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NEW DELHI: Delivering a breather for telecom operators and brickbats for the government, the Supreme Court on Tuesday extended its earlier deadline of June 2 to conduct 2G spectrum auctions by three months while rejecting the government’s request for 400 days. Auctions will now be conducted by August 31...
From P. Sreekumaran THIRUVANANTHAPURAM: Change is the only constant in life. The Communist Party of India (Marxist) has realized this albeit a bit late in the day. It is a welcome realization of this basic fact of life that has induced the CPI(M) to evolve an Indian model of...
By Narendra Sharma NEW DELHI: The problem of Child Labour in India is neither easy to comprehend nor easy of solution. Poverty compels families to yoke also their children to work. Employers misuse children without any fear or hesitation and poverty of law even encourages them to do so....
The BSE Sensex traded near the day’s high in the post noon session. At 12.32 pm, it traded 104 points or 0.6% higher at 17,200 while the broader Nifty index advanced 23 points to 5,223. The IT index on the BSE soared 4.5%, entirely on account of the outperformance...
New Delhi: The countdown to the President poll has begun with the Congress facing testing times and struggling to get the numbers in the Rajya Sabha. While the Samajwadi Party is pitching for Dr APJ Abdul Kalam, the NCP wants an apolitical candidate. A worried Congress has now said...
New Delhi: Some firework in expected in Parliament by the Bharatiya Janata Party (BJP) on the CD row on Monday as the House reconvenes for the second part of the Budget session. The government is planning to bring in three key finance sector reforms – the Pension Regulatory Bill,...
New Delhi: Just days after India successfully test fired its first Inter Continental Ballistic Missile (ICBM), Agni-V, Pakistan has said that it plans to conduct a long-range missile test. The neighbour has informed India that it plans to conduct a long-range missile test in the Indian Ocean over the...
New Delhi: In a politically and economically crucial and bold decision the government on Tuesday informed Parliament that it was willing to decontrol diesel prices. The government in a written reply told the Rajya Sabha that the decision to decontrol diesel prices has been taken in principle. However, the...
NEW DELHI: A regulatory panel has allowed Reliance Industries to carry out surveys on 12 satellite fields in the deep water D6 block in the east coast, subject to the condition that this expense would become eligible for recovery only if a subsequent field development plan is approved by...
NEW DELHI: The directorate general of hydrocarbons (DGH) has endorsed Reliance Industries’ pricing formula for coal bed methane (CBM) from its Madhya Pradesh blocks but raised two queries that could further delay the pricing approval. Reliance had invited price bids from potential CBM customers. The oil ministry has to...
NEW DELHI: India has requested Qatar for immediate supply of 3 million tonne of LNG to India to be imported by Petronet LNG Ltd and GAIL. The requested amount will increase to 15 million tonnes in the next 3-4 years, commerce and industry minister Anand Sharma said in a...
IGL has run afoul of the industry’s regulator because it refuses to disclose vital numbers used to compute the price charged to the end-user NEW DELHI: Indraprastha Gas Ltd, or IGL, was sitting pretty with a monopoly over the sale of compressed natural gas (CNG) and piped natural gas...
NEW DELHI: Getting Government approvals is never easy, even though the energy behemoth, Reliance Industries, had managed to crack the process better than most corporates. On Friday, though, the company hit some unexpected red tape in the Capital, even as its top management was trying to allay investor worries...
SINGAPORE: Brent crude was steady under $119 a barrel on Tuesday as fears over the health of the euro zone economies and political uncertainty countered worries over a production stoppage in the North Sea and potential supply disruptions from Iran. The euro zone economy remains in dire straits, with...
NEW DELHI: The government has put on hold its plan to levy duty on import of power equipment by all developers to protect the interest of domestic firms, such as BHEL and L&T. A note proposing a 5% customs duty on electrical equipment imported by mega power projects was...
KOLKATA: Power exchanges will have to sell power at low prices since state distribution companies will not be able to purchase high-priced power, Central Electricity Regulatory Commission (CERC) chairman Pramod Deo said on Monday. Deo, at an interactive session organised by the Merchants’ Chamber of Commerce, said power has...
KOLKATA: The Chairman of Central Electricity Regulatory Commission, Dr Pramod Deo, today said the merchant power tariff may increase this summer. This is largely because of the rise in fuel costs. “We are monitoring the merchant tariff. The tariff is showing a tendency to move up when compared to...
MUMBAI: The Union Ministry of Environment and Forests (MoEF) has accepted coal-based power producers’ demand for a parallel processing of environment and forest clearances, instead of sequential clearances. This would help power producers secure these clearances early. The MoEF’s decision, made last week, is expected to fast-track clearances to...