India’s energy landscape will see a drastic change only if there is an enhanced focus on developing a robust pipeline network, creation of suitable infrastructure and adequate support in terms of favourable policies being introduced at an accelerated pace writes DR. RC MANSUKHANI.

L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of engineering, procurement and construction (EPC) projects to defence multinational, Larsen & Toubro, has secured a contract from Oil & Natural Gas Corporation (ONGC) for their new living quarter (LQ) & Revamp at NQ Complex (NLRNC- RT2) project at Mumbai High.

The country’s largest iron ore producing company, the National Mineral Development Corp. (NMDC) Ltd signed a memorandum of understanding (MoU) with the Mineral Exploration Corp. Ltd (MECL) to collaborate and conduct exploration in mutually agreed projects for iron ore, gold, coal, diamond and other minerals across various states.

India, the world’s largest democracy, will usher in the diamond jubilee celebrations of Independence from British colonial rule with a new Sansad Bhawan or Parliament House in 2022.

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) voted unanimously to leave the policy repo rate unchanged at 4 per cent. At the same time, the marginal standing facility and bank rate also remained unchanged at 4.25 per cent, while the reverse repo rate too remained unchanged at 3.35 per cent.

Minister of State for Steel, Faggan Singh Kulaste has said that the secondary steel sector will play an important role in achieving the 300 million tonne (MT) target of steel capacity by 2030-31, as laid out in the National Steel Policy-2017.

In the present pandemic times when the headwinds to growth have exacerbated, the reform momentum has continued, and will continue in the future as well, said Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman while addressing the National MNCs Conference 2020 organised by the Confederation of Indian Industry (CII) in New Delhi on Monday.

Union Minister of Road Transport and Highways & Micro, Small and Medium Enterprises (MSME), Nitin Gadkari on Monday said that the Central Government was aiming at creating core global competencies in India by facilitating the seamless integration of the local automotive industry with the world. In this direction, it was attempting to create an ecosystem to accelerate the uptake of electric vehicles in the country.

Union Finance Minister Nirmala Sitharaman has announced 12 key measures as part of the Central Government’s stimulus to the economy under Aatmanirbhar Bharat 3.0.