Pandemic-hit government finances gets crude rescue, oil import bill to fall
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Revenue constrained govt may push oil PSUs short on FY21 capex to pay higher dividend
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Nepal to kickstart overseas participation on Indian power exchanges
Sun, Dec 20 2020 12:46:20 PM
By Subhash Narayan
New Delhi, Dec 20 (IANS): Indian power exchanges may soon host buyers and sellers from neighbouring countries as India looks to operationalise cross-border sale and purchase of electricity for which regulations were finalised last year.
As per the plan, power producers from neighbouring Nepal would be the first to get access to Indian power exchanges through a power trader to undertake both short term and long term power sale contracts.
Sources said that initial talks for cross border participation of Nepalese power producers on Indian exchanges has already been concluded and the Joint Steering Committee (JSC) on cooperation in the power sector between the two countries will finalise the details of participation with regard to rules and regulations and creation of infrastructure to support the initiative.
Government s greed for revenue keeps petrol, diesel prices close to all-time high levels
Wed, Dec 16 2020 05:23:40 PM
By Subhash Narayan
New Delhi, Dec 16 (IANS): Oil companies may have provided relief to consumers by keeping the pump prices of petrol and diesel static for the past nine days even on rising global oil prices, but it is the heavy load of taxes that has kept the two auto fuels price closer to all-time high levels now with the pandemic-affected revenue stream preventing the government from considering a duty cut.
Taxes and duties now account for 62.5 per cent of the retail price of petrol and 57.77 per cent of the retail price of diesel in the capital at the current level of pump prices.