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egNEW DELHI: Germany is the global leader in energy efficiency while ageing power plants and inefficient ways of electricity generation and industrial practices put India at number 11 in the latest energy efficiency ranking of the world’s 16 largest economies.

 

The United States, having second highest per capita energy consumption in the world, comes at the 13th position — behind countries such as China, France, Japan, UK, Canada and Australia among others.

 

Besides the US, four other countries — South Korea, Russia, Brazil and Mexico — are below India in terms of indulging in inefficient ways of energy consumption.

 

Per-capital energy consumption of all these countries is, however, much

ogMUMBAI: As states governments add layers of taxes on fuel, disparity in petrol and diesel prices across the country has reached as high as 35%, spawning a new mafia that profits by sourcing cheap and selling high

 

Ever wondered why you have to shell more if you refill at a petrol pump in Thane, just a few kilometers away from your regular fuel station in Navi Mumbai. Or why the fuel costs less outside city limits.

 

Well, if you thought differential of a few bucks across suburbs was too high, here’s a shocker: it is way too high, as much as almost 35%, when compared among states, and is widening with every price increase.

 

This is because some state governments are adding multitude of taxes an

defNew Delhi: Global defence equipment majors such as BAE Systems and Lockheed Martin could set up manufacturing units in India and bring in foreign direct investment (FDI) exceeding 49 per cent, provided the company’s chief executive officer (CEO) is Indian.

 

As the objective was to let only serious players enter the market, the defence FDI policy approved by the Cabinet on Wednesday categorically stated investee companies should be self-sufficient in product designing and have maintenance and life cycle support facilities for the products they manufactured here, said a senior department of industrial policy and promotion (DIPP) official.

 

The Union Cabinet had approved an increase in the composite foreign investme

The U.S. is considering airdrops of aid for thousands of refugees driven from their homes by Islamist militants in Iraq, and possible airstrikes against the insurgents, according to a defense official. Aircraft dropping food and other humanitarian supplies to the refugees would be accompanied by military planes, the official said, asking not to be identified because discussions are private. If the insurgents target the planes, the U.S. […]

Energy companies are taking their controversial fracking operations from the land to the sea — to deep waters off the U.S., South American and African coasts. Cracking rocks underground to allow oil and gas to flow more freely into wells has grown into one of the most lucrative industry practices of the past century. The technique is also widely condemned as a source of groundwater contamination. The […]

inNEW DELHI: Through a quick series of notifications, the Union environment ministry has eased rules for mining, roads, power and irrigation projects and other industrial sectors. It has diluted a host of regulations related to environment, forest and tribal rights. Besides, sources in the ministry say, more changes in regulations are in the pipeline.

 

Environment Minister Prakash Javadekar had earlier done away with the requirement of public hearing for coal mines below 16 million tonnes per annum (mtpa) wishing to expand output by up to 50 per cent. This has now been extended to mines above 16 mtpa, permitting them to mine up to five mtpa more without consulting affected people. Public hearings, the only occasion when affected people are

egNEW DELHI: The government will bring a Bill, amending the Central Electricity Act, in winter session of Parliament to improve the tariff policy and regulations in the power sector. The power ministry is working out different tariff structure for different times of the day for easy availability of power for maximum hours in electricity deficit areas. It will soon consult states over the issue as the tariff matter comes under the states’ domain.

 

Besides, the government has decided to promote domestic power companies to help increase solar power generation in the country. Announcing these decisions in Rajya Sabha, power minister Piyush Goyal said the government will allow only 100% indigenous domestic companies to participate in the

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ogMUMBAI: The Adani Group and Indian Oil Corporation are in talks to build a Rs 30,000-crore joint venture refinery at Mundra, which would give Gautam Adani an entry into the oil sector while the state-run company would get land port facilities for the proposed export-focused unit.

 

The proposed 30-million-tonne refinery at Mundra will make Prime Minister Narendra Modi’s native state, Gujarat, a bigger energy hub. It already has refineries of Reliance Industries, Essar Oil and Indian Oil, apart from two LNG terminals and the country’s biggest city-gas distribution network.

