New Delhi With the uncertainty over assured coal supply from domestic sources rising, private power companies have started pushing for changes in existing tariff bidding guidelines so that they can pass on any increase in fuel costs to electricity buyers. Currently, developers cannot pass on any increase in coal prices …
Two major events happening at two ends of the world—Japan’s natural disaster and nuclear fallout and unrest in Libya and other countries of the region—have one thing in common. Energy. The fallout from the Fukushima Daiichi nuclear plant, hit by earthquake and then the tsunami, has not yet been contained. …
As I write this piece, the finance minister has dispatched the Union Budget 2011. The press is busy reflecting the views of business and industry lobbies, as they quibble over duty exemptions, insist on financial stimulus and other incentives, and cry for big-ticket reform—foreign direct investment in retail and insurance. …
Pre-budget discussions on misuse of subsidised diesel in cars has hit a crescendo. Public angst has already brought this to a boil. Political ire is also sharper this year, with Union environment minister Jairam Ramesh condemning the use of subsidised diesel in luxury SUVs as “criminal”. Will the Union Budget …
An analysis of the Union Budget 2010-11 must take account of the fact that while expenditure on infrastructure is geared primarily towards meeting the long-term development needs of the business community, social welfare expenditure merely serves the purpose of immediate political gains of the parties in power.
Centre for Science and Environment blasts Kirit Parikh panel report on petroleum pricing that fails to offer effective solution to halt misuse of under-taxed diesel by rich car owners. Additional excise duty of a mere Rs 81,000 on diesel cars to equalise the excise tax burden on petrol car proposed …
China's water and energy price reform began in the late 1978 after running large-scale interventions in pricing system for long time then has a gradually deep influence on consumer's behaviors. The main objective of this paper is to empirically examine Chinese consumer reactions as a response to the introductions of …
Higher petrol and food prices have pushed Australia's annual inflation rate above 4% for the second consecutive month, putting it well above the Reserve Bank of Australia's target, a survey shows. Inflation in the year to March posted consecutive rises at 4% or above for the first time since the …
Nagarjuna Fertilisers and Chemicals Ltd (NFCL) has completely exited from the inter-State mega power project under construction in Udupi, Karnataka, selling its 26 per cent stake to the Lanco group. NFCL officials, when contacted, confirmed the exit. The officials said, "There was no premium involved in the divestment as the …
The surge in the price of energy couldn't come at a worse time. The average price of regular gasoline in the United States has shot up to a record $3.28 a gallon. Combine that with the collapse of the housing market and the seizure of the financial sector, and it …
PetroChina faces the prospect of losing about $18bn on its refining business if the price of crude oil remains at its present level, its chairman suggested on Wednesday. Chinese refiners have been unable to pass soaring oil prices on to consumers because the government imposes price controls on petrol and …
