Energy Reforms

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Energy Sector Reforms

Context: Energy Sector Reforms is an important topic for UPSE PRELIMS and GS Paper3. Petroleum Crude petroleum occurs in sedimentary rocks of the tertiary period. It consists of hydrocarbons of liquid and gaseous states varying in chemical composition, colour and specific gravity. It is an essential source of energy for all internal combustion engines in automobiles, railways and aircraft. Its numerous by-products are processed in petrochemical in

Kirit Parikh Gas Pricing Panel

Kirit Parikh Gas Pricing Panel The government recently appointed a Kirit Parikh committee to review the gas pricing formula. The committee's major recommendations: Maximum cost: A fixed pricing band for gas from old fields, known as APM (Administrative Price Mechanism) gas, is required. These fields produce two-thirds of the country's natural gas. This would provide producers with a predictable pricing regime while also lowering CNG and piped cooking gas prices. Pric

Extend FAME II Subsidy

Extend FAME II Subsidy The parliamentary standing committee on heavy industry brought attention to the fact that Phase 2 of the FAME programme to subsidise electric vehicles only met 51.96% of its goal. In related events, the Union Ministry of Heavy Industries' Committee on Estimates (2022-23) for the examination of electric vehicle policy proposed an extension of the FAME II programme. About The Union Ministry of Heavy Industries' Committee on Estimates (2022-23) for