 

Industry sources said Gautam Adani has held initial talks with top executives at IOC and offered around 3,500-4,000 acres of land for th

defNEW DELHI: The Obama administration will push for the stalled mega deals for M-777 ultra-light howitzers and Javelin anti-tank guided missiles (ATGMs) when US defence secretary Chuck Hagel comes visiting from Thursday.

 

There will be talks on ways to further bolster the already expansive strategic partnership, ranging from sharing of intelligence and cooperation on counter-terrorism to joint combat exercises, but the cornerstone will remain the US offer to provide India with “ground-breaking” weapon technology on par with its closest allies.

 

Having bagged defence deals worth over $10 billion over the last decade, the US is obviously hungry for more. Of the different co-development and co-prod

inThe finance ministry is likely to put out a note soon, detailing its road map to capitalise state-run lenders while explicitly stating the government’s intent to maintain control over public sector banks with at least 52% stake.

 

This marks a shift from the previous UPA government’s decision to keep 58% shareholding in state-run banks. It is in keeping with the Narendra Modi-led government’s stand articulated in the Budget 2014-15 that it would encourage banks to raise capital from the market.

 

The government will push banks this way to the point of its own stake falling to 52%, to reduce reliance on the budget.

 

It has set aside only Rs 11,200 crore for bank capitalisation this f

fsNEW DELHI: The central government’s worries on the Insurance Bill aggravated on Tuesday with Congress accusing it of adopting double standards on the issue and dismissing threats from the treasury benches that a joint session may be convened, forcing BJP ministers to knock on the doors of parties like SP and BSP to muster the numbers in the Rajya Sabha. Congress sources maintained the government was reportedly keen on passing the insurance bill in Parliament in this session so that Prime Minister Narendra Modi can showcase it to the US during his visit in September and hence wants to hurry through the process without sending it to a select committee of the Rajya Sabha. BJP leaders, on the other hand, alleged Congress was playing politics on

egNEW DELHI: The power ministry plans to create a fund to provide long-term finances to hydropower developers, and aims to play an active role in resolving state level sues that are blocking such projects.

 

“Hydropower did not get the desired attention as concerned ministries and departments were working in silos, and problems with states and central authorities could be resolved.

 

However, the new government is working in tandem as a team and we are hopeful to resolve pending issues to give conducive environment to hydropower sector,” power, coal and renewable energy minister Piyush Goyal said on Tuesday.

 

He said one of his first projects Prime Minister Narendra Modi inaugurated was the

ogJAIPUR: The Rajasthan government while censuring previous Congress government for ignoring state’s interests while signing memorandum of understanding (MoU) with Hindustan Petroleum Corporation Limited (HPCL), has banked on the HPCL’s own consulting firm, SBI Caps’ report.

 

Chief minister, Vasundhara Raje, during her budget speech, said that based on appraisal report, the project will earn revenue of more than 68,000 crore within 15 years, from the day of production.

 

According to government officials, the data was cited from the report prepared by HPCL-appointed consulting firm, SBI Caps. Riding on these figures, the government is firming its stand on renegotiating the terms. “These facts came

Mumbai’s towering billboards, which hawk everything from the latest Bollywood movies to soda, block out more than some sunlight. They’re also a physical hurdle preventing Air India Ltd. from reaching its potential on what should be one of its most lucrative routes. The height of billboards near India’s financial hub means the Boeing 777-300ER jets the carrier uses for non-stop flights to Newark, New Jersey, near New […]

|By TAP Staff| The world’s most expensive recreational vehicle (RV) was recently sold in Dubai. The 40-foot-long EleMMent Palazzo from Austrian company Marchi Mobile changed hands for around $3 million, luxury and performance automotive website Motor Authority reported. The EleMMent Palazzo looks like an alien spacecraft, or perhaps two different vehicles fused together by some mishap involving tampering with the spacetime continuum. At least it’s covered in […]

