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Bitcoins like Ponzi schemes: Govt

-The Times of India NEW DELHI: The government on Friday cautioned people against the risk of virtual currencies, saying they are not legal tender and do not have any regulatory permission or protection in India.   In one of the sternest warnings by the authorities, the government said virtual currencies are not backed by government fiat. The caution comes against the backdrop of a surge in interest in such instruments, Fuelled by astronomical...

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Nervous over rising crude, government ends monthly LPG price hike -Sanjay Dutta

-The Times of India NEW DELHI: In a clear indication of the nervousness over rising oil prices evoking popular anger, the government has asked state-run Fuel retailers to stop raising the price of subsidised cooking gas cylinders by Rs 4 a month. The order was issued in October, around the same time the government cut excise duty on petrol and diesel by Rs 2 per litre to stave off rising consumer anger...

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NITI Aayog working on policy to cut oil bill by $100 billion

-PTI NEW DELHI: The government is working on a policy to bring down the annual oil import bill by $100 billion by 2030 through extensive use of methanol in cooking gas and transportation Fuel, union minister Nitin Gadkari told Lok Sabha on Thursday.   The government was "shortly" going to implement a scheme under which 15 per cent methanol will be blended with petrol and which will reduce the cost of the Fuel...

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India can exceed its climate goals while maintaining GDP of 6-7%: report -Mayank Aggarwal

-Livemint.com India can meet its national climate change goals promised under the Paris Climate Agreement, says report by World Resources Institute and Open Climate Network New Delhi: Not only can India meet its national climate change goals promised under the Paris Climate Agreement, but can potentially exceed them while maintaining an annual gross domestic product (GDP) growth of 6-7%, said a new report released on Wednesday. The report, “Pathways For Meeting India’s Climate...

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Uttarakhand district violates Forest Rights Act for Pancheshwar dam project -Ishan Kukreti

-Down to Earth The Pithoragarh administration has not even formed district-level committee to implement FRA The proposed 5040-MW Pancheshwar dam project, to be jointly carried out by India and Nepal, has been facing flak from environment activists for some time now. In a latest development, around 10 civil society organisations (CSOs) wrote to the Uttarakhand Chief Minister and the Union Ministry of Tribal Affairs, objecting to the manner in which district administrative...

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