PM Modi Announces $67 Billion Investments in India's Gas Sector

PM's Gati Shakti Boosts Social Security

Prime Minister Narendra Modi's Gati Shakti initiative is poised to significantly contribute to expanding social security through the development of urban infrastructure. This ambitious project aims to bolster connectivity and accessibility, laying the foundation for inclusive growth and improved quality of life across India.

Gati Shakti, launched by PM Modi, focuses on enhancing connectivity through integrated planning and coordination among various infrastructure sectors. By prioritising urban infrastructure development, the initiative aims to address key challenges related to mobilit..

Modi govt's solar plan faces three major obstacles

Lakshmi Narayan recounted how he had been among the first to embrace solar energy back in 2020. He recalled the decision to install solar panels on his roof in Bhopal, a city in India, driven by his wish to contribute to the shift away from fossil fuels toward cleaner energy sources.

Expressing his perspective, Narayan, now 60 years old, explained, "I recognized the significance of renewable energy and felt it should be adopted universally." He mentioned how his initiative had inspired others in the capital of Madhya Pradesh, prompting them to follow suit.

A new government init..

RBI's new rules could disrupt Modi's key economic plan

The Reserve Bank of India is considering enforcing a rule that may dampen the spirits of India?s capital expenditure momentum, a highlight of the tenure of the Narendra Modi government at the Centre.

It has been reported that the RBI has issued draft guidelines asking lenders in India to increase their provisioning for infrastructure projects which are under construction and to ensure strict monitoring of any emerging stress.

Provisioning essentially involves lenders allocating a specific portion of their balance sheets as reserves to cover expected future losses.

Howev..

IOCL, BPCL, HPCL report Rs 810 bn profit in FY24

The state-owned fuel retailers Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation Ltd announced substantial profits totalling around Rs 810 billion in FY24, significantly surpassing their earnings in years prior to the oil crisis. According to regulatory filings, their combined standalone net profit from April 2023 to March 2024 (FY24) exceeded their annual earnings of Rs 393.56 billion in pre-oil crisis years.

It was reported by them that all three companies achieved their highest-ever standalone as well as consolidated net profit in FY24.

Rodney Smith Named General Counsel of Cairn Oil and Gas

Cairn Oil and Gas, a leading player in the oil and gas sector, has appointed Rodney Smith as its General Counsel. Smith brings a wealth of legal expertise and industry experience to his new role, where he will oversee legal affairs and provide strategic guidance to Cairn Oil and Gas.

With a distinguished career spanning several decades, Smith has held various senior legal positions in renowned organizations within the oil and gas industry. His deep understanding of legal frameworks and regulations, coupled with his leadership acumen, positions him as a valuable addition to Cairn Oil and..