New Delhi: A thriving black market in kerosene, estimated at Rs 10,000 crore a year, killed additional collector Yeshwant Sonawane. A litre of kerosene sold at ration shops is often costlier than a bottle of packaged water.

With just about a month to go for Finance Minister Pranab Mukherjee to present the Budget for 2011-12, Honorary Economic Advisor to the Prime Minister of India Raghuram Rajan said the government must take a hard look at subsidies, particularly petroleum subsidies, pull back on government demand, stop expanding big programmes and definitely not launch any new ones.

With the clean technology space in India attracting major funding in 2010, more start-ups are looking at energy efficiency applications and waste management as a business model to woo investors into this space.

Anticipating rising demand for imported coal from the Indian power sector, overseas coal suppliers have started charging premium for assured coal supplies, besides reducing the normal tenure of long-term contracts from 10-15 years to 3-5 years.

The quantum of generation capacity based on 100% imported coal is rising fast in India, with developers increasingly opting for setting up plants in coa

Sale of ethanol-blended petrol has turned more profitable for the oil marketing companies (OMCs) with the recent increase in petrol prices. Their margin on a litre of ethanol has moved up from Rs 7.90 per litre to Rs 12.43 since November when blending was reintroduced.

This also helps the OMCs

Even as the government has ruled out any increase in diesel prices in the near future, it is hoping for a moderation in global crude oil prices.

Energy summit
CHANDIGARH: Chandigarh-based hydro-geologist Ritesh Arya, who holds the Guinness record for drilling the world

In what is being considered a triumph for Indian diplomacy, Japan appears to have given up most of its reservations with regard to civil nuclear cooperation with India and hopes to conclude an accord with New Delhi in this critical area very soon.

Japanese Ambassador to India Hideaki Domichi also stated today that the two countries were all set to sign a Comprehensive Economic Partnership Agree

Rising Rates, High Input Costs & Runaway Inflation Add To Auto Cos

The former Japanese Prime Minister, Yukio Hatoyama, on Monday said India and Japan were close to finalising a civil nuclear cooperation agreement.