of the fuel today is why those generators hardly operate. Record liquefied natural gas (LNG) rates may yet again unravel India's ambitions to expand use of gas in industries, households and vehicles. Rates, while volatile, may stay strong this decade as developed nations with higher purchasing power embrace gas as the transition fuel.
The force will provide security to the high court, district courts, administrative offices and buildings, Metro rail, airports, banks, financial institutions, educational institutions and industrial units. Members of this force can arrest any person without the orders of a magistrate or a warrant.
With the green cover gone, the bald roads to Puri are now reigned by lorries laden with electric poles, ambulances, fire service vehicles and cranes, signalling the rebuilding effort is in the works.
PSU divestment, LIC IPO, fiscal deficit: Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation.
'That would be very bad for them and suicidal for both the Gandhis and the Congress party.'
Nearly half of the investments by various US-based investors have been made in Reliance subsidiary Jio.
Hydrography (underwater geography) prevents the Indian Navy for opting for an all-conventional, or all-nuclear submarine fleet.
The Exim Bank of the US denied loan guarantees to Reliance's coal-fired power plant and a mine in India last week, citing adverse environmental impact as the reason.
Pawan Ruia has finally done it, a beaming Buddhadeb Bhattacharjee, then West Bengal chief minister, had said at the reopening of the 70-year-old Sahagunj factory owned by Dunlop in 2005. But with the Calcutta high court passing a winding-up order in 2013 and the Trinamool Congress-led state government passing a Bill to take over the company in 2016, the once-upon-a-time undisputed leader in the Indian tyre industry looks vastly undone. But that can hardly be a deterrent for Ruia, who has a penchant for making headlines one way or the other.
'It shows that they cannot manage the situation with the forces in their hand.'
Pragmatism and flexibility is a virtue. An untethered and short-term approach to policymaking is a flaw, argues Mihir S Sharma.
Since 2014, India has left its moorings as a pluralist, modern, secular State because that is how the BJP wants it to be, notes Aakar Patel.
The elephant had died on May 27 after she ate the pineapple stuffed with crackers and forest officials said that it died standing in river Velliyar after it suffered an injury in its lower jaw.
The broadening of the market rally sends the signal that growth will be broad-based, observes Akash Prakash.
HDFC, HDFC Bank, Reliance Industries and Infosys fell up to 2.20 per cent, dragging the indices deep into the red.
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
'The slide in growth has arisen primarily because we have an NBFC crisis on top of a banking crisis,' points out T T Ram Mohan.
Addressing a rally in Rithala in northwest Delhi, Shah said Kejriwal and Congress leader Rahul Gandhi were against the construction of Ram temple, the scrapping of provisions of Article 370 and were not bothered about the country's image and soldiers.
After rejecting a request for financing the 4,000 MW ultra mega power project in Sasan, Madhya Pradesh, last Thursday, the Exim Bank reversed its decision on Monday after a conversation its chief Fred P Hochberg had with Anil Dhirubhai Ambani Group chairman Anil Ambani.
He also accused the Congress of delaying a solution to the Kashmir issue for seven decades.
Though Amitabh Bachchan has been seen as an Angry Young Man, thanks to the kind of action films he did in the 1970s and 1980s, he has done quite a few suspense thrillers.
'All that Mr Modi needed to do was to call Urjit Patel over for a cup of tea and ask him nicely, and this fuss would never have happened.'
The government wants the RBI to part with most of its profit as dividend.
Congress chief Rahul Gandhi had announced his party would waive farm loans within 10 of coming to power in the state.
'If someone is trying to do a vote bank politics under the garb of the CAB then it is not in the interest of the country'
Cottage industries across India have suffered heavily because of the note ban. In the second of a six-part series, Sanjay Jog travels to Bhiwandi to examine how the power loom industry here is coping five weeks on.
We understand the electoral compulsions, the desperate need for the BJP to have at least 50 per cent of the Hindus vote for them in Uttar Pradesh in a few months. For that, you need polarisation, put your own Muslim compatriots on the 'other' side. This is how your domestic politics runs contrary to your national, strategic interest, warns Shekhar Gupta.
To justify that farmers must burn if they are not paid cash incentive is doing injustice to them and to the lungs of the children of the country, notes Sunita Narain.
However, one goal proved enough for City who picked up their sixth successive league win to move four points clear of Liverpool, who host Aston Villa later on Saturday, at the top of the standings.
Even if the Paytm fiasco does not mark the end of the bull run, at least some sanity will return to the wild IPO market, observes Debashis Basu.
Gale-force winds, heavy rainfall and high tidal waves swept the coastal belt of Kerala, Karnataka and Goa as Cyclone Tauktae hurtled northwards towards Gujarat on Sunday, leaving four people dead in Karnataka and two in Goa, damaging hundreds of houses, uprooting electricity poles and trees and forcing evacuation.
Uttam Galva Steels is a part of the Reserve Bank of India's second list of cases, which will be referred to the bankruptcy tribunal for insolvency proceedings after lenders failed to resolve the account by December 2017.
"I think the Fed is out of control. I think what they're doing is wrong. Under the Obama administration, you had a lot of help because they had very little interest," Trump told reporters at the White House Thursday while responding to questions on the down sliding of the stock market for a second consecutive day.
These incredible photos show some of the spectacular scenes captured by photographers as part of the annual Landscape Photographer of the Year competition. Photographers from across the United Kingdom submitted images from wildlife to stormy waves, as well as cityscapes and 'winter wonderland' style scenes. The overall winner of the 2020 competition, whose photo stands in pride of place on the first page of the book, was Chris Frost, whose early-morning shot of Woolland Woods in Dorset shows a blanket of mist rolling over a bank of white wild garlic.
The US govt has urged the Supreme Court to reverse a lower court order on the Tata Mundra Power Plant in Gujarat funded by a financial wing of the World Bank
On joining the party, Kumar said, "I am joining Congress because it's not just a party, it's an idea. It's a country's oldest and most democratic party, and I am emphasising on 'democratic'...Not just me many think that country can't survive without the Congress..."
India lost around 38.5 thousand hectares of tropical forest in the last decade. Nearly 14 per cent of the country's tree cover! It is one thing for Modi to announce that India will reach a net-zero level of emissions in 2070. But if it is serious, it needs to start today, points out Ramesh Menon.
Lauding the bravery displayed by the soldiers, the prime minister said: "The bravery that you and your compatriots showed, a message has gone to the world about India's strength."
Delhi's power circles can expect a surprise when a not-so-known officer is appointed to head the CBI.
'Brand Kejriwal-AAP have a long way to go even if they win another Delhi election...'
'It is a force nobody can ignore, not even Mr Modi, because it will keep punching above its weight,' notes Shekhar Gupta.
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