government policy

India Pharma Poised to Lead Global Biologics Boom as Government Unveils Mega Initiatives New Delhi, Apr 13 India is strategically positioned to assume a leading role in the rapidly evolving global pharmaceutical landscape. With the industry shifting focus towards biologics, biosimilars, and...

New Delhi, April 11 – The Centre on Saturday increased excise duties on petroleum products, including high-speed diesel, with immediate effect, according to a notification issued by the Ministry of Finance.The Union government has hiked the export duty or windfall tax on diesel by Rs 34 per...

New Delhi, April 11 The government on Saturday increased the export duty, or windfall tax, on diesel to Rs 55.5 per litre and on aviation fuel ATF to Rs 42 per litre.The duty hike will be effective immediately, the finance ministry said in a notification.The government had, on March 26...

New Delhi, April 10 India will postpone maintenance shutdowns at thermal power plants and operationalize additional capacity to ensure around 10,000 MW of extra supply during peak summer demand, the Ministry of Power said on Friday, as it moves to strengthen short-term electricity availability...

New Delhi, April 7 The government is exploring options, including the issuance of preference shares or fresh equity, to maintain a 51% stake in the state-owned Power Finance Corporation after its merger with REC, a senior official said.Finance Minister Nirmala Sitharaman had announced the...

New Delhi, April 7 – The Centre has decided to double the daily allocation of 5-kg free trade LPG (FTL) cylinders available for distribution to migrant labourers across states, according to an official communication.The Petroleum Ministry said in a notification that the enhanced allocation...

South Korea Targets 20% Renewable Energy by 2030 Amid Global Energy Concerns Seoul, April 6 – In a major push to reduce its heavy reliance on energy imports and meet the surging power demand driven by advanced industries, South Korea has set ambitious goals for its energy sector. The Ministry of...

New Delhi, April 4 The government on Saturday urged citizens to avoid panic buying of petrol, diesel, and LPG, saying fuel supplies remain adequate despite disruptions linked to the closure of the Strait of Hormuz.The Ministry of Petroleum and Natural Gas said the government is taking...

Islamabad, April 3 Pakistan has announced an unprecedented increase of 43 percent and 55 percent in the prices of petrol and high-speed diesel (HSD), respectively, in response to soaring global oil prices amid the US-Israel war on Iran.The government made the announcement on Thursday. The...

New Delhi, April 3 The government held discussions on Friday about measures to encourage companies to increase production of induction heaters and cookware amid rising demand for these products due to the West Asia crisis, an official said.The crisis has disrupted the movement of ships...

New Delhi, April 1 SpiceJet Chairman and Managing Director Ajay Singh said on Wednesday that the government's decision to allow only a partial increase in jet fuel prices would be a significant relief for the country's aviation industry at a time of unprecedented global uncertainty.Public...

New Delhi, March 31 Union Minister Jitendra Singh met a delegation of postal employees and representatives from their unions on Tuesday to discuss various issues, including cadre restructuring and pension-related matters.The minister conveyed that the issues raised would be taken up with the...

New Delhi, March 31 India added more than 3.1 lakh new piped natural gas (PNG) connections in March, and another 2.7 lakh connections were issued as the government accelerated the expansion of cleaner fuel networks amid supply disruptions following the closure of the Strait of Hormuz.With the...

New Delhi, March 31 The government has cancelled the auction of 11 critical and strategic mineral blocks which were put up for sale in the sixth round due to poor investor response and a lack of qualified bidders.This development comes as a setback to the government's efforts to increase...

Colombo, March 31 Sri Lanka has decided to increase electricity prices, effective April 1, the power authorities said.The Chairman of the Public Utilities Commission of Sri Lanka (PUCSL), KPL Chandralal, said on Monday that the state-owned electricity entity, the Ceylon Electricity Board...

Bank Locker Insurance Coverage Set at 100 Times Annual Rent New Delhi, March 30 – The standard insurance coverage for bank locker holders is set at 100 times the annual locker rent in case of any loss, according to Finance Minister Nirmala Sitharaman.Standard Insurance Policy Details The...

India Seeks Inclusive, Economically Sustainable Electric Mobility Transition New Delhi, March 30 – India’s transition to electric mobility must be inclusive and economically sustainable, with a focus on affordability and scalability across both urban and rural markets, Union Minister HD...

Government Reintroduces PDS Kerosene for 60 Days to Ease LPG Pressure Emergency Allocation Announced for States and Union Territories New Delhi, March 30: The central government has announced an ad-hoc allocation of Public Distribution System (PDS) kerosene to states and union territories for...

Himachal Fuel Dealers Oppose Petrol, Diesel Cess, Warn of Sales Decline Bilaspur (HP), March 29: The Himachal Pradesh Petroleum Dealers Association has strongly opposed the state government’s decision to impose a cess on petrol and diesel, calling the move “unjustified” and cautioning that it...

India’s Supply Chains Remain Stable Amid West Asia Tensions, Says CAIT Adequate Stock of Essentials, No Cause for Concern New Delhi, March 29: India’s supply chain ecosystem continues to remain stable and resilient despite rising geopolitical tensions in West Asia, the Confederation of All India...