MINISTRY OF NATURAL RESOURCES
‘Organic’ and ‘natural’? India’s $32 billion packaged food and beverage industry struggles with disclosures
The packaged food industry should be more upfront about the ingredients they use to make products. It is a question of public health, say experts.
Revised mining guidelines to introduce stringent steps to optimise coal extraction: Ministry
The revised mining plan guidelines aim to optimise coal extraction through stringent measures, balancing flexibility for mine owners with responsibility and accountability. The guidelines were discussed during a stakeholders' consultation with 25 coal and lignite mining companies, including PSUs and representatives from various states. The new guidelines focus on sustainable coal mining by including restoration, remediation, and regeneration measures to address environmental and community concerns.
Ministry of Coal launches India's first pilot project for underground coal gasification in Jharkhand
India's Ministry of Coal launches the first Underground Coal Gasification pilot project at Kasta coal block in Jharkhand, aiming to convert coal into valuable gases like methane and hydrogen for industrial use.
China, Pakistan agree to strengthen mining cooperation
The countries will promote investment by Chinese firms in Pakistan's mining industry, and strengthen the planning of mining industry parks, including deep processing of ores, according to the joint statement published by China's foreign ministry.
Government offers two discovered oil and gas fields, one coal bed methane block in special bidding round
DSF was launched in 2016 and since then three rounds have been held. In the first round, 67 discovered oil and gas fields that were clubbed into 46 contract areas were awarded. These fields had an inplace resource potential of 45 million tonnes of oil and oil equivalent gas.
Key Antarctica meetings begin in Kochi on May 20 under shadow of Ukraine conflict
The 46th Antarctic Treaty Consultative Meeting (ATCM) commences in Kochi, with discussions overshadowed by the Ukraine-Russia conflict, which has impacted previous deliberations. Over the next ten days, signatory nations will focus on collaborative research and sustainable resource management in Antarctica. Regulation of tourism in the continent and applications for consultative status by Belarus and Canada are also on the agenda. Russia's increased surveys for oil and gas reserves in Antarctica raise concerns among partner nations about territorial claims.
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Railways stocks: Stay bullish, just hedge a bit to avoid mistake of selling in haste: 7 outperforming railways stocks across different segments
Even the best of the rational brain can make wrong decisions when there is too much noise which gets created due to a narrative. Now for the last few days a narrative has been created that due to polls, FPI are selling. These kinds of narratives tend to hit the sector and stocks which are sitting with big gains and are dependent on government policy push. Railways was among the last sectors to get re-rated due to the policy focus. Whether it was companies which are financing the expansion of railways or private sector companies which are making coaches, all of them have done extremely well. Given the fact the railways is likely to be the focus area, the long term story remains intact. Only thing is that one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate and the sector has a long runway.
Protests in PoK consequence of Pakistan's policy of systemic plundering of resources: MEA
India asserts protests in Pakistan-occupied Kashmir due to Islamabad's systemic plundering. Affirms Jammu and Kashmir's integral part of India amid violent protests over economic crisis in PoK. Highlights Islamabad's exploitation denying local rights over resources. External Affairs Ministry condemns exploitative policies. Protests erupt in PoK over rising costs and economic crisis.
Vedanta: How an old-age biz is trying to deliver a new-age baby
The complete acquisition of AvanStrate positions Vedanta in the display panel market, with plans to build its own display glass plant in Gujarat. The company is also eyeing partnerships for a potential chip plant. Vedanta's foray into electronics manufacturing, spearheaded by Agarwal's son-in-law Akarsh K. Hebbar, aligns with its core business of metals and mining.
Govt eyes pvt-public cloud model for chip designs for easy access
This facility will provide easy access to chip and packaging designs to startups, researchers and small firms, as per the plan.
Russian President Vladimir Putin to visit China this week
Russian President Vladimir Putin will visit China this week after an invitation from Xi Jinping. Beijing's foreign ministry confirmed the trip scheduled from Thursday to Friday. This marks Putin's second visit to China in just over six months, highlighting the close ties between the two nations. The visit comes amidst a strengthened partnership following Russia's military assault on Ukraine in February. China has served as a crucial economic lifeline for Moscow amid Western sanctions.
Tea industry issues hold key in north Bengal polls
The sector is plagued by the twin blows of rising production costs and lower price realisation at the auctions, former Tea Board chairman P K Bezbaruah said. This might have thrown the planters' business and livelihood of 4.5 lakh tea garden workers into jeopardy, but political parties get an opportunity to woo them with promises.
Hydroelectric surge: India on the cusp of a significant transformation in its energy sector
India is set for a significant surge in hydroelectric power potential, with current projects aiming to boost capacity by over 50% to 67 GW by 2031-32. The Ministry of Power highlights the crucial role of favorable monsoons and snowmelt in Himalayan regions. Despite challenges, the focus remains on enhancing renewable energy capacity for a sustainable future.
India’s anti-dumping policy: Safeguarding industries or stifling growth?
A section of industry says it is time to look at the country’s anti-dumping strategy with a fresh lens. The duties sometimes favour large firms and severely impact MSMEs, choking industrial growth.
Bhutan PM on 5 day India trip on his maiden visit abroad since reelection
The Minister of Foreign Affairs and External Trade, Minister of Energy and Natural Resources, Minister for Industry, Commerce and Employment and senior officials from the Royal Government of Bhutan will accompany the Prime Minister of Bhutan.
