New Delhi, April 2 (IANS) The government has decided to provide full customs duty exemption on critical petrochemical products till June 30, 2026, amid the ongoing conflict in West Asia and the consequent disruptions in global supply chains, Finance Ministry said on Thursday.The measure, said the ministry in a statement, has been taken as a temporary and targeted relief in order to ensure continued availability of critical petrochemical inputs for domestic industry, reduce cost pressures on down…
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Seoul, March 24 (IANS) South Korea President Lee Jae Myung on Tuesday called on the government to preemptively implement an emergency response system to cope with concerns about the supply of oil and gas, as the US-Israeli war with Iran has dragged on and disruptions of global energy markets have continued.Speaking at a Cabinet meeting, Lee also asked for the swift passage of an extra budget to help small and medium-sized firms and vulnerable households hit by a surge in energy prices.”Petrochem…
Seoul, March 13 (IANS) South Korea’s Industry Minister Kim Jung-kwan said Friday the government’s fuel price cap system is already showing signs of stabilising prices less than a day after taking effect. Kim held a meeting with officials from South Korean oil refineries, gas stations and the Korea National Oil Corporation to review the domestic energy markets on the first day of the fuel price cap system’s implementation, Yonhap News Agency reported. The temporary cap system took effect at midni…
Kochi, March 11 (IANS) Prime Minister Narendra Modi on Wednesday dedicated to the nation, inaugurated and laid the foundation stone for multiple development projects worth around Rs 10,800 crore in Kochi, marking a major push to infrastructure, energy and industrial growth in Kerala.Speaking after inaugurating the projects in Ernakulam, the Prime Minister said the initiatives together valued at nearly Rs 11,000 crore were being offered “with humility” to the people of Kerala and would help a…
New Delhi, Jan 27 (IANS) Prime Minister Narendra Modi on Tuesday said that India’s energy sector offers investment opportunities worth 500 billion dollars as he urged global oil and gas majors to “Make in India, Innovate in India, Scale with India, Invest in India.”Addressing the India Energy Week 2026, via video conferencing, being attended by representatives from nearly 125 countries in Goa, PM Modi said that the country’s energy sector has vast investment opportunities across differen…