Domestic gas prices may be fixed at $2 lower than the $8.8-per-unit price discovered by the Rangarajan commitee constituted to suggest changes in the production-sharing contract and future domestic gas-pricing mechanism.

Sources said the oil ministry agreed to the basic principle of gas pricing suggested by the panel, but wants it to be modified slighty to also take into account gas prices in countries such as Malaysia, Saudi Arabia, Qatar and Nigeria that account for a major portion of India's liquified natural gas imports.

Oil-rich Gulf countries have announced some of the world’s most ambitious renewable energy plans but analysts say the next year marks a big test to show whether these pledges will turn into contrac

A major 7.8 magnitude earthquake struck Iran near the border with Pakistan on Tuesday and tremors were felt in India and Gulf states.

The US. Geological Survey said the quake hit at 10:44 GMTat a depth of 15.2 km (9.4 miles). The epicenter was in southeast Iran in an area of mountains and desert. It was located 201 km (125 miles) southeast of the Iranian city of Zahedan and 250 km northwest of Turbat in Pakistan, USGS said.
Tall buildings shook in India’s capital New Delhi, sending people running into the streets, witnesses said. People also evacuated shaking buildings in Qatar and Dubai, residents said.

14th Among 100 Countries: Survey

Mumbai: India enjoys a high rating when it comes to budget transparency practices. It ranks 14th among the 100 countries that were surveyed. Its open budget index score of 68 out of 100 is much higher than the average score of 43 for all countries covered in the Global Open Budget Survey 2012.

The results of the survey were released on Wednesday by The International Budget Partnership (IBP). According to IBP, India’s current score indicates that the government provides significant information on its budget and financial activities during the year, enabling Indian citizens to hold the government accountable for management of public money.

US, EU Refuse To Discuss How $100Bn Aid Will Be Provided

With ministers pouring in here for the high-level segment of the UN climate negotiations, rumours swirled over the weekend about the host Qatar asking ministers from select countries to lead talks

China, USA and European Union contributed 28 per cent, 16 per cent and 11 per cent respectively in global emissions during the year while India’s figure was 7 per cent despite a 7.5 per cent growth

Ahead of UN Climate Summit in Doha, a new research published today has come up with its data which says India has managed to control carbon emissions in comparison to other economies like China, th

Doha: A week after they began and before the ministers of more than 190 countries arrive in the Qatar capital on Monday, the UN climate negotiations are set to lock the countries into a low ambitio

DOHA(QATAR): An area of Arctic sea ice bigger than the United States melted this year, according the UN weather agency, which said the dramatic decline illustrates that climate change is happening