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As long as India’s oil demand is driven by mopeds, it won’t be the new China

As long as India’s oil demand is driven by mopeds, it won’t be the new China

NEW DELHI, July 13 (Reuters) – Sanjay Kumar is beaming with joy. The 23-year-old has just bought a used motor scooter, his first, for 30,000 rupees ($445), after years of saving together with his mother.   He says the Maestro…

No oil, Centre banks on gas for development of East

KOLKATA, November 14 (PTI):  Bereft of oil so far, Ministry of Petroleum and Natural Gas is banking on supplies of gas for development of the eastern region of the country.   “In eastern India, so far, no oil has been…