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Inflation to drive future action
Business Standard / New Delhi October 28, 2009, 0:09 IST

Gas reserves at Essar's Raniganj field 43% more than estimates
Essar Oil’s recoverable coal-bed methane (CBM) reserve at Raniganj block in West Bangal has been pegged at 1 trillion cubic feet (tcf), 43 per cent higher than the earlier estimate of 700 billion cubic feet (bcf). The basin has 3.5 tcf reserves, a third of which are recoverable.

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Eco-friendly buildings: Gulf wakes up to 'green' concept
Recent studies on energy consumption in the Gulf region have changed the misconceptions about the sustainability of eco-friendly "green" buildings, prompting adoption of such models.
International Business

Textiles Ministry demands change in Drugs and Cosmetics Act

The Textiles Ministry is pushing for amendments in the Drugs and Cosmetics Act to ensure that quality standards are set for new medical textiles used in products like baby diapers, contact lenses and surgical gloves to promote their sales. Markets extend losses in noon trades At present, medical products made out of woven and cotton are included under the law. While the the non-woven products, which broadly fall into the technical textiles, are priced at a premium of 20-25 per cent, consumers would be willing to pay for it once they carry the guarantee of quality standards, industry officials feel. The domestic market for medical textiles was estimated at Rs 1,514 crore in 2007-08 and is expected to touch Rs 2,263 crore by 2012-13, according to official estimates. The government would launch next year a mission on technical textiles, which also include products used in civil aviation, agriculture and defence sectors, the official said.


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