India to release 5 millon barrels of crude oil from strategic reserves
The Hindu
India plans to release about 5 million barrels of crude oil from its emergency stockpile in tandem with the US, Japan and other major economies to cool prices, a top government official said on Tuesda
India plans to release about 5 million barrels of crude oil from its emergency stockpile in tandem with the US, Japan and other major economies to cool prices, a top government official said on Tuesday.
India stores about 38 million barrels of crude oil in underground caverns at three locations on the east and west coast. Of this, about 5 million barrels will be released, starting as early as 7-10 days, the official, who wished not to be named said.
The stocks will be sold to Mangalore Refinery and Petrochemicals Ltd (MRPL) and Hindustan Petroleum Corp Ltd (HPCL) which are connected by pipeline to the strategic reserves. “We may look at releasing more reserves later,” the official said adding a formal announcement was expected later in the day.
The government plans to amend the FCRA, introducing new regulations for NGO asset management and accountability for key functionaries.
The draft policy for “Responsible Digital Use Among Students”, released on Monday by the Department of Health and Family Welfare, has recommended that parents set structured routines with clear screen-time rules and prioritise privacy, safety, and open conversation with children on digital well-being.
Police Observer Sushant Kumar Saxena conducts surprise inspection at Shencottai police station, reviewing warrants and security arrangements ahead of elections.
Andhra Pradesh government to launch key projects in April, focusing on industrial growth and infrastructure development, says Nara Lokesh.
Lok Sabha refers the Corporate Laws (Amendment) Bill to a JPC amid opposition concerns over CSR provisions dilution.
SHG members in Kanniyakumari use snakes and ladders to raise election awareness and boost voter turnout.
Government accelerates consultations for early implementation of the Women’s Reservation Act to ensure women’s representation in 2029 elections.
CM A. Revanth Reddy distributes ₹1 crore insurance cheques to families of deceased Electricity department employees, enhancing financial security for workers.
The Bengaluru Traffic Police (BTP) registered 634 cases of drunk driving during a week-long special enforcement drive conducted across the city between March 16 and March 22.
GHMC intensifies action against property tax defaulters, seizing properties and offering a One Time Settlement scheme for payments.
CCB arrests three drug peddlers in Mangaluru, seizing ₹2.5 lakh worth of MDMA and other valuables.
TVK's 28 candidates in Puducherry include former BJP MLAs, a sitting Independent, and a retired police IG.
BRS submits notice on private member bill to Speaker