The Indian government’s expenditure on petroleum subsidy crossed 83 per cent of the allocated spending in the first six months of the current financial year (April 2018-March 2019), data from the oil ministry’s statistical arm shows. The increase was largely due to a significant rise in expansion of liquefied petroleum gas (LPG) supply to more […]
The Government has announced that it will set up 5,000 biogas plants over the next five years to boost domestic fuel supply to reduce dependence on imported oil and gas and combat pollution.
The Prime Minister’s Science Technology and Innovation Advisory Council (PM-STIAC) has recommended making it mandatory for medium and large enterprises in key sectors to set aside funds for research and development (R&D). The council expressed at the extremely poor level of R&D investment which has remained stagnant at 0.35 percent in the private sector and […]
The government plans to invest US$2 billion over the next three to five years, especially in deepwater and offshore areas, to increase its natural gas production to 60 billion cubic metre (bcm).