fsNew Delhi: Finance Minister Arun Jaitley on Monday said the government was open to accommodating minor modifications to the Insurance Laws (Amendment) Bill, 2008, so that it could be passed in the current session of Parliament. He also said calling a joint session of Parliament was a real option if the Bill was defeated in one of the Houses. After an all-party meeting failed to break the deadlock on the issue between the government and Opposition, Jaitley on Monday reached out to the Congress. But the Congress continued to insist the Bill be sent to a select committee of Parliament, as it now was much changed from the one the United Progressive Alliance (UPA) government had tabled in the Rajya Sabha. The party added it would be willing to support the legisl

ogNEW DELHI: In a move aimed at ensuring India’s energy security, the Narendra Modi-led government plans to import huge volumes of natural gas from Russia. The Centre is working out the contours of a $40-billion (Rs 2.4 lakh-crore) mega onland pipeline project carrying gas from Russia to India, in one of India’s biggest energy projects till date.

 

Top government officials told HT that the move follows Prime Minister Narendra Modi’s recent meeting with Russian President Vladimir Putin in Brazil on the sidelines of the Brics summit.

 

The Prime Minister’s Office (PMO) along with the ministry of petroleum and natural gas are preparing a blueprint to examine the feasibility of this new project, they added.

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Video | Cease-Fires of the Gaza-Israel Conflict With the Israeli Army now moving into defensive positions, a historical look at how the fighting could end. By MARK LANDLER August 4, 2014 WASHINGTON — When the State Department condemned Israel’s strike on a United Nations school in Gaza on Sunday, saying it was “appalled” by this “disgraceful” act, it gave full vent to what has been weeks of mounting American […]

Op-Ed Contributor Eight Days in Gaza: A Wartime Diary By ATEF ABU SAIF August 4, 2014 Sunday, July 27 For the last two hours we’ve heard nothing but sonic booms and the sound of rockets and mortars. Shells have fallen on our street a few hundred yards from my father-in-law’s house, where my wife and I, and our five kids, are staying, and on the street behind us. My wife, […]

Abdul Rahman Qayed’s hands are smooth for a man who works in the construction trade. The reason, he says, is simple. For much of the past 28 years they’ve been covered in clay. Along with the date palm, coral stone, gypsum and straw, clay is one of the key materials with which Abdul Rahman, 52, and his 58-year-old brother, Mohammed Saleh, ply their trade. “We use the […]

|TAP Special| Inflows from BRIC countries, including India and China, into the UAE have surpassed those from the Middle East and Africa region and India leads the other BRIC countries in this respect. According to a report of the Fortress Investments, the UAE is attracting significant capital from the BRIC countries and this is the result of progressive government measures and global partnerships. This significant revelation comes […]

China is poised to allow more private companies to directly import oil, a move that will have only a marginal impact on crude markets but may have a disproportionate impact on fuel oil prices. The vast majority of China’s crude imports come via the two state giants, PetroChina and Sinopec , which account for about 90 percent of the imports of the world’s second-largest oil user. Last […]

Photo: STEFAN ROUSSEAU/PA As they head for their holidays, senior Conservatives are beginning to worry that they are failing to benefit fully from Britain’s economic recovery. Recent months have seen a succession of good news stories, with growth well established, living standards no longer falling and predictions of future performance regularly upgraded. Yet the Tories seem unable to overturn Labour’s narrow lead. The table below illustrates what […]

inThe government is proposing a major overhaul of its foreign direct investment (FDI) policy as part of the Narendra Modi-led administration’s plan to woo overseas investors and improve ease of doing business in India, which ranks at a lowly 134 out of 189 global economies in this respect, according to the World Bank.

 

The government is looking to adopt the international practice of linking policy with industrial codes to ensure foreign investors won’t have to wade through complicated press notes or circulars to decipher the policy for a sector.

 

“Discussions are on. There is merit in seeding the industrial codes with the FDI policy,” said a government official aware of the deliberations. The mov

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