The successfully concluded $8.48-billion Cairn-Vedanta deal has come “under cloud” following instances of serious human rights violations, default of payment, environmental damage in its mining and

Cos advised to have long-term deals with Sabine Pass and Macquarie

India has decided to make a “strategic shift” in LNG (liquefied natural gas) sourcing with a “look U.S. policy” for contracting new import volumes. This follows an analysis by the Petroleum Ministry which showed that LNG imports from the Gulf were costlier than from the U.S.

Many productive mines have come to a standstill

The aftershocks of the “policy paralysis” in the UPA II government were clearly visible on Wednesday as economic growth slipped to a disappointing 6.9 per cent in the second quarter of this fiscal,

The continued economic acrimony in the eurozone and the continued slowdown of the U.S, economy has softened the international crude oil prices, raising hopes of another petrol price cut by the oil marketing companies (OMCs) when the matter comes up for review on November 30.

With the Indian basket averaging around $107 per barrel, the petrol prices are likely to be cut by another one rupee, the second reduction this month.

‘Investments are made by RIL, its partners at their own risk'

Faced with scathing criticism from the Opposition parties and its own allies for the latest petrol price hike of Rs.

Cabinet approves landmark legislation

The Union Cabinet on Friday approved the landmark Mines and Mineral Development and Regulation (MMDR) Bill, 2011 that provides for mining companies to keep aside 26 per cent of their net profits for a Mineral Development Fund to be used for the development and rehabilitation of project-affected people in tribal areas. For the non-coal companies, the amount will be equivalent to the royalty they pay.

Oil companies blame it on rising under-recoveries and increase in international crude oil prices

The government is already working on a roadmap for the direct transfer of the kerosene subsidy to beneficiaries in the form of cash, with the intention of doing away with the current practice of supplying subsidised fuel under the public distribution system (PDS). The EGoM during its last meeting on August 8 had considered the recommendations of the Task Force on Direct Transfer of Subsidies on Kerosene, LPG and Fertilizer. It had also debated the LPG subsidy issue but had deferred a decision. A 14.2-kg LPG cylinder costs Rs. 395.35 in Delhi.