The Union Cabinet has approved major reforms. Foreign direct investment in insurance is now 100 percent. A new Higher Education Commission of India will be formed. The atomic energy sector is open for private companies. India and Oman signed a Free Trade Agreement. MGNREGA employment days have been revised. These steps aim to boost the…
It has been nine years since Digiconomist was first launched with the objective of “exposing the unintended consequences of digital trends.” For a big part of these nine years, the sustainability of digital assets such as Bitcoin has been a key focus of the research by Digiconomist. However, in 2022 and 2023 a new digital…
Torrent Gas announced price cuts for CNG and domestic PNG. This move follows the implementation of the Unified Tariff order. The reduction will make CNG significantly cheaper than petrol. Households using PNG for cooking and CNG vehicle owners will see reduced expenses. This initiative is expected to boost PNG connections and CNG vehicle sales.
India successfully met its record peak power demand of over 256 GW on April 25, 2026. Renewable energy sources like solar, wind, and hydro contributed significantly. This achievement demonstrates India’s capability in handling peak power demand with clean energy. The government is investing in grid modernization and increasing generation capacity to boost renewable energy’s share…
The Supreme Court has overturned a Gujarat High Court ruling. Adani Power Limited will receive a refund for customs duty paid on electricity. This duty was levied on power generated in a Special Economic Zone and supplied domestically. The court stated that previous judgments had already declared such levies invalid.
India has banned customers using piped natural gas from purchasing LPG cylinders. This move comes as LPG supplies to some industries are reduced due to disruptions in the Strait of Hormuz. The government is encouraging the use of piped gas. India relies heavily on LPG imports, with a significant portion coming from the Middle East.
The government plans to repurpose old thermal power plants. These sites will be converted into nuclear power units. This is part of India’s goal. The aim is to achieve 100 GW nuclear capacity by 2047. Ten sites have been shortlisted across states. A site selection committee will inspect these locations. Wanakbori thermal power plant in…
Power Grid Corporation of India has secured a significant financial boost. Its board approved raising up to Rs 4,000 crore. This funding will come from the State Bank of India through a bank facility. Powergrid, a key player under the Ministry of Power, is India’s largest electric power transmission utility. This move strengthens its financial…
India significantly increased its purchase of Russian fossil fuels in November. This surge placed India as the second-largest importer, following China. The rise was fueled by higher imports of crude oil, coal, and refined oil products. This comes as the United States continues to pressure India to reduce these purchases.
Transformers and Rectifiers India has won a significant order valued at Rs 228.26 crore from Gujarat Energy Transmission Corporation. The company will supply six transformers and two reactors. This major project is scheduled for completion by August 2028. The Ahmedabad-based firm specializes in manufacturing various types of transformers. Its shares saw a positive movement on…