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The Hindu BusinessLine It is time India adopted an energy policy which protects the country from uncertainties arising from geopolitics. Whenever there is turmoil in West Asia or other large oil producing nations, an immediate impact is felt on oil guzzlers such as India, sparking debate on how to cope with the situation. Some of the standard responses from policymakers in India are: “we are closely watching the histoire d’or bracelet femme maille anglaise en 375 situation”; “we are expanding our energy portfolio”; and “we are not dependent on one region for our yayi bijoux princesse coupe 3 7ct vert zircon argent rempli bagues de fiancailles mariage coeur anneaux saint valentin filles anneau 1151 crude oil purchase”. coque huawei But the fact is that India’s crude oil demand is largely met by imports over 80 per cent. iphone 11 case And, maximum supply comes from the Gulf region, particularly Iraq and Saudi bracelet femme avec rubis Arabia. There was a time when Iran was also a key player till American sanctions hit the Islamic nation. The International Energy Agency’s ‘India 2020: Energy policy review’ brought out in partnership with NITI Aayog points tatouage maorie bracelet femme out that India’s demand for energy is set to double by 2040, and its electricity demand may treble. India’s oil consumption is expected to grow faster than that bracelet femme createur of any of the other major economies. And this, the report says, makes improving the energy security further a key priority for India. coque iphone According to the IEA, the rate of growth of India’s oil consumption is expected to surpass China’s in the mid 2020s, making India an attractive market for refinery investment. coque huawei “As proven oil reserves are limited compared with domestic needs, India’s import dependency bracelet femme plaqué argent (above wong rain 100 925 argent sterling cree moissanite pierres precieuses bague de fiancailles de mariage bande de mariage bijoux fins cadeaux en gros 80 per cent in 2018) is going to increase significantly in the coming decades,” it adds. Push for alternative sourcesSo, what India needs is to not only expand its oil sourcing portfolio and tap other oil producing countries, which the domestic refiners are doing now, but also aggressively push for alternative sources of energy to bring down dependence on fossil rscvonm nouvel orteil anneaux femmes charme mode ouverture reglable antique en metal argente orteil anneau pied sexy dame plage bijoux fuels. Today, Indian refiners are also buying crude from the US. iphone 11 case iphone 11 case But, American crude is not cheap, though both the buyer and the seller claim that it is competitive. How they define competitiveness is anybody’s guess. coque samsung While India’s energy push should not be dominated by one country or one player, but based on its own bilateral ties, bracelet femme haut de gamme it also needs to bracelet femme longueur 21 cm get its domestic policies in shape. The IEA yayi bijoux princesse coupe 3 9ct rouge zircon argent rempli bagues de fiancailles mariage coeur anneaux saint valentin filles anneau 1147 report also states that to improve oil security, the government has prioritised reducing oil imports, increasing domestic upstream activities, diversifying its sources of supply and increasing Indian investments in overseas oilfields. India’s strategic petroleum reserve supplements the commercial storage available at refineries. bracelet femme perle swaroski However, India’s current strategic reserve capacity of 40 million barrels can taille de bracelet femme cover just over 10 lady colour “croix” plaqué or blanc bracelet femme cristaux de swarovski days of current net imports. “Given the expected wong pluie vintage 100 925 argent sterling emeraude pierre precieuse mariage fiancailles cocktail or jaune bague bijoux fins en gros growth in oil consumption, the same volume may cover only four days of net imports in 2040. Therefore, it is important that the government pursues the second phase of its strategic stock holding policy, which would add an additional 50 million barrels, and also prepares subsequent phases,” the report states. coque iphone For the domestic policies to work well bracelet femme fermeture aimantée not only should there be synergies between various ministries such as Coal, New Renewable Energy, Power, and Petroleum Natural Gas but also State governments must be got on board. coque huawei Former image bracelet femme Finance Minister Arun Jaitley in one of his blogs had said that the experience of the GST Council can be replicated in sectors such as agriculture, rural development and healthcare. These sectors need major support from both the Centre and the States, Jaitley had said. “Should the Centre and the States be only competing and not supplementing the efforts of each other” he asked. Also, he wondered if they (Centre and States) should not be pooling their resources and ensuring that there is no overlap or duplication taking place, so that the interests of the largest number are protected and enhanced. coque samsung Those hermès bracelet femme tracking the energy sector feel a similar mechanism can be adopted for mineral resources also. Anobvious example would be the power sector, where States play a key role in making the schemes a success or failure as the entire distribution set up is under them. The IEA report, while making recommendations for reforms to support India’s goal ceraluxe bracelet femme of promoting open and well functioning energy markets in sectors such as coal, gas and electricity, has called for building strong regulators to ensure non discriminatory access moving from State allocation to market pricing and further rationalisation of energy subsidies. bijoux pas cher coque iphone bijoux pas cher It also strongly encourages India to institutionalise energy policy coordination through a national energy policy framework. coque iphone When everyone can come on bracelet femme maman board for a critical tax reforms, the same could be done for energy, provided someone takes the initiative. coque huawei goed hoesje coque huawei All you wanted to know about the zero MDR issue All you wanted to know about the zero MDR issue With the Union Budget bracelet femme or et perle de culture just bracelet femme 16 cm around the corner, industry bodies have been knocking at the Centre’s doors with . iphone 11 case All you wanted to know about LPG pricing formula All you wanted to know about LPG pricing formula Last week, the Centre raised the price of non subsidised LPG (liquefied petroleum gas) for the fifth month in a .