INSIGHTS CURRENT EVENTS: 23 OCTOBER 2014

The Ministry of Micro, Small and Medium Enterprises gets ISO 9001: 2008 Certificate The Ministry of Micro, Small and Medium Enterprises has been awarded ISO 9001:2008 certification, demonstrating the Ministry’s mission of promoting the growth and development of Micro, Small and Medium Enterprises with dedication and commitment. Implementation of ISO standards will enable the Ministry …

INSIGHTS CURRENT EVENTS: 22 OCTOBER 2014

Spending reforms Union Finance Minister has rolled out reforms aimed at the efficient management of government expenditure through speedy project approvals, decentralisation of more financial powers to Ministries and reduced transaction costs. Now, the Ministries have got a four-fold increase in the powers for approving expenditure without seeking the Finance Ministry’s nod. The Secretary of …

The Big Picture – Impact of Gas Pricing and Diesel De-Regulation on Economy

Summary: After months of delay, the government has finally come out with the new gas pricing formula even as it ended regulation of diesel prices. While the diesel deregulation has been widely welcomed as it was accompanied by major reduction in prices, gas pricing formula has met with mixed responses. The government has discarded the …

INDIA’S ENERGY SECURITY: OIL AND GAS SECTOR

        India’s energy security is a critical issue and its economy and even foreign relations are substantially affected by its dependence upon imported crude oil. Oil requirement in future will be significantly higher, because of growth in economy and in turn growing consumption of households and industry. It is also pre- requisite …