Beauty is what you buy

Arjun Ram Meghwal advocates for institutional arbitration, citing its roots in Indian culture. He urges flexibility and risk-taking to protect organizational interests. Arun Kumar Singh emphasizes timely dispute resolution for a healthy business environment. Anju Rathi Rana highlights government efforts to streamline arbitration. Hemant Gupta calls for a shift in mindset towards institutional arbitration for efficient commercial dispute settlements.

Union Power Minister Manohar Lal Khattar and Chief Minister Nayab Singh Saini reviewed the progress of North India’s first nuclear power plant in Fatehabad, Haryana. The Gorakhpur Haryana Anu Vidyut Pariyojana (GHAVP) aims to generate 2,800 MW of power, with 50% allocated to Haryana.

Following the Israel-Iran conflict and a sharp rise in oil prices, Indian oil companies anticipate reduced profit margins. Despite concerns, India asserts it has sufficient energy reserves and diversified import options, minimizing supply disruption fears. While direct Iranian oil imports aren’t a factor, potential Hormuz Strait disruptions by Iran-backed rebels raise insurance costs and threaten vessel routes.

“It is in the interest of the US, Iran, and other West Asian producers to keep oil flowing without disruption,” said a refinery executive, speaking on the condition of anonymity. “Producers in the region will not want their trade disrupted, and Trump will be wary of global supply shocks that could push up US pump prices.”

Union Minister Hardeep Singh Puri assured that India possesses sufficient energy reserves for the upcoming months, despite the rising tensions between Iran and Israel. Following a review with the Petroleum Ministry Secretary and energy PSUs’ CMDs, Puri affirmed India’s energy strategy effectively balances availability, affordability, and sustainability under Prime Minister Modi’s leadership.

During servicing operations at ONGC’s Rudrasagar Field in Sivasagar, Assam, a gas gush occurred at Well No. RDS-147. ONGC promptly activated safety protocols, secured the site, and mobilized emergency response teams. No fire or injuries were reported, and efforts are underway to control the gas flow, with operations expected to resume soon.

MSEDCL has applied to MERC for a parallel license to distribute electricity in key Mumbai regions, aiming to expand its footprint. The utility plans to supply areas from Colaba to Mira Bhayandar, leveraging its extensive network and experience in Maharashtra.

Upon detection, ONGC immediately activated standard safety protocols. The site was promptly secured, and an emergency response team led by the Asset Manager reached the location without delay. We are relieved to report that no fire or injuries to any personnel have occurred, and the situation is now fully under control.

Nitin Gadkari advocates for a GST rate cut on crude ethanol. He wants the rate to be reduced from 18% to 5%. This move aims to boost flex-fuel vehicle adoption. Current GST structure is under review. Nirmala Sitharaman is leading the re-evaluation. The goal is to streamline GST and enhance revenue.

NTPC has achieved a significant milestone. The company successfully completed trial operations for the third unit of the North Karanpura Super Thermal Power Project in Jharkhand. This addition of 660 MW boosts NTPC’s total installed capacity to an impressive 81,368 MW. The North Karanpura plant, located in Chatra district, is a key coal-based power generation facility.