The West Asia conflict highlights India’s energy vulnerabilities, presenting a prime chance for crucial sector reforms, according to Axis Bank Chief Economist Neelkanth Mishra. He stressed the need for correct energy pricing to fuel growth, noting industry faces the world’s most expensive electricity. Mishra urged reforms to boost efficiency and prevent rupee depreciation, citing Japan’s…
Two empty supertankers turned back from the Strait of Hormuz at the last moment as US-Iran peace talks in Islamabad collapsed, highlighting ongoing risks in the key oil route. A third vessel was able to pass through, though the reasons for the differing outcomes remain unclear despite prior Iranian approvals.
Iran denied a US claim that two Navy destroyers passed through the Strait of Hormuz, saying control over vessel movement lies with its armed forces. The strait, a key global energy route, has emerged as a major issue in ongoing US-Iran talks in Islamabad.
Construction of Bhutan’s Punatsangchhu-I hydropower project has restarted after a seven-year halt. India is providing financial support for the 1,200-MW project. Dam work commenced following a ceremony attended by Indian and Bhutanese ministers. The project faced delays due to technical issues and slope stabilization needs.
The Indian LPG carrier Jag Vikram has successfully navigated the Strait of Hormuz. This marks a significant transit for an India-flagged vessel following a US-Iran ceasefire. While Jag Vikram carries vital LPG supplies, other Indian ships remain in the Persian Gulf. Talks are ongoing to ensure safer passage for all. Domestic LPG supplies are stable…
India has significantly increased export duties on diesel and aviation turbine fuel. This move aims to boost government revenue and ensure sufficient domestic fuel supply. The export duty on diesel now stands at ₹55.50 per litre, and on ATF at ₹42 per litre. These changes are a response to rising global crude oil prices following…
The Indian government has significantly increased export duties on diesel and aviation turbine fuel. This move aims to boost government revenue amidst fiscal challenges. The export duty on diesel has risen substantially, and a similar increase has been applied to aviation turbine fuel. Export duties on petrol remain unchanged. These changes are effective immediately.
India-flagged LPG carrier Jag Vikram has successfully crossed the Strait of Hormuz. This marks a significant transit post the US-Iran ceasefire. The vessel carries a substantial LPG load and is en route to Mumbai. While traffic through the strait is yet to fully recover, this event signals a step towards normalcy. LPG supplies to Indian…
Haryana power distribution companies have asked the Haryana Electricity Regulatory Commission for rule changes. They want to defer monthly fuel surcharge recovery. Instead, they propose recovering the amount in later financial years. This aims to balance utility finances and consumer interests. The Commission is seeking public feedback before a final decision.