Cabinet approves ₹30,000 crore compensation to PSU oil firms for domestic LPG losses

August 8, 2025 6:53 PM

Cabinet approves ₹30,000 crore compensation to PSU oil firms for domestic LPG losses

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Friday approved a compensation package of ₹30,000 crore for three public sector Oil Marketing Companies (OMCs) - Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) - to offset losses incurred from selling domestic LPG at regulated prices. The Ministry of Petroleum and Natural Gas will oversee the distribution of the compensation among the OMCs, which will be di...

Centre rolls out key strategies to ensure sustainability, competitiveness of coal sector

July 21, 2025 4:30 PM

Centre rolls out key strategies to ensure sustainability, competitiveness of coal sector

The central government has outlined a set of measures aimed at making the coal sector more sustainable and competitive, while aligning with global climate commitments. Despite the growing push towards renewables like solar and wind, coal continues to play a dominant role in India’s energy mix, meeting 55% of the country’s energy needs. With the world’s fifth-largest coal reserves, India is adopting a multi-pronged strategy to modernise the sector, enhance environmental compliance, and redu...