Angola could become India

Finnish clean technology companies, which have joined forces within a common CleanTech Finland brand, see significant opportunities for Indian companies to participate in the programme.

Fuel price rise in June brings down subsidy burden by 45%.

In what will enhance the financial performance of upstream oil companies, the subsidy burden on Oil and Natural Gas Corporation (ONGC), Oil India Ltd (OIL) and GAIL Ltd has decreased by 45 per cent in a single quarter thanks to the June fuel price rises.

The government uses a one-third burden sharing formula.

PETROL and diesel have become costlier by up to 50 paise a litre in the country, barring 13 cities, after India switched over to cleaner Euro-III fuel on September 22, eight days ahead of the schedule.

The transition to a higher grade fuel will also mark the end of the road for Euro-II compliant automobiles in the country from October 1, leading to a 2-5% increase in the prices of certain bra

DULIAJAN, Sept 6

THE Organization of the Petroleum Exporting Countries (Opec) claims on its website that it sold crude oil (2004-08) worth $3,346 billion to G-7 countries, but G-7 countries got $3,418 billion by way of taxes on the price. Opec says the real villains are the governments that use petrol as a means of taxation.

Large mining projects can be salvaged from potential political controversies if the government adopts the model used in oil and gas sector for exploration of other minerals too, the Confederation of Indian Industry president Hari Bhartia has said.