Magazine News articles

28 Asian Highway

Asian Highway

Asian Highway

On September 5, 2017, the Prime Minister Narendra Modi arrived in Nay Pyi Taw on his first bilateral visit to Myanmar to chart out a roadmap for closer cooperation. The very next day, on September 6, a Rs 1,177 cr construction and maintenance of road contract funded by India for the Yagyi-Kalewa section in Myanmar

32 Generating Black Money

Generating Black Money

Cases of over-invoicing in the energy sector have become rampant. Government’s own agency – Directorate of Revenue Intelligence (DRI) – in its various investigation reports has unearthed massive scam in which several private companies have siphoned away several thousand crores of rupees abroad. Most of these over-invoicing instances have been reported from the power sector,

22 Domestic Coal Mining

Domestic Coal Mining

ICRA expects aggregate domestic coal demand growth to witness a structural slowdown on the back of government’s large renewable energy capacity addition plans. Government’s renewable plan includes taking the capacity to 175,000 MW by 2022 from the current capacity of around 58,300 MW.

26 5-yr Trend

5-yr Trend

The solar power tariffs discovered through bidding have recently come down to the level of Rs 2.44/ kWh in May 2017 for Bhadla Solar project in Rajasthan. The details of solar power tariffs discovered during the last five years in the country are given in

27 UDAY Scheme

UDAY Scheme

The news on the Ujjwal Discom Assurance Yojana (UDAY) is a mixed bag. On the positive side, the financial metrics of state discoms improved in nine months of FY17, with their interest cost burden falling to 8.5 pc, as against 13 pc earlier.

40 Fudging of Accounts by L&T

Fudging of Accounts by L&T

Analysis of the published annual accounts for FY 2010-11 to 2016-2017 of six companies of L&T group reveal fudging of accounts. The management has indulged in window dressing of accounts to the extent of Rs 18,779 cr

43 25 cr LED sold

25 cr LED sold

The Unnat Jyoti by Affordable LED for All (Ujala) Yojana is being implemented by Energy Efficiency Services Ltd (EESL), a joint venture of power sector PSUs. It is based on aggregation of demand and bulk procurement of LED bulbs by EESL, resulting in reduction of procurement prices of these bulbs which is passed on to

CBI Headquarters. (File Photo: IANS)

Deceptive NaftoGaz

The metropolitan magistrate court in Mumbai has granted bail to a contractor who was booked for allegedly cheating ONGC of Rs 115 crore, on the condition that he deposited 10 pc of the defrauded amount. The court has warned Mahdoom Bahrudeen, director of NaftoGaz India Pvt Ltd, if he caused any delay in the trial,

54 2nd round of UDAN bidding

2nd round of UDAN bidding

To improve regional air connectivity, on August 24, 2017 the government announced increasing viability gap funding (VGF) for helicopter operators and allowing smaller planes, among other concessions, under the 2nd round of bidding for UDAN scheme.

61a Central Road Fund

Central Road Fund

Cess on High Speed Diesel (HSD) Oil and Petrol is levied as per the provisions of the Central Road Fund (CRF) Act, 2000 amended by the Finance Act from time to time. The funds accrued under the CRF during 2014-15, 2015-16 and 2016-17 were Rs 26,108 crore, Rs 69,809 crore and Rs 80,800 crore, respectively.