Mandatory sourcing clause for UMPPs likely to violate WTO norms
The recent decision by an empowered group of ministers (EGoM), headed by Defence Minister AK Antony, to make sourcing power equipment from domestic manufacturers mandatory might be in violation of global trading norms under the World Trade Organization (WTO).
Policy for shale oil and gas exploration ready
The petroleum ministry has finalised a shale oil and gas exploration policy, which will be tabled before the cabinet soon after the oil minister approves it, Petroleum Secretary Vivek Rae said.
Subsidies for power distribution companies to rise
Subsidies for state-run power distribution companies are projected to rise to a staggering Rs 60,000 crore by the end of this fiscal even after benefits from financial restructuring.
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