Anil Kakodkar, a former chairman of the Atomic Energy Commission, today pitched for subsidising nuclear energy so that it competes with low-cost solar power. “Nuclear is also carbon-free, it is sustainable. I think nuclear should also be eligible for that kind of subsidy (enjoyed by solar and wind) as it is also clean,” he told […]
Month: February 2018
ONGC extends gain on interim dividend plan
Oil and Natural Gas Corporation (ONGC) was trading 2% higher at Rs 191, extending its Tuesday’s 1.1% gain on the BSE, after the company announced that its board will meet next week to consider the second interim dividend. At 02:10 pm; the S&P BSE Sensex was trading 0.36% higher at 33,824, up 0.15% in past […]
Air India Express net profit exceeds target for the year
Air India Express, the international budget airline wholly owned by Air India, expects the net profit in the current fiscal to exceed its target for the year despite rise in fuel cost and softening of demand in the Gulf route. However, it is expected to fall short of last year’s level. After earning a net […]
Budget 2018
The Union Budget for 2018-19 will have an overall positive impact on the power sector as the thrust towards expanding electricity access through flagship schemes is expected to boost demand. The budget allocates Rs 3,800 crore for Deendayal Upadhayaya Gram Jyoti Yojna (DUGJY) and Rs 4,900 crore for Integrated Power Development Scheme (IPDS). The government […]
Affordable flying
On April 27, 2017, Prime Minister Narendra Modi launched the RCS scheme in Shimla to boost air travel between smaller cities by making flights far more affordable for “tier 2” and smaller towns. “I want to see people who wear hawai chappal (flip flops) in a hawai jahaz (airplane),” Mr Modi said. That was the […]
To ramp-up production
After a gap of nearly two years, the coal ministry has restarted the process of allocating mines. It has allocated 11 coal blocks to three subsidiaries of Coal India Ltd. Of these 11 mines, 5 are de-allocated and six are new mines. These blocks are estimated to have a production of 225 mn tonnes per […]
Indonesian Coal Scam
On January 22, 2018, the CBI has registered a case against Ahmed AR Buhari, promoter of Chennai based Coastal Energy Pvt Ltd (CEPL), and unknown officials of NTPC, APCPL and MMTC for causing Rs 487 crore loss to NTPC and APCPL in the import of coals from Indonesia during FY12 to FY15.
DGS proposes 70 pc Safeguard Duty
The Directorate General of Safeguards (DGS) has proposed 70 per cent safeguard duty on solar cells and modules imported from China and Malaysia, citing concerns of the domestic industry being damaged on account of increasing solar imports.
14 CEZs to create local jobs
For promoting port-led industrialization, the government has identified 14 Coastal Economic Zones (CEZs) covering all the Maritime States and Union Territories under the Sagarmala programme. The National Perspective Plan for all 14 CEZs have been prepared in consultation with relevant state governments and central ministries.
UPERC restores PPAs for 540 MW
The UP Electricity Regulatory Commission (UPERC) has given a new lease of life to Bajaj Energy Pvt Ltd’s (BEPL) five thermal power plants that the private developer had to shut down after the UP Power Corporation Ltd (UPPCL) unilaterally terminated power purchase agreements (PPAs) with the company in August last year.
NH Toll Fee
Location of Fee Plazas is in terms of the National Highways Fee (Determination of Rates and Collection) Rules, 2008 which states that on the same section and same direction of the highway a distance of 60 kms should exist between two fee plazas unless reasons exist otherwise.
Budget 2018: Oil & Gas
In the budget, the government has enhanced the number of beneficiaries under the Pradhan Mantri Ujjwala Yojana (PMUY) for receiving deposit-free new cooking gas connection to 8 crore from 5 crore with an additional allocation of Rs 4,800 crore. This has also been approved by the cabinet. The revised targets of PMUY will be achieved […]