Ker. HC: Gain from Property Kept for Investment Purpose to be Taxed Under Capital Gains  ||  Cal. HC: Arbitrator Relying on Unverified Evidence is Contrary to Fundamental Policy of Indian Law  ||  Delhi High Court: Educational Institutions Strong Pillar of Democracy  ||  Bombay HC: If Ignorance Was an Excuse Every Accused Would Claim Unawareness of Law  ||  Calcutta High Court: Warrant of Arrest Should Not be Issued Mechanically  ||  Del. HC: Information Seeker has No Locus Standi in Penalty Proceedings Under Section 20 of RTI Act  ||  Ker. HC: Response Sought from Govt. Regarding Tourism Dept. Vehicles Carrying Dignitaries  ||  HP HC: Adultery Not a Ground to Automatically Disqualify Divorced Wife from Receiving Maintenance  ||  Ker. HC: HRC Being Quasi Judicial Body is Duty Bound to Comply With Principles of Natural Justice  ||  Del. HC: Independent Assessment of Award in Appeal u/s 37 of A&C Act Cannot be Undertaken by Courts    

India welcomes the announcement by the IEA for collective oil stock release of 120 million barrels- (Press Information Bureau) (07 Apr 2022)



Government of India welcomes the announcement by the International Energy Agency for collective oil stock release of 120 million barrels. Government of India has also taken note of the US Government's decision, late last month, to release 180 million barrels from its Strategic Petroleum Reserves, over the next 6 months, to calm rising global fuel prices.

In the interest of collaborating with like minded countries on these positive initiatives, Government of India is examining what it can do to support these actions.

As a major consumer of energy, India has consistently espoused the importance of stable, affordable and accessible global energy markets. Government of India, therefore, hopes that these initiatives will bring equanimity to global energy markets.


Share :        

Disclaimer | Copyright 2024 - All Rights Reserved