OPEC’s leader Saudi Arabia and Russia were trying on Thursday to convince fellow oil producers to raise output from July to meet rising global demand, with Iran still signalling it would support only a modest increase in supply. The Organization of the Petroleum Exporting Countries meets on Friday to decide output policy amid calls from […]
Day: June 21, 2018
Sembcorp lowest bidder for Bangladesh power supply tender
Sembcorp Energy India is set to bag a tender for supply of 250 megawatts of electricity to Bangladesh after it bid the lowest tariff. Sources with direct knowledge of the development said Sembcorp Gayatri Power, a subsidiary of Sembcorp Energy India Ltd, bid the lowest among half a dozen power utilities that submitted offers to […]
Small airports, Rs 1 lakh crore investment: Govt mulls ways to boost air travel
To meet the rising demand, the government is looking at several ways to boost infrastructure in the Indian aviation sector. The government is looking at ways to build new airports, which include massive investment of around Rs 1 lakh crore and development of airports at small parcel of land. Amid growing air traffic, government is […]
Solar projects deadlines extended: Government
The government has allowed solar power developers more time for executing projects, a move which may bring down project costs and tariffs of power generated from this source. As per recent amendments in the competitive bidding guidelines for solar projects, for capacities above 250 MW, developers now have two years to commission the project from […]
Udaan scheme gaining momentum in Jammu & Kashmir
The Udaan scheme for skill training to the educated unemployed youth in Jammu and Kashmir has been getting very good response, Union Minister of State for Skill Development and Entrepreneurship Anant Kumar Hegde said. Udaan is being implemented in collaboration with the state administration, his own department and Union Home Ministry for quite some time […]
Electricity Tariff for next 5 years
Central Electricity Regulatory Commission (CERC) has issued a consultation paper seeking comments of all the stakeholders on terms and conditions of tariff regulations for the next five-year tariff period (1.4.2019 to 31.3.2024).This paper will remain open for suggestions till July 15, 2018.
GMR has collected Rs 5,200 cr extra
On May 29, 2018, Airports Economic Regulatory Authority of India (AERA) has issued a consultation paper titled as “Aeronautical Tariffs in respect of Indira Gandhi International Airport, Delhi with respect to Base Airport Charges, for the second control period (01.04.2014 to 31.03.2019).” It has proposed to increase user development fee (UDF) to Rs 77 per […]
National Bio-fuel Policy 2018
The cabinet has approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 cr this year alone. Till now only ethanol produced from sugarcane was allowed to be mixed in petrol.
Make in India Order, 2017
In a meeting held on May 21, 2018, the Committee of Secretaries (CoS) has recommended that every department / ministry / enterprise of the centre should put in place an officer who would certify the compliance of the Department of Industrial Policy and Promotion (DIPP)’s Public Procurement (Preference to Make in India or PPP-MII) Order, […]
Scandalous Loans to GVK Gr
GVK Group has been awarded the Navi Mumbai International Airport (NMIAL) project. In the past, on several occasions the group had managed to get loans from banks in scandalous manner, and many of them have turned NPAs. It has huge burden of debt. GVK Power & Infrastructure Ltd, the listed company of the GVK Group […]
Rollouts to be faster & efficient
On May 14, 2018, the ministry of new & renewable energy (MNRE) issued National Wind-Solar Hybrid Policy with an aim to boost renewable power generation. The policy provides for a comprehensive framework to promote large grid-connected wind-solar PV hybrid system for efficient utilisation of transmission infrastructure
Airlines Accountability
On May 22, 2018, the civil aviation ministry issued a Draft Passenger Charter for public consultation. The public consultation is open for 30 days and the ministry is expected to notify changes in two months. Under the charter, the ministry has proposed a series of consumer-friendly measures relating to charges for cance