Crude oil futures fell 0.9 per cent to Rs 3,868 per barrel, in line with a weak trend in the domestic markets, as speculators cut their bets. Crude for delivery in March this year was trading lower by Rs 35, or 0.9 per cent, to Rs 3,868 per barrel with a business volume of 593 […]
Day: February 1, 2019
Former civil aviation secretary Rajiv Nayan Choubey takes over as UPSC member
Former Civil Aviation Secretary Rajiv Nayan Choubey on Friday took over as the member of the Union Public Service Commission (UPSC), the agency that conducts prestigious civil services examination to select the country’s bureaucrats, diplomats and police officers. Choubey, a 1981-batch (retired) IAS officer of the Tamil Nadu cadre, superannuated Thursday on attaining the age […]
Govt successfully auctioned natural resources, including coal: Piyush Goya
Finance Minister Piyush Goyal Friday said the NDA government has conducted transparent auction of natural resources including coal and has “walked the talk”. Presenting the Budget for 2019-20 in the Lok Sabha, Goyal said “we conducted transparent auction of natural resources including coal and spectrum. We have walked the talk”. Goyal said this while explaining […]
Budget 2019: Every willing household to get free electricity connection by March 2019 under Saubhagya scheme
Union Budget 2019: While presenting the last budget before the crucial Lok Sabha polls, Finance Minister Piyush Goyal said that the government is all set to provide electricity connection to every willing household under the Saubhagya scheme by the end of March 2019, after having missed the original deadline of 100% household electrification by the […]
Budget 2019 fails to meet renewable industry’s expectations yet again
The interim Budget 2019 was announced on February 1, 2019 by the interim Finance Minister Piyush Goyal. Like the previous two years, this year’s Budget also appears to have failed to cater to the domestic renewable energy sector. In Goyal’s Budget speech in Parliament, there were only fleeting references to the renewable energy sector with […]
Gujarat Commission permits GUVNL to procure power from SEWA’s Solar Project
The Gujarat Urja Vikas Nigam Limited (GUVNL) can now procure power from solar energy generating systems of Salt Pan Workers of Self Employed Women Association (SEWA) during the off-season period when the energy generated remains unutilized. The procurement will be done at average pooled power purchase cost fixed by the GUVNL for the year in […]
IAF Mirage fighter jet crashes at HAL airport in Bengaluru, one pilot dead
A Mirage 2000 aircraft of the Indian Air Force crashed at the HAL Airport here Friday killing a pilot on the spot and leaving another critically injured, police said. “The body of one of the pilots is completely charred while the second pilot is in a serious condition,” a police officer at the HAL Airport […]
Interim Budget 2019: Road construction per day 60% less than targeted
The Central Government has never shied away from dwelling on its focus on highway development in the country, but the word ‘highways’ was mentioned only twice by the Finance Minister Piyush Goyal in his maiden budget speech. India is constructing 27 km of roads every day since 2017-18, which is way lower than the target […]
Budget 2019: SPV gets Rs 1300 crore for FY19 to service Air India’s debt, Rs 2600 cr for FY20
The government has allocated Rs 1,300 crore to service Air India’s debt that has been transferred to a special purpose vehicle called Air India Asset Holding Limited (AIAHL) in the Budget announced today. The allocations for the next fiscal has also been doubled to Rs 2,600 crore, which will used to service the debt of […]
Jet Airways accepts Etihad’s bailout terms, says report; shares rise
Jet Airways Ltd has agreed to most conditions set by shareholder Etihad Airways for offering a lifeline to the debt-laden Indian carrier, the Business Standard newspaper said, sending Jet’s shares soaring as much as 18 percent on Friday. Both airlines are set to sign a memorandum of understanding (MoU) within days, which would result in […]
6 cr LPG connections given under Ujjwala, mostly to women: Goyal
Over 6 crore free cooking gas connections have been provided under the government’s Ujjwala Yojana scheme aimed at providing LPG to poor households, the Centre announced on Friday. Presenting the Interim Budget for 2019-20, acting Finance Minister Piyush Goyal said that with such progress made in providing clean cooking fuel, the current government was well […]
Kerala’s Budget pushes for widespread EV adoption, rooftop solar systems
Kerala’s budget for the financial year 2019-2020 puts impetus on setting up rooftop solar projects in the state while also pushing for the development of the Electric Vehicle sector in the state. In his speech, Kerala’s Minister of Finance, Thomas Isaac mentioned that in Kerala households have already registered for 200 MW of rooftop solar […]