India imported between 1.27 to 1.42 million barrels of Russian crude per day, which made up 28% of India's supplies in January, the highest ever
Two policy tweaks to lower the govt's bill depend on weather, state of the global economy and the trajectory of the Russia-Ukraine war
But imposing policies that deter domestic exploration and production
Freeing the industry from administrative pricing could be the best way forward
In a Q&A, Satyanarayan Goel, CMD of the exchange, dwells on the current and future power distribution scenario in India and his plans to set up an International Carbon Exchange
But the China factor could play spoiler
New trading products could be the start of India's attempt to create a domestic price benchmark and derivatives contract market, and the tapering of the administered price regime
Consumers will be in trouble, given rising European demand from India's traditional suppliers, the absence of gas storage facilities and the lack of a clear LNG procurement strategy
Sizeable discounts on Urals grade have helped evade new sanctions by western powers; fate of Russian supplies in Q1 of calendar 2023 rests on oil price movement
'People are looking to get into the manufacturing supply chain, governments are looking at expanding transmission infrastructure,' said ReNew Power founder & CEO, Sumant Sinha
The impact of the gas price cap on India may, however, be muted as the EU, fearing disruptions to domestic gas supplies in winter, set the bar very high
An International Energy Agency report suggests that New Delhi's action on renewable deployment on the ground pales in front of Europe and China
The Modi government could take a leaf out of Norway's playbook to meet its 2070 emission target instead of passing the buck to the private sector
India will continue to buy Russian oil, and the lack of ships or insurers will not be a hindrance, said an oil ministry official
The US shipped a record 450,000 barrels/day to India in November
India will be unable to use Western tankers and insurance if it refuses to adhere to price cap
State-owned refiners are in a strong position to gain from the surging demand for diesel from Europe as winter sets in and natural gas supplies from Russia are set to dwindle on fresh sanctions
Despite losing its place to Russia in India, the world's third biggest oil importer, the kingdom is confident it holds the cards for crude supplies in the long term
And India's progress towards net zero by 2070 will depend on how successful it is in facilitating an orderly transition to a clean economy
Business Standard's S Dinakar caught up with Sunjay Kapur, the president of the Automotive Component Manufacturers Association of India, to know how the sector is performing and more