Lamphelpat waterbody project: A majestic lake in Manipur undergoes remarkable revival
The Lamphelpat Waterbody Project in Manipur aims to develop flood risk management, water security, and socio-cultural, economic, and environmental benefits. Wetland conservation is crucial due to the decline of wetlands in the state caused by transportation of eroded soil, siltation, encroachment, urban waste dumping, and climate change. Wetlands play a vital role in maintaining ecosystem balance.
INROAD project converts nearly 70,000 hectares into natural rubber plantations in northeast in three years
In tune with the spirit of 'Atmanirbhar Bharat’, INROAD (Indian Natural Rubber Operations for Assisted Development), a project for supporting development of 2 Lakh hectares of rubber plantations in North East is being undertaken under the Ministry of Commerce & Industry.
Coal ministry to discuss with stakeholders ways to promote coal, lignite gasification projects
Coal gasification and liquefaction of 100 million tonnes will be set up by 2030, Finance Minister Nirmala Sitharaman had announced this month. In January, the government approved an outlay of Rs 8,500 crore as financial assistance for promoting coal, lignite gasification projects.
NITI, agri ministry, FAO launch investment forum for advancing climate resilient agrifood system
Delivering the keynote address at the inauguration, NITI Aayog Member Ramesh Chand emphasised on the need for awareness on how agriculture contributes to climate change, citing a contribution of a little more than 13 per cent of the total greenhouse gas emissions in the country.
ONGC seeks premium over govt price for coal seam gas
State-owned Oil and Natural Gas Corporation (ONGC) is seeking a premium over the government gas price for gas produced from coal seams in Jharkhand. Users are asked to quote a premium they are willing to pay over and above the monthly domestic natural gas price that the Oil Ministry's Petroleum Planning and Analysis Cell (PPAC) notifies.
Cabinet approves MoU between India, Guyana on cooperation in hydrocarbons
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the signing of a Memorandum of Understanding (MoU) between the Ministry of Petroleum and Natural Gas, India and the Ministry of Natural Resources, Guyana, on cooperation in the hydrocarbon sector.
2023: As India gasps for breath, NGT cracks whip to spur authorities strive for cleaner air, water
A highlight of the tribunal's directions involved restoring the pristine sanctity of rivers, many of which are venerated entities like the Ganga and Yamuna. Express orders were passed for not discharging sewage into the rivers and for protecting the floodplains. Acknowledging the pressing issue of pollution of the Ganga and its tributaries in West Bengal, Uttarakhand, Uttar Pradesh, Bihar and Jharkhand, the NGT sought a report from each district from the District Ganga Protection Committees headed by the District Magistrate across the five states.
Investing in PSUs: Risks are of a different nature and so is reward for these 45 public sector stocks
Few years back, for a PSU stock to do well there was an unwritten rule on Dalal street. Is that company a divestment candidate? If yes, then the street would look at in a positive manner otherwise it was a no go area. Nobody on the street was interested in looking at whether the company is growing at a good enough rate, what the business was, whether it had any moat or not. Over the years, as no divestment took place, interest in PSU came down. The only time there was some activity at these stocks was when dividends were announced as the yield was high in these stocks. But then all of sudden things changed. In the last nine months, PSU stocks are the new stars of Dalal street. Will 2024 see the continuation of this trend ?
Iran's ancient 'wind catchers' beat the heat naturally
Yazd, an ancient city in Iran's desert, is known for its tall wind catchers that provide natural cooling without electricity or emissions. These architectural wonders, called badgirs, have been used for centuries to cool the city's dwellings. Yazd's bioclimatic architecture and underground aqueducts, known as qanats, have attracted interest as sustainable solutions. UNESCO has recognized Yazd as a World Heritage Site for its intelligent use of limited resources. However, these traditional architectural methods have been overshadowed by modern construction and the use of energy-intensive materials.
New Finance Commission may tweak formula; SDGs, climate could get more weight
The government is currently finalising the terms of reference for the 16th Finance Commission, which is likely to be set up shortly. The commission may also be asked to look at the conditions attached to fiscal transfers to urban and rural local bodies, to ensure that the funds are effectively utilised, a senior official aware of the discussions told ET.
India seeks more natural gas amid emergency measures to end blackouts
In a bid to stop the electricity outages, the Indian government wants additional volumes of natural gas and has asked utilities to expedite completion of power plant maintenance. India's power demand has been growing rapidly, with strong economic growth boosting demand from factories and the summer heat increasing household consumption.
Russia's Indo-Pacific outreach from Japan to India
Russia has been keen on a bigger presence by India in the resource-rich Far East where Beijing is even making territorial claims. Moscow and New Delhi are also discussing the possibility of launching a trans-Arctic container shipping line and processing facilities along the Northern Sea Route (NSR), according to the Russian minister for the development of the Far East and Arctic, Aleksey Chekunkov.
Pakistan’s blame game to seek concessions from India on Indus Water Treaty
While attending recently concluded ‘UN 2023 Water Conference’, Hasan Nisar Jamy, Pakistan’s Water Resources Ministry Secretary stated, “Indus Water Treaty (IWT), which governs sharing of the Indus basin’s waters, is one example of such successful cooperation, which provides an effective mechanism for cooperation and management on water issues.”
Nick Walker is new CEO of Vedanta Cairn Oil and Gas
Vedanta's Cairn Oil & Gas on Thursday announced the appointment of Nick Walker as the new chief executive officer (CEO) of the company. In a statement, the company said the appointment is effective January 5.
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