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Posco needs to file fresh approval

Posco needs to file fresh approval

Steel major Posco would have to file a new proposal for setting up its $12-billion steel venture in Odisha if it wants to pursue the project.The company was sounded out at a recent meeting among officials of the Central and state governments

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Oil & Gas Stepping on the Gas

Oil & Gas Stepping on the Gas

The complete deregulation of diesel prices and the announcement of the new gas pricing formula are bound to give a fillip to the oil & gas sector in the country. Finally, the oil & gas sector has been visited by the ´reforms

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Centre, States to track projects

Centre, States to track projects

The Centre and States have decided to join force to set up a mechanism to fast-track stalled infrastructure projects. The proposed ´joint mechanism´, to be headed by Cabinet Secretary Ajit Seth

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Panel likely to bring hope for road developers

Panel likely to bring hope for road developers

The report by the C Rangarajan headed committee, set up by the Cabinet to decide on premium payments for road projects awarded in the last two-three years on a public-private partnership basis, is expected to submit its report soon.

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Cabinet to discuss shale oil and gas exploration policy

Cabinet to discuss shale oil and gas exploration policy

A top official of the Union Ministry of Petroleum & Natural Gas has stated that the ministry has finalised a shale oil and gas exploration policy, which will be tabled before the cabinet soon after the oil minister Marpadi Veerappa Moily approves it. However, in contrast to the Oil Ministry's statement, the Ministry of Environment and Forest said that exploitation of shale resources could lead to water crisis in India.

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CCEA to consider OVL, OIL proposal

CCEA to consider OVL, OIL proposal

The proposal by ONGC Videsh (OVL) and Oil India (OIL) to pick up Videocon Mauritius EnergyÂ’s 10 percent stake in MozambiqueÂ’s Rovuma 1 block is awaiting the approval of the union cabinet. The petroleum ministry moved a note before the cabinet committee on economic affairs for approval. The acquisition would be completed soon, oil minister M Veer